O'Reilly logo

Mastering the Commodities Markets by Francesca Taylor

Stay ahead with the world's most comprehensive technology and business learning platform.

With Safari, you learn the way you learn best. Get unlimited access to videos, live online training, learning paths, books, tutorials, and more.

Start Free Trial

No credit card required

Crude Oil Consumption

Figure 3.5 shows the global crude oil consumption in 1990, with North America being the largest consumer (20 per cent) followed by Europe (15 per cent) and Asia (13 per cent).

Figure 3.5 Oil consumption – 1990

Source: EIA

Twenty years later the map has changed enormously, with Figure 3.6 showing the consumption data for 2010, illustrating the big hike in demand from Asia (mostly China) – up to 25 per cent. North American consumption is up slightly at 23 per cent and Europe’s consumption remains static at 15 per cent of the total.

Figure 3.6 Oil consumption – 2010

Source: EIA

With Safari, you learn the way you learn best. Get unlimited access to videos, live online training, learning paths, books, interactive tutorials, and more.

Start Free Trial

No credit card required