World oil consumption 2020 80% since the beginning of 2024, according to trading on a contract for difference (CFD) that tracks the benchmark market for this commodity. Commodity price changes during January 22-April 21, 2020 C. Years of global coal, oil and natural gas left, reported as the reserves-to-product (R/P) ratio which measures the number of years of production left based on known reserves and present annual production levels. “Oil price - Crude prices Energy Information Administration - EIA - Official Energy Statistics from the U. Until we scale up such an energy infrastructure, the world will continue to face two energy problems: hundreds of millions of people lack access to sufficient energy, and the dominance of fossil fuels in our energy system drives climate change and other health impacts such as air pollution. World primary energy consumption and global carbon emissions from energy use both witnessed annual decreases in 2020, their largest since WWII . Wachtmeister, H. 9 million barrels per day (b/d) to 97. Share of oil final consumption by sector, 1973 Open. 9% CONSUMPTION Areas and Aggregates The World Top 10 Consumers Countries PER CAPITA CONSUMPTION World Oil Reserves (2022) 81,530 million barrels as at 31st December World oil demand hit a record 103 mb/d in June and August could see yet another peak. By 2020, non-OECD Asia was the largest consumer region worldwide and is expected to remain the leading consumer region by 2050, with a consumption of roughly 230 and 403 quadrillion British In depth view into Canada Oil Consumption including historical data from 1965 to 2022, charts and stats. The forecast for 2021 and 2022 . World Oil reserves, production, and consumption by year and by country, imports, Download scientific diagram | World oil consumption by region (1970-2020) [2] from publication: 2020 (74) - Causes and Consequences of the Black Sea Ecosystem Pollution with Petroleum World Energy Balances. The pandemic massively reduced the world's consumption of oil. In 2021/2022, about 73. 3 million b/d, set in 2019. quadrillion British thermal units. Asia Pacific is the greatest consumer of oil and oil products in the world. This interactive chart shows primary energy consumption from oil across the world. Oil consumption growth is expected to ease significantly in 2024, to 1. Energy Institute, “Statistical Review of World Energy”; Various sources, “Population” [original data]. 3% in Germany), Japan (-3. Malaysia is the world’s second-largest exporter of palm oil in terms of volume, after Indonesia. 9% less than the previous year. Overall compliance was 103%. This is the first time that such a trend has been observed over three consecutive Crude Oil decreased 0. Notes: 2020 provisional data. 0% over the next 15 years. Good news for the world olive sector: according to data published by the IOC, olive oil consumption has grown faster than production over the last three crop years (2019/20, 2020/21 and 2021/22). The impact of containment measures in 187 countries and territories has almost brought global mobility to a Italy and Spain are the largest consumers of olive oil in the EU, with an annual consumption of around 500,000 tonnes each, while Greece has the biggest EU consumption per capita, with World oil markets are rebalancing after the Covid 19 crisis spurred an unprecedented As a result, by 2026, global oil consumption is projected to reach 104. The forecast for 2020 is strongly affected by the coronavirus pandemic (Oil Market Report and Oil 2020). 3 Mb/d in 2020, the most of any country, accounting for a quarter of the decline in global oil demand. Includes production of crude oil, NGL, feedstocks, additives and other hydrocarbons. Energy efficiency 44 . 57 trillion barrels in proved crude oil reserves as of 2023. The country’s comprehensive and In 2023, oil consumption worldwide saw an increase of around 2. World oil production, 1857–2020. 3 mb/d across Q1 2020. Between 2000 and 2023, China accounted for 50 percent of the growth in world oil demand, averaging an annual increase of 518,000 barrels per day (bpd). That’s equal to 19,687,287 barrels a day. Demand for all liquid fuels (including biofuels) rose by 1. 612. Crude oil production in the Olive oil – Provisional figures for the 2020/21 crop year; Provisional figures for the 2020/21 crop year put world production of olive oil at 3 010 000t, which is 256 500t or 7. China accounts for 78% of this year’s increase. The publication is a means to highlight and further the understanding of the many possible future challenges and opportunities that lie ahead for the oil industry. Overall global oil consumption is expected to increase in About the database. However, Russia remained the world’s largest net exporter of oil and gas combined . Final oil consumption in Southern Behind the 1. After nine consecutive years of increase, the Covid-19 pandemic caused global consumption of crude oil to decline by more than 9 million barrels per day (BPD) in 2020 to 88. [1] [2] In 2022, the International Energy Agency (IEA) announced that the total worldwide oil consumption would rise by 2% [3] year over year compared to 2021 despite the COVID-19 pandemic. This means that fossil fuels include the energy lost due to inefficiencies in energy production. low-carbon energy; Year-to-year percentage change in primary energy consumption; Years of oil consumption per country. China's "zero-Covid" policy was the main reason for the drop in 2022 but consumption should rise sharply in 2023. 4 mb/d from 2019 But we also care about where that oil is being consumed – that tells us what role it's playing in the energy system of each country. 0 Mb/d, respectively). 2024 World Oil Outlook For OPEC, it is a great honour to launch the World Oil Outlook (WOO) 2024 in Brazil. 5%. tonnes. Help us do this work by making a donation. By contrast, oil demand growth in The World Oil Outlook combines the expertise of the OPEC Secretariat, professionals in OPEC Member Countries and the Organization’s Economic Commission Board, as well as input from In contrast , energy consumption declined for the 2nd year in a row in the OECD (-1. The level of oil production reached an all-time high in 2023. The United States produced the most oil in the world in 2023, Global oil consumption 1970-2023; Highest earning oil and gas companies in Russia 2020; Share of oil and gas production in World crude oil price vs. This data is based on the following sources. Supply Key World Energy Statistics 14 Natural gas production % Natural gas production . 5% in 2020 with oil demand accounting for 72% of the decrease 2. Oil products domestic consumption Global refined oil product consumption increased again in 2023 (+2. Growth of global energy production in 2019 was driven by natural gas and coal. Fossil fuel World oil demand will rise faster than expected next year, the International Energy Agency (IEA) said on Thursday, a sign that the outlook for near-term oil use remains robust despite this week's Graph 2 – Olive oil consumption 2020/21. World production for the 2019/20 campaign would amount to 3,057,500 t, an increase of 5. 6% * Number of people without access to electricity By world region; Number of people without access to electricity By country; Oil consumption; Oil consumption by region; Oil production; Oil production by region; Oil production per capita; Oil reserves; People without clean fuels for cooking, by world region; Per capita CO₂ emissions by source Meanwhile, coal, oil, and natural gas production has been increasing since the COVID-19 slump in 2020. 9 mb/d by 2025, which more than covers growth in demand. 57 USD/BBL or 0. 2 60 Years 60 Years 3 We look forward to the BP Statistical Saudi Arabia Oil Consumption was reported at 4,051. The global demand for crude oil (including biofuels) in 2023 amounted to 102. 34 1023454 64 S5o2urc re2fd2afto–2Tlrtpv2sisR Total proved reserves At end 2000 At end 2010 At end 2019 At end 2020 World proved gas reserves decreased by 2. In 2020, the growth is expected to be 1. However, analysts expect China’s oil demand will increase by far less in 2024. 6 million barrels per day, respectively. oil consumption; Year-to-year change in primary energy consumption from fossil fuels vs. This is a change of 2. European oil Russia’s energy market in 2020 . In its April Short-Term Energy Outlook, EIA says the world consumed 96. 5% compared to the The Oil Information database includes detailed and comprehensive annual data of oil supply, demand, trade, production and consumption by end-user for each OECD country individually and for the OECD regions. he drop in energy consumption was driven mainly by oil, which T the end of World War II. Renewable energy consumption more than doubles between 2020 and 2050, Together, these top five growth regions were home to 70% of the world’s population in 2020 and 44% of GDP. The global energy market in 2020 . The 100 million barrels/day mark is in sight. . F. Access exclusive energy statistics that provide: Comprehensive Data Access: Explore data on the production, consumption, and trade of oil, gas, coal, power, and renewables, World oil final consumption by sector, 2018 - Chart and data by the International Energy Agency. Notes. This represented an increase in comparison to 2020, when the UK's oil consumption reached a record low. 5 percent when compared to the previous year. Carbon emissions Carbon emissions grew by 2. 2%, including -9. A bottom-up perspective. Like OPEC’s World Oil Outlook, we believe it supports the formation of realistic The 2020 OPEC World Oil Outlook (WOO) was launched today in Vienna, Austria, providing the OPEC Secretariat’s in-depth look at the unprecedented scale and impact of the COVID-19 pandemic on the global energy and oil markets, an assessment of the medium- and long-term prospects, as well as analysis of various alternative scenarios and sensitivities that Top 10 Countries with the Highest Natural Gas Consumption (in billion cubic meters - 2020): Country. Primary energy consumption fell by 4. In the rest of the world, demand dropped by 3. 5 million BPD. Table olives – Provisional 2019/20 campaign and estimate for 2020/21. Statistical Review of World Energy – 2021 . In contrast , energy consumption declined for the 2nd year in a row in the OECD (-1. The global edible oil market is Olive oil – estimate for the 2020/21 crop year. 6n4. ABOUT; CONTACT US; OECD product supply and consumption (Edition 2020) This dataset provides a detailed comparison of Global coal consumption, 2020-2023 - Chart and data by the International Energy Agency. 21 million barrels per day. About; News; Events; Programmes; Help centre; Skip IEA, World Energy Balances, 2020. Energy Institute, “Statistical Review of World Energy” [original data]. 1. 1: Country wise Estimates of Production of Crude Oil 79-80 New IEA medium-term report sees oil use for transport going into decline after 2026, but overall consumption is expected to be supported by strong petrochemicals demand. 2 60 Years 60 Years 3 We look forward to the BP Statistical Review of World Energy for its insightful analysis and clearly expressed data. 6: Iran: 236. oil 6. 452B Download scientific diagram | World oil consumption by region (1970-2020) [2] from publication: 2020 (74) - Causes and Consequences of the Black Sea Ecosystem Pollution with Petroleum Products Statistical Review of World Energy – 2021 . New IEA medium-term report sees oil use for transport going into decline after 2026, but overall consumption is expected to be supported by strong petrochemicals demand. The International Energy Agency thinks peak oil use is in sight this decade as the world switches to renewables. 03 exajoules, up from 161. Clean energy investments in the Southeast Asia in the Stated Policies and Announced Pledges Scenarios, 2023-2050 China is the only major economy where oil demand in 2020 was above 2019 levels, and demand in 2021 is expected to grow further to almost 9% above 2019 levels. 486M The Energy Institute Statistical Review of World Energy: Category: OPEC’s World Oil Outlook (WOO) is part of the Organization’s commitment to market stability. 6 million b/d as OECD countries and some non-OECD countries released oil consumption data. 2. 1 million b/d and topped 100 million b/d for the IEA Key World Energy Statistics (KWES) is an introduction to energy statistics, providing top-level numbers across the energy mix, from supply and demand, to prices and research budgets, including outlooks, energy indicators and The Oil Information database includes detailed and comprehensive annual data of oil supply, demand, trade, production and consumption by end-user for each OECD country individually Global proved oil reserves were 1732 billion barrels at the end of 2020, down 2 billion barrels versus 2019. Russia’s energy market in 2020 . Most of the growth came from World oil final consumption by sector, 2018 - Chart and data by the International Energy Agency. 1 mb/d. other than at the height of the Covid-19 lockdowns in 2020. $100. The whole world relies heavily on oil. Oil Market Report - November rimary energy consumption fell by 4. natural gas 7. Source: IEA World Energy Balances , 2020. Other includes agriculture, commercial and public services, non-specified other, pipeline and non-specified transport. S. 2020. production from 1971 to 2019 by region (Mt) Sources: IEA, World Energy Statistics, 2020. Access 2023 world energy and climate data and key decarbonisation indices and explore the latest data and trends in the energy industry by browsing global maps and graphs. Though soybeans are the most produced type of oilseed, the world’s leading vegetable oil is palm oil. China was second at 14. 5 million b/d. In 2020, oil accounted for 31% of the world’s primary energy needs followed by coal (27%), natural gas (25%), hydropower (7%), renewable energy (6%) Monthly electricity prices in selected EU countries 2020-2024. Growth in the world’s demand for oil is set to slow almost to a halt in the coming years, The United States produced more crude oil than any nation at any time, according to our International Energy Statistics, for the past six years in a row. 0 MMbbl/d of petroleum and liquid fuels in March, an increase of 4. In 2023/24, sunflower seed oil consumption was forecast to be at over 20. Every day, we use a massive 97 million barrels globally. This publication includes total energy production, consumption, stocks, and trade; energy prices; overviews of petroleum, natural gas, coal, electricity, nuclear energy, renewable energy, and carbon dioxide emissions; and data unit conversions values. World fish production, consumption and trade are expected to increase, but with a growth rate that will slow over time. Latest; – with major processing Ratio production to consumption per macroarea for Coal, Oil, Gas and Hydroelectricity 1925, 1950, 1965 Figure A. Global coal consumption, 2020-2023 - Chart and data by the International Energy Agency. 008 at zero economic growth rate and a slope of 0. China's Oil Surplus Drops Dramatically. European oil consumption will be reduced by 3. 6% 166 Mexico 1160 51 1211 0. Coal statistics 2019, World coal consumption, 1971-2018, OECD and Non-OECD. Global oil consumption should exceed output by 100,000 barrels a day in Global oil demand is expected to be a record 9. World’s Top Oil Traders Buy Up Fuel From Africa’s Biggest Refinery. Diesel oil consumption is estimated to have significantly increased in China, however, more than offsetting the United States slowdown. Differences between the world consumption figures and world production statistics are accounted for by stock changes, consumption of non-petroleum additives and substitute fuels and unavoidable disparities in the definition, measurement World oil consumption is increasing again (3. EIA will add finalized data to its published estimates as information becomes available throughout 2021 and 2022. 0 percent. 2 million BPD in 2020. 1 OPEC Members’ crude oil exports by destination 46 Table 5. The global R/P ratio shows that oil reserves in 2020 accounted for over 50 years The U. $50. Even with the share of renewables in electricity production rising continuously over the past years, oil remains the world's most important energy source when factoring in transport and This is a list of countries by oil consumption. Annual time series of oil data including oil supply and consumption, trade and oil demand for Monthly petroleum and other liquids consumption worldwide from August 2022 to August 2024, with a forecast until March 2025, by select region and country (in million barrels A looming oil price super cycle will likely be the last After a pandemic and a price war sent petroleum prices tumbling in 2020, they are again on the rise. It is therefore possible, and perhaps even likely, that Number of people without access to electricity By world region; Number of people without access to electricity By country; Oil consumption; Oil consumption by region; Oil production; Oil production by region; Oil production per capita; Oil reserves; People without clean fuels for cooking, by world region; Per capita CO₂ emissions by source For this reason, EIA will have near-final data on about half of world oil consumption for 2020 by the first quarter of 2021, with values from the United States, OECD countries, and some non-OECD countries. S Energy Information Administration, global oil consumption is rallying back and is poised to accelerate to 101. 1 mb/d, with demand baselines normalising as Covid-related distortions fade. Oil is sold and measured in barrels, so one can generally determine a country’s or the world’s consumption in terms of barrels consumed per day. After months of lacklustre readings, OECD demand was revised up for May and June, with overall consumption returning to Iran, Libya, Venezuela exempt from cuts. Largest cumulative three-month. 6. World Oil Outlook 2045 Launch presentation sponsored by OMV and WU Executive Academy. 3 million barrels per day (b/d), a smaller increase than was seen between 2020 and 2021. 5. 3% per year from 1983 to 2019. However, Energy consumption is measured in terawatt-hours, in terms of direct primary energy. The mobility shock reduced US CO 2 emissions to levels not seen since the early 1980s and World Energy Outlook 2020 - Analysis and key findings. Production from countries participating in the OPEC+ agreement held largely steady. The increase in coal production (peat and oil shale included) was particularly strong Between 1970 and 2020, the world’s production of palm oil increased by about 40 times. Help us do this work by making a World oil supply fell 190 kb/d in November to 101. Largest one-month declines in oil prices since 1970 D. Energy balances 46 . 68M one year ago. Depending upon the characteristics of the crude stream, it may also include 1. World consumption of palm oil suffered from the COVID-19 pandemic in India, China and many other countries, while higher soybean oil output due to the recovery of swine husbandry sector in China also led to lower Up to 2020, world oil consumption has been rising by about 60% because of growing transportation. As the world attempts to transition its energy systems away from fossil fuels towards low-carbon energy sources, we have a range of energy options: renewable energy technologies such as hydropower, wind, and solar, as well as nuclear power. 1 Tcm in 2020. Energy balances for 156 countries and 35 regional Oil Information. China and India have the highest rate of growth. This number actually represents a decrease in consumption compared to previous years, and is Oil • Oil consumption grew by a below average 0. GDP ($1,000 PPP) Over the last 50 years, while energy consumption grew substantially, the world undertook a transition in its usage of fossil fuels, from solids (coal) to liquids (oil) to gases (natural gas). 051B December 31, 2019: 4. Per capita oil consumption; Real commodity price index, metals; Share of electricity generation from fossil fuels, World crude oil price vs. Government The 2020 OPEC World Oil Outlook (WOO) was launched today in Vienna, Austria, providing the OPEC Secretariat’s in-depth look at the unprecedented scale and impact of the COVID-19 pandemic on the global energy and oil markets, an assessment of the medium- and long-term prospects, as well as analysis of various alternative scenarios and sensitivities that Total estimated world oil consumption, from 1950 to 2018, then, is estimated at 1. world oil prices (2020 dollars) IEO2021 Release, CSIS October 6, 2021. by 2060, which accounts for 28. Oil demand in China fell 1. Small amounts of hydrocarbons that Biggest companies in the world by market value 2023. 2 Contents OPEC Annual Statistical Bulletin 2020 Tables Page Section 5: Oil trade 45 Table 5. 2% with 12,791,553 barrels a day. 4%) and imports and exports at 1 122 500t and 1 108 500t respectively. In depth view into World Oil Consumption including historical data from 1965 to 2022, charts and stats. BP. Fuel report Oil 2020; Related charts IEA total oil stocks, end-August 2024 Open. This would represent an increase of 4. Canada Oil Consumption (I: 2020: 2. 3 mb/d expansion. 3 mb/d. Russia remained the second largest gas, and the third largest oil producer, After nine consecutive years of increase, the Covid-19 pandemic caused global consumption of crude oil to decline by more than 9 million barrels per day (BPD) in 2020 to 88. 2 mb/d last month, to 82. But these gains were short lived, and today it is estimated that emissions are also above that of pre-pandemic levels. Peeling back the label—exploring sustainable palm oil ecolabelling and consumption in the United Kingdom. 02, 2020 (GLOBE NEWSWIRE) -- The "Global Edible Oil Market - Forecasts from 2020 to 2025" report has been added to ResearchAndMarkets. Nuclear energy and renewable technologies typically emit very little CO 2 per unit of energy production and are also much Dublin, Dec. ABOUT; CONTACT US; ALERTS; HELP; My Favorites This table contains data on world oil statistics while focusing on trade flows Canada holds some of the largest oil reserves in the world—11% of the world’s reserves. 42 billion metric tons consumed the previous year. The US leads the way as the largest source of new Differences between the world consumption figures and world production statistics are accounted for by stock changes, consumption of non-petroleum additives and substitute fuels and unavoidable disparities in the In 2020, the world used, or consumed, approximately 88. Flagship report — October 2024 . 8*7n9508Tanl lW Total proved reserves at end 2020 Milliononnes t Anthracite and bituminous bituminous Sub-and lignite Total Share of Total R/P ratio Canada 4346 2236 6582 0. Although a recovery occurred in the third quarter of 2020, it could not compensate for the loss of production in first half of 2020. The US led the world once again in oil production and consumption in 2019, according to data compiled by Anadolu Agency from British energy giant BP's Statistical Review of World Energy 2020 report. 2 million barrels per day (b/d) of petroleum and other liquid fuels in 2020, a 9% decline from the previous year and the largest Global crude and liquid fuels consumption sank in 2020, as the novel coronavirus swept around the world and disrupted daily life. Executive summary Recap 2020. This supply squeeze may curb the increase of world consumption to only around 2. Click here to download data and charts. This represents oil World oil consumption sinks in 2020. Chinese oil demand is believed to have accounted for 1. Footnote 3; Refined Petroleum Products (RPPs) In 2020, annual electricity consumption per capita in (government and industry) divided by average daily OECD oil demand. 2020 world oil consumption declined to 76. 5 °C warming-limit target. 7 mb/d of the non-OECD drop. In 2023, coal consumption worldwide came to around 164. Table 4. Basic data on palm oil production, exports and consumption The report provides a detailed analysis of key developments impacting oil market trends in world oil demand, supply as well as the oil market balance. energy consumption. 8: 2: China: Maciej Kolaczkowski, Manager Oil and Gas Industry from the World Economic Forum's Energy, Materials, Indeed it materialized and emissions dropped several percent in 2020. 5%), in a context of moderate or slow economic growth and weak industrial activity: it dipped in the EU ( The world has already passed “peak oil” demand, according to Carbon Brief analysis of the latest energy outlook from oil major BP. 2 million BPD, and was the only country in the Top 10 to report an increase in OIL WORLD (ISTA Mielke GmbH): analysing the world supply, demand and price outlook for 10 oilseeds, 17 oils & fats and 12 oilmeals. A new oil price super cycle—an The US reversed its forecast for a crude glut next year and is now calling for a small oil-market deficit. 4 million barrels per day. The IEA Oil Market Report (OMR) is one of the world's most authoritative and timely sources of data, which will account for around 80% of the overall 3. 2 million barrel a day in 2022, topping pre-pandemic levels. 7 percent in 2001-2010 and 3. 9: Russia: 423. 83 million metric tons of palm oil was produced worldwide. 8: which is one of the world's leading oil-producing nations—as well as the world's leading oil consumer and one of the countries that emit the most greenhouse Global crude oil prices, measured in US dollars per cubic meter. Crude Oil - values, historical data, forecasts and news - updated on December of 2024. 3 mb/d, the highest since January 2020. The US energy market in 2020 . Oil The annual average oil price (Dated Brent) × Facts & figures. Share Share of oil final consumption by sector, 2019 Open. 1 mb/d shortfall in consumption in 2021 versus 2019. 3 % : 916. “Oil proved reserves” [dataset]. energy statistics. Click This year’s World Oil Outlook (WOO) extends its perspective through to 2050, shedding further light on pivotal global trends and shifts. “Oil consumption per capita” [dataset]. Population; Coronavirus; W; Energy; Oil; Oil Consumption by Country; Oil Consumption by Country # Country Daily Oil Consumption (barrels) World Share Yearly Gallons Per Capita ; 1: United States: 19,687,287: 20. 7 MMbbl/d Renewable energy consumption more than doubles between 2020 and 2050, Together, these top five growth regions were home to 70% of the world’s population in 2020 and 44% of GDP. Excludes liquids from other fuel sources (renewables, coal and natural gas). 1: Trends in Consumption of Energy Sources in India 54 World Production and Consumption of Crude Oil & Natural Gas 76-86 Highlights and Graphs 76-78 Table 9. 4 million barrels per day in 2023. 1887. 3 million barrels seen in 2020, The world lacks a safe, low-carbon, and cheap large-scale energy infrastructure. What is driving this shift – and what is still standing in the way? Global oil demand is expected to decline in 2020 as the impact of the new coronavirus (COVID-19) spreads around the world, constricting travel and broader economic activity, according to the International Energy Agency’s latest oil market forecast. The world’s oil production capacity is expected to rise by 5. 5 Percentage of any source on total World consumption 1820-2020 consumption expanding at its fastest rate for 30 years. 5% compared to the previous campaign. Number of people without access to electricity By world region; Number of people without access to electricity By country; Oil consumption; Oil consumption by region; Oil production; Oil production by region; Oil production per capita; Oil reserves; People without clean fuels for cooking, by world region; Per capita CO₂ emissions by source Palm oil consumption worldwide from 2015/2016 to 2023/2024, by purpose type (in million metric tons) [Graph], US Department of Agriculture, January 12, 2024. 7 Mn T in Oct/Sept 2024/25, versus 8. 22M, up from 97. 4 million b/d and non-OECD by 1. Last observation is 2020 Q1. bp’s Statistical Review of World Energy has been playing for the past 71 years and continues to play this year. 3 mb/d in 2024, down sharply from last year’s 2. The data is categorized under World Trend Plus’s Association: Energy Sector – Table The United States produced more crude oil than any nation at any time, according to our International Energy Statistics, for the past six years in a row. Access exclusive energy statistics that provide: Comprehensive Data Access: Explore data on the production, consumption, and trade of oil, gas, coal, power, and renewables, World crude oil price vs. 121M December 31, 2019: 2. Spot oil prices B. OPEC WOO - essential and detailed analysis Energy consumption per capita vs. and while oil’s role as a key ingredient in plastics and other chemicals will continue to drive global consumption, Commentary — 18 November 2020 . extended its lead as the world's top oil producer The IEA cut forecasts for world oil consumption in 2021 by 200,000 barrels a day as the pandemic continues to limit travel and following the collapse of 1. As global and national energy systems have transitioned over centuries and decades, the contribution of different fuel sources to CO 2 emissions has changed both geographically and temporally. World Oil Consumption measures the Amount of Oil left in the world based on proven gas reserves and current global consumption levels. Environmental Research Letters, 14 (1), World oil demand growth is now forecast at 1. 1 India comes next, using 4. This means we often lack good data on energy consumption for the world's poorest. Register. Statistical Review of World Energy (2024) – with major processing by Our World in Data. Other includes agriculture, commercial China’s demand for oil, long an important driver of global oil demand growth, slowed dramatically during January–September 2024. 531B mt for 2023 2020: 4. Supply remained robust until April 2020 and then dropped by 13 to The consumption of oil has steadily increased over the last three decades, totaling 4. This report includes the latest monthly data on oil production for all OECD member countries, and imports, exports, refinery outputs and net deliveries for major product categories for all OECD regions. World Energy Consumption A Database 1820-2018 (2020 revision) Paolo Malanima . 7 mb/d, Global refinery runs surged by an estimated 2. 7 million barrels daily in 2020, followed closely by the Americas. Oil he oil The world holds around 1. 2 mb/d m-o-m to 91. 9 million barrels per day (b/d), or 0. Global The United States remains the world’s top oil consumer, averaging 17. low-carbon energy; Year-to-year percentage change in primary energy consumption; Years of fossil fuel reserves left; Our World in Data is free and accessible for everyone. By 2050, global energy use increases nearly 50%, driven by non-OECD economic growth and population. In early 2024, figures reached over 102 million barrels. Fuel report — November 2024 . However, there has been a 38 Consumption 41 Prices 42 Trade movements. World Energy Outlook 2024. This data is not adjusted for inflation. However, Russia Daily consumption of petroleum and other liquid fuels is set to reach a new high by the end of 2024. and global record of 12. Source: IEA, World Energy Statistics, 2021. Petroleum has historically been the most-consumed energy source in terms of total annual U. Sources: 1857–1993: American Petroleum Institute (API); 1900–2020: US Energy Information Administration (EIA). “Oil price - Crude prices • Oil consumption continued to increase, rising by 2. Figure 11. 1980–2020. Projected oil demand in Asia-Pacific is the highest in the world, at 36. Russia remained the second largest gas, and the third largest oil producer, Olive oil – Provisional figures for the 2020/21 crop year; Provisional figures for the 2020/21 crop year put world production of olive oil at 3 010 000t, which is 256 500t or 7. The slowdown in growth, already apparent in recent data, means that oil consumption reverts towards its historical trend after several years of volatility from the post-pandemic rebound. 1 America is the top consumer, using 20. Prices 50 . Mexico excluded from OPEC+ compliance. This dataset provides a detailed comparison of products such as crude oil, natural gas liquids, petroleum, gasoline, ethane while focusing on their trade flows, production, consumption across OECD member countries. World consumption has almost doubled since the 1990/1991 crop year, and both IOC member and non-member countries have contributed to this growth. Global crude and liquid fuels consumption sank in 2020, as the novel coronavirus swept around the world and disrupted daily life. 3 million b/d, which EIA subsequently revised to 80. 1 Then, it will be gradually replaced by clean energy sources under strict warming-limit targets. 27 million metric tons worldwide. The longer the disruption, the more some changes that eat into oil consumption become engrained, such as working from home or avoiding air travel. com's offering. • Regionally, OECD consumption increased by 1. The OPEC Secretariat welcomes any Global energy consumption has increased dramatically in recent years and is projected to continue to increase 2020: 175: 139: 155: 10: 16: 65: 2015: 184: 125: 159: 9: Crude oil import Final consumption 34 . Biofuels are also used as petroleum products, mostly in mixtures with gasoline and diesel fuel. Our estimate of world oil consumption growth for 2025 is essentially unchanged at 990 kb/d. Crude oil production in the United States, including condensate, averaged 12. to put together some numbers on global oil production and objective views of the global energy industry. Only cut in May, June 2020. 29 percent of the world's energy supply in 2020 came from oil, Energy Institute - Statistical Review of World Energy (2024); Population based on various sources (2023) – with major processing by Our World in Data. 2020 Consumption. Latest; – with major processing by Our World in Data. oil consumption; Years of fossil fuel reserves left; Our World in Data is free and accessible for everyone. Only Venezuela and Saudi Arabia had more as of 2020. Increased supply of diesel and gasoline coincided with a seasonal lull in transport fuel demand, recent oil consumption data have surprised to the upside. 9% 484 Brazil 1547 5049 6596 0. and consumption. Share of world total final consumption by source, 2019 Open. 2 Table A 5 Percentage of any source on World consumption per decade 1820-2018 Table A 6. However, in the EU, consumption began to fall 2004/2005, and has continued to plunge ever since. ENERGY STATISTICS 2020 2 Chapter 6 :Consumption Of Energy Resources 49-66 Highlights and Graphs 49-53 Table 6. 8%), and remained stable in the US (higher oil consumption for transport but lower Indeed, Chinese demand contracted for a sixth straight month in September – taking the 3Q24 average to 270 kb/d below a year ago. Between 2007 and 2017, world oil consumption grew at an average annual rate of 1. Net Zero Roadmap: A Global Pathway to Keep the 1. Demand has partially recovered since April 2020 but still ended the year approximately 9 million barrels per day (MMb/d) below the 2019 level, with continued COVID-19-related lockdown measures in January 2021 keeping it around 6 MMb/d lower than January 2019. United States: 832. Government In the chart shown we see global primary energy consumption dating back to the This interactive map shows the share of primary energy that comes from oil across the world. 5 A publication of recent and historical U. Global crude oil prices, measured in US dollars per cubic meter. How much is the oil industry worth? Discover all relevant statistics and facts on the global oil industry and market now on statista. However, the coronavirus pandemic and its impact on Carbon dioxide (CO 2) emissions from energy and material production can arise from various sources and fuel types: coal, oil, gas, cement production, and gas flaring. For the pathways that “continue declining”, the oil consumption will decline from 2020 to 2060 under the 1. $0. 9%. 2% * Total North America 224444 32290 256734 23. By contrast, oil demand growth in advanced economies reversed course, expanding by 230 kb/d y-o-y in 3Q24. As of 2022, the leading country in soybean oil consumption was China, with about 17. Premium Statistic Palm oil consumption Iran 2009-2020; Premium Statistic World total final consumption by source, 1971-2019 Open. The oil consumption growth rate has an intercept of -0. Russia’s gas and oil production featured the largest volumetric decrease of any single country in 2020 (41 bcm and 1. In November, world oil supply may rise by over 1 mb/d as the US recovers from hurricanes and Libya continues to bounce back. A revision to World oil consumption from 2018 to 2050 is assumed to be the same as the sum of the world oil production and world biofuels production. This chart shows the countries with the highest oil consumption per day. 2 World crude oil exports by country 48 Oil Market Report - December 2020 - Analysis and key findings. 1% 185 US 218938 30003 248941 23. Note that these values can change with time based on the discovery of new reserves, and changes in annual production. In an effort to continuously enhance the service provided to our readers, we are pleased to announce that the analysis provided in the OPEC Monthly Oil Market Report is now more accessible than ever. 4. The publication also includes total oil stock levels and stock changes for major product categories for all OECD member countries. 163 Barrel/Day th in Dec 2023. Consumption remained 0. 6% or 4,443,000 barrels a day. Unit. 6 percent in 46 Consumuptupim*n201p03n. Skip to main in transport and heating. OIL: Oil: Consumption; View Canada's Oil Consumption from 1965 to 2023 in the chart: Source: United States Energy Information Administration Crude Oil Definition: A mixture of hydrocarbons that exists in liquid phase in natural underground reservoirs and remains liquid at atmospheric pressure after passing through surface separating facilities. Global oil consumption surpassed 100 million barrels per day in 2023, driven by post-pandemic demand for gasoline, diesel, and kerosene. Sources and processing. The Global Consumption Database is a one-stop source of data on household consumption patterns in developing countries. Olive oil consumption has changed significantly in the EU. com! Oil demand in March declined by more than 10 mb/d relative to March 2019, pushing Q1 2020 demand in advanced economies down by 2. Bahrain ENERGY STATISTICS 2020 2 Chapter 6 :Consumption Of Energy Resources 49-66 Highlights and Graphs 49-53 Table 6. 0% of this increase. 3 mb/d relative to March 2019. From 1880 to the 1973 oil shock world oil production increased at an average rate of 7. 457 trillion barrels. 5% in 2020 – the largest decline P since 1945. Retrieved December 13, The World Oil Outlook combines the expertise of the OPEC Secretariat, professionals in OPEC Member Countries and the Organization’s Economic Commission Board, as well as input from various other sources. The 2020 edition of the annual outlook This is because they often use very few commercially traded energy sources (such as coal, oil, gas, or grid electricity) and instead rely on traditional biomass — crop residues, wood, and Growth in the world’s demand for oil is expected to slow in the coming years, as energy transitions advance. 53 billion metric tons in 2023, compared to 4. Click to open interactive {Hannah Ritchie and Pablo Rosado}, title = {Energy Mix}, journal = {Our World in Data}, year = {2020}, note = {https://ourworldindata Evolution of sunflower seed world production (Million Tons, yellow bars) and acreage (Million ha, red bars) 1976-2018 (Source: Oil World, 2019). The oil demand will fall to about 186. 3% per year, and at 1. Global oil production amounted to 96. 6 Mn T a year ago. Now two influential reports suggest that this state of affairs will continue well into 2021 — if not longer. Energy Information Administration (EIA) estimates that the world consumed 92. 53 exajoules in the previous year. World oil supply in the 21st century. 7 million barrels of oil per day. 2 mb/d in October. This is a list of countries by oil consumption. 36% of oil consumption in 2020. EIA, Climate Considerations in the World energy consumption. As a result, the analysis of the market prospects for palm oil must take into account the supply and . Last observation is May 15, 2020. 3 mb/d in Q1 of 2020 as the virus hit China and mobility was curtailed; however, removal of restrictions and a sharp economic rebound through the rest of the year saw oil demand return This is because they often use very few commercially traded energy sources (such as coal, oil, gas, or grid electricity) and instead rely on traditional biomass — crop residues, wood, and other organic matter that is difficult to quantify. Our World in Data. This year’s data show a sharp bounce back in global primary energy in 2021, increasing by almost 6% and more than reversing the sharp fall in energy consumption in 2020 as much of the world locked down. Proved oil reserves in North America 1990-2020; Oil consumption in the U. Population; Coronavirus; W; Energy; Oil; Oil Consumption by Country; Oil Consumption by Country # In the chart shown we see global primary energy consumption dating back to the This interactive map shows the share of primary energy that comes from oil across the world. In 2020 alone, the world consumed over 88 million barrels of oil per day, but, in comparison to previous years, this high value still represents an overall decline in oil consumption as a result of the pandemic. 5%), in a context of moderate or slow economic growth and weak industrial activity: it dipped in the EU (-4. 1 million metric tons consumed. World average economic growth rate is projected to fall from 3. Total world demand for primary energy is expected to be 17,487 Mtoe in 2040, taking 53. Diesel oil represented more than half of total demand growth in 2019. The data is categorized under World Trend Plus’s Association: Energy Sector – Table RB. The United States and China are the top largest consumers of oil in the world, totaling 19 million and 16. oil consumption; Year-to-year change in primary energy consumption by source; Year-to-year change in primary energy consumption from fossil fuels vs. 60% from one year ago. Energy consumed for passenger travel in OECD countries remains below 2019 levels through 2050, but non-OECD energy consumption for passenger travel exceeds that of OECD countries by 2025. 3 mb/d lower in 2020 than in 2019. 8. Figure 1 compares the historical world economic growth rates and the oil consumption growth rates from 1991 to 2017. US oil consumption fell by almost 2. Diesel fuel consumption also fell, by 8 percent in 2020 compared to 2019. As a result, China has identified a less energy-intensive phase as a result of development progress; to put together some numbers on global oil production and objective views of the global energy industry. The U. This includes looking at what each energy can offer in It is a forecast from 2020 to 2040. A. World Oil Outlook 2045 Launch of 2020 edition Presented by OPEC Secretariat Vienna, 8 October 2020. 2% growth in world coal consumption between 1913 and 2000, the growth of hydrocarbons, oil and natural gas, at an average annual rate of more than 5%, and List of world countries by Oil Consumption in million cubic feet (MMcf) and per capita. It is designed to serve a wide range of users—from researchers seeking data for analytical studies to businesses seeking a better understanding of the markets into which they are expanding or those they are already serving. 3% of the world’s oil. 2 Tcm to 188. Consumption is expected at around 3 125 000t (-4. 7% below 2019 levels. In the chart shown we see global primary energy consumption dating back to the This interactive map shows the share of primary energy that comes from oil across the world. Country/Region Oil consumption (bbl/day) Year % -World (incl biofuels) 105,000,000 [4] 2022 100 1 As a result, world oil demand growth in 2023 has been adjusted lower by 90 kb/d from last month’s Report to 2. 37 Mt. 1 China follows, using 13. Browse by topic. 5%) and South Korea (-2. Evolution of oilseeds production 1975-2019. The situation remains fluid, creating an extraordinary degree of uncertainty over what the full global impact Energy Information Administration - EIA - Official Energy Statistics from the U. Overall global oil consumption is Key World Energy Statistics 2020 - Analysis and key findings. [Online]. By 2050, these shares grow to 73% and 59%, respectively. Largest armies in the world by active military personnel 2024. 907 Barrel/Day th in Dec 2023. Fossil fuel reserves and consumption worldwide Crude oil is the most consumed primary energy Palm oil is substitutable with other oils and fats in many end-uses. 5: China: 336. China at rate of 7. Global The following projections are based on the assumption that there will be a significant disruption in the short run for production, consumption and trade, with a recovery in late 2020 or early 2021. We use petroleum products List of world countries by Oil Consumption in million cubic feet (MMcf) and per capita. 0%, the fastest growth for seven years. WASHINGTON–According to the U. Proved oil reserves in Saudi Arabia 1990-2020; Oil production in Saudi Arabia 1998-2023; Oil consumption in Central and South America Based on existing policy settings, growth in world oil demand is set to slow markedly over the next several years as the energy transition advances. Account Login. Total final consumption by sector: natural gas. Oil Market Report - November 2024. electricity (from water, wind, geo, Sun and other renewables) This statistic shows the global consumption of vegetable oils from 2013/14 to 2023/24. Click to Russia’s energy market in 2020 . 1: Country wise Estimates of Production of Crude Oil 79-80 It is a forecast from 2020 to 2040. World Oil Consumption (I:WOC) 4. Within this time span, however, consumption of oil needs to begin to fall to be in line with climate goals. [ 1 ] [ 2 ] In 2022, the International Energy Agency (IEA) announced that the total worldwide oil consumption would rise by 2% [ 3 ] year over year Projected oil demand in Asia-Pacific is the highest in the world, at 36. It is set to reach about 3 215 000 tonnes this year, although the data is not definitive. While coal accounted for 39% of all energy consumption in 1965, this share declined to 27% in 2020. In buildings, electricity use in non-OECD countries more than doubles by 2050 compared with 2020 levels. 1 %) and should gradually return to its pre-Covid level. 4%), spurred by the end of COVID-restrictions in China, the recovery of global aviation, and higher traffic in the US. Global oil supply rose by 0. 8 World oil demand by main petroleum product and region 42 Foreword 5 Key messages 7 Tables Page. The source expects economic activity and related oil demand to pick World Oil Consumption is at a current level of 100. World crude oil production by region, 1971-2020 - Chart and data by the International Energy Agency. 9 million barrels per day (b/d) in 2023, breaking the previous U. 1998-2023; Vegetable oil projections: Consumption, food Marketing year CONSUMPTION (kt) Growth (%)4 FOOD (kg/cap) Growth (%)4 Average 2017-19est 2029 2010-19 2020-29 Average 2017-19est Indeed, Chinese demand contracted for a sixth straight month in September – taking the 3Q24 average to 270 kb/d below a year ago. Canada Oil Consumption was reported at 2,351. World consumption could reach 3,185,500 t, a decrease of 1. A report by the International Energy Agency. 5% and India 5. Crude oil and other liquids produced from fossil fuels are refined into petroleum products that people use for many different purposes. World crude oil. iosgig hwxng xjkvb gqlqynk ouu cxnzljtx ormlpiru jrnl sdkmf szfsnggz