How the Demand for Oil Relates to Investing
Crude oil demand figures are important considerations in investment strategies because the data indicates a steady and sustained increase in production of the commodity. Mid- to long-term demand is likely to maintain increased pressure on crude prices.
The following table lists the top ten consumers of crude oil in the world.
|Rank||Country||Daily Consumption (Million Barrels)|
The United States and China are currently the biggest consumers of crude oil in the world, and this trend will continue throughout the twenty-first century, with global consumption expected to increase to 120 million barrels a day by 2025.
Always design an investment strategy that will profit from long-term trends. The steady increase in global demand for crude oil is a good reason to be bullish on oil prices.