09 June 2016 Current Affairs: According to recently released BP Statistical Review of World Energy India has surpassed Japan to become the world’s third-largest oil consumer. With demand of 4.1 million barrels a day (bpd), India is the third-largest consumer behind the United States (19.39 million bpd) and China (11.96 million bpd).
India accounted for 4.5% of world oil consumption in 2015 and its oil demand galloped 8.1% in 2015. India’s oil demand growth had surpassed China’s 6.3 per cent expansion. The US oil consumption has grown by 1.6% in 2015 and it demand share accounts for 19.7% of the total world demand of 95 million bpd in 2015. Japan slipped to the fourth spot after its oil usage contracted 3.9% to 4.15 million bpd in 2015.
In 2014, Japan had used 4.3 million bpd, ahead of India’s 3.84 million bpd. Oil remained the world’s leading fuel, accounting for 32.9% of global energy consumption. It is gaining market share for the first time since 1999. Coal is the second-largest fuel by market share (29.2%).
Natural gas’ market share of primary energy consumption stood at 23.8%. In 2015, the global demand for primary energy grew only 1% which is significantly slower than the 10-year average. It reflected continued weakness in the global economy and lower growth in Chinese energy consumption as the country shifts from an industrial to a service-driven economy.
FreshersLive - No.1 Job site in India. Here you can find latest 2018 government as well as private job recruitment notifications for different posts vacancies in India. Get top company jobs for both fresher and experienced. Job Seekers can get useful interview tips, resume services & interview Question and answer. Practice online test free which is helpful for interview preparation. Register with us to get latest employment news/rojgar samachar notifications. Also get latest free govt and other sarkari naukri job alerts daily through E-mail.