World oil demand 97 million barrels per day by 2020. Indias oil consumption to be fastest in world by 2035. They recovered slightly in 2012 but dropped again in 20 and 2014, reaching a low of 4,297,000 barrels per day in 2014. Thats not a surprise, but one unconventional look at the numbers gives you a better idea of the dramatic extent of the global demand. World on the edge energy data oil world oil production, 1950. Following the pattern of the gdp forecast, the sharpest consumption declines are in the second quarter, when eia forecasts a yearoveryear decline in liquid fuels consumption of 18. This chart shows current oil consumption per capita in the world.
On this basis, 600900 grams of cooking oil can be consumed by a person per month. The total worldwide oil consumption was 93 million barrels per day bblday on average in 2015 according to the international energy agency iea. In 1999 almanac edition of the defense logistic agencys news magazine dimensions it was stated that the desc purchases more light refined petroleum product than. Peak oil demand is millions of barrels away forbes. It will be published on the same day as our annual fiveyear outlook. Refined petroleum products consumption is the countrys total consumption of refined petroleum products, in barrels per day bbl day. Those figures dont look off the charts at all, when one considers the fresh rules that are being rolled out each day, ever closer to the draconian measures china took, which, at its peak. More recent studies, however, put the number at around 50 years. Print world book day 23042018 in 2016, households in the european union eu spent over 90 billion or 1. Oil consumption per person per month should be less than 500ml. Quitting smoking can cut your risk of dying from cancer related to smoking and slash your risk of stroke. Try to keep the oil consumption of the entire family of 3 between 1500 ml per month. Which means total assumed annual world oil consumption of 2017 will be 35,937,900,000 barrels which is approx. Refined petroleum products consumption is the countrys total consumption of refined petroleum products, in barrels per day bblday.
The total world consumption of crude oil in 1996 was 71. In 2010 the world consumed a staggering 12 million tonnes of oil daily, which is roughly equivalent to 14 billion litres of oil every day. Thats not a real surprise, but one unconventional look at the numbers gives you a better idea of the dramatic extent of the global demand. Oil production is offset by the oil consumption value and this is factored in along with a given nations proven oil reserves. I hate to say it, but any notion of imminent energy transition or decarbonization is folly. This waterfall represents the amount of oil we use every. 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 to. At the same time, the worlds oil production capacity is expected to rise by 5. Like the majority of natural resources, production and consumption geographical patterns of oil differ significantly. January 3, 2016 as a rule, most engines with fewer than 50,000 miles shouldnt use much more than a quart of oil between oil changes.
One way of establishing the importance of oil in the modern world is simply to look at the numbers. Eia forecasts global liquid fuels consumption will average 92. 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. How much cooking oil should a middle class indian family of three adults consume in a month. The iea oil market report omr is one of the worlds most authoritative and timely.
Fuel consumption in saudi arabia jumped in 625,000 barrels per day in april, contrary to the global trend of declining fuel oil demand. The world crude oil production measures the number of barrels. The surprising decline in us petroleum consumption world. A full listing of data for the entire book is online at. Oil fuels an estimated 95% of the worlds transport. In 2018, global primary energy consumption grew rapidly, led by natural gas and. Within a year, world oil consumption will top 100 million barrels of oil per day. This metric tends to trend upwards except for a small dip in the 1980s and 2010. Opec exports peaked, so far, in 2012 at 25,068,000 barrels per day. Up by 20 million barrels per day since 1998, global oil consumption has been steadily increasing over the. The united states and its partners continue to face a growing number of global threats and challenges. Oil consumption measurement is of increasing importance since it is considered to be an important component in the production of engine exhaust emissions and in particulates, but it is one of the most difficult measurements associated with engine testing within the test cell. Growth in oil supply next year is expected to outpace an anticipated pickup in demand that will push global consumption above 100 million barrels per day bpd for the first time, the. How to live longer is a question everyone wants to know the answer to as they get older.
The outlook for longterm demand estimates that the total global demand for oil will amount to nearly 140 million barrels per day in the year 2040. World consumption has been on a steady rise for decades and neared 94 million barrels a day in 2014. World oil consumption in 2017 according to statistics from us energy information administration, total world consumption for 2017 will be 98. The oil drum world energy consumption since 1820 in charts. The us military is the biggest purchaser of oil in the world. The cias mission includes collecting and analyzing information about high priority national security issues such as international terrorism, the proliferation of weapons of mass destruction, cyber attacks, international organized crime and narcotics trafficking, regional conflicts. Saudi fuel oil demand jumps while global consumption drops. The total for africa should have been 4,651,000 barrels a day, and for the middle east, 12,584,000 barrels a day. Since mid1990s, the amount of chinas oil consumption and total import have mounted substantially, and now it has surpassed the united states and become the worlds largest oil importer, but recently the growth rate in oil consumption and import has significantly declined. Oil consumption can be offset by the oil production value and this is factored in along with a given nations proven oil reserves.
Year by year per capita energy consumption, based on bp statistical data, converted to joules. According to the 2008 world fact book, the world currently consumes about 85,270,000 barrels of oil per day. First chart represents production while second chart represents consumption. Global demand for crude oil including biofuels in 2019 amounted to 100. This chart shows current oil consumption in the world. In 2017, the us oil consumption was 9 million tons of oil equivalent 19. Their oil consumption peaked in 1996 at 5,704,000 barrels per day.
Global oil demand will pass 100 million barrels per day by. As per rda, oil intake must be 2030 grams per day per person. Oil global consumption in barrels per day 2018 statista. Moreover, the difference between the actual and projected consumption in 2014 6. The biggest oil traders in the world are predicting a demand contraction of between 4 million to 10 million barrels per day between now and april end. World crude oil exports peaked in 2007 and now stand 42,297,000 bpd and in 20 stood 2,467,000 bpd below that point. Indias oil consumption will be fastest among all major. Eia estimates that crude oil production from the organization of the petroleum exporting countries opec averaged 28. Over the same time period, close to 100 million new pistonfiring vehicles will be bought by petroleumthirsty customers. What is the total world consumption of crude oil answers. What is the healthy quantity of cooking oil usage per. Opec estimates that total world oil consumption could reach. Worldwide oil consumption reached approximately 99. Up by 20 million barrels per day since 1998, global oil.
World crude oil exports in 20 were 2,467,000 barrels per day below peak and at the lowest point in 10 years. In 2018, the united states consumed an average of about 20. This figure is far above the oil producing groups forecast for. Refined petroleum products consumption the world factbook. Estimates are made when official data is not available. Iaea marks world book day with three most popular publications. Global oil demand to decline in 2020 as coronavirus weighs heavily. Oil production by country 2020 2020 world military. We expect global oil demand to surpass 100 million barrels per day by 2020, barkindo told the audience of oil industry leaders. World crude oil production and consumption, 19652016. The international energy agency iea believes the 86 million threshold could be crossed this year. Covid 19 could push oil consumption back by a decade. Oil supply seen outpacing consumption in 2018, demand to.
Figure 10 shows that world per capita energy consumption was increasing until the late 70s, hitting a peak in 1977. Figure 10 below shows world per capita energy consumption on a yearbyyear basis, similar to figure 7. By the way, 144 million barrels makes 395 000 barrels per day, almost as much as daily energy consumption of greece. World crude oil production is at a current level of 82. Consumption is currently around 84 million barrels.