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 oils contribution to deforestation which has greater environmental impacts than degradation would be higher. Secondly, the 0.2% figure is based on intact forest loss. The last frontiers of wilderness: Tracking loss of intact forest landscapes from 2000 to 2013. 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. 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. ; The United Kingdom consumes 1.00 gallons of oil per capita every day (based on the 2016 population of 66,297,944 people), or 366 gallons per capita per . Potapov, P., Hansen, M. C., Laestadius, L., Turubanova, S., Yaroshenko, A., Thies, C., & Esipova, E. (2017). Read on for a look at the top 10 oil-producing countries in 2021. All of this demand growth relative to 2019 is expected to come from emerging and developing economies, underpinned by rising populations and incomes. As weve discussed, substituting palm oil with alternatives can do more harm than good. 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. The story of oil production in California began in the late 19th century. In 2021, the United States, Russia, and Saudi Arabia were the three largest crude oil producers, respectively. Palm oil is unique in its versatility, meaning it is suitable for a range of foods, cosmetics, industrial applications and biofuels. Explore global data on soy production, how its used, and how much deforestation is caused by its expansion. Show Recessions The industry group says that's 11 per . There are some products where using palm is our best option. Compared with shorter-term data, the full-year figures are less prone to distortion from periodic maintenance shutdowns and other seasonal cycles. Currently the world devotes around 322 million hectares to oilseed crops. 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. The story of palm oil is less about it as an isolated commodity, but more about the story of the rising demand for vegetable oils. 1. The country holds the worlds eighth largest proven oil reserves at 98 billion barrels, with most of those reserves located in Abu Dhabi. Our World In Data is a project of the Global Change Data Lab, a registered charity in England and Wales (Charity Number 1186433). [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. Increased crop yields. Some countries use much more palm oil for biofuels than others. The United Arab Emirates is an OPEC member, and has ranked among the world's top 10 oil-producing countries for decades. Asian oil demand will continue to rise strongly, albeit at a slower pace than in the recent past. Our World in Data is free and accessible for everyone. Environmental Research Letters, 14(1), 014001. 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. 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. In recent years, the global oil market has been impacted significantly by COVID-19 disruptions, price wars between oil-producing nations and now the Russia/Ukraine war. Against this backdrop, it is hardly surprising that upstream investments and expansion plans have been scaled back. 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. Founded in 1960, OPEC, or the Organization of the Petroleum Exporting Countries, is a group of 13 countries headquartered in Vienna, Austria. 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. Lets take a look at how this comparison affects the global landscape of oilcrops in terms of production and land use. In April 2022, Brazil was reportedly in discussions with the US to increase its oil production in response to Russias war in Ukraine. 19 million hectares might sound like a lot of land. An effective and orderly transition will be critical not only to reach international climate targets but also to prevent serious supply disruptions and destabilising price volatility along the way. Values shown are in thousands of barrels produced per day. 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). (2018). Carlson, K. M., Heilmayr, R., Gibbs, H. K., Noojipady, P., Burns, D. N., Morton, D. C., & Kremen, C. (2018). Together, these three countries combine for 39.1% of global oil production, and about 24.9% of the world's proven oil reserves. We can look at this in terms of the amount of land we would need if total global demand for vegetable oil was met from a single crop alone. In 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. The less land we need for farming, the better. The current month is updated on an hourly basis with today's latest value. China is the worlds most populous country and has a rapidly growing economy, factors that have driven its high overall energy demand. Substitution would be feasible for most food products. In the worldwide oil industry, an. Ocado, an online UK retailer is just one example. Canada has been embroiled in a national debate over pipelines. The World Crude Oil Production measures the number of barrels of crude oil that are produced per day in the world. Securities Disclosure: I, Georgia Williams, hold no direct investment interest in any company mentioned in this article. This is now 35 times higher: in 2018 the world produced 71 million tonnes. Global production increased ten-fold since the 1960s from 17 to 170 million tonnes in 2014. But, most of the research concludes that, particularly in tropical forests in Southeast Asia, palm expansion has played a significant role. As the country records increasing rig counts and crude production, its . The United States. 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. Third, it gets incredibly high yields. IEA (2021), Oil 2021, IEA, Paris https://www.iea.org/reports/oil-2021, License: CC BY 4.0. The country holds less than 1% of the world's oil reserves - enough to last around 15 years. In fact, the Asian country is the top consumer of oil, with 55 percent of its imports coming from OPEC member countries. How can we use palm oil without destroying tropical forests? Create a free IEA account to download our reports or subcribe to a paid service. Retailers know that this is becoming an important driver of consumer choices. *Billed as $19.00 plus GST . Help us do this work by making a donation. But in the absence of fresh upstream investments, the spare capacity cushion will slowly erode. This is not the case for biofuels, yet two-thirds of the EUs imported palm oil goes to bioenergy production. Licence: CC BY 4.0, Keep up to date with our latest news and analysis by subscribing to our regular newsletter. In 2018, the world produced 72 million tonnes of oil palm. In the map we see the distribution of production across the world. Why does this matter? Now into 2022, Russias aggressive war against Ukraine has sent oil prices skyrocketing. 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. 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. Venezuela's . Production edged just above 17 million bpd in 2019, giving the US an 18% share of the entire global output. OECD demand, by contrast, is not forecast to return to pre-crisis levels. Effect of oil palm sustainability certification on deforestation and fire in Indonesia. The United Arab Emirates accounts for 5.6 percent of global total reserves. [2] As of 2022, California produced 3% of the crude oil of the nation, behind Texas, New Mexico, North Dakota . 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 In 1970, the world was producing only 2 million tonnes. 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. Ostfeld, R., Howarth, D., Reiner, D., & Krasny, P. (2019). PloS one, 11(7), e0159668. But we should consider this in the context of all land used to grow oilcrops. Ethane, LPG and naphtha together account for 70% of the projected increase in oil product demand to 2026. Consumer demand for sustainable palm oil puts pressure on food and cosmetic companies to source from certified suppliers, and ultimately rewards the most sustainable growers. Some studies suggest that palm oil has played a very small role in global forest loss. It achieves a much higher yield than the alternatives. Peeling back the labelexploring sustainable palm oil ecolabelling and consumption in the United Kingdom. Led by Saudi Arabia, it controls production, supply and pricing in the global petroleum market. Indonesia and Malaysia account for 63% of global land use for palm. Brazils oil production fell slightly from 3,769,000 bpd in 2020 to 3,689,000 bpd in 2021. As a result, by 2026, global oil consumption is projected to reach 104.1mb/d. In 2021, it saw a small year-on-year increase in production, with oil output rising to 3,786,000 bpd. Oil production is measured in barrels per day. As of 2022, the US had the 11th largest oil reserves in the world at 35.23 billion barrels. In the absence of stronger policy action, global oil production would need to rise 10.2mb/d by 2026 to meet the expected rebound in demand. Global palm yields have increased over time, but far short of the increase in demand. Many companies are already . All of our charts can be embedded in any site. The global economy and oil markets are recovering from the historic collapse in demand caused by the coronavirus (Covid-19) pandemic in 2020. One study suggests that palm oil is responsible for around 2% of global tree loss.6 Another suggests it is responsible for only 0.2% of intact forest loss.7 This seems very low. Top 5 Canadian Oil and Gas Dividend Stocks in 2022. This is shown in green in the chart. Get in touch with us. US sanctions and regional disputes have all weighed on Irans energy production sector. According to the EIA, total primary energy consumption in Brazil has nearly doubled in the past decade because of sustained economic growth. Number one on this list of the top 10 oil-producing countries is the US. 2023 Gold Outlook: Australia Edition. The implications of a potential loss of Russian oil exports to global markets cannot be understated, the IEA stated. Fast-evolving government plans to accelerate transitions towards a more sustainable future have created a high degree of uncertainty that is testing the oil industry. This is a change of 0.39% from last month and 5.06% from one year ago. Increase companies sourcing from suppliers with sustainability certification. The authors of the original study make it clear that intact forest loss should not be confused with primary forest loss. Small amounts of palm oil are grown in many countries, but the global market is dominated by only two: Indonesia and Malaysia. Oil palm. Get the best reports to understand your industry, Crude oil industry of the Gulf Cooperation Council. Please consult our full legal disclaimer. 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. These distinctions on how quickly palm oil plantations replaced forests make it difficult to give a clear, single number on how much deforestation it has caused. If global oil was supplied solely from palm, wed need 77 million hectares, around four times less. Firstly, they measure forest loss, which combines both permanent deforestation (where trees do not regrow) and forest degradation (which is a temporary thinning of forests with subsequent regrowth). The Dominant Oil Producing States Impressively, 71% of total U.S. oil production came from just five states. Its oil and gas sector accounts for around 50 percent of its gross domestic product and about 85 percent of its export earnings. Please refer to thecookie policy for collected data, privacy and GDPR compliance. 3. Sustainability of liquid biofuels. U.S. oil production has seen significant growth since 2010. To demonstrate this, lets turn crop yields on its head and look at the inverse: the area of land you would need to produce one tonne of vegetable oil. Global demand for vegetable oils has increased rapidly over the last 50 years. Figure 7. That's serious performance, the kind that will always delight investors, and . 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. World Crude Oil Production by Year (Thousand Barrels per Day) Product Crude Oil Natural Gas Liquids Motor Gasoline Jet Fuel Kerosene Distillate Fuel Oil Residual Fuel Oil Liquefied Petroleum Gases Other Petroleum Products Dry Natural Gas Coal Ethanol Fuel Biodiesel Total Primary Energy Electricity Hydroelectric Power Nuclear Electric Power Why are consumers turning their back on palm oil? 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. Sharp drop in crude oil production in the United Kingdom. While Canada ranks fourth in annual production, the country still imports a large amount of oil annually. Last year, the US consumed a total of 7.22 billion barrels of petroleum products thats an average of about 19.78 million bpd. Energy stocks outperformed last year, with the sector generally gaining 59% in a year when the S&P 500 dropped 19%. 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. Is palm oil responsible for deforestation? 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. Our World In Data is a project of the Global Change Data Lab, a registered charity in England and Wales (Charity Number 1186433). The world consumes 35,442,913,090 barrels of oil as of the year 2016, equivalent to 97,103,871 barrels per day. 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. In 2021, total upstream investment is expected to rise only marginally. A pathway to net-zero emissions globally by 2050 would require an even sharper decrease. You can unsubscribe at any time by clicking the link at the bottom of any IEA newsletter. What this means is that it accounts for a very high share of oil production without taking up much land. This indicator is measured in thousand tonne of oil equivalent (toe).Crude oil is a mineral oil . 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The US also consumes more oil than any other country worldwide. Crude oil production is defined as the quantities of oil extracted from the ground after the removal of inert matter or impurities. Copyright Enerdata 2009 - 2023 All rights reserved - Terms and Conditions, World Energy & Climate Statistics Yearbook 2022, Share of renewables in electricity production. 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. 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. According to the 2022 BP Statistical Review of World Energy, Venezuela has more proved oil reserves than any other country in the world. The EU after China and India is the third largest importer of palm oil. Given these and other recent market events, many investors are curious to know which countries produce the most oil, and may be able to fill the gap if the west places further sanctions on Russia. 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. Interestingly enough, 2010 was also the time that Crude Oil prices plummeted because of supply and demand concerns. Austin, K. G., Schwantes, A., Gu, Y., & Kasibhatla, P. S. (2019). Rapid conversions and avoided deforestation: examining four decades of industrial plantation expansion in Borneo. All the software and code that we write is open source and made available via GitHub under the permissive MIT license. Energy exports to the US account for the vast majority of Canadas total energy exports. Visit our This comparison is shown in the chart.12 Palm oil stands out immediately. World crude oil price vs. oil consumption. Thank you for subscribing. Gaveau, D. L., Sheil, D., Salim, M. A., Arjasakusuma, S., Ancrenaz, M., Pacheco, P., & Meijaard, E. (2016). Our articles and data visualizations rely on work from many different people and organizations. This is shown for the Indonesian and Malaysian Borneo in the chart. 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. From each hectare of land, you can produce about 2.9 tonnes of palm oil. The country's rig count went from nine . (2016). But the Top 3 oil producers in 2021 were the U.S. at 11.1 million barrels per day (BPD), Russia at 10.5 million BPD, and Saudi Arabia at 9.4 million BPD. 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. Although production is focused in only a few countries across the tropical belt, we see that palm oil is an important product across the world. There are now long lists of companies that have done so [Google palm-oil free and you will find an endless supply]. Russia became the worlds second largest crude oil producer, surpassing Saudi Arabias output by around 1.5%. This comparison by crop is shown here. Get stock market quotes, personal finance advice, company news and more. To do this effectively, understanding for consumers has to be clearer. 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 comparison is shown in the chart. And yet, there may be no return to normal for the oil market in the post-Covid era. Palm oil production has grown to meet rising demands for vegetable oils. But would the alternatives have fared any better? 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. Licenses: All visualizations, data, and articles produced by Our World in Data are open access under the Creative Commons BY license. 114K subscribers This video ranks the top 15 countries in the world by oil production from 1965 to 2018. In 2021, the US crude oil production (17% of global output) increased by 1.3%. In many cases, these can help decarbonise sectors where emissions are hardest to tackle. Download Data (XLS File) DOWNLOAD Thousand Barrels U.S. Field Production of Crude Oil U.S. Field Production of Crude Oil 1920 1930 1940 1950 1960 1970 1980 1990 2000 2010 2020 0 100,000 200,000 300,000 400,000 500,000 Data source: U.S. Energy Information Administration. But its also true that alternative oils are not always suitable for the products we need. This is a change of 6.02% from one year ago. From shampoos, to detergents, from chocolate to cookies, companies are trying to eliminate palm oil from their products. Its output increased by 266,000 bpd from its 2020 level to reach 18,875,000 bpd last year. These reports can be viewed here. Gasoline demand is unlikely to return to 2019 levels, as efficiency gains and the shift to electric vehicles eclipse robust mobility growth in the developing world. This is an extract, full report available as PDF download, Use of IEA data in any type of modelling for the purpose of creating derived data or derived products, and any services to distribute or display such derived products, requires a separate License Agreement with the IEA (see help centre), Find out about the world, a region, or a country, Find out about a fuel, a technology or a sector, Explore the full range of IEA's unique analysis, Search, download and purchase energy data and statistics, Search, filter and find energy-related policies, Shaping a secure and sustainable energy future, Clean Energy Transitions in Emerging Economies, Digital Demand-Driven Electricity Networks Initiative. But there are a couple of caveats to these figures. Science, 365(6455), 756-757. Output in 2018 helped the Middle Eastern nation regain its sixth spot position. However, we might argue that this oversimplifies the comparison to more temperate crops: it assumes the environmental impact of devoting one hectare of land for sunflower seeds in Europe is the same as cutting down tropical rainforests to grow palm or coconut plantations. In the chart we see the breakdown of global vegetable oil production in 2018. Coconut oil, for example, provided only 1.4% of global oil but required 3.6% of the land. To meet its own oil demand, the US must rely on oil imports from countries. In the chart here we see the drivers of deforestation in Indonesia from 2001 to 2016.8 Oil palm plantations were the largest driver of deforestation over this period, accounting for 23%. We can compare crops in terms of their yields how much oil we can produce from one hectare of land. Oil demand in 2025 is set to be 2.5 mb/d lower than was forecast a year ago in our Oil 2020 report. So, how much of palm oils expansion has really come at the expense of forests? Many online grocery stores now offer the option to apply a palm-oil free filter when browsing their products.2. 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. We can simply calculate this as 1 / Yield (in tonnes per hectare). The rise of palm oil follows the rapid increase in demand for vegetable oils more broadly. Like most oil-producing countries, Brazil's oil exports decreased in recent months, due to the lower global demand. Finally, with some pressure from the US, Russia and OPEC finally came to an agreement to cut production by 9.7 million barrels per day (bpd) the single largest output decrease in history. Whatever the transition pathway, the oil and gas industry has an important role to play, and no energy company will be unaffected. The volumes in the table represent crude oil and lease condensate, the hydrocarbon liquids collected at or near the wellhead. 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. 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]. Once extracted from the Earth, crude oil is refined to make several products, including gasoline, jet fuel and other petroleum products such as kerosene, paraffin, petrochemical feedstocks, solvents and lubricants. Twelve of the most important oil-producing countries are listed in Table 2.3, together with their annual output from 2007 to 2011 (in units of million barrels per day, 10 6 bbl d 1 ), 1 and their percentage contribution to the world total. At the end of 2018, the state-owned Kuwait Petroleum Corporation announced its intention to increase oil production to 4mbbl/day by 2020, through an investment plan worth approximately $115bn. 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. By 2026, global effective spare production capacity (excluding Iran) could fall to 2.4mb/d, its lowest level since 2016. data than referenced in the text. If we want to reduce agricultural expansion, we want to maximise crop yields through effective management practices, improved varieties and choosing the most productive areas of land. 5.6 percent of its imports coming from OPEC member, and how much we... Proven oil reserves than any other country worldwide: CC by 4.0, Keep up to date our! Production across the world 's top 10 oil-producing countries, but far short of the projected increase in production the. 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The number of barrels of oil palm sustainability certification on deforestation and fire in.! # x27 ; s rig count went from nine for everyone the 0.2 figure. Story of oil production in response to Russias war in Ukraine one hectare of land small role in global loss! Google palm-oil free and accessible for everyone news and more 18,875,000 bpd last year, US! Ranks fourth in annual production, with most of the year 2016, equivalent 97,103,871! Imports a large amount of oil production has seen significant growth since 2010 liquids! Equivalent to 97,103,871 barrels per day 2021 ), e0159668 from palm, wed 77!, total primary energy consumption in Brazil has nearly doubled in the United Arab Emirates is an OPEC,! An OPEC member countries by 2050 would require an even sharper decrease 50! Kind that will always delight investors, and has a rapidly growing economy, that. Our this oil production by country last 10 years is shown in the late 19th century among the world its earnings... Its gross domestic product and about 85 percent of its export earnings their products the transition pathway the! Global landscape of oilcrops in terms of production and land use indicator is measured thousand... To 2013 full-year figures are less prone to distortion from periodic maintenance shutdowns and other cycles. Retailers know that this is not forecast to return to normal for the oil in! To apply a palm-oil free and accessible for everyone month is updated on an hourly basis with &! Of intact forest loss how its used, and articles produced by our world data! Oil is a change of 6.02 % from last month and up from 81.34M last and. Top 5 Canadian oil and gas sector accounts for a look at how this affects. Yet two-thirds of the top 10 oil-producing countries, Brazil & # x27 ; s oil reserves - to. Historic collapse in demand caused by its expansion oil-producing countries, but far short of the projected increase in for! 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Government plans to accelerate transitions towards a more sustainable future have created high... In fact, the 0.2 % figure is based on intact forest landscapes from 2000 to 2013 palm....