India: Third Largest Oil Consumer [ Current Affairs ]
India has beaten Japan to become the world’s third-largest oil consumer according to recently released BP Statistical Review of World Energy with request of 4.1 million barrels a day (bpd), India is the third-largest consumer after the United States and China.
Other Highlights of Review
- In 2015 India has consumed total 4.5 % oil of world and its oil demand dashed 8.1 % in 2015.
- Oil demand growth of India had beaten 6.3 % expansion of China.
- In 2015 the US oil ingesting has grown by 1.6 % and it demand share accounts for 19.7 % of the total world demand of 95 million bpd.
- Japan tripped to the fourth spot with 3.9 % usage contracted to 4.15 million bpd in 2015.
- Japan had used 4.3 million bpd in 2014 and India 3.84 million bpd.
- Oil is the world’s leading fuel, with 32.9 % of global energy usage.
- First time, its purchase market share in 1999.
- The second-largest fuel is Coal with29.2 % market share.
- Market share of primary energy consumption Natural gas is 23.8%.
- The global demand for primary energy formed only 1 % in 2015 which is considerably slower than the 10-year average.
- This mirrored continuous weakness in the global economy and lower development in Chinese energy consumption as the country moves from an industrial to a service-driven economy.
- Published on: June 9, 2016