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 Israel'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.
Israel's oil consumption increased steadily from 211 thousand barrels daily in 2015 to 216 thousand in 2016, 226 thousand in 2017, 229 thousand in 2018, and 231 thousand barrels daily in 2019, representing the highest pre-pandemic level. Demand declined to 199 thousand barrels daily in 2020, reflecting reduced transportation activity and weaker economic conditions. Consumption recovered to 209 thousand barrels daily in 2021 and 226 thousand in 2022, before easing marginally to 223 thousand barrels daily in 2023. Despite the slight decline in the final year, consumption remained above the levels recorded during the early years of the review period.
Overall, the dataset indicates stable long-term oil consumption with moderate year-to-year fluctuations and a temporary decline during 2020. The subsequent recovery reflects strengthening domestic economic activity, resilient transportation demand, and continued petroleum use across industrial and commercial sectors. 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.