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
For Saudis, Falling Demand for Oil Is the Biggest Concern
Bloomberg - 1/26/2015 6:00:42 PM
As the world’s oil producers wring their hands over a global glut ... saving a continent’s worth of energy demand as developing countries add to global consumption, the IEA said in October. Consumption will shrink to 45.6 million barrels a day in ...
Who Will Rule the Oil Market?
New York Times - 1/22/2015 11:56:12 PM
One was the growing consumption in the developing world, led by China ... Prices would have spiked, countries seeking cheaper oil would have broken ranks — and Iran might not be at the nuclear negotiating table today. By the middle of last summer ...
Who Benefits The Most From Lower Oil Prices?
Seeking Alpha - 1/26/2015 2:01:29 AM
Countries benefiting the most will be those with little or no oil production of their own and relatively high oil consumption relative to their ... The best way to help the world's poor people may be to drill for oil in North Dakota and drive down the ...
Unfazed by glut, Saudis more concerned over falling oil demand
themalaymailonline.com - 1/26/2015 6:40:39 AM
Cheaper oil might also lead countries to back off from pledges to cut carbon ... Not everyone expects demand to taper off. World consumption will reach 104 million barrels a day in 2040, from 90 million barrels a day in 2013, the IEA estimated.
Beyond the Gas Pump: A New World Order for Oil
knowledge.wharton.upenn.edu - 1/22/2015 9:40:11 PM
Crude oil prices will ... and certain other countries for supporting Israel in the Arab-Israeli war, leading to the famously long lines of cars at American gas stations and double-digit inflation. Today, OPEC produces 40% of the world’s crude oil and ...
Cheaper oil fuels India’s strategic reserves push
Financial Express - 1/26/2015 10:04:05 PM
Strategic reserves are seen as vital for countries with high energy consumption levels and more so for India ... early on Friday and his brother Salman became king of the world’s top oil exporter. Brent crude futures were trading at $49.42 a barrel ...
Mena energy subsidies fall by $60bn
The National - 1/25/2015 7:20:37 PM
Gulf countries have taken small steps to reform subsidies ranging from diesel to gas as the price of oil has dropped by more than ... this month as part of efforts to rein in consumption. Qatar, the world’s biggest exporter of liquefied natural gas ...
10 Key Points about U.S. and World Oil Supply
Falls Church News-Press - 1/26/2015 2:25:57 PM
Rigs are slowly being laid down across the country ... consumption appear to have hit their first speedbump. Economic slowdowns and the price crash make it tougher for oil large companies to move ahead with 6+-year major investments to increase world ...
New Saudi king to focus economic policy on jobs as oil sags
Firstpost - 1/23/2015 10:57:45 PM
The world's top oil ... the risk of years of cheap oil ahead, no longer has the leeway to throw money at problems in the way it once did. John Sfakianakis, regional director of asset manager Ashmore in Riyadh, said the country could not endlessly keep ...
Who controls the power in oil market
The Straits Times - 1/25/2015 10:05:16 PM
One was the growing consumption in the developing world, led by China ... Prices would have spiked, countries seeking cheaper oil would have broken ranks - and Iran might not be at the nuclear negotiating table today. By the middle of last summer, however ...
Oil Demand Is Not Declining
Investing Daily - 1/23/2015 6:11:25 PM
... more expensive for many countries since oil is generally priced in dollars. There are elements of truth behind both reasons. There has indeed been reduced oil consumption in recent years in most developed regions of the world. It is also true that the ...
Weekly Crude Oil Review: Demand Concerns Could Keep Prices Capped
India Infoline Ltd - 1/23/2015 11:55:00 PM
China recorded its slowest annualGDP growth last year since 1990 after the world’s second biggest economy expanded by7.3% in the fourth quarter, pushing full-year growth down to 7.4%. The country willaccount for 11% of global oil consumption this year ...
Ghana: Falling Crude Oil Prices Globally - the Main Triggers
AllAfrica - 1/21/2015 11:57:23 PM
China is taking the advantage of plummeting prices to pile up stock for future consumption. Organisation of Petroleum Exporting Countries (OPEC) which controls 40 per cent of world oil exports always regulate its production levels to control the oil prices ...
For Saudis, falling oil demand remains big concern
BORNEO POST online - 1/26/2015 5:17:45 PM
NEW YORK: As the world’s oil producers wring their hands over a global ... saving a continent’s worth of energy demand as developing countries add to global consumption, the IEA said in October. Consumption will shrink to 45.6 million barrels a day ...
In A World of Cheap Oil, Europe Looks Good
ETF Daily News - 1/21/2015 11:57:23 PM
Have you ever wondered how billionaires continue to get RICHER, while the rest of the world is struggling ... compared to their consumption, while Malaysia is a loser, the big losers being in the Middle East and the oil producing countries of Africa.