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, 2014See also: Oil - consumption map
Oil Market Oscillations And The Big Picture
Seeking Alpha - 2/11/2016 10:57:29 AM
Since June 2014, the global oil markets have been on a wild ride ... we see in the slide below that consumption in the two countries is converging but still has a considerable gap to fill (left hand graphic). In the bottom right graph, the same data ...
IEA raises estimate of surplus oil supply on higher Opec output
Live Mint - 2/10/2016 11:05:49 AM
Photo: Reuters London: The global oil surplus ... of Petroleum Exporting Countries (Opec) members Iran and Iraq bolster production while demand growth slows, according to the International Energy Agency (IEA). Supply may exceed consumption by an average ...
The CEO of the largest Russian bank said the age of oil was over. He is sort of right.
The Huffington Post - 2/12/2016 2:35:13 AM
Both OPEC and IEA's predict in any scenario declining oil use in the OECD countries based on saturation ... is lowered further the oil consumption in the EU will decline even more. Inevitably, in a carbon-constrained world and globalised car industry ...
Emerging-market countries affecting global economies
Sun-Journal - 2/13/2016 5:04:21 AM
WASHINGTON — You cannot understand the vulnerable state of the U.S. and global ... oil company. China is striving to "rebalance" its economy — shifting "from industry to services, from exports to domestic markets, and from investment to consumption ...
The Impact of Global Oil Consumption: OECD vs. Non-OECD
Investment U - 1/27/2012 3:33:21 PM
Oil consumption from emerging market countries (have-nots) is just about to eclipse that of the old world (haves). Check it out: This is the only chart you need to look at to know that unless you have your own oil well in your backyard, you’re soon going ...
IEA Forecasts Global Glut Worsening In A World Already 'Awash With Oil'
Abruzzo Tv News - 2/11/2016 8:15:49 PM
It predicted the world will store unwanted oil for most of 2016 as declines in USA oil output take time. "There is rising US crude-oil inventory and no sign of discontinuing production from the Organization of Petroleum Exporting Countries", said Peter Lee ...
The Correlation Between Oil & Equities Is Not a Sign of Recession: Time To Start Buying
ETF Trends Setting The Pace - 2/12/2016 9:23:14 AM
The strong connection between oil prices and equity markets has been caused by forced liquidations from the sovereign wealth funds of the major oil-producing countries ... oil consumption occurring in the developed economies of the world.
Oil Futures Plummet After Venezuela And Saudi Arabia Fail to Reach a Deal
financialbuzz.com - 2/9/2016 11:52:57 PM
Iran has recently added to the glut in the oil market by preparing to export large amounts of oil ever since the United States lifted its sanctions and embargos on the country ... Even though the general global consumption of oil has risen, there doesn ...
Consumer companies' outperformance no longer guaranteed by cheap oil
Win 98.5 - 2/12/2016 5:15:41 PM
Maybe some people are doing more savings or spending money on other categories." With global oil consumption around 95 million barrels per day, the drop in prices from $115 per barrel in June 2014 to around $30 now has resulted in savings of about $8 ...
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 ...
OPEC expects rivals to pump out less oil in 2016
CNBC - 2/10/2016 12:17:24 PM
In fact, OPEC believes that global demand for oil would still be "broadly robust" in 2016 with countries outside the Organisation ... are expected to weigh on oil consumption in the region. However, this could be offset by expanding demand in major ...
World Transformer Oil Market Is Expected to Reach $3.4 Billion by 2020; Finds New Report
sbwire.com - 2/11/2016 4:48:14 PM
Market Research Reports, Inc. has announced the addition of “Global Transformer ... transformer oil market. Asia-Pacific is expected to maintain its dominance through 2020, due to increasing demand for electricity in densely populated countries such ...
UAE oil minister expects market supply to 'stabilise'
MENAFN - 2/12/2016 5:15:41 PM
"The market will oblige all (producers) not to reduce but to stabilise their output levels," Mazrouei, whose country ... in global oil prices and its will do it best.Furthermore, Germany will stabilize Iraq with ... Feb 13 2016 - Qatar's consumption ...
SEB: Nordic Outlook: Stronger global growth, but downside risks dominate - Swedish boom threatened by imbalances
Yahoo News - 2/9/2016 8:58:10 AM
The euro zone is benefiting from low interest rates, the decline in oil prices and a weak euro. Consumption ... in most countries at the end of our forecast period. "Secular stagnation" thesis increasingly pivotal in central bank discussions Global ...
Low Oil Prices Failing to Raise Demand, Impacting Global Economy, OPEC Says
NGI - 2/11/2016 9:48:53 PM
Persistently low crude oil prices haven't spurred rising demand for petroleum products and have begun to impact the global economy, the Organization of the Petroleum Exporting Countries (OPEC ... said the cartel. Oil consumption reached above 1.5 million ...