The US remains by far the largest user of oil, consuming more than China in 2010. China may overtake the US around 2030. For 2016, the IEA Oil Market Report forecasts worldwide average demand of nearly 96 million barrels of oil and liquid fuels per day – that works out to more than 35 billion barrels a year. As of early 2015,
the IEA Oil Market Report forecast average demand for the year of more than 93 million barrels of oil and liquid fuels per day worldwide– that works out to more than 34 billion barrels a year – with January 2015 production totalling just over 94 million barrels per day.
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And guess what!! The United States which is also the world's biggest oil consuming country, consumed 18.5 million barrels of oil per day (mbd) in 2012, which accounted for nearly 20% of the world's total oil consumption per day. The highest level of oil consumption in US history was 20.8mbd, which occurred in 2005. Wow!!
The U.S. Energy Information Administration (EIA) includes biofuels in consumption of petroleum products. In 2016, the United States consumed a total of 7.19 billion barrels of petroleum products, an average of about 19.63 million barrels per day. EIA uses product supplied as a proxy for U.S. petroleum consumption.
In 2014, the daily production of crude oil by OPEC countries stood at some 36.6 million barrels. Saudi Arabia is by far the largest crude oil producer among OPEC members, responsible for more than 9.7 million barrels per day in 2014 and before we get theoretical, let's first consider how much oil you use. If you're in the United States, that figure is approximately 2.5 gallons of crude oil per day; roughly one barrel every seventeen days; or nearly 22 barrels per year.
