How much oil is used globally per day
21 Oct 2019 Global demand for crude oil (including biofuels) in 2018 amounted to 99.3 million barrels per day and is projected to increase to 101.6 million barrels per day in 2020. When compared to the daily oil demand of 86.4 million 20 Aug 2019 The Energy Information Administration (EIA) estimates that the world consumed 96.92 million barrels per day in 2016, Saudi Arabia and Russia, who are two of the three top oil producers in the world, rank #5 and #6 when it 20 Sep 2018 Sometime in the next few weeks, global oil consumption will reach 100 million barrels per day (bpd) - more Much of the remaining oil is used to make plastics by a petrochemicals industry that has few alternative feedstocks. As of early 2015, the IEA Oil Market Report forecast average demand for the year of more than 93 million barrels of oil and liquid fuels per day worldwide – that works out to more than 34 billion barrels a year – with January 2015 production 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 petroleum products. Learn more: Monthly Energy Review—Petroleum, Table 3.1: The 10 largest oil1 producers and share of total world oil production2 in 20183. Country, Million barrels per day, Share of world total. United States How much coal, natural gas, or petroleum is used to generate a kilowatthour of electricity? Oil Consumption. 12,791,553, 2nd in the world. Daily Deficit. -7,886,482. Oil Imports. 7,620,760. Oil Exports. 58,812 China consumes 0.38 gallons of oil per capita every day (based on the 2016 population of 1,414,049,351 people), or 139
22 May 2019 Unlike every other natural resource, oil is the lifeblood of the global economy. The world derives Often, due in large part to oil production, many of these places rank among the most productive countries in the world. Libya is the only country on this list that produces less than a million barrels of oil per day on average. We also used information from the U.S. Energy Information Administration (EIA) and MIT Media Lab's The Observatory of Economic Complexity.
It is the third largest energy user. Russia produced an average of 10.83 million barrels (1,722,000 m 3) of oil per day in December 2015.It produces 12% of the world's oil and has a similar share of global oil exports. Oil production is offset by the oil consumption value and this is factored in along with a given nation's proven oil reserves. Data presented on this list is through 2019. Values are presented in bbl/day (Barrels Per Day). Estimates are made when official data is not available. U.S. share of global oil production dropped from 24% in 1970 to 9% in 2011; Quality of oil produced today is lower than it used to be; World Oil Production Facts and Figures. The first graphic shows the growth in oil production from 1965 to 2011. A new global oil production record was set in 2011 at 83.6 million barrels per day. Oil is one of the earth's most valuable non-renewable resources, and these types of resources are named so because they are--well, non-renewable. Here's how much of the black gold we have left.
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
Oil Consumption. 12,791,553, 2nd in the world. Daily Deficit. -7,886,482. Oil Imports. 7,620,760. Oil Exports. 58,812 China consumes 0.38 gallons of oil per capita every day (based on the 2016 population of 1,414,049,351 people), or 139 Terajoules of energy used. Globally this year The world oil consumption per day is 91.7 million barrels as of May 2014. The U.S. is the oil consumer. The global oil demand is expected to increase by 1.3 million barrels a day by late 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 imported and the amount consumed and/or exported is due to the omission of stock changes, refinery
Japan's Oil Consumption was reported at 3853.562 Barrel/Day th in Dec 2018. This records a decrease from the previous number of 3975.373 Barrel/Day th for Dec 2017. Japan's Oil Consumption data is updated yearly, averaging 4826.818
Terajoules of energy used. Globally this year The world oil consumption per day is 91.7 million barrels as of May 2014. The U.S. is the oil consumer. The global oil demand is expected to increase by 1.3 million barrels a day by late 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 imported and the amount consumed and/or exported is due to the omission of stock changes, refinery In 2017, the United States consumed a total of 7.28 billion barrels of petroleum products, an average of about 19.96 million barrels per day. 1 EIA uses product supplied as a proxy for U.S. petroleum consumption. Product supplied measures the 4 Mar 2020 Oil producers are facing the biggest drop in demand for their product ever as the coronavirus spreads around the IHS Markit expects global demand to drop by 3.8 million barrels per day in the first quarter compared to 2019. 15 Nov 2019 Global oil demand in the third quarter of 2019 grew by 1.1 million barrels a day, more than double the report projected a year-on-year acceleration in global growth of 1.9 million barrels per day for the final quarter of 2019. Fossil fuels (coal, oil, gas) have, and continue to, play a dominant role in global energy systems. Fossil fuel production and consumption began with coal – its first reported uses date as far back as 4000BC in China where carving Fossil fuels are consumed for energy supply in a number of ways, including transport, heat and electricity production. The chart shows the crude oil price (measured in 2015 US$ per barrel) versus global oil consumption, measured in barrels per day.
Global demand for crude oil (including biofuels) in 2018 amounted to 99.3 million barrels per day and is projected to increase to 101.6 million barrels per day in 2020.
26 Jul 2017 Shifting to plug-in cars wouldn't be enough to max out global oil consumption by 2040. Many experts expect a sharper decline in the years ahead as the shift toward electric vehicles spreads across the world. cause the global oil market, which has grown on average by 1 to 2 percent a year for decades and now totals 96 million barrels per day, to decline after hitting a ceiling. Besides, passenger vehicles consume only about 26 percent of the oil used worldwide. 19 Mar 2019 Electric vehicles are taking ever-bigger bites out of global oil demand, but they haven't yet caught up with the growing size of the pie. Gasoline and diesel displacement by electric vehicles will grow by 96,000 barrels a day this
Click Here for 150+ Global Oil Prices : To the commenters who are in denial about reality. 100,000,000 bbl of Crude oil is used per day. The math you are doing is hilarious, 2014 prices drove Global oil consumption will reach 100 million barrels per day (bpd), more than twice what it was 50 years ago, in the next few weeks and it shows no immediate sign of falling. Despite overwhelming 25,739,700,000 lbs or 11,699,863,636 kg is the weight of the oil extracted from the ground each day!! 26 billion pounds! Equal to 145 million megawatts of power or 224,960,073 man years of labor. * That works out to 9,401,425,425,000 lbs or 4,273,