Oil products domestic consumption

In 2025, global oil product consumption rose by nearly 1%, close to its 2010-2019 average growth rate.

In 2025, oil product consumption was driven by China, which overtook the USA as the largest oil consumer; oil product consumption rose by nearly 2% in China and remained stable in the USA. Both countries have been massively developing EVs in the transport sector, contributing to moderate the growth in oil product demand.
Oil product consumption stagnated in Europe, South Africa and Australia, but declined in Japan, South Korea, Mexico and Saudi Arabia.
On the contrary, it increased in India (+1%) – though at a slower rate than over the 2010-2019 period amid rising biofuel consumption in transports – and continued rising in most countries, such as Russia, Canada, Brazil, Indonesia, or Iran. New domestic production also boosted oil product demand in Nigeria (+21%).