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Oil Price, page-465

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    How many barrels of oil are produced and consumed a day?
    For 2016, the IEA Oil Market Report forecasts worldwide average demand of nearly 96 million barrels of oil and liquid fuels per day – that works out to more than 35 billion barrels a year. Production breached 97 million barrels per day (mb/d) in late 2015, and Medium-Term Oil Market Report 2016 foresees demand crossing the 100 mb/d threshold towards the end of its five-year outlook period.

    https://www.iea.org/about/faqs/oil/

    https://www.eia.gov/outlooks/steo/report/global_oil.cfm
 
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