Global quarterly oil demand change by country

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)

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

Last update:

Oct 26, 2022

Author:

��ƽ�� Research Department

Region:

Worldwide

Survey time period:

From 01/01/2020 to 31/12/2021

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.

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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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