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 Canada's oil market. It enables assessment of long-term consumption patterns, market dynamics, and changes in petroleum demand across key economic sectors.
Canada's oil consumption remained relatively stable throughout the review period, increasing slightly from 2.43 million barrels daily in 2015 to 2.44 million in 2016, before easing to 2.41 million in 2017. Consumption recovered to 2.48 million barrels daily in 2018 and reached 2.49 million in 2019, the highest level during the period. Demand declined to 2.12 million barrels daily in 2020, reflecting reduced transportation activity and weaker economic conditions. Consumption subsequently recovered to 2.22 million barrels daily in 2021, 2.31 million in 2022, and 2.35 million barrels daily in 2023. Although demand remained below the 2019 peak, the steady recovery demonstrated improving economic activity and resilient domestic petroleum consumption.
Overall, the dataset indicates stable long-term oil demand in Canada, with only temporary disruption during 2020. The subsequent recovery reflects renewed transportation activity and strengthening industrial demand. 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.