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
Top 10 countries in the world by oil consumption
explorationworld.com - 5/21/2015 12:35:12 AM
Anyone reading this article probably already know that the world uses a staggering amount of oil. Our thirst for petroleum and its various derivatives is constant. Every day, huge amounts of plastics are used in manufacturing while massive quantities of ...
Africa - Next Major Oil Importer
Seeking Alpha - 5/20/2015 2:48:14 PM
Why would countries export oil when there is internal demand for it ... electricity - from a worldwide perspective it represents just a few percent of the world's consumption. However, Africa is growing quickly and struggling to provide oil to its people.
Global Oil Industry Overview: Benchmarks and Assessments
PennEnergy - 5/15/2015 5:10:10 PM
consistently have high rates of oil consumption compared to other countries. In September 2013, China became the world’s largest importer of crude oil, eclipsing the United States (EIA STEO). With China’s growing transportation sector, the country’s ...
How do you lose 100 million barrels of oil? Kemp
Reuters - 5/20/2015 2:12:26 PM
China, now the world's second-largest oil consumer, presents a particular ... releases no data on how much crude is held at sites around the country and virtually no information on production, consumption or stocks. Analysts rely on data for refining ...
U.S. drivers yield 'swing' oil demand crown to Saudis
Win 98.5 - 5/22/2015 1:24:08 AM
NEW YORK (Reuters) - As the United States raced over the past five years toward becoming a global petroleum powerhouse, the world's biggest oil exporter ... Saudi Arabia's winter-to-summer "swing" in oil consumption has eclipsed that of the United States ...
Malaysia: First World By 2020?
The Diplomat - 5/18/2015 12:41:45 PM
currently the world’s 35th largest, would expand by 4.8 percent this year and by 4.9 percent in 2016, down from the 6 percent growth recorded in 2014, hit by falling prices of commodities such as natural gas and palm oil and the new consumption tax.
China: World’s Largest Energy Consumer and Greenhouse Gas Emitter
Right Side News - 5/22/2015 6:17:37 AM
China needs energy to support its economic growth and to improve the life of its citizens, so it invests in energy-producing countries and makes ... Despite China having the world’s third largest shale oil resources in the world, it does not produce ...
Boston was just named the top city in the country for saving energy. Here’s why
Washington Post - 5/19/2015 11:53:27 PM
Using less energy can save communities money and help conserve resources such as oil and natural gas ... 80 percent of U.S. energy consumption occurs in cities. With so many people migrating to the world’s urban centers, cities have a growing ...
Understanding Oil and Gas Economics
Zawya - 5/19/2015 8:44:21 AM
Given the problems in its oilfields, nuclear power may have an important role in restricting the consumption of hydrocarbons ... such as global investments, the world oil industry and the economies of the oil-producing countries, would be undermined.
OPEC’s crude oil demand to reach 111 million bpd by 2040
The Guardian - Nigeria - 5/15/2015 3:26:58 AM
Developed countries are reducing their oil consumption due to increasing fuel efficiency ... Our forecast in the 2014 OPEC World Oil Outlook sees 3.8 million barrels of tight crude per day coming from fracking. Similarly, unconventional natural gas ...
Russian Olive Oil Imports Slip
Olive Oil Times - 5/12/2015 5:49:31 PM
When it comes to olive oil usage among the big Asian countries, Russians consumption seems practically Greek when ... olive oil imports in the world’s most populous country have been sharply lower. The IOC also reported that the price for Italian olive ...
Ghana’s falling oil prices: Who are the winners and losers?
Spy Ghana - 5/19/2015 9:55:56 AM
From 2010 until mid-2014, world oil prices had been fairly stable ... “we expect to see economic growth in oil importing countries to remain solid, driven by investment in infrastructure and strong consumption.” The fall in crude oil prices from ...
Global oil market: The battle has just begun
The Vancouver Sun - 5/13/2015 3:29:20 AM
Gulf-based members of the Organization of Petroleum Exporting Countries are boosting supplies as they ... by 50,000 barrels a day. World oil consumption will rise by 1.1 million barrels a day this year, or 1.2 percent, to average 93.6 million a day ...
Sunflower oil world output to reach 60 million tons towards 2050
MENAFN - 5/20/2015 1:58:07 PM
Thus, KSA and UAE shared about 88.6% of the total vegetable and animal oils and fats design capacity in GCC countries ... the future growth of the sunflower oil market's share towards the total oil world output and consumption. "Despite all challenges ...
Saudi Arabia and the Shifting Geoeconomics of Oil
Carnegie Endowment For International Peace - 5/21/2015 4:12:57 PM
ConocoPhilips followed suit, while Schlumberger, the world’s largest ... a risky scenario for a country with limited capacity to weather such a storm. And it would help offset Saudi Arabia’s growing domestic oil consumption, which threatens to ...