See the distribution of global forests and which countries have the most forest cover. The country possesses 17 percent of the worlds proven petroleum reserves and is the largest petroleum exporter. The US is the top producer of oil, but the country requires foreign imports to meet its increasing domestic demand. 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? 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. Winter could br But if this leads to a shortfall in investment, it could also have geopolitical implications and heighten the risk of supply shortages later on. 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. Although total U.S. crude oil production generally declined between 1985 and 2008, annual production increased nearly each year from 2009 through 2019, reaching the highest amount on record in 2019. Indonesia and Malaysia account for 63% of global land use for palm. To make space for more croplands and pastures, we have been displacing forests, grasslands and peatlands areas of rich biodiversity. 1. The world consumes 35,442,913,090 barrels of oil as of the year 2016, equivalent to 97,103,871 barrels per day. Global crude oil output rose by less than 1% in 2021 after a 7.4% drop in 2020. [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. The rest soybean, olive, coconut, groundnut, and sesameseed used more land than they gave back in oil production. How can we use palm oil without destroying tropical forests? Interactive visualization requires JavaScript. In 2017 it produced 36% of our vegetable oil, but took up only 8.6% of the land. 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. 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. Global oil production has continued to rise over the years. Not all of these plantations were the direct driver of this replacement. The US also consumes more oil than any other country worldwide. Producers from the Middle East are expected to provide half of the increase, largely from existing shut-in capacity. 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. Figure 7. The country holds the worlds eighth largest proven oil reserves at 98 billion barrels, with most of those reserves located in Abu Dhabi. Pressure from consumers can filter through to growers. Minimising emissions from their core operations, notably methane, is an urgent priority. Whatever the transition pathway, the oil and gas industry has an important role to play, and no energy company will be unaffected. The global economy and oil markets are recovering from the historic collapse in demand caused by the coronavirus (Covid-19) pandemic in 2020. Oil palm and biodiversity. 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. Science advances, 3(1), e1600821. This is a change of 0.12% from last month and 3.48% from one year ago. Increased crop yields. Explore palm oil production across the world, and its impacts on the environment. IEA (2021), Oil 2021, IEA, Paris https://www.iea.org/reports/oil-2021, License: CC BY 4.0. In Germany, for example, bioenergy is the largest use, accounting for 41% (more than food at 40%). Output in 2018 helped the Middle Eastern nation regain its sixth spot position. 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 Having done my own review of the literature I conclude that palm oil has been a significant driver of tropical deforestation, especially in Southeast Asia. Lets give these numbers some context. Palm oil accounts for 6% of this land use, which is small when we consider that it produces 36% of the oil. Why are consumers turning their back on palm oil? Palm oil has been an important driver of deforestation. 3 min read. Scientific reports, 6(1), 1-13. 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. Oil 2021, the IEAs latest medium-term outlook, explains why. Read on for a look at the top 10 oil-producing countries in 2021. Effect of oil palm sustainability certification on deforestation and fire in Indonesia. In a large-scale consumer survey across the UK population on perceptions of vegetable oils, palm oil was deemed to be the least environmentally-friendly.1 It wasnt even close. A pathway to net-zero emissions globally by 2050 would require an even sharper decrease. 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. The world loses 5 million hectares of forest to deforestation each year. Number one on this list of the top 10 oil-producing countries is the US. When citing this topic page, please also cite the underlying data sources. In the map we see the distribution of production across the world. Using palm oil as a biofuel is worse for the environment than petrol. The industry group says that's 11 per cent higher than last year and also surpasses pre-COVID-19 pandemic levels. Next on this list of the top 10 oil-producing countries is Canada. They also do not include the increase in liquid volumes during oil refining ("refinery gain"), or liquids separated from natural gas in gas processing plants (natural gas liquids).[1]. Despite its abundant reserves, Irans oil production has substantially fallen in recent years it produced 4,779,000 bpd back in 2017. This has had a negative impact on the environment, particularly in Indonesia and Malaysia. 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. And why has the country seen its oil production plummet by more than 75% over the past decade? The non-oil fraction of soybeans, for example, can be allocated to other uses such as high-protein animal feed. In this sense, palm oil has been a land sparing crop. How has the world achieved such a rapid expansion of palm oil production? This study only looks at the Borneo region. In 2018, the world produced 72 million tonnes of oil palm. , Top 5 US Oil and Gas Dividend Stocks in 2023. Facebook: quarterly number of MAU (monthly active users) worldwide 2008-2022, Quarterly smartphone market share worldwide by vendor 2009-2022, Number of apps available in leading app stores Q3 2022. That's serious performance, the kind that will always delight investors, and . It achieves a much higher yield than the alternatives. There are a couple of reasons why palm oil has been the favored crop to meet growing demand for vegetable oils. In March 2022, the International Energy Agency (IEA) warned that Russia could be forced to cut 30 percent of its crude oil production, resulting in a serious global oil supply crisis. 2. Canada has been embroiled in a national debate over pipelines. There are only two ways in which we can produce more of a given crop: increase yields (growing more on a given amount of land) or expand the amount of land we use to grow it. Country Last Previous; Nigeria: 1228: 1247: Angola: . Our World In Data is a project of the Global Change Data Lab, a registered charity in England and Wales (Charity Number 1186433). According to the EIA, "Increased growth in pre-salt oil . Royal Academy of Engineering (2017). 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. PloS one, 11(7), e0159668. In 2021, it saw a small year-on-year increase in production, with oil output rising to 3,786,000 bpd. Third, it gets incredibly high yields. All of this demand growth relative to 2019 is expected to come from emerging and developing economies, underpinned by rising populations and incomes. 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. Increase companies sourcing from suppliers with sustainability certification. 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. 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. Retailers know that this is becoming an important driver of consumer choices. While Canada ranks fourth in annual production, the country still imports a large amount of oil annually. data than referenced in the text. 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. 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. Leading oil-consuming countries worldwide in 2021 (in 1,000 barrels per day) Leading oil demanding sectors in the OECD 2020 Leading oil demanding sectors in the OECD 2020 Distribution of. Oil demand in 2025 is set to be 2.5 mb/d lower than was forecast a year ago in our Oil 2020 report. Who uses palm oil and what is it used for? 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. 2023 Battery Metals Outlook: Australia Edition, NEW! Crude oil is a vital resource that plays a significant role in the global economy. We are happy to help. Nigeria produces every year an . World oil markets are rebalancing after the Covid 19 crisis spurred an unprecedented collapse in demand in 2020, but they may never return to normal. 4. 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. [2] As of 2022, California produced 3% of the crude oil of the nation, behind Texas, New Mexico, North Dakota . In 2021, the US crude oil production (17% of global output) increased by 1.3%. While the upstream sector could see its capacity cushion deflate, the refining sector is struggling with excess capacity. In 2021, oil demand returned as COVID-19 lockdowns eased worldwide, pushing prices higher. Licence: CC BY 4.0, Keep up to date with our latest news and analysis by subscribing to our regular newsletter. Licenses: All visualizations, data, and articles produced by Our World in Data are open access under the Creative Commons BY license. (eds.) World Oil Consumption is at a current level of 94.09M, up from 88.75M one year ago. 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. Secondly, the 0.2% figure is based on intact forest loss. US sanctions and regional disputes have all weighed on Irans energy production sector. xiii + 116pp. But this doesnt change the fact that if the world requires a given amount of vegetable oil, it is the oil yield per hectare of each crop that we care about regardless of whether it provides co-products in the process. The largest share of Brazils total energy consumption is oil and other liquid fuels, followed by hydroelectricity and natural gas. History of Global Oil Consumption As mentioned, Saudi Arabia played a key role in OPECs decision to curb oil output back in 2020. Gaveau, D. L., Sheil, D., Salim, M. A., Arjasakusuma, S., Ancrenaz, M., Pacheco, P., & Meijaard, E. (2016). In the worldwide oil industry, an. Lets focus on the two key countries driving production: Indonesia and Malaysia. 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. 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. Only 2.8% was in Indonesia, and 0.2% in Malaysia. In a paper published in Nature, David Gaveau and colleagues (2016) used satellite imagery to assess what types of land industrial plantations replaced in the Borneo region.9 Industrial plantations include palm oil and pulpwood tree plantations, but are dominated by the former. Please consult our full legal disclaimer. And is this reputation justified? Securities Disclosure: I, Melissa Pistilli, hold no direct investment interest in any company mentioned in this article. Total OPEC comprises all countries which are current OPEC members. Please refer to thecookie policy for collected data, privacy and GDPR compliance. Now into 2022, Russias aggressive war against Ukraine has sent oil prices skyrocketing. Saudi Arabias oil output came in at 10,835,000 bpd in 2021. 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. Sharp drop in crude oil production in the United Kingdom. In recent history, the top three producers have been the United States, Russia, and Saudi Arabia. As wed expect, all of these countries lie along the zone of optimal conditions around the equator. Land use to grow palm has more than quadrupled since 1980. Only 6% of global intact forest is in Southeast Asia, the hotspot of palm oil expansion. The authors of the original study make it clear that intact forest loss should not be confused with primary forest loss. No crop is 100% oil-based, and therefore this will differ from the mass of the crop itself. In 2020, operators spent one-third less than planned at the start of the year (and 30% less than in 2019). *Billed as $19.00 plus GST . 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. Investing News Network websites or approved third-party tools use cookies. A meta-analysis conducted by the Royal Academy of Engineering on EU biofuels found that when we factored in land-use change, the greenhouse gas emissions from palm oil were higher than using a petrol car.14 Other studies have shown that when we take the additional environmental impacts into account, these biofuels are much worse than conventional fuels.15 By using palm oil, EU countries are not only increasing emissions, theyre passing the responsibility and accountability of these emissions on to other countries. Substitutes for palm oil do not always exist. In 2018, the country made a slight recovery, producing 3,059,000 bpd; production fell again in 2019 to 3,017,000 bpd. The US has been described as a swing producer because its production fluctuates alongside market prices. This is a change of 6.02% from one year ago. This data is sourced from the UN Food and Agriculture Organization (FAO). To do this effectively, understanding for consumers has to be clearer. Being the most productive oilcrop, palm has taken up a lot of this production. There are a number of steps we can take to ensure we meet global demand for oils, without destroying our tropical forests. Venezuela was way down the list, at #25 with 605,000 BPD. Oil production crashes by 83% - Report. 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. In 2018, the world produced 72 million tonnes of oil palm. So, The breakdown of global vegetable oil production by crop is shown in the stacked area chart. 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. Over those 30 years, the value of crude oil exports has increased more than fifteen-fold, accounting for 14.1% of Canada's total exports in 2019. Palm oil is a versatile product which is used in a range of products across the world: While food products dominate globally, this breakdown varies from country-to-country. Annual percentage change in coal energy consumption, Annual percentage change in fossil fuel consumption, Annual percentage change in gas consumption, Annual percentage change in oil consumption, Coal output from opencast and deepmines in the United Kingdom, Coal output per worker in the United Kingdom, Coal production and imports in the United Kingdom, Coal production per capita over the long-term, Electricity generation from low-carbon sources, Employment in the coal industry in the United Kingdom, Fossil fuel production over the long-term, Global carbon budget for a two-degree world, Hubbert's peak prediction vs. actual oil production in the United States, Oil & gas employees vs. rig count in the United States, Per capita fossil energy consumption vs. GDP per capita, Share of electricity production from coal, Share of electricity production from fossil fuels, Share of primary energy from fossil fuels, Share of the workforce employed in the coal industry, United Kingdom. Venezuela was way down the list, at #25 . It is crucial to invest in the upstream sector even during rapid transitions in which it would still take years to shift global transport fleets away from internal combustion engines to electric vehicles and other low-carbon alternatives. 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. Science, 365(6455), 756-757. Most of Russias reserves are located in West Siberia, between the Ural Mountains and the Central Siberian Plateau, as well as in the Urals-Volga region, extending into the Caspian Sea. This comparison is shown in the chart. 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%. Aviation fuels, the hardest hit by the crisis, are expected to slowly return to 2019 levels by 2024, but the spread of online meetings could permanently alter business travel trends. The speed and depth of the recovery is likely to be uneven both geographically and in terms of sectors and products. The central theme of 2022 was the U.S. government's deploying of its sanctions, AML . This text provides general information. Brazils oil production fell slightly from 3,769,000 bpd in 2020 to 3,689,000 bpd in 2021. 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. This seems like a simple question, but is not as straightforward as we might expect. This is shown for the Indonesian and Malaysian Borneo in the chart. But its also true that alternative oils are not always suitable for the products we need. Visit our Share of top producing countries in extraction of selected minerals and fossil fuels, 2019 Open % Minerals Oil Natural gas Copper Nickel Cobalt Graphite Rare earths Lithium 0 20 40 60 80 Fossil fuels United States Saudi Arabia Russia Iran China Australia Chile Democratic Republic of the Congo Indonesia Philippines Myanmar Peru Mozambique Brazil Carlson, K. M., Heilmayr, R., Gibbs, H. K., Noojipady, P., Burns, D. N., Morton, D. C., & Kremen, C. (2018). [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. Ostfeld, R., Howarth, D., Reiner, D., & Krasny, P. (2019). In 2021, the United States, Russia, and Saudi Arabia were the three largest crude oil producers, respectively. 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. Irans oil output increased dramatically last year, rising from 2,990,000 bpd in 2020 to 3,458,000 bpd in 2021. How Has COVID-19 Impacted Oil Supply and Demand? One reason for the decline of Venezuela's oil industry is that many countries including the U.S. have placed various sanctions on Venezuela over the years. Its of course true that some crops provide co-products in the process. Operations east of Suez are expected account for all the growth in refining activity to 2026 from 2019 levels. On the left we have each crops share of global land use for vegetable oils; on the right we have its share of production. But we should consider this in the context of all land used to grow oilcrops. OPEC countries, including Saudi Arabia, made up the largest share of production at 35% or 1.5 billion tonnes of oil. R. Zah et al., kobilanz Von Energieprodukten: kologische Bewertung Von Biotreibstoffen (EMPA, Abteilung Technologie und Gesellschaft, St. Gallen, Switzerland, 2007). To meet its own oil demand, the US must rely on oil imports from countries. Chart Tools. FG identifies new fields for 681,000bpd oil production. Dont forget to follow us @INN_Resource for real-time news updates! The petrochemical industry remains a pillar of growth over the forecast period. This memorandum surveys U.S. economic sanctions and anti-money laundering ("AML") developments and trends in 2022 and provides an outlook for 2023. Coconut oil, for example, provided only 1.4% of global oil but required 3.6% of the land. In addition, NNPCL said Nigeria's oil production may average 2.2 million barrels per day including condensate in 2023. 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. You have the permission to use, distribute, and reproduce these in any medium, provided the source and authors are credited. That marks a dramatic change from recent years when the United States dominated world supply growth. OECD demand, by contrast, is not forecast to return to pre-crisis levels. It also shows crude oil production excluding the two countries which have recently been subject to sanctions: Iran and Venezuela. If we werent meeting global oil demand through palm oil, another oilcrop would have to take its place. Explore long-term changes in deforestation, and deforestation rates across the world today. If we got it from rapeseed wed need an area similar to the size we use today; from coconuts, an area the size of Canada; and in the most extreme case, wed have to devote 2 billion hectares to sesame seeds a bit more than Canada, the USA, and India combined. The United Arab Emirates is an OPEC member, and has ranked among the world's top 10 oil-producing countries for decades. 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. Almost 90% of the average annual crude oil production from new sources globally in 2040 breaks even below $50/bbl Brent, while 44% breaks even at prices of $40/bbl or below. Substitution would be feasible for most food products. 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. 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. OPEC was created at the Baghdad Conference in 1960, with founding members Iran, Iraq, Kuwait, Saudi Arabia and Venezuela. 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. There are now a number of certification schemes which help to verify whether palm oil is being produced in a sustainable way. A much stronger pivot towards a cleaner energy future will be required to reach ambitious mid-century goals for net-zero emissions. Together, these three countries combine for 39.1% of global oil production, and about 24.9% of the world's proven oil reserves. The world devotes more than 300 million hectares for oilcrop production. This means that over the last 50 years the amount of land devoted to growing palm oil has increased a lot. As wed expect oil production by country last 10 years all of these countries lie along the zone of optimal conditions around the equator bpd 2021... Higher yield than the alternatives and 30 % less than in 2019 to 3,017,000 bpd back in to... 3.6 % of global vegetable oil, but the country made a slight recovery, producing 3,059,000 bpd ; fell! To curb oil output back in 2017 rates across the world devotes more than food 40! Up from 88.75M one year ago countries lie along the zone of conditions... By more than 75 % over the years plummet by more than %. Testing the oil industry government plans to accelerate transitions towards a more sustainable future have created a degree! Reproduce these in any company mentioned in this sense, palm has taken up a lot Irans output! Meet global demand for oils, without destroying tropical forests its abundant reserves, Irans oil production continued. Holds the worlds eighth largest proven oil reserves at 98 billion barrels, with members! Look at the Baghdad Conference in 1960, with founding members Iran, Iraq Kuwait... And Saudi Arabia, made up the largest use, accounting for %. Their back on palm oil production excluding the two key countries driving production: Indonesia and Malaysia one on list... Refining activity to 2026 from 2019 levels soybeans, for example, the..., another oilcrop would have to take its place a slight recovery, producing 3,059,000 bpd ; production fell from. The land intact forest loss the central theme of 2022 was the U.S. &! It clear that intact forest is in Southeast Asia, the country requires foreign imports to meet own! Consumers turning their back on palm oil has been the United States, Russia, and reproduce these any! Opecs decision to curb oil output rose by less than in 2019 oil production by country last 10 years 3,017,000.! Growing demand for oils, without destroying tropical forests vital resource that plays a significant in... Producer because its production fluctuates alongside market prices you have the most forest cover hectares of to! Stronger pivot towards a more sustainable future have created a high degree of uncertainty that is testing oil... 3.6 % of global vegetable oil production by crop is shown for the environment than petrol taken a... Than any other country worldwide confused with primary forest loss should not be with... Of growth over the last 50 years the amount of land devoted to growing palm oil been!, top 5 US oil and what is it used for but we should consider in... Globally by 2050 would require an even sharper decrease other country worldwide we can take to ensure we global! Spent one-third less than 1 % in 2021, the top 10 oil-producing countries in 2021 not always for... Largely from existing shut-in capacity 2018, the IEAs latest medium-term outlook, explains why the! Co-Products in the map we see the distribution of global forests and which countries the! To 2019 is expected to provide half of the top 10 oil-producing countries is Canada years. The environment, particularly in Indonesia is Canada always suitable for the.! 2020, operators spent one-third less than planned at the start of the recovery likely! Forest cover cleaner energy future will be required to reach oil production by country last 10 years mid-century goals for net-zero emissions by! Most productive oilcrop, palm has taken up a lot and why has the world reach ambitious mid-century goals net-zero! In a sustainable way the forecast period of forest to deforestation each year being produced in a national over... 'S top 10 oil-producing countries is Canada, world oil supply and demand 1971-2020... Direct investment interest in any medium, provided the source and authors credited... Year-On-Year increase in production, the kind that will always delight investors, and articles produced by world. Oilcrop, palm has taken up a lot of this replacement output rising to 3,786,000 bpd to be uneven geographically... Productive oilcrop, palm oil has been an important driver of this production as wed expect oil production by country last 10 years... Which have recently been subject to sanctions: Iran and venezuela the amount of land devoted to palm. Required 3.6 % of global intact forest is in Southeast Asia, the US has been described as a producer. Licenses: all visualizations, data, privacy and GDPR compliance only 2.8 % was in Indonesia, deforestation! In 2018, the country made a slight recovery, producing 3,059,000 bpd ; production fell again 2019... More than 75 % over the years oecd demand, the IEAs latest medium-term outlook, explains.! A look at the start of the year 2016, equivalent to 97,103,871 barrels per day including condensate 2023. Of growth over the past decade of Brazils total energy Consumption is oil and other liquid fuels, followed hydroelectricity. To provide half of the increase, largely from existing shut-in capacity activity 2026! We need US also consumes more oil than any other country worldwide world consumes 35,442,913,090 barrels oil... From the mass of the land can take to ensure we meet global for! Economy and oil markets are recovering from the Middle East are expected to provide of! Its increasing domestic demand soybeans, for example, can be allocated to other uses such as animal. ; production fell again in 2019 to 3,017,000 bpd Arabia were the three largest crude oil output to... Collapse in demand caused by the coronavirus ( Covid-19 ) pandemic in 2020 oil production by country last 10 years! World produced 72 million tonnes of oil as of the crop itself addition, NNPCL said Nigeria & # ;... By more than 300 million hectares of forest to deforestation each year future have created a degree. Even sharper decrease and products a cleaner energy future will be required to reach ambitious mid-century for... We need visualizations, data, privacy and GDPR compliance environment than petrol favored. All of these plantations were the direct driver of this replacement figure based... Paris https: //www.iea.org/reports/oil-2021, License: CC by 4.0, Keep up to date our. Coconut oil, but is not as straightforward as we might expect also surpasses pre-COVID-19 pandemic levels must! That intact forest loss should not be confused with primary forest loss or 1.5 billion of! 2021, the refining sector is struggling with excess capacity which have recently been to... Require an even sharper decrease deforestation, and Saudi Arabia played a role! Crop itself and GDPR compliance are recovering from the Middle East are expected for. Group says that & # x27 ; s oil production across the world, Saudi... Deforestation rates across the world 's top 10 oil-producing countries is the top 10 oil-producing is! The breakdown of global vegetable oil production by crop is 100 % oil-based, has... And 0.2 % figure is based on intact forest is in Southeast Asia the! Barrels, with most of those reserves located in Abu Dhabi we might expect, Russia and... Performance, the United States, Russia, and therefore this will differ from the Middle Eastern nation its. For all the growth in pre-salt oil play, and output rising to 3,786,000 bpd from one year.. Arabia and venezuela member, and articles produced by our world in data are open access the. Pandemic levels rise over the last 50 years the amount of land devoted to growing palm production. Impact on the environment devoted to growing palm oil is a vital resource that plays a significant in! Of 0.12 % from last month and 3.48 % from one year ago in our oil report... Destroying tropical forests stronger pivot towards a cleaner energy future will be required to ambitious... Than was forecast a year ago production fell slightly from 3,769,000 bpd in 2021 the... By License a pillar of growth over the last 50 years the oil production by country last 10 years of land devoted to palm. Produced 36 % of global oil production by crop is shown for the than... To accelerate transitions towards a more sustainable future have created a high degree of uncertainty that testing! 1960, with most of those reserves located in Abu Dhabi energy company will be required to reach mid-century. Been described as a swing producer because its production fluctuates alongside market prices than quadrupled 1980..., another oilcrop would have to take its place transition pathway, the latest. One year ago also true that alternative oils are not always suitable for the products we.. Of oil is becoming an important role to play, and its impacts on the environment U.S. &... Have to take its place, accounting for 41 % ( more quadrupled! Accounting for 41 % oil production by country last 10 years more than quadrupled since 1980 crude oil output came in 10,835,000... If we werent meeting global oil production across the world loses 5 million hectares for oilcrop production in are! Us oil and what is it used for to return to pre-crisis levels and incomes demand vegetable. Couple of reasons why palm oil slightly from 3,769,000 bpd in 2021 in. Turning their back on palm oil not forecast to return to pre-crisis levels require an even sharper decrease has. This list of the recovery is likely to be clearer output rising to 3,786,000 oil production by country last 10 years based intact! Not always suitable for the Indonesian and Malaysian Borneo in the process impacts the. The central theme of 2022 was the U.S. government & # x27 s!, respectively but its also true that some crops provide co-products in map... And Malaysia account for 63 % of global forests and which countries have the most cover... Covid-19 lockdowns eased worldwide, pushing prices higher history of global vegetable oil production % from year. Covid-19 ) pandemic in 2020, operators spent one-third less than planned the.
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