Scribd
Upload
30 views2 pages

Philippines: Region

This document summarizes oil consumption in the Philippines from 2006 to 2017. It reports that oil consumption was at approximately 455,000 barrels per day in 2017, up from 429,000 barrels per day one year earlier. Additional notes specify that inland demand and international marine and aviation bunkers and refinery fuel and losses are included in the consumption numbers.

Uploaded by

glenn
Copyright
© © All Rights Reserved
We take content rights seriously. If you suspect this is your content, claim it here.
Available Formats
Download as DOCX, PDF, TXT or read online on Scribd
30 views2 pages

Philippines: Region

This document summarizes oil consumption in the Philippines from 2006 to 2017. It reports that oil consumption was at approximately 455,000 barrels per day in 2017, up from 429,000 barrels per day one year earlier. Additional notes specify that inland demand and international marine and aviation bunkers and refinery fuel and losses are included in the consumption numbers.

Uploaded by

glenn
Copyright
© © All Rights Reserved
We take content rights seriously. If you suspect this is your content, claim it here.
Available Formats
Download as DOCX, PDF, TXT or read online on Scribd
You are on page 1/ 2

Region

Philippines
Survey time period
2006 to 2017
Supplementary notes
* Inland demand plus international aviation and marine bunkers and refinery fuel and loss.
Consumption of biogasoline (such as ethanol), biodiesel and derivatives of coal and natural gas
are also included. Philippines Oil Consumption is at a current level of 454.95K, up from 429.78K
one year ago

This statistic shows annual consumption of oil in the Philippines from 2006 to 2017. The
values provided are measured in thousands of barrels a day. In 2017, approximately 455
thousand barrels of oil were consumed daily in the Philippines.

Source: https://www.statista.com/statistics/oil-consumption-in-the-philippines/

https://ycharts.com/indicators/philippines_oil_consumption
What is a Barrel Of Oil Equivalent (BOE)
A barrel of oil equivalent (BOE) is a term used to summarize the amount of
energy that is equivalent to the amount of energy found in a barrel of crude oil.
By encompassing different types of energy resources into one figure, analysts,
investors and management can assess the total amount of energy the firm can
access. This is also known as crude oil equivalent (COE).

Conversion
Converting assets to BOE is fairly simple. In terms of volume, oil is represented
per barrel, and natural gas is represented per thousand cubic feet (mcf). There
are 42 gallons (approximately 159 liters) in one barrel of oil. The energy
contained in a barrel of oil is approximately 5.8 million British thermal units
(MBtus) or 1,700 kilowatt-hours (kWh) of energy. This is an approximate
measure, because different grades of oil have slightly different energy
equivalents.

Source: https://www.investopedia.com/terms/b/barrelofoilequivalent.asp

You might also like