Report published September 27, 2026
How Much Oil Did You Consume Today? – UBS Commodities Strategy
UBS · September 27, 2026
Global oil demand reached a record 105 million barrels per day in 2025, driven not just by transport fuels but by extensive petrochemical and industrial uses. UBS projects global oil demand will continue growing into the 2030s, propelled by expanding middle classes in emerging markets and rising demand for non-transport feedstocks.
Read the remaining 4 pages
Finvaulta summarizes UBS's analysis. Attribute opinions, forecasts, time-sensitive values, and chronology to the issuer and report date; do not treat this page as an independent verification or a current market-data source.
Key Takeaways
- 1.Global oil demand reached a record 105 million barrels per day in 2025 (~17 billion liters daily), equating to an average global per-capita consumption of roughly two liters per day.
- 2.Transportation accounts for only slightly more than half of global oil demand (passenger cars account for 27%), with petrochemicals and industrial feedstocks representing difficult-to-substitute non-fuel demand.
- 3.Global oil consumption is projected to continue expanding into the 2030s, driven primarily by population growth, urbanization, and rising living standards across emerging markets such as India, alongside growing petrochemical feedstock demand.
Table of Contents
- Oil is everywhere, even when we cannot see it
- Global demand hit a record high in 2025
- Where is oil actually consumed?
- Oil consumption for select countries
- Different demand trends
- We expect oil demand to keep rising
- Emerging markets are driving oil demand growth
Report data
Oil is more than just transportation - Sector share for 2025
| Metric | Estimate | Context |
|---|---|---|
| Global oil consumption | 105 million barrels per day | Global oil consumption reached a record high in 2025, equivalent to roughly 17 billion liters per day. |
| Global per-capita oil consumption | 2 liters per day | Global per-capita consumption has stayed broadly stable at roughly two liters per person per day since the mid-1980s. |
| Road transport share of global oil demand | 45% | Road transport accounts for less than half of total oil demand, comprising passenger vehicles (27%) and road freight (18%). |
| Petrochemical share of global oil demand | 15% | Petrochemicals represent 15% of global oil demand, followed by other industrial uses at 13%. |
| Per-capita oil consumption in India | 0.6 liters per day | India's daily per-capita oil consumption remains very low despite being the third-largest consumer in absolute terms. |
Access the full report
And others from the leading tier 1 banks.
Free account: read previews and a daily allowance of full reports. Pro removes the daily limit.