Upstream oil and gas capital expenditure growth vs Oil demand

Upstream oil and gas capital expenditure growth and Oil demand worldwide, drawn over time. No period has an observed value for both, so the two are not set side by side.

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Global, annual figures, spaced by time . 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.

Upstream oil and gas capital expenditure growth

Unit: % · 3 observations

Line chart

Forecast: dashed line, hollow markers, shaded band

Upstream oil and gas capital expenditure growthUpstream oil and gas capital expenditure growth. 3 observations from 2015 to 2019, ranging from -25% to 4%, of which 1 are forecasts. Latest value 4% (2019). % -30 -20 -10 0 10 2015 2018 2021 2024 2027 2030 FORECAST -25% 4%
Upstream oil and gas capital expenditure growthUpstream oil and gas capital expenditure growth. 3 observations from 2015 to 2019, ranging from -25% to 4%, of which 1 are forecasts. Latest value 4% (2019). % -30 -20 -10 0 10 2015 2018 2021 2024 2027 2030 FORECAST -25% 4%
Upstream oil and gas capital expenditure growthUpstream oil and gas capital expenditure growth. 3 observations from 2015 to 2019, ranging from -25% to 4%, of which 1 are forecasts. Latest value 4% (2019). % -30 -20 -10 0 10 2015 2018 2021 2024 2027 2030 FORECAST -25% 4%
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Upstream oil and gas capital expenditure growth
Period Type Value
2015 Actual -25%
2016 Actual -25%
2019 Forecast 4%
Source: IEA · CC BY 4.0 · Full series

Oil demand

Unit: million barrels per day · 6 observations

Line chart

Forecast: dashed line, hollow markers, shaded band

Oil demandOil 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 2015 2018 2021 2024 2027 2030 105 106
Oil demandOil 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 2015 2018 2021 2024 2027 2030 105 106
Oil demandOil 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 2015 2018 2021 2024 2027 2030 105 106
View the underlying data
Oil demand
Period Type Value
2023 Forecast 104.7 million barrels per day
2024 Actual 103.1 million barrels per day
2025 Actual 104.3 million barrels per day
2026 Forecast 102.6 million barrels per day
2027 Forecast 105 million barrels per day
2030 Forecast 105.5 million barrels per day
Source: IEA, EIA · CC BY 4.0 · Full series

Shared periods

Side by side

The two series do not publish a figure for the same period.

Provenance

Where these numbers come from

Upstream oil and gas capital expenditure growth

Annual percentage change in capital expenditures for upstream oil and gas exploration and production.

3 observations charted in Global · source organisations: IEA

Oil demand

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

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