Oil Consumption By Country 2021

Crude oil is a mineral consisting of a mixture of hydrocarbons of natural origin, ranging from yellow to black, and of variable density and viscosity. Crude oil is extracted and undergoes distillation to break down the liquid into various products.

Crude oil produces many beneficial products that have improved the quality of life for people around the world. The majority of crude oil produces gasoline, diesel, jet fuel, and heating oils. Heavier oil products are used to make asphalt and lubricating oils such as petroleum.

Crude oil is the main source of energy globally. In 2018, the world used approximately 99.3 million barrels of oil per day.

Oil reserves denote the amount of crude oil located in a particular region that can be recovered using current technological constraints and at a cost that is feasible at the current oil prices. Venezuela currently has the largest oil reserves in the world.

In 2018, the United States became the largest producer of crude oil, surpassing both Russia and Saudi Arabia, producing about 12.1 million barrels per day. Alaska, Texas, North Dakota, New Mexico, and Oklahoma are the largest oil-producing states in the U.S.

Global oil demand is expected to continue to decline in 2020 as a result of the COVID-19 pandemic, constricting traveling and economic activity.

Oil Consumption by Country

There is an estimated 1.65 trillion barrels of proven oil reserves in the world as of 2016. It is estimated that the world consumes over 97 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 about 47 years of oil left at the current consumption levels.

The United States is both the largest producer of oil and the largest consumer. The United States consumes about 19.69 million barrels of oil per day, which is more than the entire European Union. This is about 20% of the world’s total oil consumption. This is followed by China, which consumes 11.75 million barrels of oil per day, accounting for about 12% of total consumption, and India, which consumes about 4.49 million barrels per day, accounting for about 4.6% of consumption.

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. Despite having the smallest population of the three, the United States has the highest consumption.

The top ten consumers of oil account for 60% of the world’s total oil consumption. These countries are:

All other countries account for about 40% of the world’s total oil consumption.

Some of the smallest consumers of crude oil are Niue at 60 barrels per day, Saint Helena at 80 barrels per day, the Falkland Islands at 300 barrels per day, and Nauru and Kiribati, which both consume about 400 barrels per day. These nations have notably smaller populations and fewer vehicles and planes that require larger amounts of crude oil.

Here are the 10 countries with the highest oil consumption:

  1. United States (19,690,000)
  2. China (11,750,000)
  3. India (4,489,000)
  4. Japan (4,026,000)
  5. Russia (3,594,000)
  6. Saudi Arabia (3,237,000)
  7. Brazil (3,018,000)
  8. South Korea (2,630,000)
  9. Germany (2,410,000)
  10. Canada (2,379,000)

Oil Consumption By Country 2021

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Oil Consumption By Country 2021

Country Barrels Per Day 2021 Population
United States19,690,000332,915,073
China11,750,0001,444,216,107
India4,489,0001,393,409,038
Japan4,026,000126,050,804
Russia3,594,000145,912,025
Saudi Arabia3,237,00035,340,683
Brazil3,018,000213,993,437
South Korea2,630,00051,305,186
Germany2,410,00083,900,473
Canada2,379,00038,067,903
Mexico2,027,000130,262,216
Iran1,922,00085,028,759
France1,661,00065,426,179
Indonesia1,615,000276,361,783
United Kingdom1,586,00068,207,116
Singapore1,582,0005,896,686
Spain1,287,00046,745,216
Thailand1,272,00069,950,850
Italy1,253,00060,367,477
Australia1,100,00025,788,215
Netherlands973,00017,173,099
Taiwan955,30023,855,010
Turkey943,70085,042,738
United Arab Emirates901,0009,991,089
Iraq850,00041,179,350
Argentina803,00045,605,826
Egypt802,000104,258,327
Malaysia760,00032,776,194
Venezuela747,00028,704,954
Belgium662,40011,632,326
South Africa660,00060,041,994
Poland578,20037,797,005
Pakistan517,000225,199,937
Kuwait500,0004,328,550
Philippines455,500111,046,913
Algeria428,00044,616,624
Vietnam422,00098,168,833
Hong Kong388,5007,552,810
Colombia345,00051,265,844
Chile337,40019,212,361
Sweden320,20010,160,169
Nigeria316,000211,400,708
Greece299,60010,370,744
Morocco286,00037,344,795
Qatar280,0002,930,528
Ecuador274,00017,888,475
Austria267,5009,043,070
Libya262,0006,958,532
Ukraine248,00043,466,819
Peru240,00033,359,418
Portugal234,70010,167,925
Norway227,7005,465,630
Switzerland217,4008,715,494
Finland200,7005,548,360
Israel199,9008,789,774
Kazakhstan186,30018,994,962
Romania182,00019,127,774
Czech Republic180,40010,724,555
Cuba180,00011,317,505
Oman176,0005,223,375
Belarus172,0009,442,862
New Zealand167,7004,860,643
Jordan160,00010,269,021
Denmark158,2005,813,298
Turkmenistan158,0006,117,924
Hungary157,2009,634,164
Puerto Rico155,0002,828,255
Ireland151,7004,982,907
Panama144,0004,381,579
Lebanon143,0006,769,146
Angola142,00033,933,610
Syria140,00018,275,702
Yemen140,00030,490,640
United States Virgin Islands132,000104,226
Afghanistan130,00039,835,428
Dominican Republic114,00010,953,703
Sudan110,00044,909,353
Sri Lanka107,00021,497,310
Bangladesh107,000166,303,498
Azerbaijan101,00010,223,342
Tunisia98,00011,935,766
Guatemala94,77018,249,860
Kenya93,00054,985,698
Bulgaria89,0006,896,663
Bolivia85,58011,832,940
Slovakia84,2905,460,721
Gibraltar70,00033,698
Serbia66,2308,697,550
Ethiopia65,000117,876,227
Ghana64,32031,732,129
Croatia63,8504,081,651
Uzbekistan61,00033,935,763
Tanzania60,00061,498,437
Bahrain58,0001,748,296
Jamaica57,6002,973,463
Luxembourg56,120634,814
Uruguay54,0003,485,151
Costa Rica54,0005,139,052
Lithuania53,0002,689,862
Slovenia52,3002,078,724
Honduras52,00010,062,991
Cyprus46,0001,215,584
Trinidad And Tobago46,0001,403,375
Benin44,00012,451,040
Senegal44,00017,196,301
Ivory Coast43,00027,053,629
Malta42,000442,784
Papua New Guinea42,0009,119,010
Cameroon42,00027,224,265
Cambodia39,00016,946,438
Paraguay38,0007,219,638
Latvia37,6801,866,942
El Salvador36,2306,518,499
Kyrgyzstan33,0006,628,356
Nepal32,00029,674,920
Bosnia And Herzegovina31,0003,263,466
Nicaragua30,0006,702,385
Dr Congo30,00092,377,993
Estonia29,1401,325,185
Zimbabwe29,00015,092,171
Albania27,0002,872,933
Uganda27,00047,123,531
Mauritius26,0001,273,433
Mongolia26,0003,329,289
Namibia25,0002,587,344
Bahamas24,000396,913
Botswana23,0002,397,241
Georgia23,0003,979,765
Tajikistan23,0009,749,627
Zambia23,00018,920,651
Mozambique23,00032,163,047
Gabon22,0002,278,825
Burkina Faso22,00021,497,096
Moldova21,7204,024,019
Iceland19,800343,353
Haiti19,00011,541,685
Brunei18,000441,532
Republic Of The Congo18,0005,657,013
North Korea18,00025,887,041
New Caledonia17,000288,218
Fiji16,000902,906
Mauritania16,0004,775,119
Guinea16,00013,497,244
Guam15,400170,179
Madagascar15,00028,427,328
Suriname14,000591,800
Togo14,0008,478,250
Guyana13,000790,326
Niger13,00025,130,817
Macau12,700658,394
Barbados12,000287,711
Maldives11,000543,617
South Sudan11,00011,381,378
Armenia8,0002,968,127
Aruba7,500107,204
Montenegro7,500628,053
Sierra Leone7,5008,141,343
Mali7,50020,855,735
French Polynesia7,000282,530
Malawi7,00019,647,684
Liberia6,6005,180,203
Seychelles6,50098,908
Greenland6,00056,877
Djibouti6,0001,002,187
Rwanda6,00013,276,513
Somalia5,70016,359,504
Equatorial Guinea5,2001,449,896
Antigua And Barbuda5,00098,731
Eswatini5,0001,172,362
Lesotho5,0002,159,079
Cayman Islands4,00066,497
Faroe Islands3,94749,049
Belize3,700404,914
Gambia3,6002,486,945
Eritrea3,6003,601,467
Laos3,5007,379,358
Bermuda3,30062,090
Saint Lucia3,100184,400
Bhutan3,000779,898
Central African Republic3,0004,919,981
Guinea Bissau2,5002,015,494
American Samoa2,37555,100
Chad2,20016,914,985
Marshall Islands2,00059,610
Saint Kitts And Nevis1,90053,544
Western Sahara1,700611,875
Saint Vincent And The Grenadines1,600111,263
Solomon Islands1,600703,996
Tonga1,500106,760
Burundi1,50012,255,433
Turks And Caicos Islands1,34039,231
Comoros1,300888,451
British Virgin Islands1,20030,421
Samoa1,100200,149
Dominica1,00072,167
Sao Tome And Principe1,000223,368
Vanuatu1,000314,464
Grenada860113,021
Saint Pierre And Miquelon6305,766
Montserrat5704,977
Cook Islands53017,565
Nauru40010,876
Kiribati400121,392
Falkland Islands3003,533
Niue601,619

Oil Consumption By Country 2021