Definition: This entry is the total oil consumed in barrels per day (bbl/day). The discrepancy between the amount of oil produced and/or imported and the amount consumed and/or exported is due to the omission of stock changes, refinery gains, and other complicating factors.
Source: CIA World Factbook - Unless otherwise noted, information in this page is accurate as of January 1, 2012See also: Oil - consumption map
These 2 emerging giants are the biggest beneficiaries of cheap oil
The Business Insider - 3/27/2015 8:17:08 PM
With a consumption of more than 3 million barrels of oil per day, India is the fourth largest global consumer of oil in the world. Since the country imports around 80% of its total crude oil requirement, cheap oil has drastically reduced India’s import ...
Here are the countries that generate most of their power from oil
businessinsider.in - 3/30/2015 8:06:25 PM
For these countries, the case for shifting toward alternative sources of energy depends heavily on the price and supply of oil. In other places in the world, there's less ... the pace of oil consumption growth in Middle East power generation is so rapid ...
U.S. oil storage crunch might cut crude prices
USA Today - 3/30/2015 8:39:13 AM
Advanced drilling techniques that extract crude from shale rock have made the U.S. the world's No. 1 producer of oil and natural gas liquids. The surge has outpaced a less dramatic rise in U.S. consumption ... ripple across the country, analysts say.
Why Are OPEC Countries Abandoning Oil Consumption?
The Motley Fool - 5/17/2013 1:43:58 AM
The first thought that comes to mind with OPEC is oil. This collection of countries is responsible for over 40% of all oil production around the world. For many of these ... East have made moves to halt the consumption of oil within their own borders.
How would India's Strategic Petroleum Reserve affect global Oil scenario?
Commodity Online - 3/31/2015 10:54:02 AM
India, the world’s fourth largest oil consumer ... of Iraqi crude from Chinese trader Unipec on Monday as the first oil for its SPR. According to the BP Statistical Review, Indian oil consumption has doubled in the last decade and has shown an average ...
Oil, no matter the price, is never cheap
Beacon News - 3/30/2015 3:17:06 AM
Rather than reduce production to keep the price of oil high, the major supplier of conventional oil, the Organization of Petroleum Exporting Countries (OPEC), has ... the daily world consumption would take 92 minutes; the global annual consumption would ...
Oil's role in the world economy and in the global crises
CNN iReport - 3/21/2015 8:24:15 PM
In this issue the Middle East is in the first position and the lowest consumption is done by the countries in Europe. According to the statistics the amount of oil consumed by the world every year is as many as 30 billion barrel among which nearly 25 ...
Reuters Poll: Oil prices to stabilize as demand rises
Win 98.5 - 3/30/2015 6:59:00 AM
This has encouraged motorists to make more use of their cars and let factories and other businesses boost fuel consumption. London-based consultancy Energy Aspects expects world oil demand to rise by up to 1.5 million barrels per day this year. That's ...
It’s hard to diversify when you’re swimming in oil
Brookings - 3/31/2015 9:49:37 AM
The chart below shows the evolution of oil and gas export shares for the 17 countries during 1980-2010 (using data sourced through the World Integrated Trade Solution ... 1990 as well as increasing domestic consumption of oil, both of which sharply ...
World Oil Consumption – 3D Charts in Google Earth
Google Earth Blog - 2/26/2007 11:58:23 PM
World Oil Consumption by Country – height based on barrel of oil per day World Oil Consumption Per Capita by Country Here are some interesting notes on what he did to produce the “Per Capita” chart: I had to mess with this data a little bit to get it ...
The Hidden Effects of Cheap Oil
The Atlantic - 3/31/2015 2:35:57 PM
Meanwhile, some of the world’s largest sovereign-wealth funds—or state-owned investment vehicles—belong to oil-and-gas producing countries. The Norwegian fund, for example, owns about 1.3 percent of all global securities. A prolonged depression in ...
The Surprising Reasons Why Price Is No Object In Poorer Countries Thirsty For Oil
Forbes - 8/9/2012 7:48:51 PM
For developing countries, affordable energy can offer a pathway ... and aspires to higher standards of living. The average consumption of oil in the world—87 million bpd in 2010 (Source: 2011 BP Statistical Review of World Energy) divided by a global ...
The Impact of Global Oil Consumption: OECD vs. Non-OECD
Investment U - 1/27/2012 3:33:21 PM
The Organization for Economic Co-operation and Development (OECD), headquartered ... Energy Agency (IEA), tells all. Oil consumption from emerging market countries (have-nots) is just about to eclipse that of the old world (haves). Check it out: This ...
Saudi Influence On Oil Markets Slipping
Yahoo Finance - 3/30/2015 11:34:00 PM
On March 22, Saudi Oil Minister Ali al-Naimi said his country ... domestic oil consumption would double by 2025. As a result, Krane’s report said, Riyadh may become “less willing or able” to fine-tune its exports to keep the world oil market stable.
No change in fuel prices for April, GST for RON97
XIN MSN - 4/1/2015 1:41:40 AM
... last December after global oil prices slid to below US$60 a barrel as oil-producing countries kept production up despite a souring world economy that slowed consumption. Since December 1, the retail price of fuel has been set by a managed float method ...