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2014-02-11 19:00:00

GLOBAL PETROLEUM CONSUMPTION

GLOBAL PETROLEUM CONSUMPTION

EIA estimates that global consumption grew by 1.2 million bbl/d in 2013, exceeding 91 million bbl/d by the second half of the year. EIA expects global consumption to grow at a similar pace of nearly 1.3 million bbl/d in 2014 and 1.4 million bbl/d in 2015, exceeding 93 million bbl/d by the second half of 2015.

Non-OECD countries account for almost all consumption growth over the forecast period. China is the leading contributor to projected global consumption growth, with consumption increasing by 400,000 bbl/d in 2014 and 430,000 bbl/d in 2015. However, China's economic and oil consumption growth have moderated compared with levels before 2012, when GDP growth exceeded 9% and annual oil consumption growth averaged 790,000 bbl/d from 2009 through 2011.

On the other hand,…

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Tags: GLOBAL, PETROLEUM, CONSUMPTION
Chronicle:
GLOBAL PETROLEUM CONSUMPTION
2019, August, 19, 11:20:00
CHINA'S GREEN INVESTMENT $1 BLN
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GLOBAL PETROLEUM CONSUMPTION
2019, August, 19, 11:15:00
U.S. RIGS UP 1 TO 935
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GLOBAL PETROLEUM CONSUMPTION
2019, August, 16, 10:50:00
OIL PRICE: NEAR $59
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GLOBAL PETROLEUM CONSUMPTION
2019, August, 16, 10:35:00
U.S., RUSSIA SANCTIONS AGAIN
The US is set to impose sanctions on Rosneft if it continues to trade crude oil and fuel with Venezuela's PDVSA in exchange for debt repayments and stakes in joint venture projects in the South American nation,
GLOBAL PETROLEUM CONSUMPTION
2019, August, 16, 10:30:00
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GLOBAL PETROLEUM CONSUMPTION
2019, August, 16, 10:25:00
U.S. GAS PRODUCTION UP
U.S. natural gas production continued to increase in August despite relatively low natural gas spot prices
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2019, August, 16, 10:20:00
U.S. OIL INVENTORIES 440.5 BBL
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