U.S. Remains World’s Top Oil Producer And Consumer ...Middle East

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U.S. Remains World’s Top Oil Producer And Consumer
Earlier this month BP released its Statistical Review of World Energy 2022. The Review provides a comprehensive picture of supply and demand for major energy sources on a country-level basis. Each year, I do a series of articles covering the Review’s findings. In the previous article, I discussed the trends in global carbon dioxide emissions. Today, I want to cover the production and consumption of petroleum. Oil Demand Bounces Back For 2020, the Review reported the largest decline in oil1 consumption on record. After nine consecutive years…

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