worldoildemand.gif (7229 bytes)
In 1,000 of barrels per day.
Source: BP Statistical Review of World Energy.

World Oil Consumption, 1965-2006

The world oil consumption has almost tripled since 1965. In 2006, the global oil demand was at 81.6 million barrels per day. The above graph indicates the regional distribution of this demand. North American and European consumption has remained relatively constant over the last 25 years. A significant share of the new oil demand is assumed by Pacific Asian nations going through rapid industrialization and motorization, particularly China, which has become the world's second largest importer after the United States.

Copyright © 1998-2008, Dr. Jean-Paul Rodrigue, Dept. of Economics & Geography, Hofstra University. For personal or classroom use ONLY. This material (including graphics) is not public domain and cannot be published, in whole or in part, in ANY form (printed or electronic) and on any media without consent. Permission MUST be requested prior to use.