Oil production capacity growth vs Natural gas demand growth rate

In 2024, oil production capacity growth worldwide was 5 million barrels per day (forecast); natural gas demand growth rate was 2.8%.

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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

Line chart

Forecast: dashed line, hollow markers, shaded band

Oil production capacity growthOil production capacity growth. 1 observations from 2024–2030 to 2024–2030, ranging from 5 million barrels per day to 5 million barrels per day, of which 1 are forecasts. million barrels per day 0 1 2 3 4 5 31 Dec 2 Jan 2024 FORECAST 5
Oil production capacity growthOil production capacity growth. 1 observations from 2024–2030 to 2024–2030, ranging from 5 million barrels per day to 5 million barrels per day, of which 1 are forecasts. million barrels per day 0 2 4 6 31 Dec 2 Jan 2024 FORECAST 5
Oil production capacity growthOil production capacity growth. 1 observations from 2024–2030 to 2024–2030, ranging from 5 million barrels per day to 5 million barrels per day, of which 1 are forecasts. million barrels per day 0 2 4 6 31 Dec 2 Jan 2024 FORECAST 5
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Oil production capacity growth
Period Type Value
2024–2030 Forecast 5 million barrels per day
Source: IEA · CC BY 4.0 · Full series

Natural gas demand growth rate

Unit: % · 1 observation

Line chart
Natural gas demand growth rateNatural gas demand growth rate. 1 observations from 2024 to 2024, ranging from 2.8% to 2.8%. % 0 0.5 1 1.5 2 2.5 3 31 Dec 2 Jan 2024 2.8%
Natural gas demand growth rateNatural gas demand growth rate. 1 observations from 2024 to 2024, ranging from 2.8% to 2.8%. % 0 1 2 3 31 Dec 2 Jan 2024 2.8%
Natural gas demand growth rateNatural gas demand growth rate. 1 observations from 2024 to 2024, ranging from 2.8% to 2.8%. % 0 1 2 3 31 Dec 2 Jan 2024 2.8%
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Natural gas demand growth rate
Period Type Value
2024 Actual 2.8%
Source: IEA · CC BY 4.0 · Full series

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 Natural gas demand growth rate
2024 5 million barrels per day 2.8%

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

Natural gas demand growth rate

The year-on-year percentage change in total natural gas demand.

3 observations in Global · source organisations: IEA

Data published under CC BY 4.0. Series A as JSON · Series B as JSON

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