- Oil Consumption refers to the total amount of petroleum products used within a country during a given year for energy and non-energy purposes.
Argentina Oil Consumption was 690 Thousand Barrels Daily in 2023, down 4.6% on 2022. The Oil Consumption dataset of Argentina from 2015 to 2023 provides a comprehensive overview of the country's oil consumption, highlighting demand trends, consumption levels, supply patterns, and overall industry performance throughout the review period.
Argentina Oil Consumption moved from 695 Thousand Barrels Daily in 2015 to 690 Thousand Barrels Daily in 2023 (−0.7%), an average of −0.1% a year. The series high was 723 Thousand Barrels Daily in 2022 and the low 504 Thousand Barrels Daily in 2020.
The gap between the series high (2022) and low (2020) is 219 Thousand Barrels Daily. The sharpest single-year move was +21.6% in 2021.
Among the 46 countries in this dataset, Argentina ranks 29 for 2023, behind U.S. (18,984 Thousand Barrels Daily) and China (16,577 Thousand Barrels Daily). It accounts for 0.7% of the global total in 2023.
Full series
Complete annual series with year-on-year change. Values are reported in Thousand Barrels Daily.
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| Year | Thousand Barrels Daily | Change vs prior year |
|---|---|---|
| 2023 | 690 | −4.6% |
| 2022Peak | 723 | +17.9% |
| 2021 | 613 | +21.6% |
| 2020 Trough | 504 | −11.1% |
| 2019 | 567 | −12.1% |
| 2018 | 645 | −4% |
| 2017 | 672 | −0.7% |
| 2016 | 677 | −2.6% |
| 2015 | 695 | — |
Regional context
Oil Consumption by country, 2023, Thousand Barrels Daily. Argentina is highlighted.
Data definition
Oil Consumption — - Oil Consumption refers to the total amount of petroleum products used within a country during a given year for energy and non-energy purposes. It is typically measured in thousand barrels per day (kb/d) and represents the demand for oil-based fuels and products across the economy. The indicator includes the use of refined petroleum products such as gasoline, diesel, jet fuel, kerosene, fuel oil, and other oil-derived products consumed by transportation, industry, power generation, residential, commercial, and other sectors. Oil Consumption is a key measure of a country’s energy demand, economic activity, transportation intensity, and dependence on petroleum resources.
The data includes the domestic consumption of major petroleum products, including gasoline, diesel, jet fuel, kerosene, fuel oil, liquefied petroleum gas (LPG), and other refined oil products used across transportation, industrial, residential, commercial, agricultural, and power generation sectors. It covers both energy-related use and certain non-energy uses of petroleum products, such as feedstocks for petrochemical manufacturing where included in national energy balances. The indicator reflects total petroleum demand within a country regardless of whether the oil is produced domestically or imported. Data is compiled from national energy statistics, refinery reports, trade data, and standardized international energy databases, enabling consistent comparison of oil consumption trends across countries and over time.
The data excludes crude oil production, crude oil reserves, refinery throughput, and petroleum exports. It does not include consumption of natural gas, coal, nuclear energy, electricity, or renewable energy sources unless they are derived from petroleum products. The indicator excludes upstream oil extraction activities and does not directly measure fuel efficiency, carbon emissions, energy affordability, or the quality of energy services. Inventory changes, strategic petroleum reserves, and stock movements may be treated separately depending on the reporting methodology. Minor variations may occur due to differences in national accounting practices, product classifications, and estimation methods used across countries.
Oil Consumption — - Oil Consumption refers to the total amount of petroleum products used within a country during a given year for energy and non-energy purposes. It is typically measured in thousand barrels per day (kb/d) and represents the demand for oil-based fuels and products across the economy. The indicator includes the use of refined petroleum products such as gasoline, diesel, jet fuel, kerosene, fuel oil, and other oil-derived products consumed by transportation, industry, power generation, residential, commercial, and other sectors. Oil Consumption is a key measure of a country’s energy demand, economic activity, transportation intensity, and dependence on petroleum resources.
Measured in thousand barrels daily, the dataset serves as an important indicator of energy demand, transportation fuel consumption, industrial activity, and the performance of Argentina's oil market. It enables assessment of long-term consumption patterns, market dynamics, and changes in petroleum demand across major consuming sectors, supporting analysis of the country's evolving energy landscape and economic activity.
Argentina's oil consumption declined gradually from 695 thousand barrels daily in 2015 to 677 thousand in 2016, 672 thousand in 2017, 645 thousand in 2018, and 567 thousand barrels daily in 2019. Demand declined further to 504 thousand barrels daily in 2020, reflecting reduced transportation activity and weaker economic performance. Consumption recovered strongly to 613 thousand barrels daily in 2021 and 723 thousand in 2022, before moderating to 690 thousand barrels daily in 2023. Despite the slight decline in the final year, consumption returned close to the levels recorded at the beginning of the review period, highlighting resilient domestic petroleum demand.
Overall, the dataset demonstrates moderate fluctuations in Argentina's oil consumption, with a prolonged decline before 2020 followed by a significant recovery. The improvement recorded after 2020 reflects strengthening economic activity, increasing transportation demand, and expanding industrial fuel consumption. The dataset serves as a valuable resource for monitoring oil consumption trends, evaluating energy demand, supporting market analysis, forecasting future petroleum consumption, and enabling policymakers, researchers, investors, and industry stakeholders to develop informed energy policies, infrastructure strategies, and long-term investment decisions.
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Definition- Oil Consumption refers to the total amount of petroleum products used within a country during a given year for energy and non-energy purposes. It is typically measured in thousand barrels per day (kb/d) and represents the demand for oil-based fuels and products across the economy. The indicator includes the use of refined petroleum products such as gasoline, diesel, jet fuel, kerosene, fuel oil, and other oil-derived products consumed by transportation, industry, power generation, residential, commercial, and other sectors. Oil Consumption is a key measure of a country’s energy demand, economic activity, transportation intensity, and dependence on petroleum resources.
Argentina Oil Consumption was 690 Thousand Barrels Daily in 2023, down 4.6% on 2022.
Argentina Oil Consumption moved from 695 Thousand Barrels Daily in 2015 to 690 Thousand Barrels Daily in 2023 (−0.7%), an average of −0.1% a year. The series high was 723 Thousand Barrels Daily in 2022 and the low 504 Thousand Barrels Daily in 2020.
The highest value was 723 Thousand Barrels Daily in 2022 and the lowest was 504 Thousand Barrels Daily in 2020.
Included: The data includes the domestic consumption of major petroleum products, including gasoline, diesel, jet fuel, kerosene, fuel oil, liquefied petroleum gas (LPG), and other refined oil products used across transportation, industrial, residential, commercial, agricultural, and power generation sectors. It covers both energy-related use and certain non-energy uses of petroleum products, such as feedstocks for petrochemical manufacturing where included in national energy balances. The indicator reflects total petroleum demand within a country regardless of whether the oil is produced domestically or imported. Data is compiled from national energy statistics, refinery reports, trade data, and standardized international energy databases, enabling consistent comparison of oil consumption trends across countries and over time. Excluded: The data excludes crude oil production, crude oil reserves, refinery throughput, and petroleum exports. It does not include consumption of natural gas, coal, nuclear energy, electricity, or renewable energy sources unless they are derived from petroleum products. The indicator excludes upstream oil extraction activities and does not directly measure fuel efficiency, carbon emissions, energy affordability, or the quality of energy services. Inventory changes, strategic petroleum reserves, and stock movements may be treated separately depending on the reporting methodology. Minor variations may occur due to differences in national accounting practices, product classifications, and estimation methods used across countries.
The series is sourced from energyinst.org (https://www.energyinst.org/__data/assets/pdf_file/0006/1542714/684_EI_Stat_Review_V16_DIGITAL.pdf). It covers 2015–2023 and is reported in Thousand Barrels Daily.
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