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.

By 2029, global oil demand is forecast to reach 112.3 million barrels per day. China is expected to account for 18.4 million barrels of daily oil demand while India is expected to account for 6.9 million barrels worth.

While major energy institutions IEA, OPEC, and EIA used to have little differences in their long-term growth projections for the oil market, their demand outlooks have become more divergent in recent years. In its 2024 outlook, OPEC expected global oil demand to increase to more than 113 million barrels per day by 2030. In comparison, the IEA's stated policies scenario (STEPS) from 2024 sees oil demand coming to merely 101.7 million barrels per day by 2030. A figure that was similar to the EIA's latest outlook.

Forecast: Palm Kernel Oil Demand in the US 2023 - 2027 Discover more data with ReportLinker!

Balance OPEC crude oil production Difference a b Global oil demand, supply, oil market balance and required amounts of OPEC crude nbsp World oil Demand World oil demand growth in 2018 was revised downward by around 20 tb d, primarily as a result of the slower than expected performance by non OECD Latin America and the Middle East during 2Q18 Hence, world oil demand growth is now pegged at 1 62 mb d, with total global consumption at 98 82 mb d World Oil SupplyNon OPEC oil supply in 2018 was revised down by 0 06 mb d from the previous MOMR to average 59 56 mb d, mainly due to a downward adjustment in the supply forecast for Brazil, the UK, India, Malaysia and China on lower than expected output in 2H18, which was partially offset by an upward revision in US supply Y o y growth was also revised down by 0 06 mb d to now stand at 2 02 mb d The US, Brazil, Canada, Kazakhstan and the UK are expected to be the main drivers for y o y growth, while Mexico and Norway will show the largest declines nbsp World EconomyGlobal economic growth forecasts remain robust for 2018 and 2019, at 3 8 and 3 6 , respectively While the growth levels are unchanged from last month, a number of offsetting developments, particularly rising challenges in some emerging and developing economies, are skewing the current global economic growth risk forecast to the downside Rising trade tensions, and the consequences of further potential monetary tightening by G4 central banks, in combination with rising global debt levels, are additional concerns

UP Forecast: EC: Industry: Burning Oil data was reported at 3,000.000 kcal bn in 2025. This records a decrease from the previous number of 3,040.000 kcal bn for 2024. UP Forecast: EC: Industry: Burning Oil data is updated yearly, averaging 4,080.000 kcal bn from Dec 2017 (Median) to 2025, with 9 observations. The data reached an all-time high of 8,228.000 kcal bn in 2017 and a record low of 3,000.000 kcal bn in 2025. UP Forecast: EC: Industry: Burning Oil data remains active status in CEIC and is reported by Unione Petrolifera. The data is categorized under Global Database’s Italy – Table IT.RB010: Energy and Oil Demand: Forecast: Unione Petrolifera.

This dataset provides values for CRUDE OIL CONSUMPTION reported in several countries. The data includes current values, previous releases, historical highs and record lows, release frequency, reported unit and currency.

Forecast: Maize Oil Demand in Germany 2023 - 2027 Discover more data with ReportLinker!

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.

The IEA raises its 2025 oil supply growth estimate to 2.5M bpd but lowers demand projections amid economic concerns and rising inventories.

UP Forecast: EC: Industry: Petroleum Coke data was reported at 10,000.000 kcal bn in 2025. This records a decrease from the previous number of 10,240.000 kcal bn for 2024. UP Forecast: EC: Industry: Petroleum Coke data is updated yearly, averaging 10,990.000 kcal bn from Dec 2017 (Median) to 2025, with 9 observations. The data reached an all-time high of 12,000.000 kcal bn in 2020 and a record low of 10,000.000 kcal bn in 2025. UP Forecast: EC: Industry: Petroleum Coke data remains active status in CEIC and is reported by Unione Petrolifera. The data is categorized under Global Database’s Italy – Table IT.RB010: Energy and Oil Demand: Forecast: Unione Petrolifera.

UP Forecast: PD: Household data was reported at 1,220.000 Ton mn in 2025. This records a decrease from the previous number of 1,330.000 Ton mn for 2024. UP Forecast: PD: Household data is updated yearly, averaging 1,443.000 Ton mn from Dec 2017 (Median) to 2025, with 9 observations. The data reached an all-time high of 1,453.000 Ton mn in 2019 and a record low of 1,220.000 Ton mn in 2025. UP Forecast: PD: Household data remains active status in CEIC and is reported by Unione Petrolifera. The data is categorized under Global Database’s Italy – Table IT.RB010: Energy and Oil Demand: Forecast: Unione Petrolifera.

Italy UP Forecast: Petroleum Demand (PD) data was reported at 3,060.000 Ton mn in 2025. This records a decrease from the previous number of 3,190.000 Ton mn for 2024. Italy UP Forecast: Petroleum Demand (PD) data is updated yearly, averaging 3,360.000 Ton mn from Dec 2017 (Median) to 2025, with 9 observations. The data reached an all-time high of 3,380.000 Ton mn in 2020 and a record low of 3,060.000 Ton mn in 2025. Italy UP Forecast: Petroleum Demand (PD) data remains active status in CEIC and is reported by Unione Petrolifera. The data is categorized under Global Database’s Italy – Table IT.RB010: Energy and Oil Demand: Forecast: Unione Petrolifera.

UP Forecast: EC: Industry: Coal data was reported at 16,000.000 kcal bn in 2025. This records a decrease from the previous number of 16,200.000 kcal bn for 2024. UP Forecast: EC: Industry: Coal data is updated yearly, averaging 18,600.000 kcal bn from Dec 2017 (Median) to 2025, with 9 observations. The data reached an all-time high of 24,600.000 kcal bn in 2017 and a record low of 16,000.000 kcal bn in 2025. UP Forecast: EC: Industry: Coal data remains active status in CEIC and is reported by Unione Petrolifera. The data is categorized under Global Database’s Italy – Table IT.RB010: Energy and Oil Demand: Forecast: Unione Petrolifera.

Forecast: Olive Oil Demand in North America 2022 - 2026 Discover more data with ReportLinker!

This dataset contains oil demand, supply, stocks outlook from 2017-2023. Data from U.S. Energy Information Administration. Follow datasource.kapsarc.org for timely data to advance energy economics research. Price outlook dataset link: EIA - Oil Price Short Term Forecast

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.

1. Global oil demand, supply, oil market balance and required amounts of OPEC crude.

Italy UP Forecast: ED: Natural Gas data was reported at 62.400 TOE mn in 2025. This records an increase from the previous number of 60.700 TOE mn for 2024. Italy UP Forecast: ED: Natural Gas data is updated yearly, averaging 60.800 TOE mn from Dec 2017 (Median) to 2025, with 9 observations. The data reached an all-time high of 62.400 TOE mn in 2025 and a record low of 60.300 TOE mn in 2021. Italy UP Forecast: ED: Natural Gas data remains active status in CEIC and is reported by Unione Petrolifera. The data is categorized under Global Database’s Italy – Table IT.RB010: Energy and Oil Demand: Forecast: Unione Petrolifera.

Italy UP Forecast: Energy Demand (ED) data was reported at 160.000 TOE mn in 2025. This records a decrease from the previous number of 161.900 TOE mn for 2024. Italy UP Forecast: Energy Demand (ED) data is updated yearly, averaging 162.800 TOE mn from Dec 2017 (Median) to 2025, with 9 observations. The data reached an all-time high of 164.100 TOE mn in 2020 and a record low of 160.000 TOE mn in 2025. Italy UP Forecast: Energy Demand (ED) data remains active status in CEIC and is reported by Unione Petrolifera. The data is categorized under Global Database’s Italy – Table IT.RB010: Energy and Oil Demand: Forecast: Unione Petrolifera.