Based on the Vitality Institute’s (EI) newest statistical evaluate of world vitality, which was launched lately, the world’s prime pure gasoline shopper in 2024 was the US.
The U.S. consumed 32.5 exajoules of pure gasoline final 12 months, which represented a 1.3 % 12 months on 12 months rise and 21.9 % of the globe’s pure gasoline consumption in 2024, the evaluate outlined. From 2014 to 2024, U.S. pure gasoline consumption has grown by a median of two.2 % yearly, the evaluate confirmed.
U.S. pure gasoline demand was 26.00 exajoules in 2014, 26.77 exajoules in 2015, 26.97 exajoules in 2016, 26.63 exajoules in 2017, 29.59 exajoules in 2018, 30.64 exajoules in 2019, 30.07 exajoules in 2020, 30.11 exajoules in 2021, 31.69 exajoules in 2022, and 32.0 exajoules in 2023, in keeping with the EI’s evaluate.
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Russia was proven to be the second greatest pure gasoline shopper final 12 months within the EI’s newest statistical evaluate of world vitality, which highlighted that the nation consumed 17.2 exajoules of pure gasoline in 2024. That determine represented a 4.9 % 12 months on 12 months improve and 11.6 % of worldwide pure gasoline demand final 12 months, the evaluate identified. From 2014 to 2024, Russia has seen its pure gasoline consumption improve by a median charge of 1.2 % yearly, the evaluate highlighted.
China ranked because the third greatest pure gasoline shopper in 2024 within the EI’s evaluate, with 15.6 exajoules. That determine marked a 12 months on 12 months improve of seven.0 % and 10.5 % of worldwide pure gasoline demand final 12 months, in keeping with the evaluate, which outlined that, from 2014 to 2024, China’s pure gasoline consumption has grown by a median charge of 8.7 % yearly.
Complete world pure gasoline consumption was 148.6 exajoules in 2024, the EI’s newest statistical evaluate of world vitality confirmed. The evaluate outlined that OECD international locations delivered 43.2 % of the whole demand and non-OECD international locations delivered 56.8 %.
The full world pure gasoline demand determine within the EI’s newest statistical evaluate of world vitality represented a 2.5 % 12 months on 12 months improve, the report confirmed. From 2014 to 2024, complete world pure gasoline consumption has grown by a median of two.0 % yearly, the evaluate highlighted.
The EI identified in its evaluate that its pure gasoline consumption figures exclude pure gasoline transformed to liquid fuels and embody derivatives of coal in addition to pure gasoline consumed in gasoline to liquids transformation.
“World gasoline consumption returned to a notable progress in 2024 rising by 2.5 %,” the EI famous in its newest statistical evaluate of world vitality.
“Half of gasoline consumption progress was pushed by the Asia-Pacific area, led by its prime shoppers: China, Japan, and India,” it added.
“In the meantime, Europe skilled a modest rebound, with demand rising by seven billion cubic meters to succeed in 469 billion cubic meters, marking its first rise since 2021,” it continued.
The EI states in its evaluate that it’s the skilled membership physique for the world of vitality. It provides in its publication that the statistical evaluate of world vitality analyzes knowledge on world vitality markets from the prior 12 months and notes that the evaluate “has been offering well timed, complete, and goal knowledge to the vitality group since 1952”.
The EI launched its first, and the general 72nd, annual version of the statistical evaluate of world vitality again in June 2023. The newest statistical evaluate of world vitality marks the general 74th version of the useful resource.
In a joint assertion printed in February 2023, BP and the EI introduced that the brand new “custodian” of the statistical evaluate of world vitality could be the EI. The evaluate had been printed by BP since 1952.
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