How big is the global oil and gas market?
Oil demand worldwide totalled 104.3 million barrels per day in 2025 (EIA).
309 verified statistics on the oil and gas industry, drawn from 5 primary sources and covering 14 regions. Every figure links to the report it came from.
At a glance
The lead series for this industry. Forecasts are dashed with hollow markers. Download the underlying rows from the data table below.
Global, 2023 to 2030
Forecast: dashed line, hollow markers, shaded band
The short version
Each line is a complete, citable statement. Use the copy button to take the citation with the number.
Affordability
Other
Answered from the data
Oil demand worldwide totalled 104.3 million barrels per day in 2025 (EIA).
United States recorded the highest oil demand at 20.8 million barrels per day in 2027 (EIA).
Brent crude oil price annual change worldwide came in at -11 USD per barrel in 2025 (EIA).
Road vehicles share of oil use worldwide stood at 50% in 2026 (IEA).
EIA projects brent crude oil spot price worldwide (year to date) at 90 USD by end-2026.
Every figure on this page traces to a primary source: 5 organisations publish the underlying data, and the dataset spans 2001 to 2050. The full source table lists each report, its publication date and the original link.
The dataset was last verified on 15 September 2026. Annual series are refreshed when the publisher releases a new edition; corrections are accepted at any time and answered within 48 hours.
Visualised
Rendered as plain SVG, so they work with JavaScript disabled and can be embedded anywhere. Forecasts are drawn dashed, with hollow markers.
Latest available period per region
Forecast
| Category | Source | Type | Value |
|---|---|---|---|
| Asia-Pacific | IEA | Forecast | 4% |
| Africa | IEA | Forecast | 3.5% |
| North America | IEA | Forecast | 1% |
| European Union | IEA | Forecast | -2% |
Global, 2024 to end of 2027
Forecast: dashed line, hollow markers, shaded band
| Period | Type | Value |
|---|---|---|
| 2024 | Actual | 81 USD |
| 2025 | Actual | 69 USD |
| 2026 | Forecast | 91 USD |
| end of 2026 | Forecast | 90 USD |
| 2027 | Forecast | 74 USD |
| end of 2027 | Forecast | 67 USD |
The complete table
Grouped by indicator. Every row links to its own page with the full source, quote and citation. The CSV includes provenance columns so each downloaded row stays citable.
309 data points across 139 indicators. Each line shows the latest value; open a line for earlier periods and forecasts.
Primary documents
The complete list of documents behind this page. Nothing is hidden and nothing is behind a disclosure.
| Document | Publisher | Authority tier | Published | Accessed | Locator | Data points |
|---|---|---|---|---|---|---|
| Market Report Series: Oil 2018 Press release | IEA | T1 Official | — | 15 Sep 2026 | The United States; The US dominates supply growth; Upstream investment | 15 |
| Executive summary – Gas Market Report, Q3-2025 Press release | IEA | T1 Official | — | 15 Sep 2026 | Market fundamentals remained tight in the first half of 2025, supporting higher prices in key import markets; Natural gas demand in Asia markedly slowed in the first half of 2025 amid macroeconomic uncertainty and tight supply; … supporting stronger demand growth in price-sensitive Asian import markets | 37 |
| Global natural gas demand growth set to accelerate in 2026 as more LNG supply comes to market Press release | IEA | T1 Official | — | 15 Sep 2026 | Global natural gas demand growth set to accelerate in 2026 as more LNG supply comes to market | 8 |
| Gas Market Report, Q3 2024 Press release | IEA | T1 Official | — | 15 Sep 2026 | About this report | 1 |
| Amid rising geopolitical strains, oil markets face new uncertainties as the drivers of supply and demand growth shift Press release | IEA | T1 Official | — | 15 Sep 2026 | Amid rising geopolitical strains, oil markets face new uncertainties as the drivers of supply and demand growth shift | 7 |
| Quarterly sales of electric cars break records in several key markets amid energy crisis Press release | IEA | T1 Official | — | 15 Sep 2026 | Quarterly sales of electric cars break records in several key markets amid energy crisis - News - IEA | 1 |
| Market Report Series: Oil 2019 Press release | IEA | T1 Official | — | 15 Sep 2026 | US shale powers global oil market transformation; Upstream investment rises for third straight year | 2 |
| General news Press release | Sodir | T1 Official | — | 15 Sep 2026 | 19 companies offered ownership interests; Will someone give Linerle another chance with EOR?; Growing exploration interest | 7 |
| United States on track for record crude oil production in 2026 Press release | EIA | T1 Official | — | 15 Sep 2026 | Permian; United States on track for record crude oil production in 2026; Federal Gulf of America | 14 |
| Lower crude oil prices reduced U.S.-Canada energy trade value in 2025 Press release | EIA | T1 Official | — | 15 Sep 2026 | Crude oil; Lower crude oil prices reduced U.S.-Canada energy trade value in 2025; Petroleum products | 11 |
| Short-Term Energy Outlook Press release | EIA | T1 Official | — | 15 Sep 2026 | Global oil prices; Global Petroleum and Other Liquids | 29 |
| Short-Term Energy Outlook Press release | EIA | T1 Official | — | 15 Sep 2026 | Global oil prices; Overview; Notable Forecast Changes | 31 |
| Short-Term Energy Outlook Press release | EIA | T1 Official | — | 15 Sep 2026 | Petroleum Products; U.S. diesel crack spreads; U.S. distillate inventories | 26 |
| Short-Term Energy Outlook Press release | EIA | T1 Official | — | 15 Sep 2026 | Petroleum Products; U.S. diesel crack spreads; U.S. distillate inventories | 26 |
| Short-Term Energy Outlook Press release | EIA | T1 Official | — | 15 Sep 2026 | Natural Gas; Natural gas production; Natural gas storage | 28 |
| The U.S.-Canada natural gas and electricity trade value rose in 2025 Press release | EIA | T1 Official | — | 15 Sep 2026 | The U.S.-Canada natural gas and electricity trade value rose in 2025; Natural gas | 6 |
| Market dynamics vary at key natural gas pricing hubs Press release | EIA | T1 Official | — | 15 Sep 2026 | Northeast region (defined as New York, New England, and Pennsylvania); Pacific region; South Central region | 4 |
| United States on track for record natural gas production in 2026 Press release | EIA | T1 Official | — | 15 Sep 2026 | United States on track for record natural gas production in 2026 | 8 |
| Longer wells boost Permian crude oil and natural gas production Press release | EIA | T1 Official | — | 15 Sep 2026 | Longer wells boost Permian crude oil and natural gas production | 4 |
| U.S. LNG exports rose 23% in the first half of 2026 because of higher capacity Press release | EIA | T1 Official | — | 15 Sep 2026 | U.S. LNG exports rose 23% in the first half of 2026 because of higher capacity | 1 |
| Corpus Christi LNG expansion makes facility the second-largest in the United States Press release | EIA | T1 Official | — | 15 Sep 2026 | Corpus Christi LNG expansion makes facility the second-largest in the United States | 6 |
| New England natural gas prices have been trading near record discounts to Henry Hub Press release | EIA | T1 Official | — | 15 Sep 2026 | New England natural gas prices have been trading near record discounts to Henry Hub | 1 |
| Dangote refinery drives increase in petroleum shipments from Nigeria Press release | EIA | T1 Official | — | 15 Sep 2026 | Dangote refinery drives increase in petroleum shipments from Nigeria | 7 |
| Eight petroleum liquids pipeline projects have been completed since the start of 2025 Press release | EIA | T1 Official | — | 15 Sep 2026 | Coastal Bend NGL Pipeline Expansion 1 (former EPIC Y-grade pipeline) | 1 |
| Elevated crack spreads and crude oil prices contribute to higher prices at the pump Press release | EIA | T1 Official | — | 15 Sep 2026 | What is the average cost of a gallon of gasoline in different U.S. regions? | 1 |
| Waterborne shipments from the U.S. Gulf Coast increased in April and May Press release | EIA | T1 Official | — | 15 Sep 2026 | Waterborne shipments from the U.S. Gulf Coast increased in April and May | 3 |
| API Publishes Third Edition of Specification Q2 for Well-Site Service Organizations Press release | API | T2 National | 10 Sep 2026 | 15 Sep 2026 | API Publishes Third Edition of Specification Q2 for Well-Site Service Organizations | 1 |
| API and Korea Gas Corporation Announce MOU to Strengthen Technical Cooperation Press release | API | T2 National | 4 Sep 2026 | 15 Sep 2026 | API and Korea Gas Corporation Announce MOU to Strengthen Technical Cooperation | 1 |
| Inside the Global Squeeze on Diesel Press release | API | T2 National | 26 Aug 2026 | 15 Sep 2026 | The world has lost almost 10% of its fuel-making capacity; U.S. refineries are already running hard to keep the market supplied; Inside the Global Squeeze on Diesel | 4 |
| API Strengthens Pipeline Integrity Management Standard Press release | API | T2 National | 18 Aug 2026 | 15 Sep 2026 | API Strengthens Pipeline Integrity Management Standard | 1 |
| API and Instituto Mexicano del Petróleo Sign MOU to Strengthen Technical Cooperation Press release | API | T2 National | 14 Aug 2026 | 15 Sep 2026 | API and Instituto Mexicano del Petróleo Sign MOU to Strengthen Technical Cooperation | 1 |
| Gulf of America Lease Sale 'Another Vote of Confidence in American Energy' Press release | API | T2 National | 12 Aug 2026 | 15 Sep 2026 | Gulf of America Lease Sale 'Another Vote of Confidence in American Energy' | 4 |
| API Applauds Trump Administration Extension of Jones Act Waivers Press release | API | T2 National | 10 Aug 2026 | 15 Sep 2026 | API Applauds Trump Administration Extension of Jones Act Waivers | 1 |
| The Long View: How America Became the World's Energy Stabilizer Press release | API | T2 National | 6 Aug 2026 | 15 Sep 2026 | Years of investment changed America’s role in global energy; Long-term investment requires a path from production to market | 3 |
| Chevron expands position in Venezuela Press release | Chevron | T2 National | — | 15 Sep 2026 | Chevron expands position in Venezuela | 4 |
| A turning point for energy in Venezuela Press release | Chevron | T2 National | — | 15 Sep 2026 | Key facts; Building on experience | 3 |
| Five things you may not know about natural gas Press release | Chevron | T2 National | — | 15 Sep 2026 | Did you know? | 1 |
Report snapshots are retained internally for verification only and are never redistributed. Where a figure comes from a paywalled report, only the number published in its public summary is recorded.
All 309 collected records are published as verified.
Cite & reuse
Data on this page is published under CC BY 4.0. You may reuse it, including commercially, provided you attribute it.
StatOrigin. (2026). Oil and Gas Industry Statistics. Retrieved from https://statorigin.org/industries/oil-and-gas
This page was last generated on 18 September 2026 from a verified dataset snapshot. It is rebuilt whenever the underlying data changes.