crude oil prices have been on a continual annual increase.
Global consumption of oil has steadily increased over the last three decades, totaling 4.39 billion metric tons in 2022, compared to 4.26 billion metric tons consumed the previous year. The only decline during this period was observed around the 2008-2009 financial crisis and around the 2020 coronavirus pandemic. In recent years, Oil consumption worldwide from 1970 to 2022 (in million metric tons)
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Other statistics that may interest you Oil industry worldwide
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- Oil consumption in Turkey 2012-2022
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- Countries with the largest oil consumption 2015
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- Brazil: peanut oil consumption 2010-2018
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Energy Institute. (June 26, 2023). Oil consumption worldwide from 1970 to 2022 (in million metric tons) [Graph]. In Statista. Retrieved June 05, 2024, from https://www.statista.com/statistics/265261/global-oil-consumption-in-million-metric-tons/
Energy Institute. "Oil consumption worldwide from 1970 to 2022 (in million metric tons)." Chart. June 26, 2023. Statista. Accessed June 05, 2024. https://www.statista.com/statistics/265261/global-oil-consumption-in-million-metric-tons/
Energy Institute. (2023). Oil consumption worldwide from 1970 to 2022 (in million metric tons). Statista. Statista Inc.. Accessed: June 05, 2024. https://www.statista.com/statistics/265261/global-oil-consumption-in-million-metric-tons/
Energy Institute. "Oil Consumption Worldwide from 1970 to 2022 (in Million Metric Tons)." Statista, Statista Inc., 26 Jun 2023, https://www.statista.com/statistics/265261/global-oil-consumption-in-million-metric-tons/
Energy Institute, Oil consumption worldwide from 1970 to 2022 (in million metric tons) Statista, https://www.statista.com/statistics/265261/global-oil-consumption-in-million-metric-tons/ (last visited June 05, 2024)
Oil consumption worldwide from 1970 to 2022 (in million metric tons) [Graph], Energy Institute, June 26, 2023. [Online]. Available: https://www.statista.com/statistics/265261/global-oil-consumption-in-million-metric-tons/