text: how much oil does israel use?should opec lower the cost of oil(gas)? why should opec lower the price of oil(gas) i need three reasons. how much oil does israel use? does israel need oil? i need any help i can get on this. i don't get what is the relation with the opec question and israel. israel is hardly an influence in any opc decision about the cost of oil.  anyway:  israel consumes about 270,100 barrels/day. ranks #42 worldwide. it amounts to 0.43 barrels per day per 10 persons (ranking #35 worldwide).   israel needs oil like any other country in the world.