Welcome to DU! The truly grassroots left-of-center political community where regular people, not algorithms, drive the discussions and set the standards. Join the community: Create a free account Support DU (and get rid of ads!): Become a Star Member Latest Breaking News Editorials & Other Articles General Discussion The DU Lounge All Forums Issue Forums Culture Forums Alliance Forums Region Forums Support Forums Help & Search

General Discussion

gab13by13

(32,680 posts) Sat May 9, 2026, 08:25 AM Yesterday

The World Uses 103 Million Barrels Of Crude Oil Per Day [View all]

This week the world is producing 65 million barrels of crude oil per day.

Countries are using their strategic oil reserves to fill the gap.

The US just fired on and disabled 2 more Iranian oil tankers. The Kabuki peace negotiations are a joke, how many times can we be lied to that a deal is imminent just to calm the oil market?

Crude oil should be $150 - $200/barrel today.

9 replies

= new reply since forum marked as read

Highlight:

The World Uses 103 Million Barrels Of Crude Oil Per Day [View all] gab13by13 Yesterday OP

stock market will make a killing....... Lovie777 Yesterday #1

Well, the pros with insider knowledge and the skills to leverage it will AZJonnie Yesterday #2

I could swear last I looked up that stat was not *that* long ago AZJonnie Yesterday #3

I used a live global oil production counter for my daily number gab13by13 Yesterday #4

Thanks. I have a bit of a bad memory when it comes to timeframes AZJonnie Yesterday #5

China won't likely hit peak oil for another few years Melon Yesterday #6

That's not how the specific term "peak oil" is generally used, but I take your point (nt) AZJonnie Yesterday #7

This message was self-deleted by its author nitpicked Yesterday #8

I based my own assessment on EIA's report nitpicked Yesterday #9