Level Chart

Basic Info

World Oil Consumption is at a current level of 100.22M, up from 97.68M one year ago. This is a change of 2.60% from one year ago.

World Oil Consumption measures the number of barrels that are consumed worldwide on an annual basis. It is an indicator released by BP. This metric tends to trend upwards except for a small dip in the 1980s and 2010. Interestingly enough, 2010 was also the time that Crude Oil prices plummeted because of supply and demand concerns.

Stats

Last Value 100.22M
Latest Period 2023
Last Updated Jun 26 2024, 12:40 EDT
Next Release Jun 20 2025, 11:00 EDT (E)
Average Growth Rate 2.10%
Value from 1 Year Ago 97.68M
Change from 1 Year Ago 2.60%
Frequency Yearly
Unit Barrels per Day
Adjustment N/A
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Historical Data

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Date Value
December 31, 2023 100.22M
December 31, 2022 97.68M
December 31, 2021 94.73M
December 31, 2020 89.45M
December 31, 2019 98.22M
December 31, 2018 97.96M
December 31, 2017 96.72M
December 31, 2016 94.68M
December 31, 2015 92.77M
December 31, 2014 90.89M
December 31, 2013 90.10M
December 31, 2012 88.77M
December 31, 2011 87.58M
December 31, 2010 86.82M
December 31, 2009 83.93M
December 31, 2008 85.28M
December 31, 2007 86.21M
December 31, 2006 85.11M
December 31, 2005 84.14M
December 31, 2004 82.85M
December 31, 2003 79.86M
December 31, 2002 78.25M
December 31, 2001 77.52M
December 31, 2000 76.65M
December 31, 1999 75.47M
Date Value
December 31, 1998 74.23M
December 31, 1997 73.77M
December 31, 1996 71.73M
December 31, 1995 70.09M
December 31, 1994 69.33M
December 31, 1993 67.62M
December 31, 1992 67.88M
December 31, 1991 66.86M
December 31, 1990 66.74M
December 31, 1989 65.60M
December 31, 1988 64.27M
December 31, 1987 62.29M
December 31, 1986 60.99M
December 31, 1985 59.25M
December 31, 1984 58.86M
December 31, 1983 57.59M
December 31, 1982 57.81M
December 31, 1981 59.40M
December 31, 1980 61.23M
December 31, 1979 63.86M
December 31, 1978 62.73M
December 31, 1977 59.89M
December 31, 1976 57.69M
December 31, 1975 54.33M
December 31, 1974 54.79M

Basic Info

World Oil Consumption is at a current level of 100.22M, up from 97.68M one year ago. This is a change of 2.60% from one year ago.

World Oil Consumption measures the number of barrels that are consumed worldwide on an annual basis. It is an indicator released by BP. This metric tends to trend upwards except for a small dip in the 1980s and 2010. Interestingly enough, 2010 was also the time that Crude Oil prices plummeted because of supply and demand concerns.

Stats

Last Value 100.22M
Latest Period 2023
Last Updated Jun 26 2024, 12:40 EDT
Next Release Jun 20 2025, 11:00 EDT (E)
Average Growth Rate 2.10%
Value from 1 Year Ago 97.68M
Change from 1 Year Ago 2.60%
Frequency Yearly
Unit Barrels per Day
Adjustment N/A
Download Source File Upgrade