#oil #oilconsumption
Top Oil consuming Countries in World (1965-2019) | World Oil Consumption
The United States
United States consumed 18.5 million barrels of oil per day (mbd) in 2012, which accounted for nearly 20% of the world’s total oil consumption per day. The highest level of oil consumption in US history was 20.8mbd, which occurred in 2005. Consumption has since been declining, however, and the nation consumed 2.3% less oil in 2012 compared to the previous year.
China
China’s oil consumption stood at 10.3mbd in 2012, accounting for about 11.7% of the world’s total oil consumption making it the second biggest oil consumer after the US. China’s oil consumption has more than doubled since 2000 and the consumption in 2012 increased by five percent compared to the previous year.
Japan
Japan consumed 4.7mbd of oil in 2012 about 5.3% of the world’s total oil consumption. The country consumed more than 5mbd of oil from 1989 to 2007 and the highest oil consumption in its history was recorded at 5.7mbd in 1996. Japan’s oil consumption steadily declined from 2005 to 2009, but increased thereafter. Its oil consumption in 2012 was 6.3% higher than in the previous year.
India
India oil consumption in 2012 stood at 3.6mbd, five percent higher than the previous year, accounting for about 4.2% of the world’s average oil consumption per day during the year. The country’s oil consumption has increased about three-fold in the last 20 years.
Russia
At 3.2mbd accounting for about 3.6% of the world’s total oil consumption per day in 2012. Russia’s oil consumption declined from 4.4mbd in 1992 to 2.48mbd in 1998 and again surpassed 3mbd mark in 2011. Its average daily oil consumption in 2012 was 2.5% higher than the previous year.
Russia is the third biggest oil producer after the United States and Saudi Arabia, and the second biggest oil exporter after Saudi Arabia. The country’s total oil production increased from 9.8mbd in 2008 to 10.4mbd in 2012 and its net oil exports during the same period increased from 6.89mbd to 7.2mbd. European countries, especially Germany, Netherlands and Poland, account for more than 80% of Russia’s oil exports.
Saudi Arabia
Saudi Arabia consumed 2.86mbd of oil in 2012, accounting for about 3.1% of the world’s total oil consumption per day. Average daily oil consumption in 2012 increased by 3.9% compared to the previous year, the highest level seen in the last 30 years.
Top Oil Producing Countries in World (1965-2019) | Latest by Graph & Charts
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Top 10 Countries By Oil Consumption-1980 to 2017, World oil consumption, US Oil Consumption, China Oil Consumption, USA Oil Usage, China Oil usage, India Oil usage, crude oil price, crude oil price chart, oil prices, oil price news, oil refinery, oil price today, oil production, oil reserves, oil producing countries, list of countriesOil Consumption
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