| Summary/Abstract |
OVER THE PAST DECADE, the global oil industry has undergone profound and multifactorial transformations. World energy consumption exhibited high growth rates in the 2010s. In 2018, it amounted to 2.9%, almost twice the same indicator eight years prior.1 As in preceding years, the increase in demand for primary energy by more than two-thirds was accounted for by India, China, and the U.S. Meanwhile, oil was and remains the main energy resource in most countries of America, Africa and Europe. In 2018, daily consumption increased by 1.4 million barrels; aggregate demand reached 98.7 million barrels per day.
|