Oil demand growth vs Oil demand
In 2023, oil demand growth worldwide stood at 1 million barrels per day (forecast), against 104.7 million barrels per day (forecast) for oil demand.
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The series
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Global, spaced by time. Both series are in million barrels per day, so they share one axis; the legend names each line.
Oil demand growth and Oil demand
Unit: million barrels per day · 8 observations
Forecast: dashed line, hollow markers, shaded band
View the underlying data
| Indicator | Period | Type | Value |
|---|---|---|---|
| Oil demand growth | 2023 | Forecast | 1 million barrels per day |
| Oil demand growth | 2018 | Forecast | 1.4 million barrels per day |
| Oil demand | 2030 | Forecast | 105.5 million barrels per day |
| Oil demand | 2027 | Forecast | 105 million barrels per day |
| Oil demand | 2026 | Forecast | 102.6 million barrels per day |
| Oil demand | 2025 | Actual | 104.3 million barrels per day |
| Oil demand | 2024 | Actual | 103.1 million barrels per day |
| Oil demand | 2023 | Forecast | 104.7 million barrels per day |
Shared periods
Side by side
Only one period is published for both series as annual figures on the same basis. Comparing anything else would mean comparing different periods.
| Period | Oil demand growth | Oil demand |
|---|---|---|
| 2023 both forecasts | 1 million barrels per day IEA | 104.7 million barrels per day IEA |
Provenance
Where these numbers come from
Oil demand growth
The projected net increase in total oil consumption or demand over a specified period.
2 observations charted in Global · source organisations: IEA
Oil demand
Total volume of oil and other liquid fuels consumed or demanded within a given year.
6 observations charted in Global · source organisations: IEA, EIA
Data published under CC BY 4.0. Series A as JSON · Series B as JSON
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