B06 · Oil and Gas · Global

Oil production capacity growth

Global: 5 million barrels per day in 2024–2030.

  • Irregular Release cadence
  • 2 Records · 1 region · 2018–2030

Verified 27 Sep 2026 · 1 publisher

Over time

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

Fig 1 · B06 · Global Irregular

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

Forecasts are dashed, with hollow markers.

Every record

2 records · 1 region · 2018–2030. Each period links to its record: the value, its source evidence and original document.

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

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How this measure is built

Definition
Projected total addition to crude and liquids production capacity over a multi-year period.
Measure
One slice of Oil production capacity ( form: growth ) . Maximum sustainable volume of crude oil and liquid fuels that can be produced. Region and period are columns on every record, not slices.
Limitations
2 figures are projections, drawn dashed and labelled in the table. Values are shown as published; StatOrigin does not revise, fill gaps or convert currencies.
Verification
Each value, unit, period and place was checked against its source evidence before publication. See the methodology and the corrections process.

Sources · 2 documents

Other slices of oil production capacity

Frequently asked questions

What is the latest oil production capacity growth?

Global: 5 million barrels per day in 2024–2030.

Where does this data come from?

From 2 documents published by IEA. Every figure on this page links to its record, which preserves the original source evidence.

How often is it updated?

Irregularly: the publishers behind this measure do not release it on a fixed schedule. A new figure appears here once it is published and verified.

Can I use this data?

Yes. StatOrigin publishes it under CC BY 4.0: you may copy, chart and republish it, including commercially, with attribution to StatOrigin and to the original publisher.

Cite this page

Cite the page as a data set, or open any record to cite one figure: each record carries APA, MLA, Chicago and BibTeX forms that credit the original publisher.

StatOrigin. (2026). Oil production capacity growth [Data set]. Retrieved October 28, 2026, from https://statorigin.org/indicators/oil-production-capacity-growth

"Oil production capacity growth." StatOrigin, 2026, https://statorigin.org/indicators/oil-production-capacity-growth. Accessed 28 Oct. 2026.

StatOrigin. "Oil production capacity growth." Data set, 2026. Accessed October 28, 2026. https://statorigin.org/indicators/oil-production-capacity-growth.

@misc{statorigin_oil_production_capacity_growth_2026, title = {Oil production capacity growth}, author = {{StatOrigin}}, year = {2026}, url = {https://statorigin.org/indicators/oil-production-capacity-growth}, note = {Data set. Accessed 2026-10-28} }