Showing 1 - 4 of 4
Persistent link: https://www.econbiz.de/10001638013
Persistent link: https://www.econbiz.de/10001801909
OPEC's domestic oil consumption has increased seven-fold in 40 years, to 8.5 million barrels per day (mbd). They consume almost as much oil as China, and this constitutes one-fourth of their production. Such rapid growth in consumption – 5.1% annually, faster than their income growth of 3.1%...
Persistent link: https://www.econbiz.de/10013110562
We analyze the rapid growth of Saudi Arabia's domestic oil consumption, a nine-fold increase in 40 years, to nearly 3 million barrels per day, about one-fourth of production. Such rapid growth in consumption – 5.7% annually, which is 37% faster than its income growth of 4.2% – will challenge...
Persistent link: https://www.econbiz.de/10013110564