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Global Oil Consumption Hits Historic 100 Million Barrels Per Day Milestone

Global Oil Consumption Hits Historic 100 Million Barrels Per Day Milestone

In June, the Energy Institute released the 2024 Statistical Review of World Energy. The Review provides a comprehensive picture of supply and demand for major energy sources on a country-level basis. Each year, I do a series of articles covering the Review’s findings. In two previous articles, I discussed the trends in global carbon dioxide emissions, as well as the overall highlights of the Review. Today, I want to cover the production and consumption of petroleum. Defining Oil The Review lists several categories of oil production. When…

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