Although the use of renewable energy in making electricity has been steadily increasing in recent years, oil remains the most crucial energy source globally, especially for transportation and heating.
According to a report by the International Energy Agency (IEA), 29% of the world's energy will come from oil in 2020, as noted by Statista's Florian Zandt.
As seen in the information provided by Zandt below, based on the Energy Institute Statistical Review of World Energy 2023 (read below), two countries were major consumers of oil in 2022.
In the previous year, the United States used 19 million barrels of oil each day, while the People's Republic of China, its strong economic and political rival, used 14 million barrels per day.
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Compared to the two superpowers, the usage of oil by other countries is much lower. The combined oil consumption of the remaining top 8 consumers is only about two-thirds of what the U.S. and China ...