India world’s third largest oil consumer
Q. Which country has become the world’s third largest oil consumer according to BP Statistical Review of World Energy released on 8th June, 2016?- Published on 09 Jun 16a. China
b. Japan
c. India
d. Pakistan
ANSWER: India
India has beaten Japan to become the world’s third largest oil consumer with oil demand galloping 8.1 percent in 2015, according to BP Statistical Review of World Energy released on June 8, 2016
- With demand of 4.1 million barrels in a day, India is the third largest consumer after the US and China at 19.39 million bpd and 11.96 million bpd.
- India accounted for 4.5 percent of world oil consumption in 2015
- India’s demand growth surpassed China’s 6.3 percent expansion.
- Japan slipped to 4th spot after oil usage contracted 3.9 percent to 4.15 million bpd in 2015
- In 2014, it used 4.3 million bpd ahead of India’s 3.48 million bpd
- Review shows global demand for primary energy grew by 1 percent in 2015 which is slower than the 10 year average
- This shows continued weakness in the global economy and lower growth in Chinese energy consumption as the country shifts from industrial to service driven economy
- Oil is the world’s leading fuel with 32.9 percent of international energy consumption and market share for the first time since 1999
- Coal is the second largest fuel in market share at 29.2 percent. Market share of private energy consumption stood at 23.8 percent.
