Output continued to decline in Latin America (-0.5%, with -1.1% in Brazil) and in Africa (-5.3%), driven down by Nigeria (-11.4%). All of our charts can be embedded in any site. The Dominant Oil Producing States Impressively, 71% of total U.S. oil production came from just five states. Thats around four times higher than alternatives such as sunflower or rapeseed oil (where you get about 0.7 tonnes per hectare); and 10 to 15 times higher than popular alternatives such as coconut or groundnut oil .13. [1] In 1903, California became the leading oil-producing state in the US, and traded the number one position back-and forth with Oklahoma through the year 1930. Crude oil is a naturally occurring mixture of hydrocarbon deposits and other organic materials that exists in liquid form in underground reservoirs. All the software and code that we write is open source and made available via GitHub under the permissive MIT license. Output in 2018 helped the Middle Eastern nation regain its sixth spot position. 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. data than referenced in the text. Only 2.8% was in Indonesia, and 0.2% in Malaysia. Palm oil is unique in its versatility, meaning it is suitable for a range of foods, cosmetics, industrial applications and biofuels. How Has COVID-19 Impacted Oil Supply and Demand? Direct deforestation for palm oil played a larger role in Malaysia; 60% was driven by plantations, whilst in Indonesia it was only 16%. Thank you for subscribing. The petrochemical industry remains a pillar of growth over the forecast period. In the next section we will look at what countries produce palm oil, but here we see a map of palm oil imports. All of this demand growth relative to 2019 is expected to come from emerging and developing economies, underpinned by rising populations and incomes. Potapov, P., Hansen, M. C., Laestadius, L., Turubanova, S., Yaroshenko, A., Thies, C., & Esipova, E. (2017). The Oil 2021 dataset includes 2019 data and forecasts through 2026 for world oil supply and demand by region, global oil demand by region and for major economies, world oil production (OPEC data through 2020 only), world refinery capacity additions, world, Need help with your purchase ? This means that over the last 50 years the amount of land devoted to growing palm oil has increased a lot. 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. 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. Further fuel efficiency improvements, increased teleworking and reduced business travel, much stronger electric vehicle penetration and new policies to curb oil use in the power sector and more recycling will all be needed. What causes deforestation in Indonesia?. But if this leads to a shortfall in investment, it could also have geopolitical implications and heighten the risk of supply shortages later on. Net volumetric gains and losses in the refining process and marine transportation losses. A third wave of worldwide refinery rationalisation is currently underway. The countrys annual oil production rose to 5,558,000 bpd in 2021, up from 2020s output levels of 5,235,000 bpd. 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. Secondly, the 0.2% figure is based on intact forest loss. But we should consider this in the context of all land used to grow oilcrops. Oil and gas production from the UKCS has contributed 271 billion (2008 money) in tax revenues over the last forty years. Why does this matter? Nearly all of Canadas proven oil reserves are located in Alberta, and according to the provinces government, 97 percent of oil reserves there are in the form of oil sands. Directly accessible data for 170 industries from 50 countries and over 1 million facts: Get quick analyses with our professional research service. Who uses palm oil and what is it used for? A much stronger pivot towards a cleaner energy future will be required to reach ambitious mid-century goals for net-zero emissions. Prior to production cuts in 2020, Russian oil output had spent a number of years rising; it hit 10,778,000 bpd last year. Oil Price and Inflation: Whats the Correlation? The country possesses 17 percent of the worlds proven petroleum reserves and is the largest petroleum exporter. 3 min read. Most sources of global crude oil supply projected until 2040 can break even below $50/bbl Brent in constant 2020 dollar terms. 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. Thank you for subscribing. Oil statistics Data on UK production, trade and demand of oil by sector, including crude oil and natural gas liquids, and products including transport fuels. 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. What is it used for? Create a free IEA account to download our reports or subcribe to a paid service. Energy exports to the US account for the vast majority of Canadas total energy exports. Top of Page Print Page 2023 Organization of the Petroleum Exporting Countries Sitemap Data Policy Disclaimer Terms and Conditions In 2018, the world produced 72 million tonnes of oil palm. The top 10 countries with the highest crude oil production. In fact, only one-quarter of post-1973 plantations in the Borneo was driven by rapid conversion of this land to plantations (2021% oil-palm; 4.34.8% pulpwood). Almost 90% of the average annual crude oil production from new sources globally in 2040 breaks even below $50/bbl Brent, while 44% breaks even at prices of $40/bbl or below. World Crude Oil Production is at a current level of 81.79M, up from 81.69M last month and up from 79.04M one year ago. Venezuela's illegal . Producers from the Middle East are expected to provide half of the increase, largely from existing shut-in capacity. But as weve seen, the alternatives are not necessarily better; more sustainable palm oil (used for food, not fuel) rather than no palm oil is what we should be pushing for. To make space for more croplands and pastures, we have been displacing forests, grasslands and peatlands areas of rich biodiversity. Nigeria produces every year an . By 2026, global effective spare production capacity (excluding Iran) could fall to 2.4mb/d, its lowest level since 2016. Carlson, K. M., Heilmayr, R., Gibbs, H. K., Noojipady, P., Burns, D. N., Morton, D. C., & Kremen, C. (2018). 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 current month is updated on an hourly basis with today's latest value. The country holds less than 1% of the world's oil reserves - enough to last around 15 years. The world loses 5 million hectares of forest to deforestation each year. Interestingly enough, 2010 was also the time that Crude Oil prices plummeted because of supply and demand concerns. United Arab . Many believe that boycotting palm oil is how we make a difference. There are a number of steps we can take to ensure we meet global demand for oils, without destroying our tropical forests. Our World In Data is a project of the Global Change Data Lab, a registered charity in England and Wales (Charity Number 1186433). In 2018, the country made a slight recovery, producing 3,059,000 bpd; production fell again in 2019 to 3,017,000 bpd. Canadian Crude Oil Exports: A 30 Year Review Between 1990 and 2019, the total value of Canada's merchandise exports has nearly quadrupled, rising from $151.8 billion to $598.2 billion. Some countries use much more palm oil for biofuels than others. IEA (2021), Oil 2021, IEA, Paris https://www.iea.org/reports/oil-2021, License: CC BY 4.0. Science advances, 3(1), e1600821. 2. IUCN Oil Palm Task Force Gland, Switzerland: IUCN. 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. A situation analysis by the IUCN Oil Palm Task Force. Licenses: All visualizations, data, and articles produced by Our World in Data are open access under the Creative Commons BY license. Oil demand in 2025 is set to be 2.5 mb/d lower than was forecast a year ago in our Oil 2020 report. The rise of palm oil follows the rapid increase in demand for vegetable oils more broadly. By continuing to browse the site, you agree to our use of cookies. (2018). Read on for a look at the top 10 oil-producing countries in 2021. The authors of the original study make it clear that intact forest loss should not be confused with primary forest loss. 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. In March 2022, the US government announced a ban on imports of oil, liquefied natural gas and coal from Russia in response to the invasion of Ukraine. The rest soybean, olive, coconut, groundnut, and sesameseed used more land than they gave back in oil production. 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. Total OPEC comprises all countries which are current OPEC members. A push towards increased biofuel consumption in the transport sector has been driving this, despite it being worse for the environment than normal diesel (more on this later). It has therefore been a natural choice to meet this demand. - WSJ , Should You Invest in Oil and Gas Companies? OPEC was created at the Baghdad Conference in 1960, with founding members Iran, Iraq, Kuwait, Saudi Arabia and Venezuela. 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. 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. This indicator is measured in thousand tonne of oil equivalent (toe).Crude oil is a mineral oil . This is a change of 6.02% from one year ago. Its mission statement is as follows: Currently OPEC has 13 member nations: Algeria, Angola, Congo, Equatorial Guinea, Gabon, Iran, Iraq, Kuwait, Libya, Nigeria, Saudi Arabia, United Arab Emirates and Venezuela. Total Non-OPEC excludes all countries that are currently members of OPEC. There are only two ways in which we can produce more of a given crop: increase yields (growing more on a given amount of land) or expand the amount of land we use to grow it. 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. Production has steadily increased over time, except in the 80s when production was lessened worldwide. Minimising emissions from their core operations, notably methane, is an urgent priority. 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. Reducing tropical deforestation. Firstly, it has lowest production costs.11 Secondly, its composition means its versatile and can be used for food and non-food purposes alike: some oils are not suited for cosmetic uses such as shampoos and detergents. Output continued to decline in Latin America (-0.5%, with -1.1% in Brazil) and in Africa (-5.3%), driven down by Nigeria (-11.4%). Interactive historical chart showing the monthly level of U.S. crude oil production back to 1983 from the US Energy Information Adminstration (EIA). Stats Related Indicators World Energy Need more data? Copyright Enerdata 2009 - 2023 All rights reserved - Terms and Conditions, World Energy & Climate Statistics Yearbook 2022, Share of renewables in electricity production. This is shown for the Indonesian and Malaysian Borneo in the chart. In many cases, these can help decarbonise sectors where emissions are hardest to tackle. 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. Peeling back the labelexploring sustainable palm oil ecolabelling and consumption in the United Kingdom. If Iran remains under sanctions, keeping the world oil market in balance may require Saudi Arabia, Iraq, the UAE and Kuwait with their surplus capacity to pump at or near record highs. Using palm oil as a biofuel is worse for the environment than petrol. 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 volumes in the table do not include biofuel. The RSPO was launched in 2004, and provides certification for suppliers who produce their crop in a more sustainable way by conducting impact assessments, managing high-value areas of biodiversity, not clearing primary forest and avoiding land clearance through fires.16 For example, suppliers can only be certified if their plantations since 2005 have not replaced primary forest or areas rich in biodiversity. Oil 2021, the IEAs latest medium-term outlook, explains why. Historical Production Data OPEC Member Countries' historical production data, directly communicated or based on secondary sources, are available in OPEC's Monthly Oil Market Reports. According to the EIA, "Increased growth in pre-salt oil field production drives Brazil's crude oil production over the next decade, and exports of crude oil will likely increase as well." 8. Thats an area similar to the size of India. "}.mw-parser-output .srn-white-background{background:#fff}.mw-parser-output .static-row-numbers tr:hover{background:#eaf3ff}, Last edited on 20 February 2023, at 02:21, List of countries by natural gas production, List of countries by natural gas proven reserves, List of countries by natural gas consumption, "Annual petroleum and other liquids production", "OPEC+ not to increase oil production in April", "U.S. Crude oil production grew 11% in 2019, surpassing 12 million barrels per day", The US will be a net energy exporter by 2022, four years sooner than expected, Energy Department says, United Nations Department of Economic and Social Affairs, https://en.wikipedia.org/w/index.php?title=List_of_countries_by_oil_production&oldid=1140438968, This page was last edited on 20 February 2023, at 02:21. In the chart we see the production of the palm oil plant across a number of countries. OECD demand, by contrast, is not forecast to return to pre-crisis levels. 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