World’s largest oil consuming countries 2024
An illustration depicts oil barrels next to a globe and a rising golden arrow, symbolizing the increase in global oil consumption and prices in 2024. | Illustration: Ashrafun Naher Ananna/TBS Creative
In 2024, total global daily oil consumption rose by 0.7%, reaching 101.42 million barrels from 100.69 million in 2023. Bangladesh's daily oil consumption increased by 13.5% to 0.26 million barrels in 2024, up from 0.23 million the previous year. The country accounts for about 0.3% of daily global oil consumption.
This infographic details the world's largest oil-consuming countries in 2024, with the United States (19.0M bpd), China (16.4M bpd), and India (5.6M bpd) leading the list.
Note: Includes crude oil, shale oil, oil sands, condensates, and natural gas liquids.
Source: 2025 Statistical Review of World Energy, Energy Institute (EI)
Keep updated, follow The Business Standard's Google news channel
