Oil Consumption
Oil consumption refers to the total amount of crude oil and its derivatives used by a country or region over a specific period. It is a critical measure of energy use, as oil is a primary source of fuel for transportation, heating, and electricity generation. The demand for oil can fluctuate based on economic activity, technological advancements, and shifts toward alternative energy sources.
Globally, oil consumption is influenced by factors such as population growth, industrialization, and changes in consumer behavior. Major consumers include countries like the United States, China, and India, which rely heavily on oil for their energy needs. Understanding oil consumption patterns helps in assessing energy policies and environmental impacts.