Share of global oil supply growth

“When we look at oil market trends over the past decade, we see a remarkable double act – thanks to the shale revolution, the United States has accounted for 90% of oil supply growth worldwide, while 60% of the rise in global demand has come from China.

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APA

International Energy Agency. (2024). Amid rising geopolitical strains, oil markets face new uncertainties as the drivers of supply and demand growth shift. Retrieved September 15, 2026, from https://www.iea.org/news/amid-rising-geopolitical-strains-oil-markets-face-new-uncertainties-as-the-drivers-of-supply-and-demand-growth-shift. Via StatOrigin, https://statorigin.org/stat/stat_01M2KJ7XC1BW4YXSVZGRDT9T08

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MLA

International Energy Agency. "Amid rising geopolitical strains, oil markets face new uncertainties as the drivers of supply and demand growth shift." 2024, https://www.iea.org/news/amid-rising-geopolitical-strains-oil-markets-face-new-uncertainties-as-the-drivers-of-supply-and-demand-growth-shift. Accessed 15 Sept. 2026 via StatOrigin, https://statorigin.org/stat/stat_01M2KJ7XC1BW4YXSVZGRDT9T08.

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Chicago

International Energy Agency. "Amid rising geopolitical strains, oil markets face new uncertainties as the drivers of supply and demand growth shift." 2024. https://www.iea.org/news/amid-rising-geopolitical-strains-oil-markets-face-new-uncertainties-as-the-drivers-of-supply-and-demand-growth-shift. Accessed September 15, 2026. Cited from StatOrigin, https://statorigin.org/stat/stat_01M2KJ7XC1BW4YXSVZGRDT9T08.

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BibTeX

@misc{iea2024sharedt9t08, author = {{International Energy Agency}}, title = {Amid rising geopolitical strains, oil markets face new uncertainties as the drivers of supply and demand growth shift}, year = {2024}, howpublished = {StatOrigin, https://statorigin.org}, url = {https://statorigin.org/stat/stat_01M2KJ7XC1BW4YXSVZGRDT9T08}, note = {Original source: https://www.iea.org/news/amid-rising-geopolitical-strains-oil-markets-face-new-uncertainties-as-the-drivers-of-supply-and-demand-growth-shift. Accessed September 15, 2026.} }

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Record last modified 15 September 2026. Value type: actual. Update cadence: annual. This page is permanently addressable at statorigin.org/stat/stat_01M2KJ7XC1BW4YXSVZGRDT9T08.