The Concentration of Global Oil Consumption

Below, we show how global oil consumption is dominated by a handful of countries, supported by their economic strength, demographics, and oil production:

Rank Country Million Barrels in 2024

Per Day Share of Global

Total

1 🇺🇸 U.S. 19.0 18.7%

2 🇨🇳 China 16.4 16.1%

3 🇮🇳 India 5.6 5.5%

4 🇸🇦 Saudi Arabia 4.0 3.9%

5 🇷🇺 Russia 3.8 3.8%

6 🇯🇵 Japan 3.2 3.2%

7 🇰🇷 South Korea 2.9 2.9%

8 🇧🇷 Brazil 2.6 2.5%

9 🇨🇦 Canada 2.3 2.3%

10 🇩🇪 Germany 2.1 2.0%

11 🇮🇷 Iran 2.0 1.9%

12 🇲🇽 Mexico 1.9 1.8%

13 🇮🇩 Indonesia 1.6 1.6%

14 🇸🇬 Singapore 1.5 1.5%

15 🇫🇷 France 1.4 1.3%

16 🇬🇧 UK 1.3 1.3%

17 🇪🇸 Spain 1.3 1.3%

18 🇮🇹 Italy 1.3 1.2%

19 🇹🇭 Thailand 1.3 1.2%

20 🇦🇪 UAE 1.2 1.2%

21 🇹🇷 Turkey 1.2 1.1%

22 🇦🇺 Australia 1.1 1.1%

23 🇲🇾 Malaysia 0.9 0.9%

24 🇮🇶 Iraq 0.9 0.9%

25 🇹🇼 Taiwan 0.8 0.8%