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World Oil Demand
OPEC Monthly Oil Market Report – June 2016
35
World Oil Demand
In 2015, world oil demand was left broadly unchanged from last month’s
MOMR
.
Total world oil demand growth stood at 1.54 mb/d and total oil consumption at
92.98 mb/d. In 2016, world oil demand is anticipated to grow by 1.20 mb/d from
2015, which is largely unchanged from last month’s projections. Total oil
consumption in 2016 is anticipated to be around 94.18 mb/d.
Table 4.1: World oil demand in 2015, mb/d
Graph 4.1: Quarterly world oil demand y-o-y growth
-1,000
-500
0
500
1,000
1,500
2,000
1Q 2Q 3Q 4Q 1Q 2Q 3Q 4Q 1Q 2Q 3Q 4Q
2014
2015
2016 (forecast)
tb/d
OECD
Non-OECD
Total world
Source: OPEC Secretariat.
2014 1Q15 2Q15 3Q15 4Q15 2015 Growth
%
Americas
24.14 24.24 24.12 24.77 24.37 24.37
0.24 0.99
of which US
19.41 19.62 19.54 20.02 19.68 19.71
0.30 1.56
Europe
13.45 13.46 13.57 14.14 13.68 13.71
0.26 1.95
Asia Pacific
8.13 8.75 7.72 7.63 8.28 8.09 -0.04 -0.49
Total OECD
45.72 46.45 45.40 46.54 46.34 46.18
0.46 1.01
Other Asia
11.58 11.63 12.06 12.03 12.30 12.01
0.42 3.64
of which India
3.79 4.01 3.98 3.94 4.27 4.05
0.26 6.99
Latin America
6.61 6.33 6.58 6.85 6.47 6.56 -0.05 -0.78
Middle East
7.86 7.95 7.98 8.55 7.97 8.11
0.26 3.28
Africa
3.90 4.01 3.98 3.92 4.06 3.99
0.09 2.26
Total DCs
29.96 29.91 30.61 31.35 30.80 30.67
0.72 2.39
FSU
4.64 4.48 4.32 4.69 4.99 4.62 -0.02 -0.43
Other Europe
0.65 0.66 0.62 0.66 0.75 0.67
0.02 2.88
China
10.46 10.44 11.06 10.69 11.13 10.83
0.37 3.51
Total "Other regions"
15.76 15.57 16.01 16.04 16.86 16.13
0.37 2.32
Total world
91.44 91.94 92.02 93.93 94.00 92.98
1.54 1.69
Previous estimate
91.44 91.94 92.01 93.93 94.00 92.98
1.54 1.69
Revision
0.00 -0.01 0.00 0.00 0.00 0.00
0.00 0.00
Source: OPEC Secretariat.
Note: Totals may not add up due to independent rounding.
Change 2015/14