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
Agricultural Stock Outlook Improves on Oil Price Decline
ZACKS - 12/18/2014 5:35:22 PM
Oil comprises nearly 40% of the global energy consumption ... Sector Fiscal authorities of several countries are highly concerned about food price inflation. A research study conducted by The World Bank revealed that in 2011, worldwide food prices had ...
World Sets New Oil Production and Consumption Records
Energy Trends Insider - 7/9/2014 11:53:36 PM
Last month BP (NYSE: BP) released the Statistical Review of World Energy 2014. This report is one of the most comprehensive sources of global and country level statistics on production and consumption of oil, natural gas, coal, nuclear power and renewables.
World Oil Demand Outlook Cut Again as Sub-$60 Price Seen Holding
Bloomberg - 12/12/2014 9:21:24 AM
World oil consumption will expand by 230,000 barrels a day less than ... for the amount of crude needed next year from the Organization of Petroleum Exporting Countries by 300,000 barrels a day. The group will need to pump an average of 28.9 million ...
Opec: World energy watchdog IEA cuts oil demand forecast
Daily Telegraph - 12/12/2014 9:35:43 AM
Under its charter, all IEA countries which are net oil importers must ... against any sudden disruptions to world energy markets. According to the IEA, its members now hold in storage about 44 days of total global consumption.
Saudi Arabia holds the key to the global crude oil market
Yahoo Finance - 12/18/2014 8:12:51 PM
The countries are mainly located in Africa and the Middle East. Venezuela and Ecuador are the exceptions. OPEC accounts for ~35% of the world’s crude ... significant impact on crude oil prices. In contrast, crude oil consumption is spread across the ...
Why oil prices keep falling — and throwing the world into turmoil
Vox - 12/16/2014 4:33:19 PM
The plummeting price of oil is the biggest energy story in the world right now. It's bringing back cheap ... around $100 per barrel since 2010 — because of soaring oil consumption in countries like China and conflicts in key oil nations like Libya.
Dubai investing Dh50 billion to reduce energy consumption
The National - 12/18/2014 5:13:53 PM
Dubai plans to spend Dh50 billion by 2030 to help slash energy consumption by 30 per cent through new ventures such as solar energy, a top utility official said yesterday. Although the UAE sits on more than 8 per cent of the world’s proven oil reserves ...
International Energy Agency predicts oil demand slowdown
Market Realist - 12/18/2014 4:38:06 PM
In 2015, non-Organization of the Petroleum Exporting Countries (or non-OPEC ... 0.96 MMbpd in 2014 from 2013 and further by 0.88 MMbpd in 2015. In 2013, total world crude oil consumption was 90.45 MMbpd. According to the IEA, crude oil demand will increase ...
World Bank cuts 2015 Malaysia GDP forecast
eaglefordtexas.com - 12/18/2014 4:38:06 PM
“It is still a robust and strong growth for an advanced middle-income economy,” Ulrich Zachau, World Bank’s country ... Investment in oil and gas was also expected to slow in 2015 amid declining global oil prices, while private consumption in ...
The Surprising Reasons Why Price Is No Object In Poorer Countries Thirsty For Oil
Forbes - 8/9/2012 7:48:51 PM
In poorer countries, where per capita oil consumption is only ... 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 ...
IEA cuts global oil demand forecast for 4th time in five months
Businessday - 12/14/2014 11:38:01 PM
“Now those countries are affected very adversely ... about 1.4 million less than its 12 members produced in November. World oil consumption will increase by 900,000 barrels a day, or 1 percent, next year to average 93.3 million barrels a day, according ...
Russia may ‘automatically’ cut oil output – energy minister
RT - 12/16/2014 12:08:27 PM
"Russia does not increase the supply of oil in the world market ... At the same time exports decreased due to growing domestic consumption," said Novak. The minister believes individual countries can no longer affect the global oil market.
Malaysia's growth to slow as oil falls: World Bank
Market Watch - 12/17/2014 12:21:35 PM
"Investment in oil and gas will slow and private consumption ... the bank said. The World Bank's latest projection is below the government's growth forecast of between 5% and 6% for next year. The bank also forecast the country's current-account surplus ...
Expect Lower Oil Prices For Much Longer: It's All About Demographics!
Seeking Alpha - 12/16/2014 1:34:21 PM
Although global economic growth has not been stellar, there's no question that the world's largest ... But a secular shift in oil consumption may impose a ceiling on the industry's rebound potential. The consumption of richer countries will not bounce ...
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 ...