Stacked bar chart showing the year-over-year change in global oil demand per quarter from Q1 2023 projected out to Q4 2025. In China, oil demand surged in Q2 2023 to 2.3 million barrels per day more than the previous year, but it is expected to decrease in late 2024 and 2025. Oil demand in emerging economies is expected to stay steady, and decline in advanced economies.