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 Iraq'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.
Iraq's oil consumption increased from 645 thousand barrels daily in 2015 to 657 thousand in 2016 and rose sharply to 778 thousand in 2017. Consumption eased slightly to 762 thousand barrels daily in 2018 and 753 thousand in 2019, before declining to 656 thousand barrels daily in 2020 due to reduced economic activity and lower transportation demand. Petroleum consumption recovered to 735 thousand barrels daily in 2021, increased to 825 thousand in 2022, and reached 875 thousand barrels daily in 2023, the highest level during the review period. The strong upward trend reflects expanding domestic energy demand, economic recovery, and increasing fuel consumption across transportation and industrial sectors.
Overall, the dataset indicates robust long-term growth in Iraq's oil consumption despite the temporary decline experienced in 2020. The continued recovery and record consumption level recorded in 2023 highlight resilient petroleum demand supported by economic expansion, infrastructure development, and rising domestic energy requirements. 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.