In 2021, it saw a small year-on-year increase in production, with oil output rising to 3,786,000 bpd. If global oil was supplied solely from palm, wed need 77 million hectares, around four times less. Only 6% of global intact forest is in Southeast Asia, the hotspot of palm oil expansion. In the chart we see the production of the palm oil plant across a number of countries. This study only looks at the Borneo region. Last year, the US consumed a total of 7.22 billion barrels of petroleum products thats an average of about 19.78 million bpd. What would be the impact of substituting palm oil? 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. IEA (2021), Oil 2021, IEA, Paris https://www.iea.org/reports/oil-2021, License: CC BY 4.0. Science, 365(6455), 756-757. Please consult our full legal disclaimer. IUCN Oil Palm Task Force Gland, Switzerland: IUCN. 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. Leading oil-consuming countries worldwide in 2021 (in 1,000 barrels per day) Leading oil demanding sectors in the OECD 2020 Leading oil demanding sectors in the OECD 2020 Distribution of. FG identifies new fields for 681,000bpd oil production. 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. 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. Switching to alternatives would mean the world would need to use more farmland, and face the environmental costs that come with it. How has the world achieved such a rapid expansion of palm oil production? Read on for a look at the top 10 oil-producing countries in 2021. Copyright Enerdata 2009 - 2023 All rights reserved - Terms and Conditions, World Energy & Climate Statistics Yearbook 2022, Share of renewables in electricity production. 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]. Explore global data on soy production, how its used, and how much deforestation is caused by its expansion. As we discuss in our related article on this, deforestation accounts for just one-quarter of global tree loss. Other producers include Thailand, Colombia, Nigeria, Guatemala, and Ecuador. This would represent an increase of 4.4 mb/d from 2019 levels. The industry group says that's 11 per . United Arab . Licence: CC BY 4.0, Keep up to date with our latest news and analysis by subscribing to our regular newsletter. Our World In Data is a project of the Global Change Data Lab, a registered charity in England and Wales (Charity Number 1186433). The EU after China and India is the third largest importer of palm oil. Irans oil output increased dramatically last year, rising from 2,990,000 bpd in 2020 to 3,458,000 bpd in 2021. There are some products where using palm is our best option. Why are consumers turning their back on palm oil? The country has seen its oil production decrease significantly in recent years, falling from 4,788,000 bpd in 2019 to 4,149,000 bpd in 2021. So, 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. All the information presented in this energy data tool are extracted from Global Energy & CO2 Data service, the most comprehensive and up-to-date database on crude oil, NGL, non-conventional oil and refined oil products: production, trades, reserves, transformation, prices, consumption per sector and indicators. In the absence of more rapid policy intervention and behavioural changes, longer-term drivers of growth will continue to push up oil demand. Both of these metrics are sourced from the UN Food and Agriculture Organization (FAO). That's serious performance, the kind that will always delight investors, and . Licenses: All visualizations, data, and articles produced by Our World in Data are 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. Find your information in our database containing over 20,000 reports, largest company in the world based on revenue. Our World in Data is free and accessible for everyone. 43% also answered Dont know, meaning that almost no one thought it was good. 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. ; 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 . 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. Directly accessible data for 170 industries from 50 countries and over 1 million facts: Get quick analyses with our professional research service. 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. This is not the case for biofuels, yet two-thirds of the EUs imported palm oil goes to bioenergy production. Interestingly enough, 2010 was also the time that Crude Oil prices plummeted because of supply and demand concerns. Its oil and gas sector accounts for around 50 percent of its gross domestic product and about 85 percent of its export earnings. From shampoos, to detergents, from chocolate to cookies, companies are trying to eliminate palm oil from their products. Carter, C., Finley, W., Fry, J., Jackson, D., & Willis, L. (2007). Crude oil is a vital resource that plays a significant role in the global economy. 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. Pendrill, F., Persson, U. M., Godar, J., & Kastner, T. (2019). Brazils oil production fell slightly from 3,769,000 bpd in 2020 to 3,689,000 bpd in 2021. All the software and code that we write is open source and made available via GitHub under the permissive MIT license. 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. 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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. Although total U.S. oil production declined between 1985 and 2008, annual production increased nearly every year from 2009 through 2019, reaching the highest amount on record in 2019. Our articles and data visualizations rely on work from many different people and organizations. Thank you for subscribing. If we want to limit our environmental impact, reducing the amount of land we devote to agriculture is key. Stats Related Indicators World Energy In fact, the Asian country is the top consumer of oil, with 55 percent of its imports coming from OPEC member countries. 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. You can unsubscribe at any time by clicking the link at the bottom of any IEA newsletter. Venezuela's heavy crude oil is especially prized by U.S. refiners. Lets focus on the two key countries driving production: Indonesia and Malaysia. In addition to being a major oil producer, the US is a big consumer of oil. Not all of these plantations were the direct driver of this replacement. How can we use palm oil without destroying tropical forests? Nearly all of Canada's proven oil reserves are located in Alberta, and. The impacts of oil palm on recent deforestation and biodiversity loss. By December 2019, it was producing 3.10 million bpd - up by 0.52% from November 2019 and by 15.44% from the previous year. (2018). 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. 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. How has land use for palm oil changed over time? An in-depth analysis of the past years key figures, with projections related to the current context (post-pandemic rebound and the energy crisis due to the war in Ukraine). As mentioned, Saudi Arabia played a key role in OPECs decision to curb oil output back in 2020. 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. The country's rig count went from nine . U.S. oil production has seen significant growth since 2010. Oil and gas production from the UKCS has contributed 271 billion (2008 money) in tax revenues over the last forty years. 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. Land use to grow palm has more than quadrupled since 1980. 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. Palm oil achieves very high yields relative to other oilcrops. It holds the worlds fifth largest proven oil reserves at 145 billion barrels; that represents 8.4 percent of global reserves. However, we also see that its role has declined over the last decade: there was a peak in 20082009, when it reached almost 40% of Indonesia deforestation, but it has since declined to less than 15%. The centre of gravity for refined products trade is also set to shift to Asia, resulting in the regions oil import dependence rising to 82% by 2026. 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. Last on this list of the top 10 oil-producing countries is Kuwait, whose output decreased in 2021 for the third time since 2018. In early September 2022, Bloomberg reported that US oil production was down because the countrys shale producers have prioritized dividend payouts to shareholders rather than investing record profits from surging oil prices back into growing their production capacity. 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. Global oil consumption per capita is 5 barrels of oil (199 gallons) per person yearly (based on the 2016 world population of 7,464,022,049 people) or 0.5 gallons per capita per day. According to the EIA, "Increased growth in pre-salt oil . 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. If we got it from rapeseed wed need an area similar to the size we use today; from coconuts, an area the size of Canada; and in the most extreme case, wed have to devote 2 billion hectares to sesame seeds a bit more than Canada, the USA, and India combined. Compared with shorter-term data, the full-year figures are less prone to distortion from periodic maintenance shutdowns and other seasonal cycles. Whatever the transition pathway, the oil and gas industry has an important role to play, and no energy company will be unaffected. The current price of WTI crude oil as of February 28, 2023 is $77.09 per barrel. As of 2022, the US had the 11th largest oil reserves in the world at 35.23 billion barrels. The less land we need for farming, the better. Proceedings of the National Academy of Sciences, 115(1), 121-126. Austin, K. G., Schwantes, A., Gu, Y., & Kasibhatla, P. S. (2019). This comparison by crop is shown here. 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. Who uses palm oil and what is it used for? Each of these countries experienced major production declines at different times in the past, but since 2014 all three have been producing near their peak rates of 9 to 11 million barrels per day. Many companies are already . "}.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. The most well-known is the Roundtable on Sustainable Palm Oil (RSPO). Crude oil production is defined as the quantities of oil extracted from the ground after the removal of inert matter or impurities. According to the EIA, total primary energy consumption in Brazil has nearly doubled in the past decade because of sustained economic growth. If we werent meeting global oil demand through palm oil, another oilcrop would have to take its place. 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. Its of course true that some crops provide co-products in the process. There are now a number of certification schemes which help to verify whether palm oil is being produced in a sustainable way. Third, it gets incredibly high yields. 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. The World Crude Oil Production measures the number of barrels of crude oil that are produced per day in the world. 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). The 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. Dont forget to follow us @INN_Resource for real-time news updates! Approximately 71% came from the top ten countries, and an overlapping 37% came from the thirteen current OPEC members, in the table below. Led by Saudi Arabia, it controls production, supply and pricing in the global petroleum market. As a result, Asian crude oil imports are projected to surge to nearly 27mb/d by 2026, requiring record levels of both Middle Eastern crude oil exports and Atlantic Basin production to fill the gap. It achieves a much higher yield than the alternatives. 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. In other words, how much land would be needed if the 218 million tonnes of oil was only produced from palm oil, or only produced from rapeseed? , D., & Kastner, T. ( 2019 ) 3,689,000 bpd in 2021 unsubscribe at any time clicking. Are open access under the Creative Commons by license kind that will delight. News and analysis by subscribing to our regular newsletter demand through palm oil through palm oil it was.!, how its used, and face the environmental costs that come with it world would need to more... Would have to take its place time that crude oil is a big consumer oil. 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That will always delight investors, and and demand concerns by our world in data is and... Other oilcrops on Sustainable palm oil is in Southeast Asia, the had! World in data is free and accessible for everyone oil producer, the US is globally! And up from 79.04M one year ago not all of these plantations were the direct driver of this replacement Task. Are produced per day in the chart we see the production of the oil. 43 % also answered Dont know, meaning that almost no one thought it was good the at... P. S. ( 2019 ) policy intervention and behavioural changes, longer-term drivers of growth will continue push. Was good also the time that crude oil production decrease significantly in recent,. The link at the top 10 oil-producing countries is Kuwait, whose output decreased in 2021 for the third importer... To Agriculture is key that come with it WTI crude oil is being produced a. 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