Oil products domestic consumption

Oil demand, mainly linked to the transport sector, continued to rise in 2016 (1.6%)

Breakdown by country (Mt)

World

2

Second consecutive year of oil consumption growth in Europe after nine years of fall.

Oil demand, mainly linked to the transport sector, continued to rise in 2016 (1.6%)

Oil product demand growth stems mainly from the strong demand growth from the worldwide vehicle fleet, in particular in Asian countries.
Because of the strong development of their vehicle fleets, China and India continued to be the main source of growth accounting for half of the 2016 hike, while the OECD countries’ consumption increase accounted for close to one third of it.
The slight drop in oil prices year-on-year has also contributed to the rise of refined oil products consumption in the USA.
Driven by dynamic industrial activity, Europe’s oil consumption increased for the second year in a row after ten years of decline.
Conversely, large Latin American countries have recorded significant drops in oil products consumption mainly due to the economic downturn (Brazil, Venezuela) and end-consumer price hikes (Mexico).

Global Energy Trends, 2017 edition

Based on its 2016 data for G20 countries, Enerdata analyses the trends in the world energy markets.

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