TeachMeFinance.com - explain Apparent consumption, petroleum (international)
Apparent consumption, petroleum (international)
Consumption that includes internal consumption, refinery fuel and loss, and bunkering. For countries in the Organization for Economic Cooperation and Development (OECD), apparent consumption is derived from refined product output plus refined product imports minus refined product exports plus refined product stock changes plus other oil consumption (such as direct use of crude oil). For countries outside the OECD, apparent consumption is either a reported figure or is derived from refined product output plus refined product imports minus refined product exports, with stock levels assumed to remain the same. Apparent consumption also includes, where available, liquefied petroleum gases sold directly from natural gas processing plants for fuel or chemical uses.
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