Definition of Petroleum consumption

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TeachMeFinance.com - explain Petroleum consumption



Petroleum consumption -- The sum of all refined petroleum products supplied. For each refined petroleum product, the amount supplied is calculated by adding production and imports, then subtracting changes in primary stocks (net withdrawals are a plus quantity and net additions are a minus quantity) and exports.




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Mark McCracken

Author: Mark McCracken is a corporate trainer and author living in Higashi Osaka, Japan. He is the author of thousands of online articles as well as the Business English textbook, "25 Business Skills in English".


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