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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.
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The data reached an all-time high of 780.754 BTU tn in Jan...
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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...
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United States IPD: PCE: Services data was reported at...
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United States GDP: PCE: SE: RC: Others: Mis: Veterinarians...
- Natural Gas Consumption
Find data from forecast models on crude oil and petroleum liquids, gasoline, diesel, natural gas, electricity, coal prices, supply, and demand projections and more. Expand all.
May 22, 2024 · The most important statistics. In 2023, world oil demand exceeded 100 million bbl/d for the first time since the pandemic. Forecasts suggest global oil demand will grow even more in 2024.
EIA forecasts crude oil prices will increase through 2024 as demand rises above supply. tags: STEO consumption/demand crude oil liquid fuels oil/petroleum prices + production/supply.
- 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.
Gabon. Malaysia. Mexico. United Arab Emirates. Oman. FLNG - with no announced locaction. Growth in oil demand, 2022-2030 - Chart and data by the International Energy Agency.
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Dec 14, 2022 · Highlights. 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.
