Consumption of Oil Energy in World from 2012 to 2018

November 19, 2020

Author: susil

We have witnessed an increasing trend in consumption of oil in world from 2012 to 2018. However compound annual growth rate of 1.85% has been observed in consumption of oil in world during the period under consideration.

Consumption of oil was 4176.2 million tonnes oil equivalent in world during 2012. It has spiked by 1.07% to 4220.9 million tonnes oil equivalent during 2013 over 2012. We have seen annual growth of 1.09% in consumption of oil in world during 2017 from 4557.3 million tonnes oil equivalent during 2016. Consumption of oil was 4662.1 million tonnes oil equivalent in world during 2018, up by 1.2% against 4607 million tonnes oil equivalent during 2017.

The maximum annual growth of 4.98% has been found in 2016 in consumption of oil in world during the period under consideration.

Note: Data Figures in Million Tonnes Oil Equivalent; Primary energy comprises commercially-traded fuels, including modern renewables used to generate electricity; P: Provisional; Source: BP Statistical Review of World Energy, June 2019.

Dataset URL: https://data.gov.in/resources/trends-in-world-primary-energy-consumption-by-fuel-from-2012-to-2018

Resource Title: Trends in World Primary Energy Consumption by Fuel from 2012 to 2018