The world's production of oil and other liquid fuels totaled almost 95 million barrels per day in 2022. Onshore crude oil constituted the largest share, at over 41 million barrels per day that year. Oil production worldwide is projected to increase to 99 million barrels per day under a stated policies (STEP) scenario, which reflects current settings based on the energy-related policies that are already in place and those that are under development. Meanwhile, to achieve net-zero emissions by 2050, the global production of oil and other liquid fuels should drop to some 75 million barrels per day in 2030. Another important component of the net-zero scenario is to scale-up liquid biofuels production globally.
Production of oil and other liquid fuels worldwide in 2022, with a forecast for 2030, by scenario and type
(in million of barrels per day)
STEPS: Stated Policies Scenario
APS: Announced Pledges Scenario
NZE: Net Zero Emissions by 2050 Scenario
More information about the IEA's scenarios can be found here.
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IEA. (November 22, 2023). Production of oil and other liquid fuels worldwide in 2022, with a forecast for 2030, by scenario and type (in million of barrels per day) [Graph]. In Statista. Retrieved December 22, 2024, from https://www.statista.com/statistics/1451487/projected-liquid-fuels-production-worldwide-by-scenario/
IEA. "Production of oil and other liquid fuels worldwide in 2022, with a forecast for 2030, by scenario and type (in million of barrels per day)." Chart. November 22, 2023. Statista. Accessed December 22, 2024. https://www.statista.com/statistics/1451487/projected-liquid-fuels-production-worldwide-by-scenario/
IEA. (2023). Production of oil and other liquid fuels worldwide in 2022, with a forecast for 2030, by scenario and type (in million of barrels per day). Statista. Statista Inc.. Accessed: December 22, 2024. https://www.statista.com/statistics/1451487/projected-liquid-fuels-production-worldwide-by-scenario/
IEA. "Production of Oil and Other Liquid Fuels Worldwide in 2022, with a Forecast for 2030, by Scenario and Type (in Million of Barrels per Day)." Statista, Statista Inc., 22 Nov 2023, https://www.statista.com/statistics/1451487/projected-liquid-fuels-production-worldwide-by-scenario/
IEA, Production of oil and other liquid fuels worldwide in 2022, with a forecast for 2030, by scenario and type (in million of barrels per day) Statista, https://www.statista.com/statistics/1451487/projected-liquid-fuels-production-worldwide-by-scenario/ (last visited December 22, 2024)
Production of oil and other liquid fuels worldwide in 2022, with a forecast for 2030, by scenario and type (in million of barrels per day) [Graph], IEA, November 22, 2023. [Online]. Available: https://www.statista.com/statistics/1451487/projected-liquid-fuels-production-worldwide-by-scenario/
