Crude oil had been the hottest commodity traded in the market beside gold. The industries around the world had been powered up by "black gold" which is another name for crude oil. Cars and machines would not be able to run without power and crude oil is one of the hottest power sources. Countries war against one another for oil. In 1995, United Nations introduced Oil-for-Food Programme for Iraq to exchange oil for food, medicine and other basic human needs. Below is the list of top 10 oil consumer countries in the world.
Top 10 Biggest Oil Consumption Countries
- United States
- China
- Japan
- Russia
- India
- Germany
- Brazil
- Canada
- Saudi Arabia
- South Korea
Malaysia ranked #30 while Singapore ranked #22. Have you wonder why a small island like Singapore consumed more petroleum compared to Malaysia? Interesting, isn’t it?
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