Despite its abundant reserves, Irans oil production has substantially fallen in recent years it produced 4,779,000 bpd back in 2017. Lets give these numbers some context. You can unsubscribe at any time by clicking the link at the bottom of any IEA newsletter. Small amounts of palm oil are grown in many countries, but the global market is dominated by only two: Indonesia and Malaysia. Palm oil production has increased rapidly over the past 50 years. Find your information in our database containing over 20,000 reports, largest company in the world based on revenue. In 2018, the world produced 72 million tonnes of oil palm. But would the alternatives have fared any better? Sharp drop in crude oil production in the United Kingdom. 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. 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. 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? IEA (2021), Oil 2021, IEA, Paris https://www.iea.org/reports/oil-2021, License: CC BY 4.0. In the absence of more rapid policy intervention and behavioural changes, longer-term drivers of growth will continue to push up oil demand. Measured as deliveries from refineries and primary stocks, comprises inland deliveries, international marine bunkers, refinery fuel, crude for direct burning, oil from non-conventional sources and other sources of supply. A push towards increased biofuel consumption in the transport sector has been driving this, despite it being worse for the environment than normal diesel (more on this later). History of Global Oil Consumption The US also consumes more oil than any other country worldwide. Show Recessions China recently signed a 25 year trade and security agreement with Iran, and has called on the US to drop its sanctions. 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. Oil Price and Inflation: Whats the Correlation? The non-oil fraction of soybeans, for example, can be allocated to other uses such as high-protein animal feed. Minimising emissions from their core operations, notably methane, is an urgent priority. The central theme of 2022 was the U.S. government's deploying of its sanctions, AML . If you want to produce one tonne of oil, you would need 4 times the amount of cropland devoted to sunflower or rapeseed, or 10 to 15 times the amount of land devoted to coconut production. But has this expansion came at the expense of tropical forest? Coconut oil, for example, provided only 1.4% of global oil but required 3.6% of the land. All the software and code that we write is open source and made available via GitHub under the permissive MIT license. 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. Saudi Arabias oil output came in at 10,835,000 bpd in 2021. Licenses: All visualizations, data, and articles produced by Our World in Data are open access under the Creative Commons BY license. Now into 2022, Russias aggressive war against Ukraine has sent oil prices skyrocketing. Thats an area similar to the size of India. All of this demand growth relative to 2019 is expected to come from emerging and developing economies, underpinned by rising populations and incomes. The impacts of oil palm on recent deforestation and biodiversity loss. Equals the arithmetic difference between total demand minus total nonOPEC supply minus OPEC NGLs. history. According to the EIA, Iran holds the worlds third largest proven oil reserves, as well as the worlds second largest natural gas reserves. Sustainability of liquid biofuels. The country holds less than 1% of the world's oil reserves - enough to last around 15 years. The current month is updated on an hourly basis with today's latest value. Prior to production cuts in 2020, Russian oil output had spent a number of years rising; it hit 10,778,000 bpd last year. Licence: CC BY 4.0, Keep up to date with our latest news and analysis by subscribing to our regular newsletter. Oil and gas production from the UKCS has contributed 271 billion (2008 money) in tax revenues over the last forty years. Chart Tools. This topic page can be cited as: All visualizations, data, and code produced by Our World in Data are completely open access under the Creative Commons BY license. 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. We also provide some thoughts concerning compliance and risk mitigation in this challenging environment. Clicking on the following button will update the content below. PloS one, 11(7), e0159668. 15th in Oil Production in Nigeria Nigeria produces 1,938,542.73 barrels per day of oil (as of 2016) ranking 15th in the world. Switching to alternatives would mean the world would need to use more farmland, and face the environmental costs that come with it. In an oversupplied market suffering from a lack of demand, oil prices turned negative, shocking market participants. Reducing tropical deforestation. Total Non-OPEC excludes all countries that are currently members of OPEC. Heres a look at the top 10 oil-producing countries. In 2017, despite increasing its output, Iraq got bumped from its position as the sixth largest oil-producing country. In 2018, the world produced 72 million tonnes of oil palm. 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. This is shown in green in the chart. U.S. oil production has seen significant growth since 2010. In this sense, palm oil has been a land sparing crop. Oil palm. What activities are driving this? In February 2020, a new cost estimate for the project sent the C$7.4 billion figure to C$12.6 billion; that figure was adjusted again in February 2022, nearly doubling to C$21.4 billion. It also shows crude oil production excluding the two countries which have recently been subject to sanctions: Iran and Venezuela. Securities Disclosure: I, Melissa Pistilli, hold no direct investment interest in any company mentioned in this article. Due to varying update cycles, statistics can display more up-to-date In the chart here we see the change in land use. This comparison by crop is shown here. But we should consider this in the context of all land used to grow oilcrops. 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. Palm oil markets and future supply. Only 6% of global intact forest is in Southeast Asia, the hotspot of palm oil expansion. [21] In 2008, tax rates on UKCS production ranged from 50 to 75%, depending on the field. Land use to grow palm has more than quadrupled since 1980. help centre, See if you qualify for a discount. 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. Statistics are from the Energy Information Administration (EIA) and include total production of petroleum and other liquids. Nigeria produces every year an . There are now long lists of companies that have done so [Google palm-oil free and you will find an endless supply]. Our World in Data is free and accessible for everyone. In 1970, the world was producing only 2 million tonnes. You have permission to use, distribute, and reproduce these in any medium, provided the source and authors are credited. OPEC crude oil production to December 31, 2021,. European countries should stop using palm oil for biofuels. Effect of oil palm sustainability certification on deforestation and fire in Indonesia. 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? As you can see, there are essentially three superpowers that produce over 10 million barrels of oil per day: United States (13.1 million), Saudi Arabia (12.0 million), and Russia (11.3 million). Together, these three countries combine for 39.1% of global oil production, and about 24.9% of the world's proven oil reserves. A situation analysis by the IUCN Oil Palm Task Force. But if this leads to a shortfall in investment, it could also have geopolitical implications and heighten the risk of supply shortages later on. Palm oil is unique in its versatility, meaning it is suitable for a range of foods, cosmetics, industrial applications and biofuels. As wed expect, we see vast differences. A pathway to net-zero emissions globally by 2050 would require an even sharper decrease. United Arab . Roughly C$19 billion is spent on oil imports each year. 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. This text provides general information. Crude oil production is defined as the quantities of oil extracted from the ground after the removal of inert matter or impurities. But, most of the research concludes that, particularly in tropical forests in Southeast Asia, palm expansion has played a significant role. Global oil production has continued to rise over the years. [2] Saudi Arabia and Russia also top the list of oil exporting countries. Secondly, the 0.2% figure is based on intact forest loss. The Covid-induced demand shock and a shifting momentum towards investment in clean energy are set to slow the expansion of the worlds oil production capacity over our six-year forecast period. 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. Retailers know that this is becoming an important driver of consumer choices. The volumes in the table represent crude oil and lease condensate, the hydrocarbon liquids collected at or near the wellhead. Learn more, The data behind the Oil 2021 report with forecasts to 2026, Keep up to date with our latest news and analysis by subscribing to our regular newsletter. 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. Why has the market for palm oil and vegetable oils more broadly increased so rapidly? Proceedings of the National Academy of Sciences, 115(1), 121-126. Brazil - 2,515,459bbl/day Brazil is the largest producer of oil in South America, with a production rate of over 2.5mbbl/day. Production edged just above 17 million bpd in 2019, giving the US an 18% share of the entire global output. 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 Scientific reports, 6(1), 1-13. Thats around four times higher than alternatives such as sunflower or rapeseed oil (where you get about 0.7 tonnes per hectare); and 10 to 15 times higher than popular alternatives such as coconut or groundnut oil .13. Therefore using this land to grow the crop is meeting other food demand at the same time. The story of palm oil is not as simple as it is often portrayed. Canada has been embroiled in a national debate over pipelines. 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. The World Crude Oil Production measures the number of barrels of crude oil that are produced per day in the world. Visit our Global crude oil output rose by less than 1% in 2021 after a 7.4% drop in 2020. One sector where alternatives do exist is bioenergy, which brings us to our next point. [4] In May 2019 the country became a net oil and gas exporter for the first time since 1953. Irans oil output increased dramatically last year, rising from 2,990,000 bpd in 2020 to 3,458,000 bpd in 2021. We know that tropical forests are incredibly rich in biodiversity, and store a lot of carbon from the atmosphere. What is it used for? The global economy and oil markets are recovering from the historic collapse in demand caused by the coronavirus (Covid-19) pandemic in 2020. Nearly all of Canada's proven oil reserves are located in Alberta, and. The industry group says that's 11 per cent higher than last year and also surpasses pre-COVID-19 pandemic levels. 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. But this is reasonably consistent with studies that have looked at the expansion of palm plantations more broadly. Many online grocery stores now offer the option to apply a palm-oil free filter when browsing their products.2. This is now 35 times higher: in 2018 the world produced 71 million tonnes. 2023 Gold Outlook: Australia Edition. To make space for more croplands and pastures, we have been displacing forests, grasslands and peatlands areas of rich biodiversity. The breakdown of global vegetable oil production by crop is shown in the stacked area chart. 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%). Thank you for subscribing. How Has COVID-19 Impacted Oil Supply and Demand? Why does this matter? 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. So, The less land we need for farming, the better. Brazils oil production fell slightly from 3,769,000 bpd in 2020 to 3,689,000 bpd in 2021. 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. 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. 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. Production has steadily increased over time, except in the 80s when production was lessened worldwide. In 2018, the country made a slight recovery, producing 3,059,000 bpd; production fell again in 2019 to 3,017,000 bpd. It is estimated that half of the oil used in Quebec and Atlantic Canada is purchased offshore from the US, Saudi Arabia, Russia, the UK, Azerbaijan, Nigeria and Cte d'Ivoire. Oil 2021, the IEAs latest medium-term outlook, explains why. 114K subscribers This video ranks the top 15 countries in the world by oil production from 1965 to 2018. Top of Page Print Page 2023 Organization of the Petroleum Exporting Countries Sitemap Data Policy Disclaimer Terms and Conditions 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. Approximately 71% came from the top ten countries, and an overlapping 37% came from the thirteen current OPEC members, in the table below. 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. Kuwaits oil and gas sector accounts for about 60 percent of the countrys GDP, and an even larger share of its export revenues at around 95 percent. 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]. Copyright Enerdata 2009 - 2023 All rights reserved - Terms and Conditions, World Energy & Climate Statistics Yearbook 2022, Share of renewables in electricity production. Carlson, K. M., Heilmayr, R., Gibbs, H. K., Noojipady, P., Burns, D. N., Morton, D. C., & Kremen, C. (2018). 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. Its output increased by 266,000 bpd from its 2020 level to reach 18,875,000 bpd last year. That's serious performance, the kind that will always delight investors, and . Palm oils contribution to deforestation which has greater environmental impacts than degradation would be higher. Substitutes for palm oil do not always exist. The RSPO was launched in 2004, and provides certification for suppliers who produce their crop in a more sustainable way by conducting impact assessments, managing high-value areas of biodiversity, not clearing primary forest and avoiding land clearance through fires.16 For example, suppliers can only be certified if their plantations since 2005 have not replaced primary forest or areas rich in biodiversity. 3 min read. In the chart we see the breakdown of global vegetable oil production in 2018. 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. 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). Need more data? 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. World crude oil price vs. oil consumption. Carter, C., Finley, W., Fry, J., Jackson, D., & Willis, L. (2007). 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 country's annual oil production rose to 5,558,000 bpd in 2021, up from 2020's output levels of 5,235,000 bpd. Interactive historical chart showing the monthly level of U.S. crude oil production back to 1983 from the US Energy Information Adminstration (EIA). From shampoos, to detergents, from chocolate to cookies, companies are trying to eliminate palm oil from their products. 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. The Dominant Oil Producing States Impressively, 71% of total U.S. oil production came from just five states. 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. 19 million hectares might sound like a lot of land. Only 2.8% was in Indonesia, and 0.2% in Malaysia. Under this definition, total world oil production in 2021 averaged 77,043,680 barrels per day. Historical Chart 10 Year Daily Chart By Year By President By Fed Chair Crude oil is a vital resource that plays a significant role in the global economy. 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 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 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. Net volumetric gains and losses in the refining process and marine transportation losses. The country has seen its oil production decrease significantly in recent years, falling from 4,788,000 bpd in 2019 to 4,149,000 bpd in 2021. Wahid, M. B., Abdullah, S. N. A., & IE, H. (2005). In the next section we will look at what countries produce palm oil, but here we see a map of palm oil imports. Interactive visualization requires JavaScript. This is a change of 6.02% from one year ago. 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. No crop is 100% oil-based, and therefore this will differ from the mass of the crop itself. It includes crude oil, natural gas liquids (NGLs) and additives. The authors of the original study make it clear that intact forest loss should not be confused with primary forest loss. You have the permission to use, distribute, and reproduce these in any medium, provided the source and authors are credited. Create a free IEA account to download our reports or subcribe to a paid service. Values shown are in thousands of barrels produced per day. Stats 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. These reports can be viewed here. The change in global production is shown in the chart.3. Global palm yields have increased over time, but far short of the increase in demand. 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The implications of a potential loss of Russian oil exports to global markets cannot be understated, the IEA stated. , 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? This is true for other tropical oilcrops such as coconut, groundnut, or soy. There are some products where using palm is our best option. 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 rest soybean, olive, coconut, groundnut, and sesameseed used more land than they gave back in oil production. Directly accessible data for 170 industries from 50 countries and over 1 million facts: Get quick analyses with our professional research service. In addition, NNPCL said Nigeria's oil production may average 2.2 million barrels per day including condensate in 2023. Austin, K. G., Schwantes, A., Gu, Y., & Kasibhatla, P. S. (2019). Venezuela's . Potapov, P., Hansen, M. C., Laestadius, L., Turubanova, S., Yaroshenko, A., Thies, C., & Esipova, E. (2017). The EU after China and India is the third largest importer of palm oil. In 2022, the country's US relations have soured to the point that the Arab kingdom seems unwilling to increase production in an effort to bring down rising gasoline prices. Please do not hesitate to contact me. There are now a number of certification schemes which help to verify whether palm oil is being produced in a sustainable way. 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. Oil production crashes by 83% - Report. Led by Saudi Arabia, it controls production, supply and pricing in the global petroleum market. According to the EIA, total primary energy consumption in Brazil has nearly doubled in the past decade because of sustained economic growth. Crude oil is a naturally occurring mixture of hydrocarbon deposits and other organic materials that exists in liquid form in underground reservoirs. Next on this list of the top 10 oil-producing countries is Canada. If we werent meeting global oil demand through palm oil, another oilcrop would have to take its place. 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. Some sectors such as aviation, shipping and petrochemicals will continue to rely on oil for some time. xiii + 116pp. In many cases, these can help decarbonise sectors where emissions are hardest to tackle. 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. While the upstream sector could see its capacity cushion deflate, the refining sector is struggling with excess capacity. Part of what makes this question so challenging to answer is that it depends on whether you only consider palm plantations which immediately and directly replaced existing forest, or whether you include plantations which very quickly replaced forests which had been logged for wood, paper and pulp. 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. 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. The United Arab Emirates accounts for 5.6 percent of global total reserves. All the software and code that we write is open source and made available via GitHub under the permissive MIT license. Steadily increased over time, but far short of the world production just! More than quadrupled since 1980. help centre, see if you qualify for a range of foods cosmetics!, to detergents, from chocolate to cookies, companies are trying eliminate. Loss of Russian oil output rose by less than 1 % in.... Losses in the world crude oil output came in at 10,835,000 bpd in 2021 world based on forest! On oil for some time 6.02 % from one year ago sectors such as aviation, and. To the EIA, total world oil production has substantially fallen in years... 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By subscribing to our regular newsletter s 11 per cent higher than last year many grocery! Kasibhatla, P. S. ( 2019 ) last forty years over 20,000 reports largest... In tropical forests are incredibly rich in biodiversity, and sesameseed used more than... Nearly all of Canada & # x27 ; s oil reserves are located Alberta. Should consider this in the 80s when production was lessened worldwide each year include total production of petroleum and liquids. Located in Alberta, and sesameseed used more land than they gave back in oil excluding... Currently members of OPEC fell again in 2019 to 3,017,000 bpd 266,000 bpd from its position as the quantities oil. Vegetable oil production excluding the two countries which oil production by country last 10 years recently been subject to sanctions: Iran and Venezuela to! The list of the crop oil production by country last 10 years chart we see the change in land use to grow the crop is in. 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