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Countries around the world are looking at ways to reduce consumption of oil primarily because of the high cost it takes on the foreign exchange.
Let's take a look at 25 biggest consumers of oil in the world, according to indexmundi.com.
Source: indexmundi.com
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The United States
Oil consumption in 2012: 19,150,000 barrels of oil per day
Global rank in consumption: 1
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China
Oil consumption in 2012: 9,400,000 barrels of oil per day
Global rank in consumption: 2
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Japan
Oil consumption in 2012: 4,452,000 barrels of oil per day
Global rank in consumption: 3
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India
Oil consumption in 2012: 3,182,000 barrels of oil per day
Global rank in consumption: 4
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Saudi Arabia
Oil consumption in 2012: 2,643,000 barrels of oil per day
Global rank in consumption: 5
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Germany
Oil consumption in 2012: 2,495,000 barrels of oil per day
Global rank in consumption: 6
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Canada
Oil consumption in 2012: 2,209,000 barrels of oil per day
Global rank in consumption: 7
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Russia
Oil consumption in 2012: 2,199,000 barrels of oil per day
Global rank in consumption: 8
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South Korea
Oil consumption in 2012: 2,195,000 barrels of oil per day
Global rank in consumption: 9
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Mexico
Oil consumption in 2012: 2,073,000 barrels of oil per day
Global rank in consumption: 10
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Brazil
Oil consumption in 2012: 2,029,000 barrels of oil per day
Global rank in consumption: 11
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France
Oil consumption in 2012: 1,861,000 barrels of oil per day
Global rank in consumption: 12
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Iran
Oil consumption in 2012: 1,845,000 barrels of oil per day
Global rank in consumption: 13
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The United Kingdom
Oil consumption in 2012: 1,622,000 barrels of oil per day
Global rank in consumption: 14
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Italy
Oil consumption in 2012: 1,528,000 barrels of oil per day
Global rank in consumption: 15
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Spain
Oil consumption in 2012: 1,441,000 barrels of oil per day
Global rank in consumption: 16
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Indonesia
Oil consumption in 2012: 1,292,000 barrels of oil per day
Global rank in consumption: 17
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Singapore
Oil consumption in 2012: 1,080,000 barrels of oil per day
Global rank in consumption: 18
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The Netherlands
Oil consumption in 2012: 1,009,000 barrels of oil per day
Global rank in consumption: 19
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Taiwan
Oil consumption in 2012: 1,002,000 barrels of oil per day
Global rank in consumption: 20
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Thailand
Oil consumption in 2012: 988,000 barrels of oil per day
Global rank in consumption: 21
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Australia
Oil consumption in 2012: 960,800 barrels of oil per day
Global rank in consumption: 22
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Argentina
Oil consumption in 2012: 746,000 barrels of oil per day
Global rank in consumption: 23
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Egypt
Oil consumption in 2012: 740,000 barrels of oil per day
Global rank in consumption: 24
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Iraq
Oil consumption in 2012: 694,000 barrels of oil per day
Global rank in consumption: 25