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, 2012
See also: Oil - consumption mapRelated News
Why Are OPEC Countries Abandoning Oil Consumption?
The Motley Fool - 5/17/2013 1:43:58 AM
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US boom transforming global oil trade
The Guardian - 5/15/2013 11:40:29 AM
Lower prices would force drillers to quickly pull back, or risk losing money. That would reduce supplies, and send prices back up. Analysts say that if prices fall below $70 per barrel for a sustained period, investment in the most expensive new projects ...
'Revolutions' Unfold Within Oil Industry
NPR News - 5/15/2013 8:20:03 AM
In the stodgy world of global oil, we don't hear the term revolution tossed around very often. But oil analysts are watching dramatic change take place on the supply side of the industry. Things like where the oil is coming from and who is ...
Fancy dipping your bread in some olive oil? Not anymore! EU vows to ban jugs and dipping bowls from restaurants to ‘protect customers’
Daily Mail - 5/18/2013 12:16:53 AM
They are a staple on restaurant tables across the country, but the EU has decided to ban olive oil jugs in order to ‘protect customers’. The controversial move means that customers will now only be able dip their bread or garnish their food ...
Oil transformed
Worcester Telegram & Gazette - 5/15/2013 12:30:35 PM
Saudi Arabia will continue to dominate production in the region. Other members of the Organization for Petroleum Exporting Countries, such as Venezuela and African nations, will struggle to keep up, because of political instability and difficulty ...
US oil boom changing market
iafrica.com - 5/15/2013 11:11:51 AM
That means the U.S. will be able to satisfy most of its own needs with domestic production and oil from neighbors - and that could have geopolitical implications. "It will affect relationships between countries. Most leaders believe they have to be nice to ...
Changes in oil production are transforming the global economy
Daily Oklahoman - 5/15/2013 2:22:08 AM
NEW YORK — The surge in oil production in the U.S. and Canada and shrinking oil consumption in the developed world is transforming the global oil market. The threat of chronic oil shortages is all but gone, U.S. dependence on Middle Eastern oil will ...
U.S. oil production jolts global market
Montgomery Advertiser - 5/18/2013 9:20:55 AM
NEW YORK — The surge in oil production in the U.S. and Canada and shrinking oil consumption in the developed world is transforming the global oil market. The threat of chronic oil shortages is all but gone, U.S. dependence on Middle Eastern ...
Champagne, strippers and just how shockingly easy it is for City sharks to pump up our petrol prices: Former broker reveals secrets of hard partying oil traders
Daily Mail - 5/17/2013 9:10:46 PM
Every major investment bank’s trading floor has a number of different ‘tribes’. There are the barrow-boy bond traders and the nerdy research analysts, the upper-crust equity salesmen and the derivatives ‘rocket scientists’. But at the ...
Oil changes
Register-Guard - 5/15/2013 6:04:03 AM
NEW YORK — The surge in oil production in the United States and Canada and shrinking oil consumption in the developed world ... organization based in Paris that serves 28 oil-importing countries, including the United States. The report does not address ...
U.S. boom in oil production is changing the world's energy future
Asbury Park Press - 5/15/2013 7:11:27 PM
The surge in oil production in the U.S. and Canada and shrinking oil consumption ... an energy security and research organization based in Paris that serves 28 oil-importing countries, including the U.S. The report does not address oil prices directly ...
Senators Urge Obama to Press Iran by Increased Sanctions
Bloomberg - 5/16/2013 3:32:32 AM
Representative Ed Royce, chairman of the House Foreign Affairs Committee, said at a hearing of his panel that sanctions must be tougher to make Iran stop development of nuclear technology. In the Senate, Menendez expressed concern that Iran may ...
UPDATE 1-Many countries badly mismanage oil, mining resources -study
CNBC - 5/15/2013 6:49:59 PM
WASHINGTON, May 15 (Reuters) - More than 80 percent of the world's major oil and gas-producing and mining countries fail to meet "satisfactory standards" for managing their natural resources, according to a report tracking global resource mismanagement and ...
U.S. production boom transforms global oil trade
Japan Times - 5/15/2013 3:00:55 PM
That means the U.S. will be able to satisfy most of its own needs with domestic production and oil from neighbors — and that could have geopolitical implications. “It will affect relationships between countries. Most leaders believe they have to be ...
Angola: Oil Minister Stresses Global Development Related to Energy
AllAfrica - 5/18/2013 8:02:11 AM
The Cabinet minister, who was speaking at the opening of the International Conference on Energy Efficiency and Sustainable Development, also said that this requires not only the balance between supply and demand for the product, but also, and increasingly ...
