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
How cheap oil will affect the global economy
The Business Insider - 8/28/2015 7:59:08 PM
An important corollary for commodity-producing developing countries is that ... want to understand falling oil prices, forget about Chinese consumption and focus on Middle East production. And if you want to understand the world economy, forget about ...
GCC countries 'must prioritise efficient energy use'
Trade Arabia - 9/2/2015 7:57:22 AM
In the context of sustained lower oil prices ... Kuwait and Qatar are among the world’s top nations in terms of desalination capacity. With water consumption rates in the region continuing to swell, many of the GCC countries are considering how to ...
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 ...
The Impact of Global Oil Consumption: OECD vs. Non-OECD
Investment U - 1/27/2012 3:33:21 PM
The Organization for Economic Co-operation and Development (OECD), headquartered ... Energy Agency (IEA), tells all. Oil consumption from emerging market countries (have-nots) is just about to eclipse that of the old world (haves). Check it out: This ...
Volatile Oil Markets Hitting Canada Hard
Energy and Capital - 9/2/2015 6:41:37 PM
Canada has officially entered a recession, driven largely by the harsh global oil market. While the country has business ties to the ... Ongoing oil demand and consumption is expected to boost oil extraction expansion and investment, which will, given ...
World’s top oil trader Vitol sees price stuck at $40-$60 to 2016
Businessday - 9/2/2015 11:27:57 PM
The forecast, if realized, would mean oil-producing countries and the energy industry would need ... said oil demand growth was the only bullish factor in the market. Global daily consumption will increase this year and next by about 1.5 million barrels ...
How badly will Singapore be hurt by the new shipping regulations?
Yahoo Singapore Finance - 9/3/2015 6:51:46 AM
They expect residual fuel oil to retain its dominant share of refined fuels consumption in Singapore up to 2024 due to the country's position as one of the world's busiest ports. However, new shipping regulations will see a slight shift in consumption away ...
Global Demand Picture For Natural Gas Looks Increasingly Sour
Inside Futures - 9/1/2015 4:26:48 PM
The first and most obvious victim of the nosediving oil prices has ... even while total gas consumption would increase by more than 70 percent in the same period. Lower demand for LNG from second-largest economy in the world means that the gas glut could ...
World Bank aims for global deal to stop oil well flaring
CNBC - 8/20/2015 11:54:42 AM
or about 4 per cent of world production, are burnt off by the oil industry in flares. The electricity that could be generated using that gas would exceed Africa's entire power consumption today. Many large oil-producing countries, including Russia ...
Global crude oil price crash increases India's import dependence
Economic Times - 8/24/2015 4:47:37 AM
Cheaper imports not only boost local consumption but also dissuade oil companies from investing in raising domestic production. In March, Prime Minister Narendra Modi had laid a road map for the local industry to cut the country's import dependence by 10% ...
Will Oil Cause the Next Recession?
bloombergview.com - 9/2/2015 1:59:28 AM
That includes the U.S., where -- despite a surge in domestic production -- imports still account for nearly 50 percent of petroleum consumption. The net oil-importing countries of western ... 34 largest economies in the world have seen year-over-year ...
Govt to auction 69 oil, gas fields under revenue-sharing model
Live Mint - 9/2/2015 7:10:15 PM
India, the world’s fourth largest energy-consuming country, imports 80% of its crude oil and 25% of its natural gas requirements. The country trails the US, China and Russia, accounting for 4.5% of global energy consumption.
Global Oil Consumption Report: What Countries Have Increased or Decreased Oil Usage Since 2009?
Howe Street - 12/6/2014 4:06:24 AM
Reader David Epperson sent in some interesting charts on global oil usage that he produced from U.S. Energy Information Administration (EIA) data. The data is through the end of 2013. I was curious how much oil consumption had declined over the last few ...
Iran Oil Production at Highest Level in 3 Years
businessweekme.com - 9/1/2015 5:42:33 AM
Output by the Organization of Petroleum Exporting Countries rose 108,000 barrels to 32.316 million ... Brent crude, the benchmark for more than half the world’s oil, moved into a bull market today after OPEC said in a monthly publication it’s willing ...
OPEC Sees Lower Demand for Its Oil Despite Higher Global Consumption
Wall Street Journal - 7/13/2015 10:38:04 AM
The Organization of the Petroleum Exporting Countries said Monday it ... barrels a day as supplies from shale oil from North America and other regions falter and consumption from China and the developing world increases. Supply of oil from non-OPEC ...