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Oil consumption

LNG
IEA Says Global Oil Market Faces a Million-Barrel Glut Next Year
Global oil markets face a surplus of more than 1 million barrels a day next year as Chinese demand continues to falter, cushioning prices against turmoil in the…
Oil & Gas Trade
India Oil Demand Driven by Consumers Rather Than Industry: Kemp
India’s oil consumption increased by 3.7 million tonnes (4.8%) in the first four months of 2024 compared with the same period in 2023, according to data f…
Oil & Gas Trade
India to Become Main Driver of Incremental Oil Use by 2030: Kemp
India's petroleum consumption climbed to a new record last year and the country is on course to overtake China as the primary driver of incremental oil consumpt…
Biofuel
EIA: Biofuels Are Displacing Petroleum-Based Distillate Fuel Oil Consumption on the West Coast
Consumption of distillate fuel oil in the US West Coast, as measured by product supplied, decreased to its lowest level since 2002 last year and continues its d…
Oil & Gas Trade
Benchmarking: Outlook for Demand, Global Balances Diverge
Watch The World/ShutterstockAlthough macroeconomic concerns loom large in the foreground, oil consumption will grow by an average 1.75 million b/d among major f…
China
Column: China's Re-opening And The J-curve In Oil Consumption
A tourist poses in front of a sign of the Universal Resort, as the Universal Studios theme park reopens to the general public, following the coronavirus disease…
United Kingdom
Industry Body Says Offshore Fields Can Support 40% of UK’s Gas Consumption
The UK’s offshore fields can support around 40% of the country’s gas consumption and two-thirds of its oil consumption over the next two years.
Oil & Gas Trade
China's Oil Consumption Seen Peaking Around 2026, Sinopec Exec Says
Natural gas will become China's top fossil fuel resource around 2050
Hybrid Power Plant
Malian Gold Mine Powered by 30 MW/15.4 MWh of Solar-Plus-Storage
The solar-plus-storage facility will reduce heavy fuel oil consumption by 13.1 million liters per year.
Oil & Gas Trade
New Year OPEC+ Meeting to Decide Oil Production Levels
The OPEC+ ministerial meeting comes after oil consumption tanked in 2020 due to the Covid-19 pandemic and a price war between Saudi Arabia and Russia.
Oil & Gas Trade
Putin: Russia Reduces Its Dependence On Oil
Russia is successfully weaning itself off oil revenues, President Vladimir Putin said today during an annual end-of-the-year news conference, as quoted by RT.
10 Biggest Oil Consuming Countries in the World
In the last few decades, the share of global oil consumption from Europe and North America have begun to decline, whereas, consumption levels from Asia Pacifi…
CNPC
China's Crude Oil Imports to Rise 2% y/y in 2020
China’s crude oil imports are expected to increase by around 2% in 2020 amid lower prices, while apparent crude oil consumption is seen rising by 1-2%, accordi…
Crude Oil
USA's Purchase on Sweet Crude Oil will Not Follow Original Plan
US Energy Department says it will buy up to 1 mln bbls of sweet crude oil for strategic reserve from small to midsize domestic producers.