Global quarterly oil demand change 2020-2021, by select country

Published by Statista Research Department, Apr 29, 2024
The outbreak of COVID-19 and its subsequent restrictions had a dramatic impact on the transportation sector, causing oil demand to plummet worldwide. This was especially prevalent in the second quarter of 2020, during peak lockdowns. During this quarter, oil demand in the United States declined by 4.4 million barrels a day below 2019 levels, while in the EU demand fell by 2.3 million barrels per day. In comparison, oil demand in China was above pre-pandemic levels. It is expected that the easing of restrictions around the world in 2021 will see demand rise again.

Change in oil demand worldwide from Q1 2020 to Q4 2021 relative to 2019 levels, by select country* (in million barrels of oil per day)

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Release date

October 2022

Region

Worldwide

Survey time period

Q1 2020 to Q4 2021

Supplementary notes

*Quarterly oil demand data in this figure include biofuels blended with oil products

For the purposes of this statistic the EU has been included as a country

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