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English: Oil consumption in daily barrels per region from 1980 to 2006; vertical extents indicate barrels of oil consumed per day, and the horizontal scale shows years from 1980 to 2007. Date 25 October 2008
2008-10-24 20:32 84user 600×450× (103638 bytes) {{Information |Description=Daily oil consumption by region from 1980 to 2006; vertical scale shows thousands of barrels per day, and the horizontal scale shows years from 1980 to 2007. Related charts: [[Image:World oil price in dollars from 1978 to 2008-1
The 1980s oil glut was a significant surplus of crude oil caused by falling demand following the 1970s energy crisis.The world price of oil had peaked in 1980 at over US$35 per barrel (equivalent to $129 per barrel in 2023 dollars, when adjusted for inflation); it fell in 1986 from $27 to below $10 ($75 to $28 in 2023 dollars).
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]
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Saudi light price cut one dollar to $28 per barrel. March 11–19: Iranian offensive; heavy casualties. May–June: "Battle of the cities" - heavy bombing from both Iran and Iraq. June: OPEC output falls to 20-year low of 13.7 Mbbl/d (2,180,000 m 3 /d). June: Iran begins hit-and-run raids on Iraq. July: OPEC loses customers to cheaper North Sea ...
To extract 1 million barrels per day -- about 5% of U.S. daily consumption -- it would require 12 gigawatts of dedicated electricity generation, 46 billion gallons of water per year, and mining ...
Pipeline fire drops Iraqi production from 600,000 barrels per day (95,000 m 3 /d) to 300,000 barrels per day (48,000 m 3 /d). November: Iranian oil production starts dropping. December: Iranian production hits 1.5 Mbbl/d (240,000 m 3 /d) in mid-December; 500,000 on December 27, a 27-year low. OPEC production rises 1.6 MMBD over two months due ...