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Oil production capacity growth

Projected total addition to crude and liquids production capacity over a multi-year period.

Unit million barrels per day Industry Oil and Gas

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Records
2
Regions
1
Period
2018–2030
Sources
1
Verification 2 verified data points Verified 15 Sep 2026 Next update Sources typically refresh annually

The chart

Over time

Global over time. Forecasts are dashed with hollow markers; the underlying values are one click away under the chart.

Oil production capacity growth

Global, 2018–2023 to 2024–2030

2 observations · 2018–2023 to 2024–2030

Forecast: dashed line, hollow markers, shaded band

Oil production capacity growthOil 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 growthOil 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 growthOil 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 production capacity growth
Period Type Value
2018–2023 Forecast 6.4 million barrels per day
2024–2030 Forecast 5 million barrels per day
Source: IEA · million barrels per day · CC BY 4.0 · statorigin.org
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Forecasts are dashed, with hollow markers.

Every record

All records

2 records · 1 region · 2018–2030

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Oil production capacity growth: every record, grouped by region, newest first.
Period Value Source Type
Global 2 records
2024–2030 5 million barrels per day IEA · 31 Dec 2030 forecast
2018–2023 6.4 million barrels per day IEA · 31 Dec 2023 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 — 1

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StatOrigin. (2026). Oil production capacity growth. Retrieved from https://statorigin.org/indicators/oil-production-capacity-growth

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