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Daily oil consumption by region from 1980 to 2006. This is a list of countries by oil consumption. [1] [2] In 2022, the International Energy Agency (IEA) announced that the total worldwide oil consumption would rise by 2% [3] year over year compared to 2021 despite the COVID-19 pandemic. [citation needed]
While Petro Canada was once owned by the Canadian government, it is now owned by Suncor Energy, which continues to use the Petro Canada label for marketing purposes. In 2007 Canada's three biggest oil companies brought in record profits of $11.75 billion, up 10 percent from $10.72 billion in 2006.
By default countries are ranked by their total proven oil reserves. Note that data related to one parameter may be more up to date than data related to some other. See also separate lists and their source pages: List of countries by proven oil reserves [1] List of countries by oil production [2] List of countries by oil consumption [3]
Midwest refineries in particular rely on Canadian oil, and Gulf Coast refineries use Mexican oil. But Canada is by far is an "indispensable partner" as it exports about 3.9 million barrels per day ...
Canada is the largest foreign supplier of oil to the U.S., exporting an amount equal to 22% of U.S. consumption. But climate scientists warn that current levels of extraction will mean Canada won ...
Retail markup over crude oil and wholesale gasoline, 2014–2019 Oil, gas, and diesel prices RBOB Gasoline Prices. In 2008, a report by Cambridge Energy Research Associates stated that 2007 had been the year of peak gasoline usage in the United States, and that record energy prices would cause an "enduring shift" in energy consumption practices. [6]
The first table lists final consumption in the countries/regions which use most (85%), and per person as of 2018. In developing countries fuel consumption per person is low and more renewable. [27] Canada, Venezuela and Brazil generate most electricity with hydropower.
The good news for consumers is a drop in oil prices could be in store as a weakening Chinese economy lowers demand. Then again, just one damaging hurricane or refinery issue this fall could send ...