2024
DOI: 10.1016/j.esr.2024.101386
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Circular behavior of oil consumption and the impact of oil prices with the Fourier approach

Sabiha Oltulular
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Cited by 2 publications
(2 citation statements)
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“…Even if some countries, including European countries, Japan and the USA, are reducing their oil consumption (Table 1), it is projected that the worldwide need for petroleum liquid fuels will experience a 38% increase by 2040, reaching 119 million barrels/day. Such growth in fuel demand is already occurring mainly in developing countries, such as Middle Eastern nations, India, and China [4,5]. As an alternative to limited fossil resources, renewable energy sources are attracting growing attention, as they may offer environmental and energy sustainability benefits [6].…”
Section: Introductionmentioning
confidence: 99%
See 1 more Smart Citation
“…Even if some countries, including European countries, Japan and the USA, are reducing their oil consumption (Table 1), it is projected that the worldwide need for petroleum liquid fuels will experience a 38% increase by 2040, reaching 119 million barrels/day. Such growth in fuel demand is already occurring mainly in developing countries, such as Middle Eastern nations, India, and China [4,5]. As an alternative to limited fossil resources, renewable energy sources are attracting growing attention, as they may offer environmental and energy sustainability benefits [6].…”
Section: Introductionmentioning
confidence: 99%
“…Oil consumption share and annual growth rate of major countries. Reprinted from Ref [4],. copyright (2024), with permission from Elsevier.…”
mentioning
confidence: 99%