Oil demand vs Brent crude oil spot price (year to date)
In 2027, oil demand worldwide was 105 million barrels per day (forecast); brent crude oil spot price (year to date) was 67 USD (forecast).
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The series
Over time
Global, spaced by time from 2024 to 2027 . Different units, drawn on separate scales and clipped to the years both series publish — earlier history stays on each indicator's own page. Read the values, not the heights.
Oil demand
Unit: million barrels per day · 4 observations
Forecast: dashed line, hollow markers, shaded band
Brent crude oil spot price (year to date)
Unit: USD · 6 observations
Forecast: dashed line, hollow markers, shaded band
View the underlying data
| Period | Type | Value |
|---|---|---|
| 2024 | Actual | 81 USD |
| 2025 | Actual | 69 USD |
| 2026 | Forecast | 91 USD |
| end of 2026 | Forecast | 90 USD |
| 2027 | Forecast | 74 USD |
| end of 2027 | Forecast | 67 USD |
Shared periods
Side by side
Only 4 periods are published for both series. Comparing anything else would mean comparing different years.
| Period | Oil demand | Brent crude oil spot price (year to date) |
|---|---|---|
| 2024 | 103.1 million barrels per day | 81 USD |
| 2025 | 104.3 million barrels per day | 69 USD |
| 2026 | 102.6 million barrels per day | 90 USD |
| 2027 | 105 million barrels per day | 67 USD |
Provenance
Where these numbers come from
Oil demand
Total volume of oil and other liquid fuels consumed or demanded within a given year.
6 observations in Global · source organisations: IEA, EIA
Brent crude oil spot price (year to date)
Average spot price of Brent crude oil per barrel.
6 observations in Global · source organisations: EIA
Data published under CC BY 4.0. Series A as JSON · Series B as JSON
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