Search results
United States Oil Consumption was reported at 18,983.557 Barrel/Day th in Dec 2023. This records an increase from the previous number of 18,862.210 Barrel/Day th for Dec 2022. US Oil Consumption data is updated yearly, averaging 17,634.400 Barrel/Day th from Dec 1965 to 2023, with 59 observations.
- Natural Gas Consumption
Natural Gas Consumption: Consumers data was reported at...
- Energy Consumption
The data reached an all-time high of 780.754 BTU tn in Jan...
- Agricultural Production and Consumption
The FAO allocates production data to the calendar year in...
- Coal Consumption
The data reached an all-time high of 17.000 Short Ton th in...
- PCE
United States IPD: PCE: Services data was reported at...
- Veterinarians
United States GDP: PCE: SE: RC: Others: Mis: Veterinarians...
- Natural Gas Consumption
- World oil demand is set to contract by 110 kb/d y-o-y in 4Q22, reaching 100.8 mb/d, up by 130 kb/d compared with last month’s Report. Strong gasoil use in key consuming countries outweighs weak European and Asian petrochemical deliveries.
- World oil supply fell 190 kb/d in November to 101.7 mb/d, breaking a five-month uptrend, after Saudi Arabia and other Gulf countries curbed supply in line with lower OPEC+ output targets.
- Global refinery throughputs surged 2.2 mb/d in November to the highest since January 2020, resulting in sharply lower diesel and gasoline cracks and refinery margins.
- Russian oil exports increased by 270 kb/d to 8.1 mb/d, the highest since April as diesel exports rose by 300 kb/d to 1.1 mb/d. Crude oil loadings were largely unchanged m-o-m, even as shipments to the EU fell by 430 kb/d to 1.1 mb/d.
Apr 12, 2024 · Oil demand growing at a slower pace as post-Covid rebound runs its course Related charts Renewable fuel consumption by fuel, main case and Net Zero Scenario, 2023-2030
- World oil demand growth is forecast to slow to 1.9 mb/d in 2Q22 from 4.4 mb/d in 1Q22 and is now projected to ease to 490 kb/d on average in the second half of the year on a more tempered economic expansion and higher prices.
- Russia shut in nearly 1 mb/d in April, driving down world oil supply by 710 kb/d to 98.1 mb/d. Over time, steadily rising volumes from Middle East OPEC+ and the US along with a slowdown in demand growth is expected to fend off an acute supply deficit amid a worsening Russian supply disruption.
- Global refinery margins have surged to extraordinarily high levels due to depleted product inventories and constrained refinery activity. Throughputs in April fell 1.4 mb/d to 78 mb/d, the lowest since May 2021, largely driven by China.
- Global observed oil inventories declined by a further 45 mb during March and are now a total 1.2 billion barrels lower since June 2020. In the OECD, the release of 24.7 mb of government stocks during March halted the precipitous decline in industry inventories.
Feb 16, 2022 · In the February STEO, we forecast that U.S. crude oil production will increase to 12.0 million b/d in 2022, up 760,000 b/d from 2021. We forecast that crude oil production in the United States will rise by 630,000 b/d in 2023 to average 12.6 million b/d.
Jan 3, 2022 · Oil settled higher on Monday on hopes of further demand recovery in 2022, despite OPEC+ looking set to agree to another output increase and persistent concerns about how rising COVID infections...
People also ask
Will oil demand grow in 2022?
What is the crude oil production forecast for 2022?
Will crude oil prices rise in 2022?
Will crude oil production increase in 2023?
What is the forecast for Brent crude oil in 2022?
Will gasoil grow in 2022?
Jan 12, 2022 · We expect global petroleum production will increase by 5.5 million b/d in 2022, driven by production increases in the United States, OPEC, and Russia, which together account for 84%, or 4.6 million b/d, of the growth.
