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World oil demand growth, 2018-2024 for selected countries : China, India, Middle East, Rest of the World.
Mar 14, 2024 · World oil demand growth is now forecast at 1.3 mb/d in 2024, down sharply from last year’s 2.3 mb/d expansion. The slowdown in growth, already apparent in recent data, means that oil consumption reverts towards its historical trend after several years of volatility from the post-pandemic rebound.
Jun 12, 2024 · The report provides detailed analysis and forecasts of oil demand fundamentals across fuels, sectors and regions. It also outlines projected supply from planned upstream and downstream projects around the world.
The most important statistics. In 2023, world oil demand exceeded 100 million bbl/d for the first time since the pandemic. Forecasts suggest global oil demand will grow even more in 2024.
Trend. Appears in. Oil 2020. Global oil demand growth, 2011-2025 - Chart and data by the International Energy Agency.
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Mar 22, 2024 · The International Energy Agency forecasts oil demand will rise 1.3 MMbpd in 2024. While that’s less than last year’s jump of 2.2 MMbpd, when China’s emergence from Covid restrictions juiced...
