Featured Figures
Global Oil Consumption
Global oil consumption has continued to grow at a steady pace, rising 1.8% between 2016 and 2017, after increasing 1.6% between 2015 and 2016 and 1.9% between 2014 and 2015. Over the past ten years, annual growth has averaged 1.2%. At this rate, consumption may exceed the symbolic threshold of 100 million barrels a day in 2019.
Growth was driven by China (up 4%) and India (up 2.9%). Among the industrialized countries of the Organisation for Economic Co-operation and Development (OECD), a significant increase was reported in Germany while more moderate growth was recorded in France, the United States and Canada. Japan saw a decline, mainly due to the development of renewable energies, the restart of nuclear plants and the country’s commitment to energy saving initiatives.
Global Oil Consumption (in thousands of barrels/day)
| Country | 2016 | 2017 | Change 2017 over 2016 | Share of Global Consumption |
| United States | 19,687 | 19,880 | 1.0% | 20.2% |
| China | 12,302 | 12,799 | 4.0% | 13.0% |
| India | 4,560 | 4,690 | 2.9% | 4.8% |
| Japan | 4,031 | 3,988 | -1.1% | 4.1% |
| Saudi Arabia | 3,939 | 3,918 | -0.5% | 4.0% |
| Russia | 3,193 | 3,224 | 1.0% | 3.3% |
| Brazil | 3,013 | 3,017 | 0.1% | 3.1% |
| South Korea | 2,771 | 2,796 | 0.9% | 2.8% |
| Germany | 2,378 | 2,447 | 2.9% | 2.5% |
| Canada | 2,401 | 2,428 | 1.2% | 2.5% |
| Mexico | 1,977 | 1,910 | -3.4% | 1.9% |
| Iran | 1,722 | 1,816 | 5.4% | 1.8% |
| France | 1,600 | 1,615 | 1.0% | 1.6% |
| Rest of the World | 32,914 | 33,658 | 2.3% | 34.3% |
| Total | 96,488 | 98,186 | 1.8% | 100.0% |
Source: BP Statistical Review 2018