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BP Data 2013

Change-in-Oil-Consumption
BP recently released the data presented in both graphs. Conclusions from BP report: global oil production is still increasing (557,000 barrels per day) for four years in a row, but that is mainly because of fracking in the US (1.1 million bpd), oil production in the rest of the world combined is declining. Interesting is the large decline in European oil consumption, due to economic slowdown and massive introduction of renewables.

Oil production 2013 in million barrels per day:
1) Saudi-Arabia: 11.5
2) Russia: 10.8
3) USA: 10.0
4) China: 4.2
5) Canada: 3.9

Change-in-Oil-Consumption-MMBPD

US-Oil-Production-1965-through-2013-Fracking

[energytrendsinsider.com]

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