Forecast global oil demand growth 2024, by key energy agency

Published by Statista Research Department, Mar 14, 2024
The International Energy Agency expects worldwide oil demand to increase by some 1.4 million barrels per day in 2024. This estimat from February 2024 is lower than previous forecasts and also a significant divergence from expectations by the OPEC.

Forecast year-on-year increase in crude oil demand worldwide in 2024, by select energy agency (in million barrels per day)

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Sources

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Release date

March 2024

Region

Worldwide

Survey time period

2024

Supplementary notes

Statistic manually assembled from the following sources: IEA (International Energy Agency) - Oil market report February 2024;
EIA (U.S. Energy Information Administration) - Short Term Energy Outlook March 2024;
OPEC (Organization of the Petroleum Exporting Countries) - Reuters article "OPEC sticks to oil demand view, nudges up economic growth"

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