The global demand for crude oil (including biofuels) in 2024 amounted to 103.75 million barrels per day. The source expects economic activity and related oil demand to pick up by the end of the year, with forecast suggesting it could increase to more than 105 million barrels per day. Motor fuels make up majority of oil demand Oil is an important and versatile substance, used in different ways and in different forms for many applications. The road sector is the largest oil consuming sector worldwide. It accounts for nearly one half of the global demand for oil, largely due to reliance on motor spirits made from petroleum. The OPEC projects global oil product demand to reach 120 million barrels per day by 2050, with transportation fuels such as gasoline and diesel expected to remain the most consumed products. Diesel and gasoil demand is forecast to amount to 32.5 million barrels per day in 2050, up from 29 million barrels in 2023. Gasoline demand is forecast at 27 million barrels by 2050. Differences in forecast oil demand widen between major energy institutions Despite oil producing bodies such as the OPEC seeing continued importance for crude oil in the future, other forecast centers have been more moderate in their demand outlooks. For example, between the EIA, IEA, and OPEC, the latter was the only one to expect significant growth for oil demand until 2030.

OECD Americas is the region with the greatest oil demand, followed by China. In 2023, daily oil demand in the OECD Americas amounted to 25 million barrels. This figure is set to decrease to 21.5 million barrels by 2050, although it would remain the largest oil consuming region. India is forecast to see the greatest growth in daily oil demand, with figures expected to double by 2050.

The International Energy Agency expects worldwide oil demand to increase by some 1.1 million barrels per day in 2025. This estimate from February 2025 is lower than expectations by the EIA and the OPEC.

This dataset contains information about World Oil Demand for 2000-2021. Data from Saudi Central Bank (SAMA). Follow datasource.kapsarc.org and it’s APIs to stay in sync and advance energy economics research.* Including primary stock, bunker and refining oil.

Diesel and gasoil are the most in-demand oil products worldwide. In 2023, diesel and gasoil demand reached 29 million barrels per day. This was closely followed by gasoline.By 2040, gasoline demand is forecast to climb to nearly 30 million barrels per day compared with 32.2 millio barrels for diesel and gasoil. The use of petroleum products in daily life Crude oil serves as a feedstock for a great variety of industrial products. While transportation fuels such as gasoline and diesel are the most common examples used when referring to petroleum products, synthetic materials such as plastic packaging and many pharmaceutical drugs are also oil- and natural gas-based. In 2022, the global market value of petrochemicals stood at an estimated 584.5 billion U.S. dollars and was forecast to grow to over one trillion U.S. dollars by 2030. In a world where convenience often trumps the more environmentally friendly choice, petroleum products, particularly of the non-heavy variety, are expected to continue being in high demand. Oil demand shaped by economic activity As oil use is so widespread, changes in oil demand are usually an indication of developments in the wider economy, in particular changes to GDP growth as was the case in 2020. In the last two years, global liquid fuels consumption generally increased alongside economic activity and is expected to reach 104.7 million barrels per day by mid-2025.

The global oil supply chart offers insights into the production and consumption of oil worldwide. It showcases the balance between supply and demand, allows for regional and historical analysis, and aids in forecasting future trends. Experts and policymakers rely on this chart to evaluate the health of the oil market and make informed decisions.

Global oil and gas production companies have gone through significant turbulence for most of the period. Revenue started off in a downturn amid the pandemic and its accompanying lockdowns, primarily the industry's largest market, the transportation sector, was limited. This was quickly reversed as the economy opened and supply outpaced demand, causing prices to skyrocket. High prices, accompanied by swelling production, led to surging revenue. This was further amplified by Russia's invasion of Ukraine, which forced many countries to put sanctions on Russia. With countries scrambling to find new suppliers, prices continued to shoot up in 2022. Nonetheless, prices eventually cooled back down later in the period, but still remained well above pre-pandemic levels. Overall revenue has pushed up at a CAGR of 11.7% to $4.0 trillion through the end of 2025, including a slight 7.3% dip in 2025 alone. Profit also surged as purchase costs came down. Emerging markets in BRIC nations, Southeast Asia and Africa continue to drive growth because of rapid industrialization and population increases, heightening the need for crude oil, natural gas and related downstream products. Even so, the gradual shift toward renewable energy poses challenges for producers, as many countries have implemented regulations and incentives to promote clean energy use. Geopolitical tensions and the uncertainties stemming from the global pandemic underscore the importance of diversifying supply sources to ensure energy security. Overall, industry revenue is set to push down at a CAGR of 2.5% to $3.6 trillion through the end of 2030. The bulk of this period will be highlighted by more efforts in oil and gas exploration and production in emerging markets, potentially transforming these regions into major global producers. Established countries will take this time to upgrade their technology and infrastructure to make production more efficient to keep profitability steady. Even so, the excess supply of oil and gas, combined with the push for sustainability, will drive prices down, leading to revenue contractions.

Diesel and gasoil account for the highest oil products demand share in the world. In 2023, these products made up some 28.38 percent of total oil demand. This figure is expected to decrease slightly by 2050, with jet fuel and kerosene expected to see the greatest increase in demand shares. Daily global crude oil demand is expected to climb over 100 million barrels in 2023.

Crude Oil fell to 59.17 USD/Bbl on December 2, 2025, down 0.25% from the previous day. Over the past month, Crude Oil's price has fallen 3.08%, and is down 15.40% compared to the same time last year, according to trading on a contract for difference (CFD) that tracks the benchmark market for this commodity. Crude Oil - values, historical data, forecasts and news - updated on December of 2025.

Global oil production by month varies depending on several factors, including demand, geopolitical events, and changes in oil prices. This article highlights the importance of monitoring global oil production and provides insights into recent trends and fluctuations. It emphasizes the role of the International Energy Agency (IEA) in tracking and reporting production levels. The article also mentions specific data for January, February, March, April, and May 2021, showcasing the increase and decrease in glob

The global oil prices graph provides a visual representation of crude oil prices over time and is crucial for understanding market dynamics and tracking price fluctuations. This article explains key terms such as Brent Crude and WTI Crude, as well as the influence of supply and demand, geopolitical events, economic fluctuations, and weather conditions on oil prices. Analysts, investors, governments, and oil companies rely on this graph to identify trends, patterns, and major market events for decision-makin

The global demand for oil liquids dropped in 2020 as a result of the COVID-19 pandemic, which heavily disrupted mobility around the world. The aviation industry was hit especially hard, with jet fuel demand falling by more than 50 percent in 2020 compared to 2019. As air travel begins to recover, it is expected that by 2022 jet fuel demand will have increased to 5.4 million barrels per day. However, this is still below pre-pandemic levels. In comparison, road fuel demand is expected to get back to pre-pandemic levels sooner, having fallen from 47.4 million barrels per day in 2019 to 41.3 million barrels per day in 2020.

Bio Oil Market Size And ForecastBio Oil Market size was valued at USD 92.59 Million in 2023 and is projected to reach USD 171.38 Million by 2031, growing at a CAGR of 9% during the forecast period 2024-2031.Global Bio Oil Market DriversThe market drivers for the Bio Oil Market can be influenced by various factors. These may include:Growing Demand For Renewable Energy: The increasing global demand for renewable energy sources is a primary driver of the Bio Oil Market. Governments are emphasizing the importance of sustainable energy to mitigate climate change impacts by reducing greenhouse gas emissions. Bio oil, derived from biomass, is seen as a crucial alternative to fossil fuels. As industries and consumers strive for cleaner energy solutions, investments in bio oil production technologies are rising. This shift not only supports energy independence but also enhances energy security, leading to greater adoption and deployment of bio oil in various applications, including power generation and transportation fuels.Technological Innovations In Biomass Conversion: Advancements in biomass conversion technologies play a significant role in driving the Bio Oil Market. Innovations such as pyrolysis, hydrothermal liquefaction, and gasification are improving the efficiency and yield of bio oil production. These technologies facilitate the conversion of diverse feedstocks, including agricultural residues and forest waste, into high-quality bio oil. Consequently, the scalability and economic viability of bio oil are enhanced, attracting both investment and interest from the energy sector. As research continues to evolve, new methods and techniques will further optimize production processes and expand the range of available biomass feedstocks, fueling market growth.Government Policies And Incentives: Government policies and incentives focusing on renewable energy sources are critical drivers for the Bio Oil Market. Many countries have implemented tax credits, subsidies, and regulations to encourage the production and use of biofuels, including bio oil. These supportive measures are designed to enhance energy security, reduce reliance on fossil fuels, and promote environmental sustainability. International agreements aimed at emission reductions further solidify the role of bio oil in achieving climate objectives. As governments seek innovative solutions to address energy challenges, ongoing policy support will continue to foster market development and increase investment in bio oil projects worldwide.Increasing Awareness Of Environmental Sustainability: Growing awareness regarding environmental sustainability and ecological conservation is significantly influencing the Bio Oil Market. Consumers and industries alike are increasingly concerned about their carbon footprints and the ecological impacts of fossil fuel dependency. This shift in perspective drives demand for bio-based products, pushing companies to innovate sustainable alternatives. Bio oil is positioned as a greener solution, contributing to reduced pollution and resource depletion. Additionally, environmentally conscious consumers are actively seeking brands that align with their values, prompting businesses to invest in sustainable practices, including the adoption of bio oil, thereby expanding market opportunities for eco-friendly energy sources.Fluctuating Crude Oil Prices: The volatility of crude oil prices acts as a substantial driver for the Bio Oil Market. Fluctuations in oil prices significantly influence energy costs, prompting consumers and businesses to seek more stable and sustainable alternatives. When crude oil prices soar, the cost-effectiveness of bio oil becomes increasingly attractive, driving its adoption in energy generation and transportation. In contrast, sustained low oil prices may pose challenges for bio oil competitiveness; however, the long-term economic and environmental benefits sustain its appeal. As the energy market continues to evolve, the strategic positioning of bio oil as a supplemental energy source remains a pivotal factor.

Global Persea Gratissima Oil Market Report 2024 comes with the extensive industry analysis of development components, patterns, flows and sizes. The report also calculates present and past market values to forecast potential market management through the forecast period between 2024-2030. The report may be the best of what is a geographic area which expands the competitive landscape and industry perspective of the market.

The global market size of South Oil and Gas is $XX million in 2018 with XX CAGR from 2014 to 2018, and it is expected to reach $XX million by the end of 2024 with a CAGR of XX% from 2019 to 2024.

Global South Oil and Gas Market Report 2019 - Market Size, Share, Price, Trend and Forecast is a professional and in-depth study on the current state of the global South Oil and Gas industry. The key insights of the report:

1.The report provides key statistics on the market status of the South Oil and Gas manufacturers and is a valuable source of guidance and direction for companies and individuals interested in the industry.

2.The report provides a basic overview of the industry including its definition, applications and manufacturing technology.

3.The report presents the company profile, product specifications, capacity, production value, and 2013-2018 market shares for key vendors.

4.The total market is further divided by company, by country, and by application/type for the competitive landscape analysis.

5.The report estimates 2019-2024 market development trends of South Oil and Gas industry.

6.Analysis of upstream raw materials, downstream demand, and current market dynamics is also carried out

7.The report makes some important proposals for a new project of South Oil and Gas Industry before evaluating its feasibility.

There are 4 key segments covered in this report: competitor segment, product type segment, end use/application segment and geography segment.

For competitor segment, the report includes global key players of South Oil and Gas as well as some small players.

The information for each competitor includes:

* Company Profile

* Main Business Information

* SWOT Analysis

* Sales, Revenue, Price and Gross Margin

* Market Share



For product type segment, this report listed main product type of South Oil and Gas market

* Product Type I

* Product Type II

* Product Type III



For end use/application segment, this report focuses on the status and outlook for key applications. End users sre also listed.

* Application I

* Application II

* Application III



For geography segment, regional supply, application-wise and type-wise demand, major players, price is presented from 2013 to 2023. This report covers following regions:

* North America

* South America

* Asia & Pacific

* Europe

* MEA (Middle East and Africa)

The key countries in each region are taken into consideration as well, such as United States, China, Japan, India, Korea, ASEAN, Germany, France, UK, Italy, Spain, CIS, and Brazil etc.



Reasons to Purchase this Report:

* Analyzing the outlook of the market with the recent trends and SWOT analysis

* Market dynamics scenario, along with growth opportunities of the market in the years to come

* Market segmentation analysis including qualitative and quantitative research incorporating the impact of economic and non-economic aspects

* Regional and country level analysis integrating the demand and supply forces that are influencing the growth of the market.

* Market value (USD Million) and volume (Units Million) data for each segment and sub-segment

* Competitive landscape involving the market share of major players, along with the new projects and strategies adopted by players in the past five years

* Comprehensive company profiles covering the product offerings, key financial information, recent developments, SWOT analysis, and strategies employed by the major market players

* 1-year analyst support, along with the data support in excel format.

We also can offer customized report to fulfill special requirements of our clients. Regional and Countries report can be provided as well.

OPEC reduces its 2024 oil demand growth forecast by 210,000 barrels per day, signaling shifts in global market dynamics.

Brent fell to 63.05 USD/Bbl on December 2, 2025, down 0.19% from the previous day. Over the past month, Brent's price has fallen 2.84%, and is down 14.36% compared to the same time last year, according to trading on a contract for difference (CFD) that tracks the benchmark market for this commodity. Brent crude oil - values, historical data, forecasts and news - updated on December of 2025.

Learn about the expected growth in the palm oil market over the next six years, driven by increasing global demand. Market volume is projected to reach 100 million tons and market value to hit $115.3 billion by 2030.

The linseed oil market is anticipated to generate USD 9,363.4 million in sales revenue globally in 2025. It is projected to expand at a CAGR of 6%, reaching an estimated worth of USD 16,824.6 million by 2035.

Country-wise Analysis

A crude oil supply chart is a graphical representation of the supply of crude oil over a specific period of time. It provides a visual depiction of the various factors that influence the production, imports, exports, and overall availability of crude oil. This article discusses the components of a crude oil supply chart, its ability to indicate the balance between supply and demand, and its importance for oil companies, energy analysts, and investors in making informed decisions in the oil industry.