United States’s Oil Consumption data is updated yearly, averaging 17,721.826 Barrel/Day th from Dec 1965 to 2018, with 54 observations. The data reached an all-time high of 20,802.215 Barrel/Day th in 2005 and a record low of 11,522.188 Barrel/Day th in 1965. 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 Similarly, oil demand in India has increased by almost 2.0 million BPD over the past decade, from 2.94mbd in 2007 to 4.69 million barrels of oil per day (mbd) in 2017. So, what would happen if these five biggest oil-consuming countries — that need more than 45 million barrels of oil per day — reduced their consumption by half.

In the US, oil demand grew by 0.5 Mb/d its largest increase for well over 10 years and in The top countries in terms of reserves are Venezuela (17.5% of global  13 Feb 2020 The country accounted for about 75% of last year's oil-demand growth, according to the IEA, which advises most major economies. Earlier this  4 Feb 2020 The sharp fall in oil demand is a clear symptom of a drop in business activity in China and a sign that the country's economic growth, which was  The demand for 'oil has been growing in some years at an annual rate that is 20 developing and newly industraisling countries such as China, are already at 

13 Feb 2020 The country accounted for about 75% of last year's oil-demand growth, according to the IEA, which advises most major economies. Earlier this 

This statistic shows the projected demand for oil by world region in 2019 and 2020. 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. The United States of America is the top country by petroleum consumption in the world. As of December 2019, petroleum consumption in the United States of America was 21,039.9 thousand barrels per day. The top 5 countries also includes China, India, Japan, and Republic of Korea. EIA expects global petroleum and liquid fuels consumption will average 99.1 million b/d in the first quarter of 2020, a decline of 0.9 million b/d from the same period in 2019. EIA expects global petroleum and liquid fuels demand will rise by less than 0.4 million b/d in 2020 and by 1.7 million b/d in 2021. For the United States, net consumption excludes the energy consumed by the generating units. For all other countries except the United States, total electric power consumption = total net electricity generation + electricity imports - electricity exports – electricity transmission and distribution losses. 1 Oil includes crude oil, all other petroleum liquids, and biofuels. 2 Production includes domestic production of crude oil, all other petroleum liquids, biofuels, and refinery processing gain. 3 Most recent year for which data are available when this FAQ was updated. The 10 largest oil 1 consumers and share of total world oil consumption in 2016 2. Drip gases, and liquid hydrocarbons produced from tar sands, oil sands, gilsonite, and oil shale. Liquids produced at natural gas processing plants are excluded. Crude oil is refined to produce a wide array of petroleum products, including heating oils; gasoline, diesel and jet fuels; lubricants; asphalt; ethane, propane, and butane; and many other products used for their energy or chemical content. United States’s Oil Consumption data is updated yearly, averaging 17,721.826 Barrel/Day th from Dec 1965 to 2018, with 54 observations. The data reached an all-time high of 20,802.215 Barrel/Day th in 2005 and a record low of 11,522.188 Barrel/Day th in 1965.

9 Mar 2020 However, the U.S. was the world's largest oil-producing country in The supply and demand for oil rose additionally with the discovery of oil in 

Bar chart showing consumption of crude oil by country (World). Country rankings derived from data obtained from the US Energy Information Administration. This article includes a chart representing proven reserves, production, consumption, exports and imports of oil by country.. Methodology. Below the chart numbers there is specified which position a country holds by the corresponding parameter. Dependent territories, not fully recognized countries and supranational entities are not ranked. However, the larger one's army forces are, the greater the demand for oil reserves. As such, the GFP formula takes this into account and penalizes all nations based on the total number of oil consumption. The less reliance on crude, the better for the country - and the smaller the GFP penalty. Oil product consumption barely increased in Russia (+0.5%) and slightly decreased in the European Union (-0.6%) as industry and transport demand remains flat. Latin America’s oil product consumption, which has been declining since 2014, experienced its biggest drop in 2018 (-3.3%). This statistic shows the projected demand for oil by world region in 2019 and 2020. 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. The United States of America is the top country by petroleum consumption in the world. As of December 2019, petroleum consumption in the United States of America was 21,039.9 thousand barrels per day. The top 5 countries also includes China, India, Japan, and Republic of Korea. EIA expects global petroleum and liquid fuels consumption will average 99.1 million b/d in the first quarter of 2020, a decline of 0.9 million b/d from the same period in 2019. EIA expects global petroleum and liquid fuels demand will rise by less than 0.4 million b/d in 2020 and by 1.7 million b/d in 2021.

4 Feb 2020 The sharp fall in oil demand is a clear symptom of a drop in business activity in China and a sign that the country's economic growth, which was 

Similarly, oil demand in India has increased by almost 2.0 million BPD over the past decade, from 2.94mbd in 2007 to 4.69 million barrels of oil per day (mbd) in 2017. So, what would happen if these five biggest oil-consuming countries — that need more than 45 million barrels of oil per day — reduced their consumption by half. Note that the original data set does not consider all the countries of the world. For some countries, values are missing for a certain time period (e.g. for Russia/former UDSSR). "Production" includes crude oil, shale oil, oil sands and NLGs, "consumption" also includes fuel ethanol and biodiesel, refinery fuel and loss. Since its inception in 1983, the IEA's Oil Market Report (OMR) has become recognised as one of the world’s most authoritative and timely sources of data, forecasts and analysis on the global oil market – including detailed statistics and commentary on oil supply, demand, inventories, prices and refining activity, as well as oil trade for OECD and selected non-OECD countries.

Forecaster predicts that countries will take a managed approach, spreading the to announce reduced spending in the new price and demand environment.

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 Similarly, oil demand in India has increased by almost 2.0 million BPD over the past decade, from 2.94mbd in 2007 to 4.69 million barrels of oil per day (mbd) in 2017. So, what would happen if these five biggest oil-consuming countries — that need more than 45 million barrels of oil per day — reduced their consumption by half. Note that the original data set does not consider all the countries of the world. For some countries, values are missing for a certain time period (e.g. for Russia/former UDSSR). "Production" includes crude oil, shale oil, oil sands and NLGs, "consumption" also includes fuel ethanol and biodiesel, refinery fuel and loss. Since its inception in 1983, the IEA's Oil Market Report (OMR) has become recognised as one of the world’s most authoritative and timely sources of data, forecasts and analysis on the global oil market – including detailed statistics and commentary on oil supply, demand, inventories, prices and refining activity, as well as oil trade for OECD and selected non-OECD countries. This is a list of countries by total energy consumption per capita. This is not the consumption of end-users but all energy needed as input to produce fuel and electricity for end-users. It is known as total primary energy supply (TPES), a term used to indicate the sum of production and imports subtracting exports and storage changes (see also Worldwide energy supply). A map of world oil reserves according to OPEC, January 2014 This is a list of countries by proven oil reserves . Proven reserves are those quantities of petroleum which, by analysis of geological and engineering data, can be estimated, with a high degree of confidence, to be commercially recoverable from a given date forward from known reservoirs and under current economic conditions.

9 Mar 2020 However, the U.S. was the world's largest oil-producing country in The supply and demand for oil rose additionally with the discovery of oil in  5 Mar 2020 The Organisation of Petroleum Exporting Countries cartel, which is holding crunch talks in Vienna this week, put forward proposals for the  The United States' dependence on oil has long influenced its foreign policy. Between 1993 and the country's record demand for oil in 2005, consumption  2 Mar 2020 Officials from the Organization of the Petroleum Exporting Countries and Russia are expected to meet in Vienna this week to try to halt plunging