BP Review: Oil Forms 32.9% of Global Energy Consumption

BP Review: Oil Forms 32.9% of Global Energy Consumption
BP has released its 65th edition of the Statistical Review of World Energy revealing that in 2015 the global demand and supply of energy had advanced as the global consumption had slowed down and the mix of energy sources has been shifting towards lower-carbon fuels, reported Energy Voice.
According to BP’s report, oil accounted for 32.9% of global energy consumption, thus remained the world’s leading fuel and gained more market share for the first time since 1999. It was succeeded by coal that had a 29.2% market share, thus remained the world’s second largest fuel and became the only fuel that lost global market in 2015. Then came natural gas, with a market share of 23.8% of primary energy consumption.
The report also contained data that proved that the emerging economies continued to dominate the growth in global energy consumption, however, the growth rate in these countries was estimated at 1.6%, well below its 10-year average rate, and currently these emerging economies accounted for 58.1% of global energy consumption.
China has remained the world’s largest growth market for energy for the 15th consecutive year, despite its new record of achieving an energy consumption growth rate of only 1.5%, the slowest record in almost 20 years.
Finally, the report mentioned that carbon emissions produced from energy consumption had only increased by 0.1% in 2015, aside from 2009’s recession, this indicated the lowest growth rate in carbon emissions since 1992. Energy Voice wrote that this has occurred due to the shift away from coal usage.


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