23 Apr 2010 The average American still consumes about 10 times as much oil as The United States consumes more than 7 billion barrels of oil annually, Canada's share of global oil consumption may seem low in comparison to the US , of 1.5 million barrels of oil per day makes up 2.5% of the world's consumption. Further, the IEA's report forecasts that because many of us (both individuals 12 Feb 2020 LONDON (Bloomberg) - OPEC slashed forecasts for global oil demand Yet the proposal has so far met resistance from Russia, the group's most 570,000 barrels a day during the second quarter, when consumption slows 3 May 2014 DEFINITION: This entry is the total oil consumed in barrels per day (bbl/day). The discrepancy between the amount of oil produced and/or 19 Apr 2016 This is how much more oil the US uses per person than China and India Getty Images The US consumed over 20 barrels of oil a day per Here's a chart that shows US oil consumption compared to the rest of the world:. 30 Apr 2019 The United States accounted for 18% of global oil production in 2018. per day of production, Iran's contribution to global oil production isn't According to 2016 data, it accounted for 20% of the global oil consumption.
A new global oil production record was set in 2011 at 83.6 million barrels per day. This figure includes production of crude oil and natural gas liquids (NGLs), which are not indicated separately. (In the U.S., around 25% of NGLs end up as refinery inputs; most of the rest is petrochemical feedstock). Of the almost 100 million barrels of oil consumed daily, more than 60 million bpd goes for transport, and alternative fuel systems such as battery-powered electric cars still have little market share. 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. Just take the global oil and gas mergers and acquisitions in 2014, valued at $3.2 trillion. Even at current lowered crude prices of $63 per barrel, the 1.7 trillion proven reserves alone have a value of $107 trillion - versus a global real GDP of $72 trillion.
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. World consumption has been on a steady rise for decades and neared 94 million barrels a day in 2014. So while the world may be using 100 million barrels per day right now, oil consumption, according to the EIA, is expected to grow by an average of 1.1 million barrels per day in 2019. In 2020, the growth is expected to be 1.4 million barrels per day. This is a list of countries by oil consumption. The total worldwide oil consumption was 93 million barrels per day (bbl/day) on average in 2015 according to the International Energy Agency (IEA). The US is the top consumer of oil in the world. About 9.6 million barrels of oil are consumed each day (not just for cars) in the US, so on average (divided by about 300,000,00) each person consumes about 0.0653 barrels per day. The world oil consumption per day is 91.7 million barrels as of May 2014. The U.S. is the largest oil consumer in the world, using up 18.83 million barrels a day. China uses 10% of the world’s oil.
3 Mar 2020 In 2019, the United States consumed an average of about 20.46 million barrels of petroleum per day, or a total of about 7.47 billion barrels of
Canada's share of global oil consumption may seem low in comparison to the US , of 1.5 million barrels of oil per day makes up 2.5% of the world's consumption. Further, the IEA's report forecasts that because many of us (both individuals 12 Feb 2020 LONDON (Bloomberg) - OPEC slashed forecasts for global oil demand Yet the proposal has so far met resistance from Russia, the group's most 570,000 barrels a day during the second quarter, when consumption slows 3 May 2014 DEFINITION: This entry is the total oil consumed in barrels per day (bbl/day). The discrepancy between the amount of oil produced and/or 19 Apr 2016 This is how much more oil the US uses per person than China and India Getty Images The US consumed over 20 barrels of oil a day per Here's a chart that shows US oil consumption compared to the rest of the world:. 30 Apr 2019 The United States accounted for 18% of global oil production in 2018. per day of production, Iran's contribution to global oil production isn't According to 2016 data, it accounted for 20% of the global oil consumption.