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Oil Consumption 2022

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Oil Consumption by Country 2024

Crude oil, or petroleum, is a naturally occurring liquid mineral that is mankind's main source of motor vehicle fuel and, in some parts of the world, heating oil. Crude oil ranges from yellow to black in color and displays variable density and viscosity. Once extracted from deposits underground, crude oil is processed into products including gasoline, diesel fuel, jet fuel, heating oils, asphalt, and lubricating oils. In 2020, the world used, or consumed, approximately 88.7 million barrels of oil per day. This number actually represents a decrease in consumption compared to previous years, and is attributed to the COVID-19 pandemic.

The United States was the world's largest producer of crude oil in 2020, producing about 11.5 million barrels per day, with Texas, New Mexico, and North Dakota ranking as the largest oil-producing states. Oil deposits that have not yet been pumped out of the ground are known as oil reserves. Venezuela and Saudi Arabia have the largest oil reserves in the world, but approximately half of the countries in the world are oil-producing nations.

Top 10 Countries that Consume the Most Oil (barrels per day):

Country
Oil Consumption 2022
United States19,140
China14,295
India5,185
Saudi Arabia3,876
Russia3,570
Japan3,337
South Korea2,858
Brazil2,512
Canada2,288
Mexico2,098

The top ten consumers of oil account for approximately 60% of the world’s total oil consumption, with all other countries combined accounting for about 40% of the world’s total oil consumption. The United States is both the largest producer of oil, mining approximately 11.5 million barrels per day, and also its largest consumer of oil at more than 17 million gallons per day—more than the entire European Union (9.8 million). This is approximately 15-20% of the world’s total oil consumption. This is followed by China, which consumes 14.2 million barrels of oil per day, and India, which consumes about 4.7 million barrels per day. The United States, China, and India alone account for over a third of the world’s total oil consumption. All three of these countries have the three largest populations in the world.

There are an estimated 1.73 trillion barrels of proven oil reserves in the world as of 2020. It is estimated that the world consumes more than 88 million barrels of oil per day. The world’s proven reserves are equivalent to about 46.6 times its annual consumption levels, meaning that the Earth has roughly 53 years of oil left at the current consumption levels.

Some of the smallest consumers of crude oil are Niue at 50 barrels per day and Saint Helena at 70 barrels per day. These nations have notably smaller populations and fewer vehicles and planes, which decreases their reliance upon oil.

10 Countries and Territories that Consume the Least Oil (barrels per day):

  • Data for Palestine includes territories of West Bank and Gaza Strip.
  • Values displayed are in thousands of barrels of oil consumed per day.
  • Biogasoline such as ethanol and biodiesel are excluded, as those are totaled with biofuels

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Country
Oil Consumption 2022 (1k barrels/day)
Oil Cons. 2021 (1k barrels/day)
Oil Cons. 2020 (1k barrels/day)
Oil Cons. 2019 (1k barrels/day)
Oil Cons. 2018 (1k barrels/day)
United States19,14018,78517,18319,42419,417
China14,29514,89314,40814,32213,643
India5,1854,7984,7005,1504,974
Saudi Arabia3,8763,6103,4453,6423,871
Russia3,5703,4833,2943,4383,376
Japan3,3373,3393,2763,6923,815
South Korea2,8582,8162,6302,7892,800
Brazil2,5122,3942,2182,3612,368
Canada2,2882,2102,1242,4872,476
Mexico2,0981,7491,6011,8141,918
Germany2,0752,0422,0492,2702,255
Iran1,9121,7351,7001,7801,700
Indonesia1,5851,4611,4001,5821,616
France1,4201,4281,3061,5271,538
United Kingdom1,3171,2171,1841,5281,564
Thailand1,2771,1731,1581,2941,282
Spain1,2681,1561,0561,2871,286
Italy1,2221,1581,0391,2591,300
Singapore1,1991,2481,2641,3121,339
United Arab Emirates1,126990904960988
Turkey1,0421,003937999989
Australia1,0089419161,0641,076
Taiwan9099909479871,040
Malaysia894779725867804
Netherlands885845846888918
Iraq772700622756786
Egypt750644598686721
Poland724676640679663
Argentina678632504567645
Belgium563600541628668
Vietnam515470506599581
South Africa513502465567574
Pakistan489503434446499
Colombia478428331394392
Philippines451410378460451
Algeria439405385430413
Kuwait431422424451473
Kazakhstan422328302345338
Chile399380346378379
Qatar347313289367347
Morocco296291258293287
Greece294261246304294
Venezuela268226203339410
Ecuador264248203249255
Peru258248202262254
Bangladesh253213171204208
Sweden243248255292273
Israel232209199231229
Austria232239231266256
Oman226200176217224
Portugal225209203247239
Romania220217205221212
Hong Kong219255284408434
Czech Republic204201181209207
Ukraine200230227239240
Norway192207203213221
Switzerland187181179216212
Hungary172175161176175
Finland172168178199200
Turkmenistan154150147146145
Belarus152159167174171
Ireland152141130154155
New Zealand148147148179175
Denmark138134122148148
Azerbaijan122115100101102
Uzbekistan1111111009595
Bulgaria10910095105101
Sri Lanka98116123135126
Slovakia9087838387
Croatia6963596971
Lithuania6463626766
Slovenia5447445255
Luxembourg4953496160
Cyprus4845445252
Latvia3634333834
Estonia2527282730
North Macedonia2422202221
Trinidad and Tobago2424242441
Iceland1712131923
showing: 79 rows

Which country consumes the most oil in the world?

The United States of America consumes the most oil in the world, averaging 17,178,000 per day.

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