Historical world oil supply and demand
5 Dec 2018 Thoughts on the Future of World Oil Production share of historic world oil production is the highest of all countries. deal where oil is sold, price is dependent on both supply and demand, and the price is often confidential. EIA expects inventory builds will be largest in the first half of 2020, rising at a rate of 1.7 million b/d because of slow oil demand growth. Firmer demand growth as the global economy strengthens and slower supply growth will contribute to balanced markets in the fourth quarter of 2020 and global oil inventory draws in 2021.