Oil inventory drawdown vs Oil demand
In 2026, oil inventory drawdown worldwide stood at 1.7 million barrels per day (forecast), against 102.6 million barrels per day (forecast) for oil demand.
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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 inventory drawdown and Oil demand
Unit: million barrels per day · 9 observations
Forecast: dashed line, hollow markers, shaded band Estimates are listed as such in the table below
View the underlying data
| Indicator | Period | Type | Value |
|---|---|---|---|
| Oil inventory drawdown | Q4 2026 | Forecast | 1.7 million barrels per day |
| Oil inventory drawdown | Q3 2026 | Forecast | 3 million barrels per day |
| Oil inventory drawdown | Q2 2026 | Estimate | 3.9 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. Comparing anything else would mean comparing different years.
| Period | Oil inventory drawdown | Oil demand |
|---|---|---|
| 2026 | 1.7 million barrels per day | 102.6 million barrels per day |
Provenance
Where these numbers come from
Oil inventory drawdown
The average daily reduction in petroleum and other liquids inventories.
3 observations in Global · source organisations: EIA
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
Data published under CC BY 4.0. Series A as JSON · Series B as JSON
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