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Global oil demand is expected to grow by just under 900 kb/d in 2024 and by around 1 mb/d in 2025, significantly lower than the 2 mb/d seen in 2023. Chinese oil demand is particularly weak, with consumption dropping by 500 kb/d y-o-y in August – its fourth consecutive month of declines. More @Wikipedia
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- Oil consumption - Our World in DataDifferences between the world consumption figures and world production statistics are accounted for by stock changes, consumption of non-petroleum additives and substitute fuels and unavoidable disparities in the definition, measurement or conversion of oil supply and demand data.
- Short-Term Energy Outlook - U.S. Energy Information Administration (EIA)We reduced our forecast of total OECD oil consumption by 0.2 million b/d in 2025 compared with last month’s STEO as a result of weaker expectations for industrial production and manufacturing growth in the United States and Canada.
- World Oil Statistics - WorldometerThe world consumes 35,442,913,090 barrels of oil as of the year 2016, equivalent to 97,103,871 barrels per day. Global oil consumption per capita is 5 barrels of oil (197 gallons) per person yearly (based on the 2016 world population of 7,558,554,526 people) or 0.5 gallons per capita per day.
- Oil Information - Data product - IEA - International Energy AgencyAnnual Oil Statistics (AOS) contains data in thousand tonnes for crude oil, NGL, and 17 petroleum products. Some major series for oil demand and supply for the world and regional aggregates are also included up to 2023 based on preliminary data.
- US Oil Consumption, 1965 – 2024 | CEIC DataUS Oil Consumption data is updated yearly, averaging 17,634.400 Barrel/Day th from Dec 1965 to 2023, with 59 observations. The data reached an all-time high of 20,531.482 Barrel/Day th in 2005 and a record low of 11,512.436 Barrel/Day th in 1965.
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