Top 5 Countries with the Highest Oil Consumption in the World

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1. United States       

Consumption of barrels per day in 2023 (in thousands): 18,984        

Consumption of barrels per day in 2022 (in thousands): 18,862      

Year-over-Year Change in Consumption: 0.6%

Next, we have the United States of America. The consumption in the country is expected to grow in 2024 amidst strong demand from the household sector, and the transportation sector, which accounted for 67% of the consumption of total oil in 2022. The EIA sees the consumption growing in 2024 to 20.5 million barrels per day.

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