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 million barrels daily, the dataset serves as an important indicator of energy demand, transportation fuel consumption, industrial activity, and the performance of Brazil'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 development.
Brazil's oil consumption fluctuated moderately during the review period, declining from 2.58 million barrels daily in 2015 to 2.45 million in 2016, before increasing slightly to 2.49 million in 2017. Demand declined to 2.37 million barrels daily in 2018 and 2.36 million in 2019, before falling further to 2.22 million barrels daily in 2020, reflecting reduced transportation activity and weaker economic conditions. Consumption recovered to 2.39 million barrels daily in 2021, increased to 2.51 million in 2022, and reached 2.57 million barrels daily in 2023, nearly matching the level recorded at the beginning of the review period. The recovery highlights strengthening domestic fuel demand and improving economic activity.
Overall, the dataset indicates relatively stable long-term oil consumption with moderate fluctuations and a temporary decline during 2020. The strong recovery observed between 2021 and 2023 reflects resilient petroleum demand supported by expanding transportation activity, industrial growth, and economic recovery. 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.