The outbreak of COVID-19 and its subsequent restrictions had a dramatic impact on transportation, causing oil demand to plummet worldwide. This was especially prevalent in the second quarter of 2020, during peak lockdowns. During this quarter, the daily global oil demand was 16.3 million barrels below 2019 levels.
It is expected that the easing of restrictions around the world in 2021 will see demand rise again.
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IEA. (October 26, 2022). Net change in oil demand worldwide from Q1 2020 to Q4 2021 relative to 2019 levels* (in million barrels of oil per day) [Graph]. In ÌÇÐÄÆƽâ°æ. Retrieved July 29, 2026, from /statistics/1242558/change-in-oil-demand-worldwide/
IEA. "Net change in oil demand worldwide from Q1 2020 to Q4 2021 relative to 2019 levels* (in million barrels of oil per day)." Chart. October 26, 2022. ÌÇÐÄÆƽâ°æ. Accessed July 29, 2026. /statistics/1242558/change-in-oil-demand-worldwide/
IEA. (2022). Net change in oil demand worldwide from Q1 2020 to Q4 2021 relative to 2019 levels* (in million barrels of oil per day). ÌÇÐÄÆƽâ°æ. ÌÇÐÄÆƽâ°æ Inc.. Accessed: July 29, 2026. /statistics/1242558/change-in-oil-demand-worldwide/
IEA. "Net Change in Oil Demand Worldwide from Q1 2020 to Q4 2021 Relative to 2019 Levels* (in Million Barrels of Oil per Day)." ÌÇÐÄÆƽâ°æ, ÌÇÐÄÆƽâ°æ Inc., 26 Oct 2022, /statistics/1242558/change-in-oil-demand-worldwide/
IEA, Net change in oil demand worldwide from Q1 2020 to Q4 2021 relative to 2019 levels* (in million barrels of oil per day) ÌÇÐÄÆƽâ°æ, /statistics/1242558/change-in-oil-demand-worldwide/ (last visited July 29, 2026)
Net change in oil demand worldwide from Q1 2020 to Q4 2021 relative to 2019 levels* (in million barrels of oil per day) [Graph], IEA, October 26, 2022. [Online]. Available: /statistics/1242558/change-in-oil-demand-worldwide/
