How much oil is consumed globally per day?

How much oil is consumed globally per day?

• A. 88.0 MMBBL
• B. 80.0 MMBBL
• C. 100.0 MMBBL
• D. 120.0 MMBBL

Answer: (A)

Global oil consumption per day is the total amount of crude oil used by the entire world in a 24-hour period, usually expressed in million barrels per day. This figure varies with economic activity and seasonality, but recent references place world oil demand in the high 80s to around 100 million barrels per day. The value around eighty-eight million barrels per day is a realistic, commonly cited average for many years, making it the best match among the options. A figure of eighty is generally too low for a typical global average, while a hundred is higher than the mid-range averages often used, and 120 would be well above most recent global demand levels.

Global oil consumption per day is the total amount of crude oil used by the entire world in a 24-hour period, usually expressed in million barrels per day. This figure varies with economic activity and seasonality, but recent references place world oil demand in the high 80s to around 100 million barrels per day. The value around eighty-eight million barrels per day is a realistic, commonly cited average for many years, making it the best match among the options. A figure of eighty is generally too low for a typical global average, while a hundred is higher than the mid-range averages often used, and 120 would be well above most recent global demand levels.