Crude oil is a vital source of fuel that powers global industries and vehicles, as a result of which it is considered to be as valuable as gold. Crude oil is a fossil fuel extracted from the earth, so it has a limited supply and its combustion has a damaging effect on the environment but still makes up the primary source of fuel for most countries.
The crude oil itself is simply the raw product. Before it can be used, it is processed into different components ranging from plastics to gasoline, from diesel to jet fuel, and from lubricant oils to asphalt. Oil is sold and measured in barrels, so one can generally determine a country’s or the world’s consumption in terms of barrels consumed per day.
Here are the top 20 countries with the highest oil consumption in the world.
|Rank||Country||Total daily consumption|
|1.||United States||19,690,000 Mbbl|
|6.||Saudi Arabia||3,237,000 Mbbl|
|8.||South Korea||2,630,000 Mbbl|
|15.||United Kingdom||1,586,000 Mbbl|