In 2023, the United States consumed nearly ** million barrels of oil daily. In comparison to the previous year, figures increased by around *** percent. Within the period of consideration, the figure peaked at **** million barrels of oil daily in 2005. The U.S. is the country with the highest oil consumption in the world. Domestic production U.S. oil production saw a noticeable growth after the Great Recession, as the energy industry developed extraction technologies to reduce the need to import high-priced oil. In 2021, domestic production amounted to **** million barrels per day, while figures in 2008 stood at *** million barrels per day. Texas is by far the leading crude oil producing state, with an annual production of *** billion barrels in 2023. New Mexico was the second largest producer, at a quarter of Texas’ production. American oil companies As of June 2024, ExxonMobil had the highest market capitalization of any oil and gas producer in the world. Chevron and ConocoPhillips were also among the top 10 oil and gas companies worldwide based on market value, ranking ****** and ******** respectively. ExxonMobil was founded in 1999, as a merger of Exxon and Mobil, formerly the Standard Oil Company of New Jersey and Standard Oil Company of New York, respectively. ExxonMobil is headquartered in Irving, Texas (although it has recently announced it will move its headquarters further South to its Houston campus) and generated an operating revenue of *** billion U.S. dollars in 2023. This figure represented an increase in comparison to 2021, when the company’s revenue dropped as a consequence of the coronavirus pandemic.

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

The United States consumed 815.6 million metric tons of oil in 2023. This represented a slight increase in comparison to the previous year. Oil consumption in the United States reaxhed a record low in 2020. Liquid fuels are the country's main energy source.

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.

The United States consumed 23.5 million barrels of petroleum and petroleum products per day in 2024. This figure represents an increase compared to the previous two years. Overall, petroleum use in the U.S. grew within the period of consideration.

Forecast: Oil Consumption in the US 2022 - 2026 Discover more data with ReportLinker!

The USA: Diesel and heating oil consumption, thousand barrels per day: The latest value from 2023 is 3916.13 thousand barrels per day, a decline from 4025.57 thousand barrels per day in 2022. In comparison, the world average is 145.86 thousand barrels per day, based on data from 190 countries. Historically, the average for the USA from 1980 to 2023 is 3535.25 thousand barrels per day. The minimum value, 2670.86 thousand barrels per day, was reached in 1982 while the maximum of 4195.91 thousand barrels per day was recorded in 2007.

This statistic depicts the consumption volume of motor oil by the private sector in the United States from 2013 to 2017, and forecast figures for 2018 to 2024. By 2024, the volume of motor oil consumed by the U.S. private sector is expected to decrease to some 561 million gallons, compared to 579 million gallons in 2016.

The average for 2022 based on 25 countries was 204.82 thousand barrels per day. The highest value was in the USA: 4025.57 thousand barrels per day and the lowest value was in Montserrat: 0.09 thousand barrels per day. The indicator is available from 1980 to 2023. Below is a chart for all countries where data are available.

The average for 2014 based on 26 countries was 944.73 thousand barrels per day. The highest value was in the USA: 19106 thousand barrels per day and the lowest value was in Montserrat: 0.6 thousand barrels per day. The indicator is available from 1980 to 2014. Below is a chart for all countries where data are available.

The average for 2014 based on 21 countries was 422.29 thousand barrels per day. The highest value was in Brazil: 3144 thousand barrels per day and the lowest value was in Haiti: 18 thousand barrels per day. The indicator is available from 1980 to 2014. Below is a chart for all countries where data are available.

Domestic palm oil consumption in the United States (U.S.) amounted to approximately 1.8 million metric tons in 2024. There has been a decrease of over 1,000 metric tons in comparison to the previous year. Palm oil in the U.S. Palm oil is an edible vegetable oil. It is used for food manufacturing as well as in non-edible products such as beauty products and biofuel. A division of palm oil usage in the U.S. by purpose type shows that the vast majority of palm oil is for edible usage. Palm oil is the third most frequently consumed type of edible oil in the United States. Americans consume about 1.8 million metric tons of palm oil, compared to about 11.6 and 2.8 million metric tons of soybean and rapeseed oil, respectively. The volume of imports of palm oil to the U.S. amounts to around 3.6 billion pounds annually. The market for palm oil worldwide Among the different types of vegetable oils consumed worldwide, palm oil is the most consumed type of vegetable oil. The worldwide consumption of palm oil amounts to more than 76.04 million metric tons. Palm oil also has the highest import volume of vegetable oils worldwide, with just under 50 million metric tons of imports annually. In total, the global production of vegetable oils is approximately 218 million metric tons and expected to increase further.

The average for 2014 based on 12 countries was 501.75 thousand barrels per day. The highest value was in Brazil: 3144 thousand barrels per day and the lowest value was in Guyana: 13 thousand barrels per day. The indicator is available from 1980 to 2014. Below is a chart for all countries where data are available.

This dataset provides values for CRUDE OIL CONSUMPTION. reported in several countries. The data includes current values, previous releases, historical highs and record lows, release frequency, reported unit and currency.

États-Unis: Oil consumption, thousand barrels per day: Pour cet indicateur, The U.S. Energy Information Administration fournit des données pour la États-Unis de 1980 à 2014. La valeur moyenne pour États-Unis pendant cette période était de 18181.71 thousand barrels per day avec un minimum de 15231 thousand barrels per day en 1983 et un maximum de 20802 thousand barrels per day en 2005.

This dataset contains information about GCC countries oil consumption, gasoline, fuel, refined petroleum and liquefied petroleum data from 1980-2019Data from US Energy Information AdministrationFollow datasource.kapsarc.org and it’s APIs to stay in sync and advance energy economics research.

Monthly consumption and cost data by borough and development. Data set includes utility vendor and meter information.

The average for 2022 based on 12 countries was 176.03 thousand barrels per day. The highest value was in Brazil: 1089.55 thousand barrels per day and the lowest value was in Guyana: 6.04 thousand barrels per day. The indicator is available from 1980 to 2023. Below is a chart for all countries where data are available.

In 2022, domestic olive oil consumption in the United States amounted to approximately 381,000 metric tons. This constitutes a decrease in consumption of 42,000 metric ton as compared to the previous year. A clear trend of growth in olive oil consumption is visible but fluctuations in consumption from year to year are common.

Global consumption of Olive Oil

In 2022/23, the global consumption volume of olive amounted to roughly 2.9 million metric tons. The European Union is the leading consumer of olive oil in the world. Approximately 1.3 million metric tons are consumed within the European Union.

Global production of Olive Oil

The largest producer of olive oil by region is the EU-27, which produced approximately 2.1 million metric tons in 2019/2020. The EU-27 was followed by Turkey and Tunisia, which produced approximately 250,000 metric tons each. The global olive oil market was valued at 11.19 billion U.S. dollars and is forecasted to reach 17.2 billion by 2028.

The average for 2022 based on 20 countries was 129.06 thousand barrels per day. The highest value was in Brazil: 1089.55 thousand barrels per day and the lowest value was in Haiti: 8.18 thousand barrels per day. The indicator is available from 1980 to 2023. Below is a chart for all countries where data are available.