Download Data (XLS File) DOWNLOAD Thousand Barrels U.S. Field Production of Crude Oil U.S. Field Production of Crude Oil 1920 1930 1940 1950 1960 1970 1980 1990 2000 2010 2020 0 100,000 200,000 300,000 400,000 500,000 Data source: U.S. Energy Information Administration. Palm oil production has increased rapidly over the past 50 years. Indonesia and Malaysia account for 63% of global land use for palm. Substitutes for palm oil do not always exist. At the same time, the historic collapse in demand in 2020 resulted in a record 9mb/d spare production capacity cushion that would be enough to keep global markets comfortable at least for the next several years. In the chart here we see the change in land use. All the information presented in this energy data tool are extracted from Global Energy & CO2 Data service, the most comprehensive and up-to-date database on crude oil, NGL, non-conventional oil and refined oil products: production, trades, reserves, transformation, prices, consumption per sector and indicators. According to the EIA, total primary energy consumption in Brazil has nearly doubled in the past decade because of sustained economic growth. Global oil consumption per capita is 5 barrels of oil (199 gallons) per person yearly (based on the 2016 world population of 7,464,022,049 people) or 0.5 gallons per capita per day. Aligning with the World Energy Outlooks Sustainable Development Scenario which maps out a trajectory consistent with the climate goals of the Paris Agreement and other sustainable energy objectives oil demand would have to decline by 3mb/d over the same period. Explore long-term changes in deforestation, and deforestation rates across the world today. The Oil 2021 dataset includes 2019 data and forecasts through 2026 for world oil supply and demand by region, global oil demand by region and for major economies, world oil production (OPEC data through 2020 only), world refinery capacity additions, world Oil 2021 The data behind the Oil 2021 report with forecasts to 2026 Data set ";padding-right:0.5em;padding-left:0.5em;font-weight:bold}.mw-parser-output .static-row-header-hash thead tr::before{content:"#";padding-right:0.5em;padding-left:0.5em;font-weight:bold}.mw-parser-output .static-row-header-row thead tr::before{content:"Row";padding-right:0.5em;padding-left:0.5em;font-weight:bold}body:not(.skin-minerva) .mw-parser-output .static-row-numbers.wikitable tr::before{background-color:#eaecf0;vertical-align:middle}body:not(.skin-minerva) .mw-parser-output .static-row-numbers.mw-datatable:not(.wikitable) tr::before{background-color:#eaeeff}.mw-parser-output table.static-row-numbers.wikitable tbody tr:not(.static-row-header)::before,body:not(.skin-minerva) .mw-parser-output .static-row-numbers.mw-datatable:not(.wikitable) tbody tr::before{border:1px solid #a2a9b1}.mw-parser-output .static-row-numbers-period2 tbody tr::before{content:counter(rowNumber)". Total Non-OPEC excludes all countries that are currently members of OPEC. Both are far ahead of U.S. proved reserves of 69 billion barrels. In Germany, for example, bioenergy is the largest use, accounting for 41% (more than food at 40%). Since 1980 the amount of land the world uses to grow palm has more than quadrupled, from 4 million to 19 million hectares in 2018. Firstly, it has lowest production costs.11 Secondly, its composition means its versatile and can be used for food and non-food purposes alike: some oils are not suited for cosmetic uses such as shampoos and detergents. The impacts of oil palm on recent deforestation and biodiversity loss. The rise of palm oil follows the rapid increase in demand for vegetable oils more broadly. Energy exports to the US account for the vast majority of Canadas total energy exports. But would the alternatives have fared any better? Oil demand in 2025 is set to be 2.5 mb/d lower than was forecast a year ago in our Oil 2020 report. World Crude Oil Production by Year (Thousand Barrels per Day) Product Crude Oil Natural Gas Liquids Motor Gasoline Jet Fuel Kerosene Distillate Fuel Oil Residual Fuel Oil Liquefied Petroleum Gases Other Petroleum Products Dry Natural Gas Coal Ethanol Fuel Biodiesel Total Primary Energy Electricity Hydroelectric Power Nuclear Electric Power A number of oil and gas companies are already scaling up their commitments in these areas. Many believe that boycotting palm oil is how we make a difference. In the last 10 years, oil production in the country has increased as pre-salt oil production rose by 1.6 million bpd from 2012 to 2019. Last on this list of the top 10 oil-producing countries is Kuwait, whose output decreased in 2021 for the third time since 2018. But this is reasonably consistent with studies that have looked at the expansion of palm plantations more broadly. All the software and code that we write is open source and made available via GitHub under the permissive MIT license. Net volumetric gains and losses in the refining process and marine transportation losses. All of our charts can be embedded in any site. Palm oil accounts for 6% of this land use, which is small when we consider that it produces 36% of the oil. How has the world achieved such a rapid expansion of palm oil production? In recent history, the top three producers have been the United States, Russia, and Saudi Arabia. (2016). Ocado, an online UK retailer is just one example. Oil Price and Inflation: Whats the Correlation? Further fuel efficiency improvements, increased teleworking and reduced business travel, much stronger electric vehicle penetration and new policies to curb oil use in the power sector and more recycling will all be needed. We can look at this in terms of the amount of land we would need if total global demand for vegetable oil was met from a single crop alone. In 2016, production reached 3,072,000 bpd, then dropped to 3,025,000 bpd in 2017. So, even if all of these countries forests were wiped out by palm oil plantations, it would still make very little difference to this metric of global intact forest loss. Palm oil production has grown to meet rising demands for vegetable oils. Production has steadily increased over time, except in the 80s when production was lessened worldwide. In other words, how much land would be needed if the 218 million tonnes of oil was only produced from palm oil, or only produced from rapeseed? It includes crude oil, natural gas liquids (NGLs) and additives. The top five are Canada, Mexico, Russia, Saudi Arabia and Colombia. On the left we have each crops share of global land use for vegetable oils; on the right we have its share of production. Historical Chart 10 Year Daily Chart By Year By President By Fed Chair The industry paid 12.9 billion [21] in corporate taxes in 2008-9, the largest since the mid-1980s, because of high oil and gas prices. What would be the impact of substituting palm oil? Only 19% of palm oil production is covered by the RSPO.17 Research into the impact of the RSPO found that it was successful in reducing deforestation.18 However, it found that this most avoided deforestation from older plantations, which is not where most tropical forests remain. The country's annual oil production rose to 5,558,000 bpd in 2021, up from 2020's output levels of 5,235,000 bpd. So, how much of palm oils expansion has really come at the expense of forests? The data produced by third parties and made available by Our World in Data is subject to the license terms from the original third-party authors. In March 2022, the US government announced a ban on imports of oil, liquefied natural gas and coal from Russia in response to the invasion of Ukraine. To meet its own oil demand, the US must rely on oil imports from countries. As the third largest oil-producing nation, Russia accounts for 10 percent of global output. Taken together, these actions could reduce oil use by as much as 5.6mb/d by 2026, which would mean that oil demand never gets back to pre-crisis levels. Ultimately this is what matters if our question is how to meet global oil demand.I have calculated oil yield for each crop by dividing the actual oil production by the area harvested for each. Licenses: All visualizations, data, and articles produced by Our World in Data are open access under the Creative Commons BY license. Crude oil production is defined as the quantities of oil extracted from the ground after the removal of inert matter or impurities. Our World In Data is a project of the Global Change Data Lab, a registered charity in England and Wales (Charity Number 1186433). The staggering inventory surplus that built up last year is being worked off and global oil stocks, excluding strategic reserves, will return to pre-pandemic levels in 2021. OECD demand, by contrast, is not forecast to return to pre-crisis levels. From: Department for Business,. In many cases, these can help decarbonise sectors where emissions are hardest to tackle. In response to Russias war in Ukraine, Canada, the US, the UK and Australia have banned imports of Russian oil, representing about 13 percent of Russias exports. You can unsubscribe at any time by clicking the link at the bottom of any IEA newsletter. Top 10 Countries with the Highest Oil Production (barrels per day) United States - 11,567,000 Russia - 10,503,000 Saudi Arabia - 10,225,000 Canada - 4,656,000 Iraq - 4,260,000 China - 3,969,000 United Arab Emirates - 2,954,000 Brazil - 2,852,000 Kuwait - 2,610,000 Iran - 2,546,000 Intact forests are a specific subset of primary forests which are very rich sites of biodiversity, and are largely undisturbed by human activity. The country holds the worlds eighth largest proven oil reserves at 98 billion barrels, with most of those reserves located in Abu Dhabi. Palm oil markets and future supply. The EU after China and India is the third largest importer of palm oil. With a rough estimate of 11,567,000 barrels per day, the United States is the top oil-producing country in the world, as it has been for many years. The United Arab Emirates accounts for 5.6 percent of global total reserves. Approximately 71% came from the top ten countries, and an overlapping 37% came from the thirteen current OPEC members, in the table below. - WSJ , Should You Invest in Oil and Gas Companies? This is a list of countries by oil production (i.e., petroleum production), as compiled from the U.S. Energy Information Administration database for calendar year 2021, tabulating all countries on a comparable best-estimate basis. The world's Top 10 oil consumers in 2021 Robert Rapier U.S. Remains Oil Production Champion Despite the ongoing impact the pandemic has had on U.S. oil production, the U.S. remained the. In 2018, the world produced 72 million tonnes of oil palm. While the upstream sector could see its capacity cushion deflate, the refining sector is struggling with excess capacity. Asian oil demand will continue to rise strongly, albeit at a slower pace than in the recent past. Given these and other recent market events, many investors are curious to know which countries produce the most oil, and may be able to fill the gap if the west places further sanctions on Russia. According to the EIA, "Increased growth in pre-salt oil field production drives Brazil's crude oil production over the next decade, and exports of crude oil will likely increase as well." 8. But its also true that alternative oils are not always suitable for the products we need. World Crude Oil Production is at a current level of 81.65M, up from 81.34M last month and up from 77.72M one year ago. Canada has been embroiled in a national debate over pipelines. In this sense, palm oil has been a land sparing crop. 41% of people thought palm oil was environmentally unfriendly, compared to 15% for soybean oil; 9% for rapeseed; 5% for sunflower; and 2% for olive oil. In the chart we see the breakdown of global vegetable oil production in 2018. IUCN Oil Palm Task Force Gland, Switzerland: IUCN. Although production is focused in only a few countries across the tropical belt, we see that palm oil is an important product across the world. The centre of gravity for refined products trade is also set to shift to Asia, resulting in the regions oil import dependence rising to 82% by 2026. United Arab . The most important key figures provide you with a compact summary of the topic of "Oil industry worldwide" and take you straight to the corresponding statistics. *Billed as $19.00 plus GST . Securities Disclosure: I, Melissa Pistilli, hold no direct investment interest in any company mentioned in this article. Some studies suggest that palm oil has played a very small role in global forest loss. Global crude oil output rose by less than 1% in 2021 after a 7.4% drop in 2020. The price of oil shown is adjusted for inflation using the headline CPI and is shown by default on a logarithmic scale. Palm oil is unique in its versatility, meaning it is suitable for a range of foods, cosmetics, industrial applications and biofuels. Twelve of the most important oil-producing countries are listed in Table 2.3, together with their annual output from 2007 to 2011 (in units of million barrels per day, 10 6 bbl d 1 ), 1 and their percentage contribution to the world total. The volumes in the table do not include biofuel. Rape and mustardseed oil were also in proportion. In a context of global economic recovery, with increasing COVID-19 vaccination rates and loosening pandemic-related restrictions, oil demand expanded more rapidly than supply. , Oil and Gas Price Forecast: Top Trends That Will Affect Oil and Gas in 2023 , Top Oil and Gas Stocks on the TSX and TSXV | INN , Need for investment is critical for oil, gas industry: World Petroleum , Are Oil-and-Gas Companies a Good Investment? An example of this is in 1990 when production steeply declined, leading to the WTI Crude Oil and Brent Crude Oil Spot prices to abrubtly increase. A pathway to net-zero emissions globally by 2050 would require an even sharper decrease. Figure 7. , Top 5 US Oil and Gas Dividend Stocks in 2023. These reports can be viewed here. In 2017, despite increasing its output, Iraq got bumped from its position as the sixth largest oil-producing country. 2. Create a free IEA account to download our reports or subcribe to a paid service. All of this demand growth relative to 2019 is expected to come from emerging and developing economies, underpinned by rising populations and incomes. In the next section we will look at what countries produce palm oil, but here we see a map of palm oil imports. Oil palm. The nation is the worlds second largest consumer of oil and moved from being the second largest net importer of oil to the largest in 2014. As we will see later in this article, more recent data for 2018 comes to 218 million tonnes. Effect of oil palm sustainability certification on deforestation and fire in Indonesia. But, most of the research concludes that, particularly in tropical forests in Southeast Asia, palm expansion has played a significant role. At the current pace, American production will decline to less than 11 million barrels a day by the end of the year, from 13.3 million barrels a day at the end of 2019. Venezuela's . United States - 17 million barrels per day The US became the world's biggest oil producer in 2017, overtaking Saudi Arabia to claim top spot. It has therefore been a natural choice to meet this demand. liability for the information given being complete or correct. Led by Saudi Arabia, it controls production, supply and pricing in the global petroleum market. The industry group says that's 11 per . This has had a negative impact on the environment, particularly in Indonesia and Malaysia. Please refer to thecookie policy for collected data, privacy and GDPR compliance. Gaveau, D. L., Sheil, D., Salim, M. A., Arjasakusuma, S., Ancrenaz, M., Pacheco, P., & Meijaard, E. (2016). In 2018, the federal government purchased the Kinder Morgan (NYSE:KMI) Trans Mountain pipeline for C$4.5 billion to ensure Canadian crude reaches market ports. Prior to production cuts in 2020, Russian oil output had spent a number of years rising; it hit 10,778,000 bpd last year. Fast-evolving government plans to accelerate transitions towards a more sustainable future have created a high degree of uncertainty that is testing the oil industry. You have permission to use, distribute, and reproduce these in any medium, provided the source and authors are credited. Help us do this work by making a donation. Consumer demand for sustainable palm oil puts pressure on food and cosmetic companies to source from certified suppliers, and ultimately rewards the most sustainable growers. MarketWatch provides the latest stock market, financial and business news. Get stock market quotes, personal finance advice, company news and more. Interactive visualization requires JavaScript. It thrives on high rainfall, adequate sunlight and humid conditions this means the best growing areas are along a narrow band around the equator.4 Palm oil is therefore grown in many countries across Africa, South America, and Southeast Asia. There are a couple of reasons why palm oil has been the favored crop to meet growing demand for vegetable oils. As a result, by 2026, global oil consumption is projected to reach 104.1mb/d. "}.mw-parser-output .srn-white-background{background:#fff}.mw-parser-output .static-row-numbers tr:hover{background:#eaf3ff}, Last edited on 20 February 2023, at 02:21, List of countries by natural gas production, List of countries by natural gas proven reserves, List of countries by natural gas consumption, "Annual petroleum and other liquids production", "OPEC+ not to increase oil production in April", "U.S. Crude oil production grew 11% in 2019, surpassing 12 million barrels per day", The US will be a net energy exporter by 2022, four years sooner than expected, Energy Department says, United Nations Department of Economic and Social Affairs, https://en.wikipedia.org/w/index.php?title=List_of_countries_by_oil_production&oldid=1140438968, This page was last edited on 20 February 2023, at 02:21. China is the worlds most populous country and has a rapidly growing economy, factors that have driven its high overall energy demand. This is shown for the Indonesian and Malaysian Borneo in the chart. We are happy to help. Indonesia accounted for 57% of this (41 million tonnes), and Malaysia produced 27% (20 million tonnes). [3] The monthly U.S. oil production reached 12.86million b/d in November 2019, the highest monthly level of crude oil production in U.S. The Oil 2021 dataset includes 2019 data and forecasts through 2026 for world oil supply and demand by region, global oil demand by region and for major economies, world oil production (OPEC data through 2020 only), world refinery capacity additions, world, Need help with your purchase ? When production rose dramatically in April of that year after Russias decision not to approve further cuts proposed by Saudi Arabia, the de facto OPEC leader responded by offering its product at a discount and producing more oil. Being the most productive oilcrop, palm has taken up a lot of this production. Only 6% of global intact forest is in Southeast Asia, the hotspot of palm oil expansion. Output continued to decline in Latin America (-0.5%, with -1.1% in Brazil) and in Africa (-5.3%), driven down by Nigeria (-11.4%). Winter could br The current level of U.S. crude oil production as of February 2022 is 11,600.00 thousand barrels per day. Nigeria produces every year an . Environmental Research Letters, 14(5), 055003. Country Last Previous; Nigeria: 1228: 1247: Angola: . From shampoos, to detergents, from chocolate to cookies, companies are trying to eliminate palm oil from their products. If we want to reduce agricultural expansion, we want to maximise crop yields through effective management practices, improved varieties and choosing the most productive areas of land. Stats Related Indicators World Energy The world devotes more than 300 million hectares for oilcrop production. It achieves a much higher yield than the alternatives. The global market still looks adequately supplied through much of the medium term. Create a free IEA account to download our reports or subcribe to a paid service. This is true for other tropical oilcrops such as coconut, groundnut, or soy. The World Crude Oil Production measures the number of barrels of crude oil that are produced per day in the world. The most well-known is the Roundtable on Sustainable Palm Oil (RSPO). In 2021, the US crude oil production (17% of global output) increased by 1.3%. Overall, oil production grew in the Middle East (+1.6%), leaded by Iran with +17.6% despite sanctions, in North America (+2.5%), including +5.9% in Canada, in CIS (+1.8%), and in Asia (+3.3%). Sustainability of liquid biofuels. But as weve seen, the alternatives are not necessarily better; more sustainable palm oil (used for food, not fuel) rather than no palm oil is what we should be pushing for. 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By making a donation provides the latest stock market quotes, personal finance advice, company news and..