Global Oil Market Size by Type of Use

The size of the global oil market based on consumption demand was 87 Mn b/d (million barrels/day) in 2010, according to Opec and as published in the Financial Times on April 2, 2013, p. 9.

The high-level breakdown across types of use was as follows:

46 Mn b/d Transportation (53%)

23 Mn b/d Industrial activity (26%)

14 Mn b/d Power & heat generation (16%)

The low-level breakdown was as follows:

Transportation

22 Mn b/d cars (25%)

13 Mn b/d trucks (15%)

5 Mn b/d aircraft (6%)

4 Mn b/d ships (5%)

2 Mn b/d railways (2%)

Industrial activity

9 Mn b/d petrochemical activity (10%)

14 n b/d other industrial activity (16%)

Power & heat generation

5 Mn b/d power generation (6%)

9 Mn b/d heat generation (10%)

4 Mn b/d other uses (5%)

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