Total daily oil consumption world
Sometime in the next few weeks, global oil consumption will reach 100 million barrels per day (bpd) - more than twice what it was 50 years ago - and it shows no immediate sign of falling. Worldwide consumption of crude oil is approximately 100 million barrels per day, There are many sources that will tell you how a barrel of oil is used but about 50% becomes gasoline for cars and 20% diesel fuel and another fraction fuel oil (heating and ships) and some jet fuel. So all told about 75–90% ends up as fuel. Over the past decade, oil demand has grown each year by 1.1 million BPD. Over the past five years, 1.4 million BPD. Last week the bible of energy statistics was released -- the BP Statistical Review of World Energy 2017 -- and it showed that oil consumption grew by 1.6 million BPD last year: World oil demand 1965-2016. According to the IEA the total world energy consumption in past years was 143,851 TWh in 2008, 133,602 TWh in 2005, 117,687 TWh in 2000, and 102,569 TWh in 1990. In 2012 approximately 22% of world energy was consumed in North America, 5% was consumed South and Central America,
Its initial output was about 50 barrels of oil per day and after more than 155 years of Total oil reserves are estimated to be around 1,800 to 2,200 billion barrels, with Between 1990 and 2000, annual oil consumption increased by 14% with
Their peak consumption was in 2007 at 2,173,000 barrels per day and had declined by 9.5 percent by 2014. Japan has been in the doldrums for almost two decades. Their oil consumption peaked in 1996 at 5,704,000 barrels per day. They recovered slightly in 2012 but dropped again in 2013 and 2014, Looking at the total consumption by decade, consumption has increased from almost 200 billion barrels in the ‘70s to nearly 350 billion barrels over the last decade. All told, from 1969 to 2018, a fifty-year span, the world has consumed 1.306 trillion barrels of oil. The United States of America is the top country by petroleum consumption in the world. As of December 2019, petroleum consumption in the United States of America was 21,039.9 thousand barrels per day. The top 5 countries also includes China, India, Japan, and Republic of Korea. The United States, the world’s biggest oil consuming country, consumed 18.5 million barrels of oil per day (mbd) in 2012, which accounted for nearly 20% of the world’s total oil consumption per day. For the purposes of the GFP ranking, oil consumption is applied as a penalty to each nation, the higher its consumption the worse effect on a theoretical war effort. Oil consumption can be offset by the oil production value and this is factored in along with a given nation's proven oil reserves. Data presented on this list is through 2018. Values are presented in bbl/day (Barrels Per Day).
World Crude Oil Production is at a current level of 81.38M, down from 81.89M last month and down from 82.73M one year ago. This is a change of -0.62% from last month and -1.63% from one year ago.
2 Oct 2018 Global oil consumption will reach 100 million barrels per day (bpd), more than Of the almost 100 million barrels of oil consumed daily, more than 60 expecting demand for transport to flatline from 2030 and overall use to Index measuring adequacy of global oil supply through real-time intelligence of Based on historical data on total crude oil consumption from the IEA, The EIU
3 Feb 2020 or 20 per cent of total consumption, as the coronavirus squeezes the economy. China is the world's largest oil importer, after surpassing the US in 2016, while sales of West African crude, a traditional source for Chinese
20 Aug 2019 Total estimated world oil consumption, from 1950 to 2018, then, is estimated at 1.457 trillion barrels. But what about before 1950? Unfortunately,
3 Feb 2020 or 20 per cent of total consumption, as the coronavirus squeezes the economy. China is the world's largest oil importer, after surpassing the US in 2016, while sales of West African crude, a traditional source for Chinese
World consumption has been on a steady rise for decades and neared 94 million barrels a day in 2014. The world keeps consuming more oil. That's not a surprise, but one unconventional look at the numbers gives you a better idea of the dramatic extent of the global demand. Interestingly enough, 2010 was also the time that Crude Oil prices plummeted because of supply and demand concerns. World Oil Consumption is at a current level of 99.84M, up from 98.41M one year ago. This is a change of 1.46% from one year ago. In 1950, total world oil production was 3.8 billion barrels—just over 10 million barrels per day. To compare this with current production rates, the US, Saudi Arabia, and Russia each produce more
Crude Oil Supply and Demand Analysis (for 2020 and 2030). 5.1 Crude oil production [The object is to minimize world total supply cost of petroleum products] 3 Feb 2020 or 20 per cent of total consumption, as the coronavirus squeezes the economy. China is the world's largest oil importer, after surpassing the US in 2016, while sales of West African crude, a traditional source for Chinese a Includes crude oil and natural gas plant liquids. Domestic production, imports , exports, and U.S. petroleum consumption: World petroleum consumption: Ibid., International Energy Statistics, Total Petroleum Consumption, available at Refinery-wise Crude Throughput and Production of Petroleum Products. 39. III.4 World oil production, consumption and relative deficit/surplus in each country/ region. 164 Total manpower employed in oil & gas CPSEs (as on 31.03.2016).