Global Oil Consumption

Updated on 03.06.2024

5 min read

Middle School High School
Life and earth sciences

World oil consumption is increasing again (3.1 %) and should gradually return to its pre-Covid level. The 100 million barrels/day mark is in sight. China's "zero-Covid" policy was the main reason for the drop in 2022 but consumption should rise sharply in 2023.

Global Oil Consumption (in million of barrels/day)

Source: The Energy Institute Statistical Review of World Energy™ 2023
Country202120222021-22 ChangeShare of Global Consumption
United States18.819.11.9 %19.7%
China14.914.3-4.0%14.7%
India4.85.28.1%5.3%
Saudi Arabia3.63.97.4%4.0%
Russia3.53.62.5%3.7%
Japan3.33.303.4%
South Korea2.82.91.5%2.9%
Brazil2.42.54.9%2.6%
Canada2.22.33.5%2.4%
Germany22.11.6%2.1%
Iran1.71.910.2%2.0%
Indonesia1.51.68.5%1.6%
France1.41.4-0.6%1.5%
Total World94.497.33.1%100%

 

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