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World oil production and consumption


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Published: 04/18/2017 Category: Economy Environment Politics Keywords: oil opec us china Middle East
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INFOGRAPHIC ID : 8121

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World oil production growth in 2015 significantly exceeded the growth in oil consumption for a second consecutive year. Production grew by 2.8 million b/d, led by

increases in the Middle East (+1.5 million b/d) and North America (+0.9 million b/d). Global oil consumption increased by 1.9 million b/d, nearly double the 10-year average,

with above-average growth driven by OECD countries. The Asia Pacific region accounted for 74% of global growth, with China once again contributing the largest national

increment to global oil consumption growth (+770,000 b/d).


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