Road transportation is the greatest oil demanding sector in OECD (Organisation for Economic Co-operation and Development) member states. In 2023, 49.02 percent of all oil consumed in the OECD was related to motor vehicle usage. By comparison, the petrochemical sector which manufactures plastics, resins, and other petroleum-based products, only made up about an eighth of total demand. U.S. and China by far largest consumers The United States and China are the greatest oil consumers worldwide by a wide margin. In 2023, daily oil consumption in these countries amounted to 19 million barrels and 16.6 million barrels, respectively. Daily global crude oil demand, including biofuels, reached 102.21 million barrels in 2023, up from 99.57 million barrels in 2022. The future road sector Oil is used in numerous manufacturing processes and still accounts for a large chunk of primary energy supply worldwide. It is largely used to produce transportation fuels such as gasoline, diesel, and kerosene. As such, demand is also shaped by a growth or decline in internal-combustion engine vehicle usage and overall economic performance. During the 2020 pandemic, oil demand within the road sector decreased as lockdowns were enforced across the world. With many countries pushing for a wider adoption of electric vehicles, oil demand in the road sector is likely to be further affected going forward.

The transportation sector is the greatest consumer of petroleum in the United States. In 2024, it was responsible for the consumption of roughly 13.8 million barrels of petroleum per day. The industrial sector followed, using an average of 5.4 million barrels per day.

Key information about United States Oil Consumption

• United States Oil Consumption was reported at 18,983.557 Barrel/Day th in Dec 2023
• This records an increase from the previous number of 18,862.210 Barrel/Day th for Dec 2022
• US 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
• US Oil Consumption data remains active status in CEIC and is reported by BP PLC
• The data is categorized under World Trend Plus’s Association: Energy Sector – Table RB.BP.OIL: Oil: Consumption

Learn about the major sectors that contribute to global oil consumption and their levels of consumption and dependency on oil. Discover how the transportation, industrial, residential and commercial, and electricity generation sectors drive global oil use and how factors such as economic growth and environmental regulations influence oil demand. Understand the potential impact of shifts towards cleaner energy sources on future oil consumption trends.

This table contains figures on the supply and consumption of energy broken down by sector and by energy commodity. The energy supply is equal to the indigenous production of energy plus the receipts minus the deliveries of energy plus the stock changes. Consumption of energy is equal to the sum of own use, distribution losses, final energy consumption, non-energy use and the total net energy transformation. For each sector, the supply of energy is equal to the consumption of energy.

For some energy commodities, the total of the observed domestic deliveries is not exactly equal to the sum of the observed domestic receipts. For these energy commodities, a statistical difference arises that can not be attributed to a sector.

The breakdown into sectors follows mainly the classification as is customary in international energy statistics. This classification is based on functions of various sectors in the energy system and for several break downs on the international Standard Industrial Classification (SIC). There are two main sectors: the energy sector (companies with main activity indigenous production or transformation of energy) and energy consumers (other companies, vehicles and dwellings). In addition to a breakdown by sector, there is also a breakdown by energy commodity, such as coal, various petroleum products, natural gas, renewable energy, electricity and heat and other energy commodities like non renewable waste.

The definitions used in this table are exactly in line with the definitions in the Energy Balance table; supply, transformation and consumption. That table does not contain a breakdown by sector (excluding final energy consumption), but it does provide information about imports, exports and bunkering and also provides more detail about the energy commodities.

Data available: From: 1990.

Status of the figures: Figures up to and including 2022 are definite. Figures for 2023 and 2024 are revised provisional.

Changes as of June 2025: Figures for 2024 have been updated.

Changes as of March 17th 2025: For all reporting years the underlying code for 'Total crudes, fossil fraction' and 'Total kerosene, fossiel fraction' is adjusted. Figures have not been changed.

Changes as of November 15th 2024: The structure of the table has been adjusted. The adjustment concerns the division into sectors, with the aluminum industry now being distinguished separately within the non-ferrous metal sector. This table has also been revised for 2015 to 2021 as a result of new methods that have also been applied for 2022 and 2023. This concerns the following components: final energy consumption of LPG, distribution of final energy consumption of motor gasoline, sector classification of gas oil/diesel within the services and transfer of energy consumption of the nuclear industry from industry to the energy sector. The natural gas consumption of the wood and wood products industry has also been improved so that it is more comparable over time. This concerns changes of a maximum of a few PJ.

Changes as of June 7th 2024: Revised provisional figures of 2023 have been added.

Changes as of April 26th of 2024 The energy balance has been revised for 2015 and later on a limited number of points. The most important is the following: 1. For solid biomass and municipal waste, the most recent data have been included. Furthermore data were affected by integration with figures for a new, yet to be published StatLine table on the supply of solid biomass. As a result, there are some changes in receipts of energy, deliveries of energy and indigenous production of biomass of a maximum of a few PJ. 2. In the case of natural gas, an improvement has been made in the processing of data for stored LNG, which causes a shift between stock changes, receipts of energy and deliveries of energy of a maximum of a few PJ.

Changes as of March 25th of 2024: The energy balance has been revised and restructured. This concerns mainly the following: 1. Different way of dealing with biofuels that have been mixed with fossil fuels 2. A breakdown of the natural gas balance of agriculture into greenhouse horticulture and other agriculture. 3. Final consumption of electricity in services

Dataset from Energy Market Authority. For more information, visit https://data.gov.sg/datasets/d_f9909d597f912b7fc556c9c3850ea6a4/view

Key information about China Oil Consumption

• China Oil Consumption was reported at 16,576.537 Barrel/Day th in Dec 2023
• This records an increase from the previous number of 14,969.983 Barrel/Day th for Dec 2022
• China Oil Consumption data is updated yearly, averaging 2,965.072 Barrel/Day th from Dec 1965 to 2023, with 59 observations
• The data reached an all-time high of 16,576.537 Barrel/Day th in 2023 and a record low of 215.494 Barrel/Day th in 1965
• China Oil Consumption data remains active status in CEIC and is reported by BP PLC
• The data is categorized under World Trend Plus’s Association: Energy Sector – Table RB.BP.OIL: Oil: Consumption

This dataset contains information about the consumption of oil and gas products for public and industrial segments in Saudi Arabia, for 2005-2021. Data from Saudi Central Bank (SAMA). Follow datasource.kapsarc.org and it’s APIs to stay in sync and advance energy economics research.Note: Blank fields: Not Available*Natural gas data were separated starting from 2021.

China Crude Oil Consumption: Industry: Mfg: Textile data was reported at 0.001 Ton mn in 2018. This records an increase from the previous number of 0.000 Ton mn for 2017. China Crude Oil Consumption: Industry: Mfg: Textile data is updated yearly, averaging 0.002 Ton mn from Dec 1985 (Median) to 2018, with 28 observations. The data reached an all-time high of 0.059 Ton mn in 1985 and a record low of 0.000 Ton mn in 2017. China Crude Oil Consumption: Industry: Mfg: Textile data remains active status in CEIC and is reported by National Bureau of Statistics. The data is categorized under Global Database’s China – Table CN.RBB: Crude Oil Consumption.

The statistic presents the crude oil consumption in China in 2012, by sector. That year, the mining and quarrying sector in China had consumed approximately 11 million tons of crude oil.

Forecast: Petroleum Consumption in Industry in China 2023 - 2027 Discover more data with ReportLinker!

In 2023, Russia consumed over 165 million metric tons of oil, marking an increase of 1.9 million metric tons compared to the previous year. That was the highest figure over the period under consideration. In 2020, oil consumption declined following the coronavirus (COVID-19) pandemic and a subsequent drop in car sales across the country. Oil use in the transport sector Russia is the world’s fifth-largest oil consumer. The largest share of petroleum in the country is used by its transport sector, with motor gasoline occupying the largest portion of final oil consumption. Given relatively low gasoline prices compared to the world and no advanced compressed natural gas (CNG) or electric vehicle markets, the road transportation sector in Russia strongly relies on oil. Energy transition: prospects for Russia? A decline in the global oil demand is expected to have a negative effect on Russia’s energy exports. Furthermore, domestic oil consumption volume is forecast to noticeably decrease under both rapid transition and business-as-usual scenarios. From 6.4 exajoules of oil consumed in 2019, oil consumption in Russia is expected to decline to 5.6 exajoules under the 2050 New Momentum scenario and to 2.4 exajoules under the 2050 Net Zero scenario.

The global light crude oil market is experiencing robust growth, driven by increasing global energy demand and the continued reliance on petroleum-based products across various sectors. While precise figures for market size and CAGR are not provided, we can extrapolate reasonable estimations based on industry trends. Considering the significant role light crude oil plays in the energy mix, and factoring in projected growth in transportation, industrial production, and agricultural activities, a conservative estimate would place the 2025 market size at approximately $500 billion USD. Assuming a moderate, yet sustainable, CAGR of 3% over the forecast period (2025-2033), the market is poised to surpass $700 billion USD by 2033. Key drivers include expanding economies, particularly in developing nations, which are experiencing rapid industrialization and urbanization, fueling energy consumption. The increasing adoption of light crude oil in diverse applications, like transportation (cars, trucks, and airplanes), mining operations (heavy machinery), and agriculture (fertilizers and pesticides), also contributes significantly to market growth. However, growing environmental concerns regarding carbon emissions and increasing government regulations aimed at promoting renewable energy sources represent key restraints. The market segmentation reveals the significance of the "Very Light Oils" type within the broader light crude oil sector, and the automotive industry as a dominant application segment. The competitive landscape includes both major international oil companies like Hess, ConocoPhillips, and BP, alongside national and regional players. Geographical distribution showcases North America as a key region, owing to its substantial oil reserves and production capacity. However, the Asia-Pacific region, particularly China and India, is expected to exhibit the highest growth rates due to burgeoning energy demand fueled by economic expansion and population growth. Europe, while mature in terms of oil consumption, continues to play a significant role, influenced by its established industrial base and transportation networks. Strategic alliances, technological advancements in extraction and refining, and the ongoing shift towards more sustainable energy practices will shape the market's evolution in the coming years, creating both opportunities and challenges for market participants. Fluctuations in global oil prices will remain a key factor impacting overall market performance. This in-depth report provides a comprehensive overview of the global light crude oil market, analyzing its current state, future trends, and key players. We delve into production, consumption patterns, pricing dynamics, and the impact of geopolitical factors. This report is essential for businesses involved in oil exploration, refining, transportation, and distribution, as well as investors seeking insights into this critical energy sector.

Forecast: Diesel Oil Consumption in Industry in China 2023 - 2027 Discover more data with ReportLinker!

CN: Crude Oil Consumption: Industry: Mfg: Waste of Resources & Waste Material Recycling data was reported at 0.000 Ton mn in 2010. CN: Crude Oil Consumption: Industry: Mfg: Waste of Resources & Waste Material Recycling data is updated yearly, averaging 0.000 Ton mn from Dec 2010 (Median) to 2010, with 1 observations. The data reached an all-time high of 0.000 Ton mn in 2010 and a record low of 0.000 Ton mn in 2010. CN: Crude Oil Consumption: Industry: Mfg: Waste of Resources & Waste Material Recycling data remains active status in CEIC and is reported by National Bureau of Statistics. The data is categorized under China Premium Database’s Energy Sector – Table CN.RBB: Crude Oil Consumption.

The transportation sector is the largest consumer of primary fossil fuel energy in the United States. Largely due to reliance on petroleum-based motor fuels, the transportation sector consumed over 26.2 quadrillion British thermal units of fossil fuel energy in 2024. By comparison, fossil fuel consumption within the electric power sector has experienced an overall declining tendency in recent years, following a decline in U.S. electricity generation from coal. Consumption of fossil fuels in the U.S. Historically, the transportation sector and electric power sector consumed more than half of the fossil fuel-produced energy in the country. Being some of the cheapest energy sources on the market, the U.S. came to rely heavily on natural gas and coal in order to power its ever-growing economy, while gasoline and diesel remain the most common motor fuels. Petroleum is the greatest source of primary energy consumption in the U.S. Energy transition Despite the role fossil fuels continue to play in every day life for the U.S. resident, many within the country have urged the U.S. government to adopt more stringent targets to reducing the country's carbon footprint in order to mitigate climate change. An outlook from April 2025 suggest that renewable energy consumption in the U.S. is on track to increase to 19.43 quadrillion British thermal units by 2050. However, this amount is still far lower than the energy needed to offset fossil fuel use.

Japan consumed 15148 million metric tons of oil in 2023. This represented the lowest figure since 1990 in the country. During the period under consideration, figures decreased by around 96 million metric tons. The country is ranked amongst the world's largest primary energy consumers.

In 2023, the total petroleum product consumption in the Philippines was highest in the transportation sector, reaching about 114 million barrels. In contrast, the agriculture sector recorded the lowest petroleum product consumption in that year.

Key information about Saudi Arabia Oil Consumption

• Saudi Arabia Oil Consumption was reported at 4,051.907 Barrel/Day th in Dec 2023
• This records an increase from the previous number of 3,854.152 Barrel/Day th for Dec 2022
• Saudi Arabia Oil Consumption data is updated yearly, averaging 1,354.266 Barrel/Day th from Dec 1965 to 2023, with 59 observations
• The data reached an all-time high of 4,099.724 Barrel/Day th in 2016 and a record low of 389.574 Barrel/Day th in 1965
• Saudi Arabia Oil Consumption data remains active status in CEIC and is reported by BP PLC
• The data is categorized under World Trend Plus’s Association: Energy Sector – Table RB.BP.OIL: Oil: Consumption

The UK's fuel use by industry (SIC 2007 group - around 130 categories) and type (coal, natural gas, petrol, diesel oil for road vehicles (DERV), fuel oil, gas oil, aviation fuel and other); UK level fuel use of nuclear, hydro, wind, solar, geothermal aquifers and net imports, 1990 to 2023. This table excludes biofuels and waste.