Oil demand vs Natural gas demand growth rate
In 2024, oil demand worldwide was 103.1 million barrels per day; natural gas demand growth rate was 2.8%.
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The series
Over time
Global, annual figures, spaced by time from 2024 to 2026 . 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 · 3 observations
Forecast: dashed line, hollow markers, shaded band
Natural gas demand growth rate
Unit: % · 3 observations
Forecast: dashed line, hollow markers, shaded band
Shared periods
Side by side
2 periods are published for both series as annual figures on the same basis. 1 further period pairs an actual with a forecast and is left out. Comparing anything else would mean comparing different periods.
| Period | Oil demand | Natural gas demand growth rate |
|---|---|---|
| 2024 | 103.1 million barrels per day EIA | 2.8% IEA |
| 2026 both forecasts | 102.6 million barrels per day EIA | 2% IEA |
Provenance
Where these numbers come from
Oil demand
Total volume of oil and other liquid fuels consumed or demanded within a given year.
3 observations charted in Global (of 6 annual records) · source organisations: IEA, EIA
Natural gas demand growth rate
The year-on-year percentage change in total natural gas demand.
3 observations charted in Global · source organisations: IEA
Data published under CC BY 4.0. Series A as JSON · Series B as JSON
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