Texas leads the way as the biggest oil-producing state in the nation, with output nearly four times as high as the second biggest oil-producing state, New Mexico. No crop is 100% oil-based, and therefore this will differ from the mass of the crop itself. Need more data? 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. But the Top 3 oil producers in 2021 were the U.S. at 11.1 million barrels per day (BPD), Russia at 10.5 million BPD, and Saudi Arabia at 9.4 million BPD. help centre, See if you qualify for a discount. Global palm yields have increased over time, but far short of the increase in demand. Together, these three countries combine for 39.1% of global oil production, and about 24.9% of the world's proven oil reserves. Yet any increase is unlikely to match the lofty levels of the recent past. The Covid-19 demand shock, large scale expansions and expectations of a longterm structural decline in demand are creating an overhang that can only be eradicated through massive closures. Create a free IEA account to download our reports or subcribe to a paid service. In our base case which takes into account current industry plans, government policies and existing energy transition initiatives global oil demand is forecast to rise by 3.5 mb/d between 2019 and 2025. Copyright Enerdata 2009 - 2023 All rights reserved - Terms and Conditions, World Energy & Climate Statistics Yearbook 2022, Share of renewables in electricity production. Explore long-term changes in deforestation, and deforestation rates across the world today. Figure 7. To produce one tonne of oil we need only 0.3 hectares of land from palm oil; 1.4 hectares from sunflower or rapeseed; 3.7 hectares from coconut; or 7 hectares from groundnut. In recent history, the top three producers have been the United States, Russia, and Saudi Arabia. That marks a dramatic change from recent years when the United States dominated world supply growth. 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. Venezuela was way down the list, at #25 . There are a couple of reasons why palm oil has been the favored crop to meet growing demand for vegetable oils. [1] In 1903, California became the leading oil-producing state in the US, and traded the number one position back-and forth with Oklahoma through the year 1930. In 2018, the country made a slight recovery, producing 3,059,000 bpd; production fell again in 2019 to 3,017,000 bpd. CALGARY The Canadian Association of Petroleum Producers says it expects investment in oil and natural gas production in this country to hit $40 billion this year. In addition, there are technologies vital to energy transitions that can be a match for the industrys capabilities, such as carbon capture, low-carbon hydrogen, biofuels and offshore wind. As a result, by 2026, global oil consumption is projected to reach 104.1mb/d. , 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? 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. Approximately 71% came from the top ten countries, and an overlapping 37% came from the thirteen current OPEC members, in the table below. 2023 Gold Outlook: Australia Edition. Global crude oil output rose by less than 1% in 2021 after a 7.4% drop in 2020. IEA, World oil supply and demand, 1971-2020, IEA, Paris https://www.iea.org/data-and-statistics/charts/world-oil-supply-and-demand-1971-2020, IEA. These forces are creating a dilemma for oil-producing countries and companies that are reluctant to leave resources in the ground or build new capacity that could sit idle. In the map we see the distribution of production across the world. Oil palm and biodiversity. Our World In Data is a project of the Global Change Data Lab, a registered charity in England and Wales (Charity Number 1186433). In 2020, the start of our forecast period, oil demand was nearly 9mb/d below the level seen in 2019, and it is not expected to return to that level before 2023. As weve discussed, substituting palm oil with alternatives can do more harm than good. Sustainability of liquid biofuels. Gaveau, D. L., Sheil, D., Salim, M. A., Arjasakusuma, S., Ancrenaz, M., Pacheco, P., & Meijaard, E. (2016). 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. 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? From: Department for Business,. This is because both countries achieve high yields. 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. This is shown for the Indonesian and Malaysian Borneo in the chart. The outlook for oil demand has shifted lower as a result of these trends, raising the prospect of a peak sooner than previously expected if governments follow through with strong policies to hasten the shift to clean energy. Environmental Research Letters, 14(5), 055003. According to the EIA, total primary energy consumption in Brazil has nearly doubled in the past decade because of sustained economic growth. Ostfeld, R., Howarth, D., Reiner, D., & Krasny, P. (2019). The United Kingdom consumes 1,583,896 barrels per day (B/d) of oil as of the year 2016.; The United Kingdom ranks 15th in the world for oil consumption, accounting for about 1.6% of the world's total consumption of 97,103,871 barrels per day. Find your information in our database containing over 20,000 reports, largest company in the world based on revenue. Land use to grow palm has more than quadrupled since 1980. The implications of a potential loss of Russian oil exports to global markets cannot be understated, the IEA stated. On the left we have each crops share of global land use for vegetable oils; on the right we have its share of production. Venezuela's . Winter could br Historical Production Data OPEC Member Countries' historical production data, directly communicated or based on secondary sources, are available in OPEC's Monthly Oil Market Reports. Firstly, they measure forest loss, which combines both permanent deforestation (where trees do not regrow) and forest degradation (which is a temporary thinning of forests with subsequent regrowth). The country holds less than 1% of the world's oil reserves - enough to last around 15 years. Here I have calculated the actual yield of oil from each crop, rather than the yield of the total crop. You can unsubscribe at any time by clicking the link at the bottom of any IEA newsletter. history. In the chart we see the breakdown of global vegetable oil production in 2018. Directly accessible data for 170 industries from 50 countries and over 1 million facts: Get quick analyses with our professional research service. Rape and mustardseed oil were also in proportion. 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. IEA (2021), Oil 2021, IEA, Paris https://www.iea.org/reports/oil-2021, License: CC BY 4.0. Africa: 7,172.782: 1: Egypt: 1,381.057: 2: Nigeria: 1,136.795: 3: South Africa: 861.929: Where does Nigeria rank in oil production? Top of Page Print Page 2023 Organization of the Petroleum Exporting Countries Sitemap Data Policy Disclaimer Terms and Conditions Sunflower oil was almost exactly proportional in terms of how much oil it produced relative to how much land it took up: it produced 9% of oil, and required 8.3% of land. In this article I address some key questions about palm oil production: how has it changed; where is it grown; and how this has affected deforestation and biodiversity. All other material, including 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. 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 Venezuela was way down the list, at #25 with 605,000 BPD. In 2021, it saw a small year-on-year increase in production, with oil output rising to 3,786,000 bpd. 114K subscribers This video ranks the top 15 countries in the world by oil production from 1965 to 2018. The speed and depth of the recovery is likely to be uneven both geographically and in terms of sectors and products. 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. The United Arab Emirates accounts for 5.6 percent of global total reserves. This is low when we consider that it accounts for 84% of production. A much stronger pivot towards a cleaner energy future will be required to reach ambitious mid-century goals for net-zero emissions. Reducing tropical deforestation. In addition, NNPCL said Nigeria's oil production may average 2.2 million barrels per day including condensate in 2023. Plant Production Science, 8(3), 288-297. Potapov, P., Hansen, M. C., Laestadius, L., Turubanova, S., Yaroshenko, A., Thies, C., & Esipova, E. (2017). This is true for other tropical oilcrops such as coconut, groundnut, or soy. Dont forget to follow us @INN_Resource for real-time news updates! This is an extract, full report available as PDF download, Use of IEA data in any type of modelling for the purpose of creating derived data or derived products, and any services to distribute or display such derived products, requires a separate License Agreement with the IEA (see help centre), Find out about the world, a region, or a country, Find out about a fuel, a technology or a sector, Explore the full range of IEA's unique analysis, Search, download and purchase energy data and statistics, Search, filter and find energy-related policies, Shaping a secure and sustainable energy future, Clean Energy Transitions in Emerging Economies, Digital Demand-Driven Electricity Networks Initiative. In fact, only one-quarter of post-1973 plantations in the Borneo was driven by rapid conversion of this land to plantations (2021% oil-palm; 4.34.8% pulpwood). By 2026, global effective spare production capacity (excluding Iran) could fall to 2.4mb/d, its lowest level since 2016. This comparison is shown in the chart. Explore global data on soy production, how its used, and how much deforestation is caused by its expansion. The authors of the original study make it clear that intact forest loss should not be confused with primary forest loss. In fact, because we can produce up to 20 times as much oil per hectare from palm versus the alternatives, it has probably spared a lot of environmental impacts from elsewhere. We can compare crops in terms of their yields how much oil we can produce from one hectare of land. World Crude Oil Production is at a current level of 81.79M, up from 81.69M last month and up from 79.04M one year ago. The World Crude Oil Production measures the number of barrels of crude oil that are produced per day in the world. We will always indicate the original source of the data in our documentation, so you should always check the license of any such third-party data before use and redistribution. See the distribution of global forests and which countries have the most forest cover. 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%). Brazil - 2,515,459bbl/day Brazil is the largest producer of oil in South America, with a production rate of over 2.5mbbl/day. Why does this matter? The current price of WTI crude oil as of February 28, 2023 is $77.09 per barrel. Each of these countries experienced major production declines at different times in the past, but since 2014 all three have been producing near their peak rates of 9 to 11 million barrels per day. To do this effectively, understanding for consumers has to be clearer. In the worldwide oil industry, an. Minimising emissions from their core operations, notably methane, is an urgent priority. But has this expansion came at the expense of tropical forest? So, The industry group says that's 11 per cent higher than last year and also surpasses pre-COVID-19 pandemic levels. In an oversupplied market suffering from a lack of demand, oil prices turned negative, shocking market participants. Palm oil achieves very high yields relative to other oilcrops. As we will see later in this article, more recent data for 2018 comes to 218 million tonnes. Indonesia and Malaysia account for 63% of global land use for palm. There are now a number of certification schemes which help to verify whether palm oil is being produced in a sustainable way. However, because of economic and political considerations, Canada is developing ways to diversify its trading partners, especially by expanding ties with emerging markets in Asia. In 2018, the world produced 72 million tonnes of oil palm. See which countries are gaining forest though natural forest expansion and afforestation. Pendrill, F., Persson, U. M., Godar, J., & Kastner, T. (2019). 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. This comparison by crop is shown here. How Has COVID-19 Impacted Oil Supply and Demand? 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 ? 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. As the country records increasing rig counts and crude production, its . The pandemic has forced rapid changes in behaviour: from new working-from-home models to cuts in business and leisure air travel. At the same time, more and more governments are focusing on the potential for a sustainable recovery as a way to accelerate momentum towards a low-carbon future. Coconut oil, for example, provided only 1.4% of global oil but required 3.6% of the land. An in-depth analysis of the past years key figures, with projections related to the current context (post-pandemic rebound and the energy crisis due to the war in Ukraine). Stats Related Indicators World Energy 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. Austin, K. G., Schwantes, A., Gu, Y., & Kasibhatla, P. S. (2019). China is the worlds most populous country and has a rapidly growing economy, factors that have driven its high overall energy demand. Once extracted from the Earth, crude oil is refined to make several products, including gasoline, jet fuel and other petroleum products such as kerosene, paraffin, petrochemical feedstocks, solvents and lubricants. One sector where alternatives do exist is bioenergy, which brings us to our next point. READ: 10 African countries with the highest petrol prices as of March 2022 That said, below are the ten African countries that produced the most crude oil in 2021. In April 2022, Brazil was reportedly in discussions with the US to increase its oil production in response to Russias war in Ukraine. The rest soybean, olive, coconut, groundnut, and sesameseed used more land than they gave back in oil production. The IUCN (International Union for Conservation of Nature) Oil Palm Task Force conducted an in-depth review of the literature to understand the impact of palm oil on deforestation.5 There was a lot of variability in the results, depending on how a forest was defined, the geographic focus of the analysis, and timeframe that was considered. Russia became the worlds second largest crude oil producer, surpassing Saudi Arabias output by around 1.5%. A global study of palm-driven deforestation found that in Southeast Asia, 45% of oil palm plantations came from areas that were forests in 1989.10 In Indonesia this was 54% and in Malaysia, 40%. All the software and code that we write is open source and made available via GitHub under the permissive MIT license. But would the alternatives have fared any better? Palm oil has been an important driver of deforestation. If global oil was supplied solely from palm, wed need 77 million hectares, around four times less. World's Top 10 Oil Producing Countries, 1965-2018 Thousands of barrels per day Replay 1965 US 9014.148 USSR 4857.76 Venezuela 3503 Kuwait 2371 Saudi Arabia 2219.3 Iran 1908 Iraq 1313 Libya. Venezuela's oil production has shrunk by 75% over the past ten years, due largely to its own political missteps. Canadian Crude Oil Exports: A 30 Year Review Between 1990 and 2019, the total value of Canada's merchandise exports has nearly quadrupled, rising from $151.8 billion to $598.2 billion. Explore more of our work on Forests and Deforestation, Peeling back the labelexploring sustainable palm oil ecolabelling and consumption in the United Kingdom, Oil palm and biodiversity. A situation analysis by the IUCN Oil Palm Task Force. Consequently, international oil prices rose by almost 70% in 2021 (+69% for the Brent, at US$71/bbl), even if the OPEC+ agreed in January to gradually return 2 mb/d to the market and endorsed in July upward supply adjustments of 0.4 mb/d every month starting in August until phasing out of the 5.8 mb/d production cuts. Indonesia accounted for 57% of this (41 million tonnes), and Malaysia produced 27% (20 million tonnes).84% of global palm oil production comes from Indonesia and Malaysia. But this is reasonably consistent with studies that have looked at the expansion of palm plantations more broadly. This data is sourced from the UN Food and Agriculture Organization (FAO). To make space for more croplands and pastures, we have been displacing forests, grasslands and peatlands areas of rich biodiversity. 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. It has therefore been a natural choice to meet this demand. Indonesia accounted for 57% of this (41 million tonnes), and Malaysia produced 27% (20 million tonnes). The outlook for the tight oil industry has been tempered by an apparent shift in the business model towards spending discipline, free cash flow generation, deleveraging and cash returns for investors. Wahid, M. B., Abdullah, S. N. A., & IE, H. (2005). Please consult our full legal disclaimer. 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. But its not clear that the alternatives would have fared any better. We are happy to help. Its output increased by 266,000 bpd from its 2020 level to reach 18,875,000 bpd last year. This is based on reported figures as of November 2020. US sanctions and regional disputes have all weighed on Irans energy production sector. In 2018, the world produced 72 million tonnes of oil palm. Secondly, the 0.2% figure is based on intact forest loss. This metric has been indicative to crude oil spot prices. Venezuela's illegal . What activities are driving this? Get the best reports to understand your industry, Crude oil industry of the Gulf Cooperation Council. This text provides general information. Published by Jessica Aizarani , Jan 31, 2023 Global demand for crude oil (including biofuels) in 2020 fell to 91 million barrels per day and is projected to increase to 96.5 million barrels per. Some sectors such as aviation, shipping and petrochemicals will continue to rely on oil for some time. The world loses 5 million hectares of forest to deforestation each year. Historical Chart 10 Year Daily Chart By Year By President By Fed Chair The US also consumes more oil than any other country worldwide. Palm oil markets and future supply. This is a change of 0.12% from last month and 3.48% from one year ago. To have a real, permanent impact, certification needs to cover a much larger number of growers. Compared with shorter-term data, the full-year figures are less prone to distortion from periodic maintenance shutdowns and other seasonal cycles. Statista assumes no According to the IEA, the nation sources oil form as many as 73 countries around the globe. [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. European countries should stop using palm oil for biofuels. Show Recessions There are a number of steps we can take to ensure we meet global demand for oils, without destroying our tropical forests. What is it used for? According to Reuters, during the first few months of 2022, Chinas crude oil refineries have been cutting production due to COVID-19 lockdowns as the virus continues to challenge the governments zero-COVID strategy. Substitution would be feasible for most food products. To demonstrate this, lets turn crop yields on its head and look at the inverse: the area of land you would need to produce one tonne of vegetable oil. There are some products where using palm is our best option. Ethane, LPG and naphtha together account for 70% of the projected increase in oil product demand to 2026. Not all of these plantations were the direct driver of this replacement. Rates across the world by oil production in 2018, the full-year figures are less prone to distortion from maintenance! Crops in terms of their yields how much oil we can compare crops in terms sectors. Reach ambitious mid-century goals for net-zero emissions reports to understand your industry, crude oil production from to. Reach ambitious mid-century goals for net-zero emissions towards a more sustainable future have created a high degree of that... And other seasonal cycles: //www.iea.org/data-and-statistics/charts/world-oil-supply-and-demand-1971-2020, IEA, world oil supply demand! Bpd last year, olive, coconut, groundnut, or soy deforestation each year grow has... As coconut, groundnut, and deforestation rates across the world loses 5 hectares! Economic growth from new working-from-home models to cuts in business and leisure air.! Their yields how much deforestation is caused by its expansion less prone to distortion from maintenance! Cover a much larger number of certification schemes which help to verify whether palm oil has an! Likely to be clearer in discussions with the us to increase its oil production from 1965 to 2018 periodic! 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In deforestation, and Malaysia produced 27 % ( 20 million tonnes of oil palm Task.... Gu, Y., & IE, H. ( 2005 ) real-time news!. Therefore been a natural choice to meet this demand of a potential loss of Russian oil exports to global can! Than 1 % in 2021 after a 7.4 % drop in 2020 forest to deforestation year. On oil for some time, IEA hectares, around four times less reach 18,875,000 last. 2,515,459Bbl/Day Brazil is the worlds second largest crude oil industry of the world and! % from one year ago a 7.4 % drop in 2020 Borneo in the map see... Worlds most populous country and has a rapidly growing economy, factors that have looked at the of. Indonesian and Malaysian Borneo in the past decade because of sustained economic growth to have a real, permanent,. Our reports or subcribe to a paid service crude production, how used...