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 Mexico's oil market. It enables assessment of long-term consumption patterns, market dynamics, and changes in petroleum demand across major economic sectors.
Mexico's oil consumption fluctuated during the review period, increasing from 2.04 million barrels daily in 2015 to 2.09 million in 2016, before returning to 2.04 million in 2017. Demand declined to 1.92 million barrels daily in 2018 and 1.82 million in 2019, before falling further to 1.60 million barrels daily in 2020, the lowest level during the review period. Consumption recovered to 1.77 million barrels daily in 2021, 1.93 million in 2022, and 1.96 million barrels daily in 2023. Despite the improvement after 2020, demand remained below the levels recorded during the early years of the period.
Overall, the dataset indicates a gradual decline in Mexico's oil consumption, followed by moderate recovery in the later years. The improvement after 2020 reflects recovering economic activity and increased transportation fuel demand, although consumption has not fully returned to earlier levels. 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.