Who were the 3 biggest consumers of oil?
The Top Ten: Top Oil Consumers
| Rank | Consumers | Total Oil Consumption |
|---|---|---|
| 1. | United States | 20 |
| 2. | China | 13.6 |
| 3. | India | 4.3 |
| 4. | Japan | 3.9 |
Who is the largest oil consumer?
United States
Oil Consumption by Country
| # | Country | Daily Oil Consumption (barrels) |
|---|---|---|
| 1 | United States | 19,687,287 |
| 2 | China | 12,791,553 |
| 3 | India | 4,443,000 |
| 4 | Japan | 4,012,877 |
Which country was the greatest consumer of oil in 2013?
the United States
In 2013, the United States overtook Saudi Arabia as the world’s top oil producer. The United States also has the dubious honor of being the biggest consumer….Consumers.
| Country | Thousand barrels per day |
|---|---|
| United States | 18,961 |
| China | 10,303 |
| Japan | 4,531 |
| Russia | 3,515 |
Who is the number 1 oil producing country?
Saudi Arabia
According to the most recent data, the top five oil-producing nations are the United States, Saudi Arabia, Russia, Canada, and China.
Who are the world’s top 5 oil consumers?
The top ten consumers of oil account for 60% of the world’s total oil consumption. These countries are: The United States. China….Here are the 10 countries with the highest oil consumption:
- Russia (3,594,000)
- Saudi Arabia (3,237,000)
- Brazil (3,018,000)
- South Korea (2,630,000)
- Germany (2,410,000)
- Canada (2,379,000)
Who are the 5 biggest oil consuming nations and how many barrels do each consume per day?
The top five here is completed by India, consuming 4.69 million barrels of oil per day; Japan, consuming 3.98 million barrels of oil per day; and Saudi Arabia consuming 3.91 million barrels of oil per day. Together, these five countries gobble up more than 45 million barrels every day.
Who is the richest oil company?
Saudi Aramco
Saudi Aramco is one of the five companies in the trillion-dollar club as the world’s third-largest company by market cap….Big Oil: The Largest Oil and Gas Companies by Market Cap.
| Rank | 1 |
|---|---|
| Company | Saudi Aramco |
| Market Cap* (US$, billions) | $1,979 |
| Country | Saudi Arabia |
What consumes the most oil?
The transportation sector accounts for the largest share of U.S. petroleum consumption.
Who sells the most oil?
Searchable List of Crude Oil Exporting Countries in 2020
| Rank | Exporter | Crude Oil Exports (US$) |
|---|---|---|
| 1. | Saudi Arabia | $113,748,793,842 |
| 2. | Russia | $72,564,294,000 |
| 3. | Iraq | $50,828,799,000 |
| 4. | United States | $50,285,962,000 |
Which industry consumes most oil?
How much oil is left in the world 2021?
World Oil Reserves The world has proven reserves equivalent to 46.6 times its annual consumption levels. This means it has about 47 years of oil left (at current consumption levels and excluding unproven reserves).
Who is Exxon owned by?
As of March 2019, ExxonMobil’s largest shareholders include The Vanguard Group (8.15%), BlackRock (6.61%), and State Street Corporation (4.83%). ExxonMobil is one of the largest of the world’s Big Oil companies….ExxonMobil.
| Type | Public |
|---|---|
| Website | corporate.exxonmobil.com |
Who are the largest consumers of oil in the world?
The U.S. continues to lead all countries in consumption of oil, but China has had the fastest consumption growth for several years. Below are the Top 10 global consumers of oil for 2019. Top 10
Can a sitting president affect the price of gasoline?
President Trump’s tweet on gasoline prices. I have written many times about the limited impact a sitting President can have on gasoline prices. Presidents can pursue policies that over a period of time can influence gasoline prices in one direction or another, but their ability to impact prices quickly is pretty limited.
What was the GDP growth rate in 2012?
Economic Growth and GDP. Economic growth, as measured by gross domestic product, grew 3.2 percent in the first quarter of 2012. It then dropped slightly to 1.7 percent in the second quarter. It was a tepid 0.5 percent in each of the third and fourth quarters.
Which is the country with the highest oil reserves?
Venezuela still claims the title for the highest level of reserves — 304 billion barrels — followed by Saudi Arabia with 298 billion barrels. Realistically most of Venezuela’s oil would be unlikely to be economical to produce at prevailing market prices.