Oil - global consumption in barrels per day 1998-2018

Worldwide oil consumption reached approximately 99.84 million barrels per day in 2018. Up by 20 million barrels per day since 1998, global oil consumption has been steadily increasing over the past two decades.

Oil demand by region

As a region, Asia-Pacific has the highest demand for oil in the world, followed closely by the Americas. The United States alone contributes strongly to this high regional demand in the Americas, consuming more petroleum than any other country.

Where is oil produced?

Though the United States has less than five percent of proved oil reserves, it is currently the largest producer of crude oil worldwide, surpassing countries with far higher shares of oil reserves such as Saudi America. With the expansion of the shale oil industry through new methods of extraction like hydraulic fracturing developed since 2008, the United States has become less dependent on oil imports as domestic production has drastically increased.

Global oil consumption from 1998 to 2018

Oil consumption in thousand barrels per day
--
--
--
--
--
--
--
--
--
--
--
--
--
--
--
--
--
--
--
--
--
Exclusive Premium statistic

You need a Premium Account for unlimited access.

  • Full access to 1m statistics

  • Incl. source references

  • Available to download in PNG, PDF, XLS format

Premium Account

only $59 / month *
*Duration: 12 months, billed annually, single license

Access to this and all other statistics on 80,000 topics from

$708 / Year

Show detailed source information?
Register for free
Already a member?
Log in
Source

Release date

June 2019

Region

Worldwide

Survey time period

1998 to 2018

Supplementary notes

According to the source, consumption includes inland demand plus international aviation, marine bunkers, refinery fuel and loss; consumption of fuel ethanol and biodiesel is also included.
Figures prior to 2006 were taken from previous editions of the report.

Open this statistic in...
Statista Accounts: Access All Statistics. Starting from $708 / Year
Basic Account
Get to know the platform

You only have access to basic statistics.
This statistic is not included in your account!

Premium Account
Your perfect start with Statista
  • Instant access to 1m statistics
  • Download in XLS, PDF & PNG format
  • Detailed references

$59 / Month *

Corporate Account
Full access

Corporate solution including all features.

* All products require an annual contract.
   Prices do not include sales tax.

Statistics on "Oil and gasoline prices"

Statista Accounts: Access All Statistics. Starting from $708 / Year
Learn more about how Statista can support your business.