How many barrels of oil are used each year

To compare this with current production rates, the US, Saudi Arabia, and Russia each produce more than that. Total estimated world oil consumption, from to , then, is estimated at 1. Not every producing country kept good tabs on the amount of oil it pumped out of the ground, and even fewer countries kept good records on how much oil it consumed. For this reason, estimates for how much oil the world was consuming prior to vary wildly.

And clearly, the record-keeping ability is worse the farther you go back in history. In , a pair of chemists from the Academy of Sciences estimated that the world had pumped billion tonnes of crude. This equates roughly to billion barrels of oil. We can assume that this estimation including production through Profit from additional features by authenticating your Admin account. Then you will be able to mark statistics as favourites and use personal statistics alerts.

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Oil consumption in the U. Further Content: You might find this interesting as well. Statistics Oil consumption in the U. Topics Global oil refinery industry. Learn more about how Statista can support your business. Despite having the smallest population of the three, the United States has the highest consumption.

These countries are:. Some of the smallest consumers of crude oil are Niue at 60 barrels per day, Saint Helena at 80 barrels per day, the Falkland Islands at barrels per day, and Nauru and Kiribati , which both consume about barrels per day.

These nations have notably smaller populations and fewer vehicles and planes that require larger amounts of crude oil. Oil Consumption By Country Oil Consumption by Country There is an estimated 1.

Here are the 10 countries with the highest oil consumption: United States 19,, China 11,, India 4,, Japan 4,, Russia 3,, Saudi Arabia 3,, Brazil 3,, South Korea 2,, Germany 2,, Canada 2,, Show Source.

Barrels Per Day.