Worldwide oil consumption by year

The chart shows oil consumption by region over the last 50 years. Over this period, on relative terms we see a decreasing share of global  15 Nov 2019 China was the largest contributor, with demand increasing by 640,000 barrels a day year-on-year, and the energy agency's closely-watched 

21 Feb 2018 Global oil consumption is likely to peak in the late 2030s according to a The 197 countries that signed up to the agreement in May last year  27 Mar 2019 At the end of last year, planetary oil consumption was estimated at 99.3 million barrels per day which means that the infamous 100-million-barrels  10 Jul 2014 The 1.1 million bpd gain in US oil production was the largest year over year gain for any country in 2013, and the largest gain in US history. For  Current Oil Consumption in the World: 31.1 barrels per day (bbl/day) per 1000 people 1 barrel = (42 US gallons, 158.9873 litres,or Last updated: 10 years ago. 8 Dec 2013 The United States is the biggest oil consuming country in the world. This decline in oil consumption during recent years is attributed to  10 Jul 2015 projections — one of the biggest surprises to have occurred in global oil markets in recent years. Petroleum consumption in the US was lower  year. In the chapters “Reserves/Production Ratio” and “Production/Consumption Ratio”, the list of the “The world top. 10…” is drawn up by selecting the largest 

24 Nov 2017 Part II: Predicting the Declines in Regional Oil Consumption confronted with the economic consequences of the onset of the world's final oil of the average per capita oil consumption of about 5%/year is predicted for most 

Global oil demand by region 2019-2020 Published by M. Garside, Feb 14, 2020 Projected oil demand in Asia-Pacific is the highest in the world, at 36.7 million barrels daily in 2020, followed closely Energy consumption in the G20 increased by more than 5% in 2010 after a slight decline of 2009. In 2009, world energy consumption decreased for the first time in 30 years by 1.1%, or about 130 million tonnes of oil equivalent , as a result of the financial and economic crisis, which reduced world GDP by 0.6% in 2009. How much oil is consumed in the United States? Only a small amount of crude oil is directly consumed in the United States. Nearly all of the crude oil that is produced in or imported into the United States is refined into petroleum products such as gasoline, diesel fuel, heating oil, and jet fuel, which are then consumed. For 2019, a total global demand of 101.6 million barrels of oil per day was estimated. Of that amount, almost one third goes to the Asian-Pacific and the Americas regions, respectively. For 2019, a total global demand of some 100.3 million barrels per day was predicted.

Global oil demand by region 2019-2020 Published by M. Garside, Feb 14, 2020 Projected oil demand in Asia-Pacific is the highest in the world, at 36.7 million barrels daily in 2020, followed closely

Demand. The consumption of oil is far from being a constant growth process. Between 1990 and 2000, annual oil consumption increased by 14% with expectations that this process may go on up to 2020, especially in Pacific Asia with countries such as China importing more oil. However, EIA estimates that Saudi Arabia’s crude oil production returned to pre-outage levels as of October 3. EIA forecasts that annual average OPEC crude oil production will average 29.8 million b/d in 2019, down by 2.1 million from 2018, and 29.6 million b/d in 2020. The outlook for long-term demand estimates that the total global demand for oil will amount to nearly 140 million barrels per day in the year 2040. Of that amount, developing countries are Global oil demand by region 2019-2020 Published by M. Garside, Feb 14, 2020 Projected oil demand in Asia-Pacific is the highest in the world, at 36.7 million barrels daily in 2020, followed closely Energy consumption in the G20 increased by more than 5% in 2010 after a slight decline of 2009. In 2009, world energy consumption decreased for the first time in 30 years by 1.1%, or about 130 million tonnes of oil equivalent , as a result of the financial and economic crisis, which reduced world GDP by 0.6% in 2009.

Chart and table showing yearly consumption of crude oil by country (World). Data obtained from the US Energy Information Administration.

Oil consumption, thousand barrels per day, 2014 - Country rankings: The average for 2014 based on 192 countries was 485.24 thousand barrels per day. Consequently, the concept of peak oil can be inferred to global oil reserves, but with 2010 peak oil scenarios did not take place (peak of 30 billion barrels per year). Between 1990 and 2000, annual oil consumption increased by 14% with  

Consequently, the concept of peak oil can be inferred to global oil reserves, but with 2010 peak oil scenarios did not take place (peak of 30 billion barrels per year). Between 1990 and 2000, annual oil consumption increased by 14% with  

While worldwide oil consumption rises, expected high crude prices will reduce demand by some eight million bpd than forecast last year in 2025 to 111 million bpd, EIA said. This year's forecast has projections out to 2030 for the first time. The United States of America is the top country by production of crude oil in the world. As of December 2019, production of crude oil in the United States of America was 12,861.29 thousand barrels per day. The top 5 countries also includes Russian Federation, Saudi Arabia, Iraq, and Canada. Total estimated world oil consumption, from 1950 to 2018, then, is estimated at 1.457 trillion barrels. But what about before 1950? China’s coal consumption and total energy consumption increased by 1% and 3.3%, respectively, in 2019. Consumption of natural gas rose by 8.6%, followed by crude oil (+6.8%) and electricity (+4.5%). Overall, gas, hydropower, nuclear and wind power accounted for 23.4% of the total energy consumption (+1.3 percentage points on 2018). EIA uses product supplied as a proxy for U.S. petroleum consumption. In 2018, the United States consumed an average of about 20.5 million barrels of petroleum per day, or a total of about 7.5 billion barrels of petroleum products.

3 May 2014 DEFINITION: This entry is the total oil consumed in barrels per day (bbl/day). The discrepancy between the amount of oil produced and/or