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Oil Consumption 2023 (1k barrels/day)

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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 States18,862
China14,970
India5,209
Saudi Arabia3,854
Russia3,615
Japan3,504
South Korea2,856
Brazil2,512
Canada2,312
Germany2,072

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):

  • Values displayed are in thousands of barrels of oil consumed per day.
  • For example, France's displayed value of 1,348 represents consumption of 1,348,000 barrels per day.
  • Data for Palestine includes territories of West Bank and Gaza Strip.
  • Biogasoline such as ethanol and biodiesel are excluded, as those are totaled with biofuels

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Country
Oil Consumption 2023 (1k barrels/day)
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)
Oil Cons. 2015 (1000b/day)
Oil Cons. 2010 (1000b/day)
Oil Cons. 2000 (1000b/day)
Oil Cons. 1990 (1000b/day)
Oil Cons. 1980 (1000b/day)
Oil Cons. 1970 (1000b/day)
United States18,98418,86218,78517,18319,42419,41718,49918,32219,59416,94017,05614,697
China16,57714,97014,89314,40814,32213,64311,8909,3074,6552,2041,643554
India5,4465,2094,7984,7005,1504,9744,1473,3082,2871,212643390
Saudi Arabia4,0523,8543,6103,4453,6423,8713,9643,1691,6271,136592435
Russia3,6353,6153,4833,2943,4383,3763,2772,8792,5405,042
Japan3,3663,5043,3393,2763,6923,8154,1164,4235,6965,2774,9873,876
South Korea2,7972,8562,8162,6302,7892,8002,5862,3612,2091,041476162
Brazil2,5672,5122,3942,2182,3612,3682,5832,3461,9421,2781,142520
Canada2,3512,3122,2102,1242,4872,4762,4312,3822,0631,7551,9431,472
Mexico1,9621,9311,7491,6011,8141,9182,0382,1762,0411,6841,072441
Germany1,9552,0722,0422,0492,2702,2552,2692,3732,7412,6853,0142,765
Iran1,8171,8531,7351,7001,7801,7001,5641,6851,347949565220
Indonesia1,6041,5971,4611,4001,5821,6161,5051,4201,111631394138
Singapore1,3591,2031,2481,2641,3121,3391,2321,112696444179138
France1,3481,3601,4281,3061,5271,5381,5441,7031,9861,8952,2201,860
United Kingdom1,3251,3091,2171,1841,5281,5641,5211,5871,7081,7511,6492,031
Spain1,2281,2451,1561,0561,2871,2861,2091,3961,4209831,043534
Thailand1,2211,2211,1731,1581,2941,2821,1851,025753405230103
Italy1,2211,2361,1581,0391,2591,3001,2641,5081,9581,9691,9291,659
United Arab Emirates1,1391,110990904960988923654376297993
Turkey1,1361,0721,003937999989919694667476306136
Australia1,0569999419161,0641,0761,015935827681642497
Malaysia93083777972586780475468949423516168
Iraq87582570062275678668553049533015353
Netherlands8508278458468889189261,007845751780700
Taiwan8408889909479871,0401,0421,040867562364105
Egypt742756644598686721810736553457256117
Poland700698676640679663542577426325347181
Argentina690723632504567645695583467407504473
Vietnam6025344705065995814753551746040128
Belgium556583600541628668612644616473506512
South Africa522512502465567574601525456349248179
Colombia484478428331394392323283241207160135
Philippines471451410378460451386307345235215144
Algeria44041840538543041342532919021212043
Chile41641138034637837934032524814011197
Kuwait411420422424451473465481228877892
Venezuela396310226203339410697739565428423210
Pakistan39448950343444649950541137221610392
Qatar370360313289367347356187493282
Kazakhstan349323328302345338289206160440
Morocco3002992912582932872682581501138639
Greece297297261246304294294366397314246130
Ecuador2872712482032492552542201391116222
Peru26926124820226225422718415311913195
Hong Kong26821425528440843436735920413112675
Bangladesh24028321317120420815680683832
Sweden240240248255292273279315335393609551
Austria234234239231266256240261242222240176
Oman2332262001762172241861295838182
Romania223224217205221212186181197363366218
Israel223226209199231229211222267173156104
Portugal21622820920324723923826532823716892
Norway213209207203213221217227194192199161
Czech Republic206205201181209207184189166174225137
Ukraine2042012302272392402152932491,305
Switzerland188185181179216212226242260270266254
Hungary167172175161176175153142144191231118
Finland164179168178199200196206218231251207
New Zealand157147147148179175160148130918582
Denmark153152134122148148146162211184269351
Belarus148147159167174171138158157518
Ireland1481491411301541551431551699211379
Turkmenistan1461471501471461451451188793
Azerbaijan1301261151001011029866120166
Uzbekistan126126111100959583103145225
Sri Lanka108981161231351261119275353129
Bulgaria10610710095105101958589199271173
Slovakia88888783838774807310012979
Croatia70686359697168768092
Lithuania656463626766565448145
Cyprus484845445252465549311713
Luxembourg474853496160545948332226
Slovenia44494744525549545035
Latvia35343433383435362665
Trinidad and Tobago333224242441454535253241
Estonia27282728273029282267
North Macedonia24242220222120191921
Iceland171812131923171516131210
showing: 79 rows

Which country consumes the most oil in the world?

The United States of America consumes the most oil in the world, with average consumption of 19,140,000 barrels per day in 2022.

Frequently Asked Questions

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