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Global medium-term oil demand outlook by region 2018-2024

By 2024, global oil demand is forecast to reach 104.8 million barrels per day. This is in spite of oil demand likely to fall by 0.5 million barrels in OECD countries. China alone is expected to account for 14.5 million barrels of oil consumption per day.

Medium-term oil demand outlook worldwide from 2018 to 2024, by key region

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Supplementary notes

Figures have been restated in the 2019 edition of the report.

* Among others including India, China, and OPEC member states.

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