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The 10 Greatest Oil Consuming Nations

The United States is the biggest oil consuming country on the planet. Picture courtesy of Lee.
China is the second greatest oil shopper on the earth. Image courtesy of AdamCohn.

Japan’s oil consumption elevated by 6.Three% from 2011 to 2012. Picture courtesy of Isado.
India is the fourth greatest oil client on this planet and imports most of crude oil from the Middle East. Image courtesy of Ashwan Lewis.

Russia is the fifth largest oil consuming nation. Image courtesy of Yukon White Light.
Saudi Arabia, the world’s greatest oil producer, ranks sixth in oil consumption. Picture courtesy of Saudi Aramco.

Brazil is the seventh greatest oil shopper on the earth. Image courtesy of kthomason.
Germany’s oil imports are the sixth largest on this planet. Image courtesy of Jurgen.

South Korea’s oil consumption in 2012 was 2.5% higher than the previous yr. Picture courtesy of InSapphoWeTrust.

Canada is the tenth largest oil consuming country in the world. Picture courtesy of shannonpatrick17.
The United States

The United States, the world’s biggest oil consuming country, consumed 18.5 million barrels of oil per day (mbd) in 2012, which accounted for nearly 20% of the world’s whole oil consumption per day. The highest degree of oil consumption in US oil and gas ghana history was 20.8mbd, which occurred in 2005. Consumption has since been declining, nevertheless, and the nation consumed 2.Three% less oil in 2012 compared to the previous yr.

This decline in oil consumption during latest years is attributed to elevated pure fuel production and consumption, and using more gas-efficient autos.

The US is a web importer of oil, but its oil imports declined from 12.4mbd in 2005 to 7.4mbd in 2012 as its oil and gas ghana complete oil manufacturing steadily elevated from eight.3mbd in 2005 to eleven.1mbd in 2012.

China’s oil consumption stood at 10.3mbd in 2012, accounting for about 11.7% of the world’s total oil consumption making it the second greatest oil shopper after the US. China’s oil consumption has more than doubled since 2000 and the consumption in 2012 increased by 5 p.c compared to the earlier 12 months.

China can also be the second largest oil importing country on this planet currently and its internet oil imports have steadily climbed up from three.43mbd in 2008 to 5.86mbd in 2012. China’s total oil manufacturing through the interval elevated from 4mbd to 4.4mbd and the country is more likely to surpass the US as the biggest oil importing country in the near future.

Japan consumed 4.7mbd of oil in 2012, becoming the world’s third biggest oil shopper, with about 5.Three% of the world’s whole oil consumption. The country consumed greater than 5mbd of oil from 1989 to 2007 and the best oil consumption in its historical past was recorded at 5.7mbd in 1996. Japan’s oil consumption steadily declined from 2005 to 2009, however increased thereafter. Its oil consumption in 2012 was 6.Three% increased than in the previous year.

Japan possesses very restricted oil resources and is the third greatest oil importing nation after the US and China. Oil imports increased from 4.25mbd in 2009 to 4.57mbd in 2012 and the total oil production during the same period increased from 125,000 barrels per day (bpd) to 135,000bpd. Japan has the fourth biggest refinery capability on this planet and most of its crude oil imports are from the Middle East.

India ranks fourth among the world’s greatest oil consuming international locations, its oil consumption in 2012 stood at three.6mbd, five % increased than the previous yr, accounting for about 4.2% of the world’s average oil consumption per day through the year. The country’s oil consumption has elevated about three-fold within the last 20 years.

India can be the fourth greatest oil importer on the planet and its net oil imports doubled over 12 years, from 1.3mbd in 2000 to 2.6mbd in 2012. The country’s total oil manufacturing during the same interval elevated from 772,000bpd to 990,000bpd. India’s proven oil reserves as of 2013 had been estimated at 5.Forty eight billion barrels. The country imports a lot of the crude oil from the Middle East and has the fifth biggest refinery capability on the earth.

At three.2mbd accounting for about 3.6% of the world’s total oil consumption per day in 2012, Russia is fifth among the world’s greatest oil consuming international locations. Russia’s oil consumption declined from 4.4mbd in 1992 to 2.48mbd in 1998 and again surpassed 3mbd mark in 2011. Its common each day oil consumption in 2012 was 2.5% larger than the earlier year.

Russia is the third greatest oil producer after the United States and Saudi Arabia, and the second largest oil exporter after Saudi Arabia. The country’s complete oil manufacturing increased from 9.8mbd in 2008 to 10.4mbd oil and gas ghana in 2012 and its web oil exports during the identical period increased from 6.89mbd to 7.2mbd. European nations, particularly Germany, Netherlands and Poland, account for more than 80% of Russia’s oil exports.

Saudi Arabia
Saudi Arabia, the sixth greatest oil consuming nation, consumed 2.86mbd of oil in 2012, accounting for about 3.1% of the world’s whole oil consumption per day. Average each day oil consumption in 2012 increased by three.9% in comparison with the previous yr, the highest stage seen within the last 30 years.

Saudi Arabia is the largest oil producer and exporter in the world and in addition holds the second greatest proven oil reserves on this planet. The country’s total oil production elevated from 9.8mbd in 2009 to eleven.7mbd in 2012, whereas net oil exports in the course of the interval increased from 7.62mbd to 8.86mbd. More than half of Saudi Arabia’s crude oil exports go to the Far East Asian countries.

Brazil is the world’s seventh greatest oil consuming country and consumed 2.8mbd of oil in 2012, accounting for about three percent of the world’s complete oil production per day through the year. The country’s oil consumption has steadily elevated since 2008 and increased by 2.5% throughout 2011-2012.

Brazil is the biggest oil producing nation in South America and its whole oil manufacturing elevated from 1.83mbd in 2004 to 2.65mbd in 2012. Brazil was a net petroleum exporter in 2008 however has been a internet importer of petroleum since 2011. It imported more than 155,000bpd of oil in 2012 and had estimated proven oil reserves thirteen.15 billion barrels as of 2013. Greater than ninety% of the country’s oil manufacturing comes from offshore oil fields.

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Germany is the eighth largest oil consuming country on this planet and the second greatest oil client in Europe, after Russia. Germany’s oil consumption in 2012 stood at 2.4mbd, accounting for about 2.7% of the world’s total oil consumption per day within the year, and has proven a declining trend since 2008. Germany consumed 0.7% much less oil in 2012 compared to 2011.

Germany’s oil imports are the sixth biggest on the planet however declined from 2.39mbd in 2008 to 2.21mbd in 2012. Its total oil production during the period elevated from 145,800bpd to 169,500bpd. The country imports crude oil via pipelines as well as sea ports and has the ninth greatest refinery capability on the earth.

South Korea
South Korea is the ninth largest oil shopper on the earth and consumed 2.3mbd of oil in 2012, about 2.3% of the world’s whole oil consumption per day. The country’s oil consumption in 2012 was 2.5% increased than the previous 12 months. Its common each day oil consumption has been constantly maintained at slightly more than 2mbd since 1995, with an exception in 1998 when it declined to 1.9mbd.

South Korea is the fifth biggest oil importing country on the earth and its net petroleum imports elevated from 2.1mbd in 2008 to 2.24mbd in 2012. The full oil manufacturing of the country elevated from the minimal 33,600bpd to 61,000bpd throughout the identical interval. The nation has the world’s sixth biggest refinery capability and imports more than eighty% of its crude oil from the Center East.

Canada is the world’s tenth greatest oil consuming nation and consumed 2.28mbd of oil in 2012, accounting for about 2.5% of the world’s complete daily oil production in the course of the 12 months. The nation has been consuming greater than 2mbd of oil since 1999 and its oil consumption in 2012 was 2.5% larger in comparison with the earlier 12 months.

Canada is the world’s sixth-largest oil producer, 11th biggest oil exporter, has the 10th largest oil refinery capacity and holds the third greatest confirmed oil reserves, after Venezuela and Saudi Arabia. Canada’s total oil production increased from three.31mbd in 2009 to 3.85mbd in 2012 and its web petroleum exports through the period elevated from 1.17mbd to 1.57mbd. The US accounts for nearly all of Canada’s oil exports.