The auto industry accounts for about 40 percent of world consumption.
Commercial inventories are higher than usual by an amount equal to about four days of world consumption, an unusually high figure.
"I think this is about the right volume because we have got to consider manufacturers, the supply-demand behavior and the growth of world consumption."
Total world consumption of oil is about 60 million barrels a day .
He put it at 200 million barrels more than normal inventories, equivalent to four days of world consumption.
Publicly held reserves represent only about three weeks of world consumption.
Plugged the gap between cheap production in China, and first world consumption here.
This makes total world consumption about 65 million barrels a day.
The world consumption of marine products per person nearly doubled in 2007 compared to 1961.
Total world consumption of energy is increasing, particularly in the developing countries.