Global energy consumption:
Oil - 36%
Gas - 24%
Coal - 28%
Hydro - 6%
Nuclear - 6%
India accounts for 3% of global oil demand. (China - 10%) with daily oil consumption of 2.2million barrels, of which 70% is imported. Annual demand = 800 million barrels of oil
largest oil importers:
US - 13,300
Japan - 5,500
China - 4,000
Germany - 2,500
S.Korea - 2,200
India - 2,100
largest oil exporters:
Saudi - 10,000
Russia - 7,500
UAE - 2,600
Norway - 2,500
Iran - 2,500
Kuwait - 2,300
OPEC formed in 1960 initially had little influence but the reported reserves in Middle East rose from 360 billion barrels in 1980 to 430 billion barrels in 1984. Today 90% of incremental supply comes from the 13 OPEC.
NATURAL GAS
Proven natural gas reserves:
1. Russia
2. Iran
3. Quatar
4. Saudi Arabia
5. UAE
6. USA
7. Nigeria
8. Venezuela
9. Iraq
10. Indonesia
11. China
12 Norway
13. Kazakastan
14 Kuwait
15. Canada
16. Egypt
