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 Kuwait'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.
Kuwait's oil consumption fluctuated moderately during the review period, declining from 459 thousand barrels daily in 2015 to 438 thousand in 2016, before increasing to 449 thousand in 2017 and reaching 470 thousand barrels daily in 2018, the highest level during the review period. Consumption eased to 451 thousand barrels daily in 2019 and declined further to 425 thousand in 2020, reflecting weaker transportation activity and temporary economic disruptions. Demand recovered modestly to 437 thousand barrels daily in 2021 before decreasing to 420 thousand in 2022 and 411 thousand barrels daily in 2023, the lowest level recorded during the review period. The overall trend indicates gradually moderating domestic petroleum demand.
Overall, the dataset indicates moderate fluctuations in Kuwait's oil consumption, with a gradual downward trend following the 2018 peak. Despite a temporary recovery in 2021, consumption continued to soften during the final years of the review period, reflecting evolving energy demand patterns and improvements in energy efficiency. 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.