OPEC liquid fuels production vs Oil demand
In 2027, OPEC liquid fuels production worldwide stood at 29.4 million barrels per day (forecast), against 105 million barrels per day (forecast) for oil demand.
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The series
Over time
Global, spaced by time. Both series are in million barrels per day, so they share one axis; the legend names each line.
OPEC liquid fuels production and Oil demand
Unit: million barrels per day · 10 observations
Forecast: dashed line, hollow markers, shaded band
View the underlying data
| Indicator | Period | Type | Value |
|---|---|---|---|
| OPEC liquid fuels production | 2027 | Forecast | 29.4 million barrels per day |
| OPEC liquid fuels production | 2026 | Forecast | 23.6 million barrels per day |
| OPEC liquid fuels production | 2025 | Actual | 29.3 million barrels per day |
| OPEC liquid fuels production | 2024 | Actual | 28.4 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 4 periods are published for both series. Comparing anything else would mean comparing different years.
| Period | OPEC liquid fuels production | Oil demand |
|---|---|---|
| 2024 | 28.4 million barrels per day | 103.1 million barrels per day |
| 2025 | 29.3 million barrels per day | 104.3 million barrels per day |
| 2026 | 23.6 million barrels per day | 102.6 million barrels per day |
| 2027 | 29.4 million barrels per day | 105 million barrels per day |
Provenance
Where these numbers come from
OPEC liquid fuels production
The total volume of crude oil and other liquid fuels produced per day by OPEC member nations.
4 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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