US remains world’s largest oil consumer, Saudi ranks fifth

The United States (US) remained the world’s largest oil consumer in 2015, dominating 19.7 percent of global consumption, BP said in its statistical review of world energy 2016.

The US consumption increased by 1.6 percent, or 290,000 barrels per day (bbl) year-on-year (YoY) to 19.40 million bbl.

China came second, accounting for 12.9 percent of the world’s consumption. It was followed by India, which beat Japan.  

Saudi Arabia ranked as the world’s fifth largest oil consuming country, accounting for 3.90 percent. Consumption grew by 5 percent YoY to nearly 3.90 million bbl in 2015.  

Canada is the world's tenth biggest oil consuming country, with its consumption decreasing by 2.90 percent YoY to 2.32 million bbl in the same period.

“Global oil consumption grew by 1.9 million barrels per day, or 1.9% – nearly double the recent historical average (+1%) and significantly stronger than the increase of 1.1 million b/d seen in 2014,” BP added.

Growth was driven by the Organization for Economic Co-operation and Development (OECD) countries, where consumption increased by 510,000 b/d.