 |
Global oil usage ‘likely to top 100 mbpd in 2018’Average global consumption was 93.6 million barrels per day (b/d) in 2014, and is likely to increase to 100.1 million b/d in 2018 and 101.8 million b/d in 2019, said a report. The optimal level of inventories to meet surge in dema More… |
 |
Oil consumption seen growing at less than 1pcThe world economy will increase oil consumption by slightly less than 1 per cent within the next 15-20 years, said a senior Russian government official. "Oil consumption will grow in the next couple of decades, but at a slowe More… |
 |
Saudi Arabia's oil usage tops economic growthSaudi Arabia’s annual rate of energy consumption has grown to an average of 3.8 million oil barrels per day, marking an increase of more than 5 per cent while the economic growth rate reached 4 per cent, a report said. The r More… |
 |
ME oil consumption up 4.4pcMiddle East oil consumption showed above average growth of 4.4 per cent during 2007 as regional and global production fell for the first time since 2002, according to the recently released 2008 'BP Statistical Review of World Energy.' The More… |
 |
G8 ministers look to cut oil consumptionGroup of Eight energy ministers on Sunday looked inward for solutions to oil's unrelenting rally, touting the need for domestic efficiency rather than piling pressure on a resistant Opec to pump more crude. Oil prices roared more than $10 More… |
