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.
Oil liquids demand by fuel type worldwide from 2019 to 2020, with a forecast until 2022
(in million barrels per day)
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Rystad Energy. (April 16, 2021). Oil liquids demand by fuel type worldwide from 2019 to 2020, with a forecast until 2022 (in million barrels per day) [Graph]. In Statista. Retrieved November 21, 2024, from https://www.statista.com/statistics/1242835/global-oil-liquids-demand-by-fuel-type/
Rystad Energy. "Oil liquids demand by fuel type worldwide from 2019 to 2020, with a forecast until 2022 (in million barrels per day)." Chart. April 16, 2021. Statista. Accessed November 21, 2024. https://www.statista.com/statistics/1242835/global-oil-liquids-demand-by-fuel-type/
Rystad Energy. (2021). Oil liquids demand by fuel type worldwide from 2019 to 2020, with a forecast until 2022 (in million barrels per day). Statista. Statista Inc.. Accessed: November 21, 2024. https://www.statista.com/statistics/1242835/global-oil-liquids-demand-by-fuel-type/
Rystad Energy. "Oil Liquids Demand by Fuel Type Worldwide from 2019 to 2020, with a Forecast until 2022 (in Million Barrels per Day)." Statista, Statista Inc., 16 Apr 2021, https://www.statista.com/statistics/1242835/global-oil-liquids-demand-by-fuel-type/
Rystad Energy, Oil liquids demand by fuel type worldwide from 2019 to 2020, with a forecast until 2022 (in million barrels per day) Statista, https://www.statista.com/statistics/1242835/global-oil-liquids-demand-by-fuel-type/ (last visited November 21, 2024)
Oil liquids demand by fuel type worldwide from 2019 to 2020, with a forecast until 2022 (in million barrels per day) [Graph], Rystad Energy, April 16, 2021. [Online]. Available: https://www.statista.com/statistics/1242835/global-oil-liquids-demand-by-fuel-type/
