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 reflects total regional petroleum consumption and serves as an important indicator of transportation fuel demand, industrial activity, and energy market performance. Incorporating consumption data from major Middle Eastern economies and remaining regional countries, the dataset enables analysis of regional demand patterns, consumption trends, and long-term developments across the region's oil market.
The Middle East's total oil consumption increased from 8,861 thousand barrels daily in 2015 to 9,099 thousand in 2016 and 9,249 thousand in 2017, before easing to 9,187 thousand in 2018 and 8,961 thousand in 2019. Regional demand declined to 8,323 thousand barrels daily in 2020 before recovering to 8,786 thousand in 2021, 9,399 thousand in 2022, and a record 9,646 thousand barrels daily in 2023. Saudi Arabia remained the largest oil consumer, with demand increasing from 3,964 thousand barrels daily in 2015 to 4,052 thousand in 2023. Iran also recorded sustained growth despite minor fluctuations, while the United Arab Emirates and Iraq experienced notable increases in consumption. Most other regional economies maintained relatively stable demand with moderate year-to-year variations.
Overall, the dataset demonstrates resilient long-term growth in the Middle East's oil consumption despite the temporary decline experienced in 2020. Rising domestic energy demand, expanding industrial activity, and recovering transportation sectors supported the region's return to record consumption levels by 2023. The dataset serves as a valuable resource for monitoring regional oil consumption trends, evaluating energy demand, supporting market analysis, forecasting future petroleum consumption, and enabling policymakers, researchers, investors, and industry stakeholders to develop effective energy strategies and long-term investment decisions.