Quick Answer: What Are The Top 3 Uses Of Oil In The World?

Who are the world’s top 5 oil consumers?

The Top Ten: Top Oil ConsumersChina.

13.6.India.

4.3.Japan.

3.9.Russia.

3.7.Saudi Arabia.

3.3.Brazil.

South Korea.

2.6.Germany.

2.5.More items…•.

How do humans use oil in a daily life?

Oil and natural gas are used in everyday products such as lipstick and deodorant and life-saving medical devices, such as MRI machines and pacemakers. Byproducts from oil refining is used to produce plastics, as well as lubricants, waxes, tars and even asphalt for our roads.

How much oil is left in the world?

Now for some hard numbers. In its latest Statistical Review of World Energy, BP estimated the world had 1.7297 trillion barrels of crude oil remaining at the end of 2018. That was up from 1.7275 trillion barrels a year earlier and 1.4938 trillion barrels in 2008.

Who is the number 1 oil producing country?

The World’s Top Oil Producers of 2019United States. The United States is the top oil-producing country in the world, with an average of 19.51 million b/d, which accounts for 19% of the world’s production.1 This is up from the 10.96 million b/d in 2018.2 The U.S. has held the top spot for the past six years. … Saudi Arabia. … Russia. … Canada. … China.

What are the main uses of oil?

We use petroleum products to propel vehicles, to heat buildings, and to produce electricity. In the industrial sector, the petrochemical industry uses petroleum as a raw material (a feedstock) to make products such as plastics, polyurethane, solvents, and hundreds of other intermediate and end-user goods.

What are the top three uses of oil in the world?

According to the Energy Information Administration, here is the breakdown of U.S. Petroleum Consumption in 2001:Gasoline (Used to fuel cars) – 44%Heating Oil (Used to heat buildings), and Diesel Fuel – 19%Other Products – 15%Jet Fuel – 8%Propane – 6%More items…

What is the best oil in the world?

Lightest, Low-Sulfur, Low Tan Crude Oil Deposits in the World. The best crude oil in the world is found in Malaysia. “Tapis, the Malaysian crude benchmark traded in Singapore, has for a long time held the title of the world’s most expensive grade.

Who is the biggest consumer of oil?

The United States and China are two of the largest consumers of oil in the world, totaling 19.4 million barrels per day and 14 million barrels per day, respectively.

What country has most oil?

VenezuelaOil Reserves by Country#CountryOil Reserves (barrels) in 20161Venezuela299,953,000,0002Saudi Arabia266,578,000,0003Canada170,863,000,0004Iran157,530,000,00094 more rows