Over 100 million barrels per day of oil consumption later in 2018 which is $2.2 trillion per year at $60 per barrel
OPEC said world oil consumption will reach 100 million barrels per day (bpd) later in 2018. This milestone level will be reached sooner than previously forecast. Mohammad Barkindo told an energy conference in South Africa’s Cape Town that a stable environment was needed to encourage oil industry investment to meet the rising demand. Barkindo said …