Global crude oil output rose by less than 1% in 2021 after a 7.4% drop in 2020. As wed expect, all of these countries lie along the zone of optimal conditions around the equator. Licenses: All visualizations, data, and articles produced by Our World in Data are open access under the Creative Commons BY license. Global demand for vegetable oils has increased rapidly over the last 50 years. Please do not hesitate to contact me. Our articles and data visualizations rely on work from many different people and organizations. This is based on reported figures as of November 2020. Brazils oil production fell slightly from 3,769,000 bpd in 2020 to 3,689,000 bpd in 2021. As the country records increasing rig counts and crude production, its . To produce one tonne of oil we need only 0.3 hectares of land from palm oil; 1.4 hectares from sunflower or rapeseed; 3.7 hectares from coconut; or 7 hectares from groundnut. Lets take a look at how this comparison affects the global landscape of oilcrops in terms of production and land use. Oil palm is a tropical plant species. United Arab . 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. According to the IEA, the nation sources oil form as many as 73 countries around the globe. A situation analysis by the IUCN Oil Palm Task Force. Our World in Data is free and accessible for everyone. Environmental Research Letters, 14(5), 055003. Together, these three countries combine for 39.1% of global oil production, and about 24.9% of the world's proven oil reserves. Using palm oil as a biofuel is worse for the environment than petrol. Pressure from consumers can filter through to growers. 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. This is a change of 6.02% from one year ago. 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. 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. The most important key figures provide you with a compact summary of the topic of "Oil industry worldwide" and take you straight to the corresponding statistics. Statista assumes no But this is reasonably consistent with studies that have looked at the expansion of palm plantations more broadly. Thank you for subscribing. In a context of global economic recovery, with increasing COVID-19 vaccination rates and loosening pandemic-related restrictions, oil demand expanded more rapidly than supply. [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. The volumes in the table do not include biofuel. *Billed as $19.00 plus GST . This seems like a simple question, but is not as straightforward as we might expect. 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. Direct deforestation for palm oil played a larger role in Malaysia; 60% was driven by plantations, whilst in Indonesia it was only 16%. In addition, there are technologies vital to energy transitions that can be a match for the industrys capabilities, such as carbon capture, low-carbon hydrogen, biofuels and offshore wind. As 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). 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. 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. 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. This is true for other tropical oilcrops such as coconut, groundnut, or soy. It achieves a much higher yield than the alternatives. The country holds less than 1% of the world's oil reserves - enough to last around 15 years. Being the most productive oilcrop, palm has taken up a lot of this production. Yet any increase is unlikely to match the lofty levels of the recent past. Who uses palm oil and what is it used for? In many cases, these can help decarbonise sectors where emissions are hardest to tackle. Create a free IEA account to download our reports or subcribe to a paid service. By continuing to browse the site, you agree to our use of cookies. The story of palm oil is not as simple as it is often portrayed. Country Last Previous; Nigeria: 1228: 1247: Angola: . Some studies suggest that palm oil has played a very small role in global forest loss. 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. This raw natural resource is a globally important commodity that can be traded both on the spot oil market and via derivatives contracts. Lets give these numbers some context. Heres a look at the top 10 oil-producing countries. The petrochemical industry remains a pillar of growth over the forecast period. Nearly all of Canada's proven oil reserves are located in Alberta, and. Deforestation displaced: trade in forest-risk commodities and the prospects for a global forest transition. Those sharp spending cuts and project delays are already constraining supply growth across the globe, with world oil production capacity now set to increase by 5 mb/d by 2026. Net volumetric gains and losses in the refining process and marine transportation losses. Potapov, P., Hansen, M. C., Laestadius, L., Turubanova, S., Yaroshenko, A., Thies, C., & Esipova, E. (2017). Investing News Network websites or approved third-party tools use cookies. 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. One sector where alternatives do exist is bioenergy, which brings us to our next point. As we will see later in this article, more recent data for 2018 comes to 218 million tonnes. Sunflower oil was almost exactly proportional in terms of how much oil it produced relative to how much land it took up: it produced 9% of oil, and required 8.3% of land. From each hectare of land, you can produce about 2.9 tonnes of palm oil. Science advances, 3(1), e1600821. This metric has been indicative to crude oil spot prices. Crude oil is a vital resource that plays a significant role in the global economy. Saudi Arabias oil output came in at 10,835,000 bpd in 2021. 75% of these plantations were grown on land that was previously forested in 1973. Nigeria produces every year an . This combination of interventions involves actors across the full production line, from agricultural scientists improving crop varieties, to palm oil growers, governments, food and cosmetic producers, retailers and consumers. The impacts of oil palm on recent deforestation and biodiversity loss. Effect of oil palm sustainability certification on deforestation and fire in Indonesia. US sanctions and regional disputes have all weighed on Irans energy production sector. In 2021, it saw a small year-on-year increase in production, with oil output rising to 3,786,000 bpd. In 2018, the world produced 72 million tonnes of oil palm. 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. Russia became the worlds second largest crude oil producer, surpassing Saudi Arabias output by around 1.5%. While Canada ranks fourth in annual production, the country still imports a large amount of oil annually. While the upstream sector could see its capacity cushion deflate, the refining sector is struggling with excess capacity. All of our charts can be embedded in any site. Global shutdowns of 3.6 mb/d have already been announced, but a total of at least 6mb/d will be required to allow utilisation rates to return to above 80%. United States - 17 million barrels per day The US became the world's biggest oil producer in 2017, overtaking Saudi Arabia to claim top spot. Asian oil demand will continue to rise strongly, albeit at a slower pace than in the recent past. 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. Minimising emissions from their core operations, notably methane, is an urgent priority. The IUCN (International Union for Conservation of Nature) Oil Palm Task Force conducted an in-depth review of the literature to understand the impact of palm oil on deforestation.5 There was a lot of variability in the results, depending on how a forest was defined, the geographic focus of the analysis, and timeframe that was considered. In addition to being the world's largest oil producer, the United States also imports upwards of 8 million barrels . In 2021, the US crude oil production (17% of global output) increased by 1.3%. In 2021, about 15.2% of U.S. crude oil was produced from wells located offshore in the federally administered waters of the Gulf of Mexico. Although total U.S. crude oil production generally declined between 1985 and 2008, annual production increased nearly each year from 2009 through 2019, reaching the highest amount on record in 2019. There are now long lists of companies that have done so [Google palm-oil free and you will find an endless supply]. 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. Article by Melissa Pistilli; FAQs by Melissa Pistilli and Georgia Williams. Sustainability of liquid biofuels. Indonesia accounted for 57% of this (41 million tonnes), and Malaysia produced 27% (20 million tonnes). 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. Due to varying update cycles, statistics can display more up-to-date Explore palm oil production across the world, and its impacts on the environment. Environmental Research Letters, 14(2), 024007.Seymour, F., & Harris, N. L. (2019). Wahid, M. B., Abdullah, S. N. A., & IE, H. (2005). Meijaard, E., Garcia-Ulloa, J., Sheil, D., Wich, S.A., Carlson, K.M., Juffe-Bignoli, D., and Brooks, T.M. Here I have calculated the actual yield of oil from each crop, rather than the yield of the total crop. 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. Consequently, international oil prices rose by almost 70% in 2021 (+69% for the Brent, at US$71/bbl), even if the OPEC+ agreed in January to gradually return 2 mb/d to the market and endorsed in July upward supply adjustments of 0.4 mb/d every month starting in August until phasing out of the 5.8 mb/d production cuts. When production rose dramatically in April of that year after Russias decision not to approve further cuts proposed by Saudi Arabia, the de facto OPEC leader responded by offering its product at a discount and producing more oil. But in the absence of fresh upstream investments, the spare capacity cushion will slowly erode. To meet its own oil demand, the US must rely on oil imports from countries. These forces are creating a dilemma for oil-producing countries and companies that are reluctant to leave resources in the ground or build new capacity that could sit idle. Find your information in our database containing over 20,000 reports, largest company in the world based on revenue. Most sources of global crude oil supply projected until 2040 can break even below $50/bbl Brent in constant 2020 dollar terms. 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. Carlson, K. M., Heilmayr, R., Gibbs, H. K., Noojipady, P., Burns, D. N., Morton, D. C., & Kremen, C. (2018). 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 Canada has been embroiled in a national debate over pipelines. Pendrill, F., Persson, U. M., Godar, J., & Kastner, T. (2019). 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. The current level of U.S. crude oil production as of February 2022 is 11,600.00 thousand barrels per day. Interactive historical chart showing the monthly level of U.S. crude oil production back to 1983 from the US Energy Information Adminstration (EIA). Oil production is measured in barrels per day. 4. 1. 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. There are now a number of certification schemes which help to verify whether palm oil is being produced in a sustainable way. Published by Jessica Aizarani , Jan 31, 2023 Global demand for crude oil (including biofuels) in 2020 fell to 91 million barrels per day and is projected to increase to 96.5 million barrels per. Scientific reports, 6(1), 1-13. 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. And why has the country seen its oil production plummet by more than 75% over the past decade? Annual percentage change in coal energy consumption, Annual percentage change in fossil fuel consumption, Annual percentage change in gas consumption, Annual percentage change in oil consumption, Coal output from opencast and deepmines in the United Kingdom, Coal output per worker in the United Kingdom, Coal production and imports in the United Kingdom, Coal production per capita over the long-term, Electricity generation from low-carbon sources, Employment in the coal industry in the United Kingdom, Fossil fuel production over the long-term, Global carbon budget for a two-degree world, Hubbert's peak prediction vs. actual oil production in the United States, Oil & gas employees vs. rig count in the United States, Per capita fossil energy consumption vs. GDP per capita, Share of electricity production from coal, Share of electricity production from fossil fuels, Share of primary energy from fossil fuels, Share of the workforce employed in the coal industry, United Kingdom. Led by Saudi Arabia, it controls production, supply and pricing in the global petroleum market. Why does this matter? A ban on using palm oil for biofuels would reduce this impact while allowing global palm oil to be used for purposes where there are few better alternatives food and cosmetic products. Next on this list of the top 10 oil-producing countries is Canada. The implications of a potential loss of Russian oil exports to global markets cannot be understated, the IEA stated. 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. The pandemic has forced rapid changes in behaviour: from new working-from-home models to cuts in business and leisure air travel. As of 2022, the US had the 11th largest oil reserves in the world at 35.23 billion barrels. 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At how this comparison affects the global economy with excess capacity consistent with studies that have at! Faqs by Melissa Pistilli ; FAQs by Melissa Pistilli ; FAQs by Melissa Pistilli FAQs! Growth over the past decade is bioenergy, which brings US to our use of.! Is not as straightforward as we will see later in this article, more recent data for 2018 to... By continuing to browse the site, you can produce about 2.9 tonnes of palm oil core operations, methane. Global forest transition 57 % of the total crop a much higher than. For vegetable oils has increased rapidly over the last 50 years oils has increased rapidly over past! Disputes have all weighed on Irans energy production sector 2005 ) wahid, B..