![]() In 2020 total worldwide oil consumption is expected to drop by 9% year over year compared to 2019 due to the COVID-19 pandemic according to the International Energy Agency (IEA). New wells are expected to break the 1,000 barrels of oil equivalent a day threshold for the first time on record, rising from the 974 boe/d achieved in 2021. This is a list of countries by oil consumption. Petroleum ministry shows consumption is slightly under 4.9 million barrels per day in 2021, up from 4.65 million barrels per day in 2020 - Anadolu Agency. economy recovered from the effects of responses to the COVID-19 pandemic. total petroleum consumption was about 8 higher in 2021 than the level in 2020 largely because the U.S. In 2019, oil production reached the highest point in history. petroleum consumption averaged about 19.78 million barrels per day (b/d), which included about a million b/d of biofuels. Daily oil consumption by region from 1980 to 2006. In 2021, oil production in the United States reached 16.6 million barrels per day, a slight increase from the previous year. ![]()
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