Home / Compare / Oil production capacity growth vs Oil demand Oil production capacity growth vs Oil demand Oil production capacity growth (multi-month) and Oil demand (annual) worldwide. They are published at different intervals, so each is drawn on its own rather than matched period by period.
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Compare different indicators The series
Over time Global. Oil production capacity growth is published as multi-month figures and oil demand as annual ones, so they are drawn on separate
charts,
and no period is matched between them. Read each on its own.
Oil production capacity growth
Unit: million barrels per day · 2 observations
Line chart
Oil production capacity growth Oil production capacity growth. 2 observations from 2018–2023 to 2024–2030, ranging from 5 million barrels per day to 6.4 million barrels per day, of which 2 are forecasts. Latest value 5 million barrels per day (2024–2030).
million barrels per day
0
2
4
6
8
2018
2019
2020
2021
2022
2023
2024
FORECAST
5
Oil production capacity growth Oil production capacity growth. 2 observations from 2018–2023 to 2024–2030, ranging from 5 million barrels per day to 6.4 million barrels per day, of which 2 are forecasts. Latest value 5 million barrels per day (2024–2030).
million barrels per day
0
2
4
6
8
2018
2019
2020
2021
2022
2023
2024
FORECAST
5
Oil production capacity growth Oil production capacity growth. 2 observations from 2018–2023 to 2024–2030, ranging from 5 million barrels per day to 6.4 million barrels per day, of which 2 are forecasts. Latest value 5 million barrels per day (2024–2030).
million barrels per day
0
2
4
6
8
2018
2019
2020
2021
2022
2023
2024
FORECAST
5
View the underlying data Oil demand
Unit: million barrels per day · 6 observations
Line chart
Oil demand Oil demand. 6 observations from 2023 to 2030, ranging from 102.6 million barrels per day to 105.5 million barrels per day, of which 4 are forecasts. Latest value 105.5 million barrels per day (2030).
million barrels per day
0
30
60
90
120
2023
2024
2025
2026
2027
2028
2029
2030
105
106
Oil demand Oil demand. 6 observations from 2023 to 2030, ranging from 102.6 million barrels per day to 105.5 million barrels per day, of which 4 are forecasts. Latest value 105.5 million barrels per day (2030).
million barrels per day
0
30
60
90
120
2023
2024
2025
2026
2027
2028
2029
2030
105
106
Oil demand Oil demand. 6 observations from 2023 to 2030, ranging from 102.6 million barrels per day to 105.5 million barrels per day, of which 4 are forecasts. Latest value 105.5 million barrels per day (2030).
million barrels per day
0
30
60
90
120
2023
2024
2025
2026
2027
2028
2029
2030
105
106
View the underlying data Shared periods
Side by side No period lines up: oil production capacity growth is multi-month and oil demand is annual. A month and a year are not the same measurement window, so no row pairs them.
Provenance
Where these numbers come from Projected total addition to crude and liquids production capacity over a multi-year period.
2 observations charted in Global
· source organisations: IEA
Total volume of oil and other liquid fuels consumed or demanded within a given year.
6 observations charted in Global
· source organisations: IEA, EIA
Data published under CC BY 4.0 .
Series A as JSON · Series B as JSON