consumption of liquid fuels was severely impacted by the coronavirus pandemic, declining by nearly twenty percent in the span of two months in early 2020. As many governments scrambled to implement travel restrictions, the aviation industry was hit particularly hard. Demand for jet fuel and kerosene is expected to have decreased by some 40 percent between 2019 and 2020.
The majority of oil demand is expected to be aimed towards light products, such as gasoline and ethane. In 2045, gasoline demand is forecast to climb to 27.1 million barrels per day. By comparison, daily diesel and gasoil demand is expected to reach 29.6 million barrels, the most of any oil product listed here. The Demand outlook for selected oil products worldwide from 2020 to 2045 (in million barrels per day)
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Statistics on Oil industry worldwide
Overview
4
Reserves & production
4
Trade & prices
7
- Premium Statistic Global seaborne trade volume of crude oil 2010-2021
- Premium Statistic Global oil exporters 2021, by region
- Premium Statistic Global crude oil export value by country 2021
- Premium Statistic Largest global crude oil importers 2021
- Basic Statistic Brent crude oil price annually 1976-2023
- Basic Statistic West Texas Intermediate annual average oil price 1976-2023
- Premium Statistic OPEC oil price annually 1960-2023
Consumption
4
Companies
7
- Premium Statistic Leading global oil and gas producers based on revenue 2022
- Premium Statistic Leading oil and gas producers based on market cap March 2023
- Premium Statistic BP's operating revenue 2005-2022
- Basic Statistic ExxonMobil's operating revenue 2001-2021
- Premium Statistic Shell's revenue 2010-2022
- Premium Statistic Value of revenue of Saudi Aramco 2017-2021
- Premium Statistic Sinopec's operating revenue 2021
Industry & market trends
3
Outlook
4
Further related statistics
19
- Global oil demand share outlook by product 2020-2045
- Domestic oil product demand Japan 2018, by industry
- Oil products - growth rates outlook worldwide 2013-2040
- Oil demand in Japan 2013-2040
- Global oil demand by region 2019-2020
- Oil demand in China in 2013-2040
- Value of oil product consumption subsidies in selected countries 2013
- Demand for refined petroleum products - transportation sector
- Monthly closing inventory of crude oil & equivalent products in Canada 2015-2016
- Oil consumption in Italy by product 2018
- Neste's operating profit from oil products 2015-2022
- U.S. quarterly demand for liquid fuels due to coronavirus by sector 2020
- Sales distribution of Neste 2022, by product category
- Revenue of Neste 2013-2022
- Neste's ROACE 2013-2018
- Local demand for kerosene in South Korea 2012-2021
- Export volume of lubricants in the Emirate of Abu Dhabi 2016-2019
- EBITDA of Neste 2015-2022
- Production volume of gas oil and diesel in the Emirate of Abu Dhabi 2010-2019
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Statistics
- Global oil demand share outlook by product 2020-2045
- Domestic oil product demand Japan 2018, by industry
- Oil products - growth rates outlook worldwide 2013-2040
- Oil demand in Japan 2013-2040
- Global oil demand by region 2019-2020
- Oil demand in China in 2013-2040
- Value of oil product consumption subsidies in selected countries 2013
- Demand for refined petroleum products - transportation sector
- Monthly closing inventory of crude oil & equivalent products in Canada 2015-2016
- Oil consumption in Italy by product 2018
- Neste's operating profit from oil products 2015-2022
- U.S. quarterly demand for liquid fuels due to coronavirus by sector 2020
- Sales distribution of Neste 2022, by product category
- Revenue of Neste 2013-2022
- Neste's ROACE 2013-2018
- Local demand for kerosene in South Korea 2012-2021
- Export volume of lubricants in the Emirate of Abu Dhabi 2016-2019
- EBITDA of Neste 2015-2022
- Production volume of gas oil and diesel in the Emirate of Abu Dhabi 2010-2019
Topics

OPEC. (December 1, 2021). Demand outlook for selected oil products worldwide from 2020 to 2045 (in million barrels per day) [Graph]. In Statista. Retrieved March 31, 2023, from https://www.statista.com/statistics/282774/global-product-demand-outlook-worldwide/
OPEC. "Demand outlook for selected oil products worldwide from 2020 to 2045 (in million barrels per day)." Chart. December 1, 2021. Statista. Accessed March 31, 2023. https://www.statista.com/statistics/282774/global-product-demand-outlook-worldwide/
OPEC. (2021). Demand outlook for selected oil products worldwide from 2020 to 2045 (in million barrels per day). Statista. Statista Inc.. Accessed: March 31, 2023. https://www.statista.com/statistics/282774/global-product-demand-outlook-worldwide/
OPEC. "Demand Outlook for Selected Oil Products Worldwide from 2020 to 2045 (in Million Barrels per Day)." Statista, Statista Inc., 1 Dec 2021, https://www.statista.com/statistics/282774/global-product-demand-outlook-worldwide/
OPEC, Demand outlook for selected oil products worldwide from 2020 to 2045 (in million barrels per day) Statista, https://www.statista.com/statistics/282774/global-product-demand-outlook-worldwide/ (last visited March 31, 2023)
Demand outlook for selected oil products worldwide from 2020 to 2045 (in million barrels per day) [Graph], OPEC, December 1, 2021. [Online]. Available: https://www.statista.com/statistics/282774/global-product-demand-outlook-worldwide/