The World’s Top 25 Countries by Oil Consumption

The World’s Top 25 Countries by Oil Consumption

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In 2024, the world’s 10 largest oil-consuming countries accounted for 61% of the global share.

This jumps to 80% among the top 20 countries, as overall consumption increased by a moderate 0.7% annually. Despite slowing growth and the rise of green energy sources, oil continues to be the leading source of energy worldwide.

This graphic shows the world’s top oil-consuming countries in 2024, based on data from the Energy Institute.

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:

In 2024, the U.S. consumed 19 million barrels of oil per day, representing 18.7% of the world total.

Breaking it down further, approximately 70% of American consumption is from the transportation sector, followed by 24% for industrial use in areas like feedstock for plastic production. Meanwhile, residential and commercial use each make up about a 3% share.

China ranks in second globally, consuming 16.1% of the global total. However, oil consumption per capita is less than a fifth of America. To partially make up for this, China relies more heavily on coal in its energy mix.

Following next in line is India, covering 5.5% of world oil consumption in 2024. Unlike the U.S. and China—which have seen oil demand growth slow in recent years—India is projected to be the top country driving oil demand growth through 2030 given the rising strength of its economy and its phase of economic development.

Learn More on the Voronoi App

To learn more about this topic, check out this graphic on the world’s top oil producers in 2024.

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