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 reflects total regional petroleum consumption and serves as an important indicator of transportation fuel demand, industrial activity, and overall energy market performance. Incorporating consumption data from the United States, Canada, and Mexico, the dataset enables analysis of regional demand patterns, consumption trends, and long-term developments across North America's oil market.
North America's total oil consumption increased from 22.97 million barrels daily in 2015 to 23.12 million in 2016, 23.29 million in 2017, 23.81 million in 2018, and 23.73 million in 2019. Regional demand declined to 20.91 million barrels daily in 2020 before recovering to 22.77 million in 2021, 23.11 million in 2022, and 23.30 million barrels daily in 2023. The United States remained the dominant consumer, with consumption increasing from 18.50 million barrels daily in 2015 to 18.98 million in 2023. Canada recorded relatively stable demand, while Mexico experienced a gradual decline, ending the period at 1.96 million barrels daily.
Overall, the dataset demonstrates stable long-term oil consumption across North America despite the temporary decline in 2020. Strong recovery in the United States and stable consumption in Canada largely offset the gradual moderation in Mexico, reinforcing the region's position as one of the world's largest oil-consuming markets. 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.