Oil demand growth

RecordSTO-01M2KJ7XC0-54GEVGWHB4-GWGE03

1 millionbarrels per day
forecast

Global · 2023

IEA projected oil demand growth worldwide at 1 million barrels per day in 2023.

Original source

Oil demand growth: every country and year, and how it is measured

Publisher
IEA
Authority tier
T1 Official
Locator
Solid economy underpins demand growth
Retrieved
15 Sep 2026
Status
Verified

What the source says

While there is no peak oil demand in sight, the pace of growth will slow down to 1 mb/d by 2023 after expanding by 1.4 mb/d in 2018.

Checked: the figure 1 million barrels per dayis stated in this passage. If it does not match, the extraction is wrong and we want to know.

Cite this figure

APA

International Energy Agency. (2023). Market Report Series: Oil 2018. Retrieved September 15, 2026, from https://www.iea.org/reports/oil-2018. Via StatOrigin, https://statorigin.org/stat/stat_01M2KJ7XC054GEVGWHB4GWGE03

Other formats: MLA, Chicago, BibTeX
MLA
International Energy Agency. "Market Report Series: Oil 2018." 2023, https://www.iea.org/reports/oil-2018. Accessed 15 Sept. 2026 via StatOrigin, https://statorigin.org/stat/stat_01M2KJ7XC054GEVGWHB4GWGE03.
Chicago
International Energy Agency. "Market Report Series: Oil 2018." 2023. https://www.iea.org/reports/oil-2018. Accessed September 15, 2026. Cited from StatOrigin, https://statorigin.org/stat/stat_01M2KJ7XC054GEVGWHB4GWGE03.
BibTeX
@misc{iea2023demandgwge03, author = {{International Energy Agency}}, title = {Market Report Series: Oil 2018}, year = {2023}, howpublished = {StatOrigin, https://statorigin.org}, url = {https://statorigin.org/stat/stat_01M2KJ7XC054GEVGWHB4GWGE03}, note = {Original source: https://www.iea.org/reports/oil-2018. Accessed September 15, 2026.} }

Data published under CC BY 4.0. The citation credits the original publisher and links to this permanent record.

Provenance and verification

Everything needed to check this number yourself, without taking our word for it.

Chain of custody
Record: STO-01M2KJ7XC0-54GEVGWHB4-GWGE03 T1 Official

Primary source

Publisher
International Energy Agency · homepage ↗
Authority tier
Tier 1 · Multilateral Official
Report
Market Report Series: Oil 2018
Type
Report
Published
—
Locator
Solid economy underpins demand growth
Retrieved
15 September 2026
Link status
Reachable (HTTP 200)
Report licence
CC by 4.0

Verification

Status
Verified
Review protocol
Editorial review
Checked on
15 September 2026
Last revision
15 September 2026
Permanent URL
/stat/stat_01M2KJ7XC054GEVGWHB4GWGE03