18th November 2019

americangeosciences
16

How much oil is consumed per day?

The U.S. Energy Information Administration (EIA) includes biofuels in consumption of petroleum products. In 2016, the United States consumed a total of 7.21 billion barrels of petroleum products, an average of about 19.69 million barrels per day. EIA uses product supplied as a proxy for U.S. petroleum consumption.

Also question is, how many barrels of oil are consumed each day in the world?

As of early 2015, the IEA Oil Market Report forecast average demand for the year of more than 93 million barrels of oil and liquid fuels per day worldwide – that works out to more than 34 billion barrels a year – with January 2015 production totalling just over 94 million barrels per day.

How much oil does the US consume on a daily basis?

The U.S. Energy Information Administration (EIA) includes biofuels in consumption of petroleum products. In 2017, the United States consumed a total of 7.26 billion barrels of petroleum products, an average of about 19.88 million barrels per day.
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