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.
Differences between key energy institutions in forecast crude oil demand worldwide for 2030, by year of outlook
(in million barrels per day)
Characteristic
IEA
EIA*
OPEC
2020
103.2
-
103.6
2021
103
105
102.7
2022
102.4
-
103.4
2023
101.5
101.9
107.9
2024
101.7
-
113.3
0255075100125
Add this content to your personal favorites. These can be accessed from the favorites menu in the main navigation.
You have no right to use this feature.
Make sure to contact us if you are interested in scientific citation.
You can upgrade your account to enable this functionality for all statistics.
This feature is not available with your current account.Request access
Statista has been my savior on several occasions.
The site is easy to maneuver and the data is in a format that can
go right into a report or presentation.
Learn more about how Statista can support your business.
Statista. (October 16, 2024). Differences between key energy institutions in forecast crude oil demand worldwide for 2030, by year of outlook (in million barrels per day) [Graph]. In Statista. Retrieved March 16, 2025, from https://www.statista.com/statistics/1538296/forecast-global-oil-demand-2030-by-year-of-outlook/
Statista. "Differences between key energy institutions in forecast crude oil demand worldwide for 2030, by year of outlook (in million barrels per day)." Chart. October 16, 2024. Statista. Accessed March 16, 2025. https://www.statista.com/statistics/1538296/forecast-global-oil-demand-2030-by-year-of-outlook/
Statista. (2024). Differences between key energy institutions in forecast crude oil demand worldwide for 2030, by year of outlook (in million barrels per day). Statista. Statista Inc.. Accessed: March 16, 2025. https://www.statista.com/statistics/1538296/forecast-global-oil-demand-2030-by-year-of-outlook/
Statista. "Differences between Key Energy Institutions in Forecast Crude Oil Demand Worldwide for 2030, by Year of Outlook (in Million Barrels per Day)." Statista, Statista Inc., 16 Oct 2024, https://www.statista.com/statistics/1538296/forecast-global-oil-demand-2030-by-year-of-outlook/
Statista, Differences between key energy institutions in forecast crude oil demand worldwide for 2030, by year of outlook (in million barrels per day) Statista, https://www.statista.com/statistics/1538296/forecast-global-oil-demand-2030-by-year-of-outlook/ (last visited March 16, 2025)
Differences between key energy institutions in forecast crude oil demand worldwide for 2030, by year of outlook (in million barrels per day) [Graph], Statista, October 16, 2024. [Online]. Available: https://www.statista.com/statistics/1538296/forecast-global-oil-demand-2030-by-year-of-outlook/
Profit from additional features with an Employee Account
Please create an employee account to be able to mark statistics as favorites.
Then you can access your favorite statistics via the star in the header.
Profit from the additional features of your individual account
Currently, you are using a shared account. To use individual functions (e.g., mark statistics as favourites, set
statistic alerts) please log in with your personal account.
If you are an admin, please authenticate by logging in again.
