Top 5 Countries with the Highest Oil Consumption

4. Russia

Total consumption in 2020 (million barrels per day): 3,383

Total consumption in 2021 (million barrels per day): 3,665

Russia is one of the biggest oil exporters in the world but European and G7 embargos and price caps on Russian exports have constrained that severely. Meanwhile, OPEC, which had already agreed on a reduction in production targets, agreed a further cut by a further 1.4 million barrels a day.