Sentences with phrase «total global oil consumption»

Not exact matches

If the current strong growth of plastics usage continues as expected, the plastics sector will account for 20 % of total oil consumption and 15 % of the global annual carbon budget by 2050.

An IEA collective action would be initiated in response to a significant global oil supply disruption and would involve IEA Member Countries making additional volumes of crude and / or product available to the global market (either through increasing supply or reducing demand), with each country's share based on national consumption as part of the IEA total oil consumption.

Analysis in the new WEO - 2017 showed that for the first time the largest share of global subsidies that benefit fossil fuel consumption went to keep electricity prices artificially low (41 % of the global total), ahead of oil (40 %) and natural gas.

In 2006 alone, oil producing companies and countries burned close to 170 billion cubic meters of natural gas, equivalent to a whopping 27 % of total U.S. natural gas consumption or 5.5 % of total global production of natural gas.