(MENAFN) Kuwait consumption of oil fell by 1.3 percent to 499.000 barrels per day, while KSA remained the highest in GCC and ME in consumption rates.
On the other hand, global oil consumption has increased by 1.6bn barrels/day or 1.6 percent, which more than the 1.2 percent average that had been dominant for ten years.
Accordingly, China had the lion's cut of the consumption growth with 400.000 barrels a day followed by India with 330.000 barrels per day.
Furthermore, Qatar consumption rates increased 7.5 percent, which is 339.000 barrels per day in 2016, trailed by UAE by 6.7 percent.
MENAFN0709201700450000ID1095828996
Legal Disclaimer:
MENAFN provides the information “as is” without warranty of any kind. We do not accept any responsibility or liability for the accuracy, content, images, videos, licenses, completeness, legality, or reliability of the information contained in this article. If you have any complaints or copyright issues related to this article, kindly contact the provider above.