Oil demand growth
The projected net increase in total oil consumption or demand over a specified period.
Unit million barrels per day Industry Oil and Gas
The chart
Over time
Global over time. Forecasts are dashed with hollow markers; the underlying values are one click away under the chart.
Oil demand growth
Global, 2018–2023 to 2024–2030
Forecast: dashed line, hollow markers, shaded band
Every record
All records
4 records · 1 region · 2018–2030
| Period | Value | Source | Type |
|---|---|---|---|
| Global 4 records | |||
| 2024–2030 | 2.5 million barrels per day | IEA · 31 Dec 2030 | forecast |
| 2023 | 1 million barrels per day | IEA · 31 Dec 2023 | forecast |
| 2018–2023 | 1.2 million barrels per day | IEA · 31 Dec 2023 | forecast |
| 2018 | 1.4 million barrels per day | IEA · 31 Dec 2018 | forecast |
Primary documents
Sources
2 documents. Each links to the publisher's own copy.
| Document | Publisher | Published | Data points |
|---|---|---|---|
| Amid rising geopolitical strains, oil markets face new uncertainties as the drivers of supply and demand growth shift | IEA | — | 1 |
| Market Report Series: Oil 2018 | IEA | — | 3 |
Cite & reuse
Cite this page
Data on this page is published under CC BY 4.0. You may reuse it, including commercially, provided you attribute it. To cite one figure, open its record: each carries APA, MLA, Chicago and BibTeX forms that credit the original publisher.
StatOrigin. (2026). Oil demand growth. Retrieved from https://statorigin.org/indicators/oil-demand-growth