Nournews: The latest statistics on daily oil consumption across the world show that competition among major economic powers for fossil fuel energy remains intense, and oil is still considered a central pillar of the global economy. According to data released by the Energy Institute and the International Energy Agency, the United States is the world’s largest oil consumer, using 19.12 million barrels per day — a figure significantly higher than any other country.

After the United States, China ranks second with daily consumption of 16.37 million barrels. Rapid industrial growth, infrastructure expansion, the increasing number of vehicles, and extensive factory activity are cited as the main reasons behind China’s enormous appetite for oil. India, consuming 5.62 million barrels per day, stands in third place and, as one of Asia’s fast-growing economies, holds a major share of the global energy market.

Saudi Arabia ranks fourth with daily consumption of 3.96 million barrels. In addition to being one of the world’s largest oil producers, the country also has high domestic consumption. Russia follows in fifth place with 3.85 million barrels per day.

Japan, with 3.24 million barrels per day, South Korea with 2.89 million barrels, and Brazil with 2.58 million barrels occupy sixth through eighth places globally. Canada, consuming 2.33 million barrels daily, and Germany with 2.05 million barrels complete the top ten.

Iran ranks eleventh in the world with daily oil consumption of 1.95 million barrels. This position reflects the significant role of refineries, energy-intensive industries, power plants, and transportation fuel consumption in the country. Experts believe that relatively low fuel prices and the economy’s broad dependence on fossil fuels are among the main reasons for Iran’s high oil consumption.

Following Iran are Mexico with 1.85 million barrels, Indonesia with 1.63 million barrels, and Singapore with 1.49 million barrels per day. France ranks fifteenth with consumption of 1.36 million barrels daily.

Further down the list, the United Kingdom with 1.33 million barrels, Spain with 1.27 million barrels, Italy with 1.26 million barrels, and Thailand with 1.25 million barrels are also among the world’s major oil consumers. The United Arab Emirates ranks twentieth with daily consumption of 1.18 million barrels.

Turkey with 1.16 million barrels, Australia with 1.09 million barrels, Malaysia with 930,000 barrels, Iraq with 920,000 barrels, and Taiwan with 820,000 barrels occupy the next positions in the ranking.

The statistics show that industrialized and highly populated countries remain the primary consumers of oil. At the same time, transportation development, industrial expansion, and rising energy demand in Asian countries have significantly increased Asia’s share of global oil consumption.

Despite many countries moving toward renewable energy and electric vehicles, the data indicate that oil is still the world’s most important energy source, and the global economy will likely remain substantially dependent on it for at least the coming decades.