Oil production capacity growth vs Brent crude oil spot price (year to date)
In 2024, oil production capacity growth worldwide was 5 million barrels per day (forecast); brent crude oil spot price (year to date) was 81 USD.
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Global, spaced by time in 2024 . 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 production capacity growth
Unit: million barrels per day · 1 observation
Forecast: dashed line, hollow markers, shaded band
View the underlying data
| Period | Type | Value |
|---|---|---|
| 2024–2030 | Forecast | 5 million barrels per day |
Brent crude oil spot price (year to date)
Unit: USD · 1 observation
View the underlying data
| Period | Type | Value |
|---|---|---|
| 2024 | Actual | 81 USD |
Shared periods
Side by side
Only one period is published for both series. Comparing anything else would mean comparing different years.
| Period | Oil production capacity growth | Brent crude oil spot price (year to date) |
|---|---|---|
| 2024 | 5 million barrels per day | 81 USD |
Provenance
Where these numbers come from
Oil production capacity growth
Projected total addition to crude and liquids production capacity over a multi-year period.
2 observations in Global · source organisations: IEA
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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