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 Sweden'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.
Sweden's oil consumption increased from 277 thousand barrels daily in 2015 to 288 thousand in 2016 and 294 thousand in 2017, the highest level during the review period. Consumption declined to 261 thousand barrels daily in 2018 before recovering slightly to 266 thousand in 2019. Demand decreased to 237 thousand barrels daily in 2020, reflecting lower transportation and industrial activity. Consumption rebounded to 266 thousand barrels daily in 2021 before easing to 240 thousand in both 2022 and 2023. Overall, consumption remained below the peak levels recorded before 2018.
Overall, the dataset indicates moderate fluctuations in Sweden's oil consumption with an overall downward trend during the review period. The recovery after 2020 was followed by stabilization, reflecting evolving energy consumption patterns, improved energy efficiency, and increasing adoption of cleaner energy alternatives. 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.