Daily global crude oil demand 2006-2020

Global demand for crude oil (including biofuels) in 2018 amounted to 99.3 million barrels per day and is projected to increase to 101.6 million barrels per day in 2020. When compared to the daily oil demand of 86.4 million barrels in 2010, the increasing demand trajectory is clear.

Who is the most demanding?

  The outlook for long-term demand estimates that the total global demand for oil will amount to nearly 140 million barrels per day in the year 2040. Of that amount, developing countries are expected to account for a demand of nearly 67 million barrels per day, and OECD nations will account for a total of 38.7 million barrels daily. The Organization of Petroleum Exporting Countries (OPEC), which currently has 14 member countries, is projected to demand some 12.3 million barrels of oil per day in 2040.

What is the most demanding?

  Oil is an important and versatile substance, used in different ways and in different forms for many applications. As of 2017, the ‘road’ sector accounted for more than 50 percent of the global demand for oil. Petrochemicals were the second largest oil demanding sector that year, although this sector accounted for considerably less than the road sector, at 14.4 percent. Aviation was ranked fourth at 7.8 percent.

Daily demand for crude oil worldwide from 2006 to 2020 (in million barrels)*

Demand in million barrels per day
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Source

Release date

September 2019

Region

Worldwide

Survey time period

as of September 2019

Supplementary notes

* This statistic was assembled from several editions of the report. All figures are annual averages and include biofuels.
** Projected.

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