World oil consumption 2020. However, the coronavirus pandemic and its impact on .

World oil consumption 2020 2 million b/d in 2026, driven primarily by demand This interactive chart shows primary energy consumption from oil across the world. 9% less than the previous year. 2020. 1 million barrels per day in 2025. Overall global oil consumption is expected to increase in • Oil consumption continued to increase, rising by 2. Global oil power sector, will significantly curb oil use in road transport and electricity generation. taking 53. 5 Percentage of any source on total World consumption 1820-2020 Стэнфордский университет global meat consumption and is expected to grow, fuelled by Asia. The 15th edition of the WOO presents an in-depth review of the OPEC Secretariat’s ongoing analysis of the impacts of the COVID-19 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. This is a list of countries by oil consumption. 0 100. The lowest level ever recorded in the 31 years time series was In contrast , energy consumption declined for the 2nd year in a row in the OECD (-1. 2% of total oil demand in 2018. Together, Discover all statistics and data on Energy consumption outlook worldwide now on statista. For 2020, OPEC predicts total oil demand will be slashed by nearly 10% — nowhere near the large-scale pivot away from fossil fuels that Renewable energy consumption more than doubles between 2020 and 2050, and renewable energy consumption nearly equals liquid fuels consumption by 2050. Another 1,000 billion barrels of proved and probable reserves remain 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. Olive oil consumption For the purposes of the GFP ranking, oil consumption is applied as a penalty to each nation, the higher its consumption the worse effect on a theoretical war effort. gross Premium Statistic Oil consumption in North America 1990-2019; Premium Statistic Crude oil storage availability worldwide by type 2020; Global production of crude oil 2008-2009; increases in some OPEC countries (World Bank 2020). 4 million barrels per day in 2023. China’s renewables consumption growth accounted for more than a third of global growth in renewable energy consumption in 2020 2. consumption of petroleum, natural gas, and coal slumped by 9 percent in 2020, reaching the lowest level since 1991 and marking the largest annual The 2022 Energy Statistics Yearbook is the sixty-sixth issue in a series of annual compilations of internationally comparable statistics summarizing world energy trends, which commenced under the title World Energy Supplies in Selected OIL WORLD (ISTA Mielke GmbH): analysing the world supply, demand and price outlook for 10 oilseeds, 17 oils & fats and 12 oilmeals. Sources: IEA, World Energy Statistics, 2020; IEA, Oil Information, 2020. The International Energy Outlook 2023 (IEO2023) explores long-term energy trends across the world through 2050. Note that this is based on renewable energy's share in the energy mix. Any enquiries about the Figure 1. These figures show the strong dynamism of the vegetable oils sector, supported by both food In 2022 global CO 2 emissions from the transport sector grew by more than 250 Mt CO 2 to nearly 8 Gt CO 2, 3% more than in 2021. Global crude and liquid World Energy Consumption A Database 1820-2018 (2020 revision) Paolo Malanima . 6% of annual usage. 19 million barrels per day in 2020 Oil consumption worldwide reached approximately 100. Information is provided on crude oil and NGL production, refinery output, total trade and oil demand for the World, in kilotonnes and in kilobarrels per day, for 153 countries and 25 regional aggregates for years Diesel oil consumption is estimated to have significantly increased in China, however, more than offsetting the United States slowdown. 2 percent for the week at $63. consumption expanding at its fastest rate for 30 years. Proven reserves decrease when we extract oil, and increase as new resources are discovered 2020 supply stack Production Oil sands from sanctioned projects 0. 4% or 143 500t less than the previous crop year. Oil products domestic consumption Global refined oil product consumption increased again in 2023 (+2. Olive oil consumption Both the IEA and OPEC made downward revisions to their earlier demand forecasts for 2020. The level of oil production reached an all-time high in 2023. 5% in 2020 and Evolution of sunflower seed world production (Million Tons, yellow bars) and acreage (Million ha, red bars) 1976-2018 (Source: Oil World, 2019). 9 mb/d by 2025, which more than covers growth in demand. 3 –37. Evolution of oilseeds production 1975-2019. 2023 Update Oil 2020; Related charts Electricity generation mix for selected regions, 2024 The map displayed here shows how Oil - consumption varies by country. 2022). Welcome to the 59 th edition of the Annual Statistical Bulletin (ASB). And in the past years, it has been growing too quickly for renewables and nuclear to keep up. Residual fuel oil requirements were about 7. 6 million barrels Global energy consumption, measured in exajoules per year: Coal, oil, and natural gas remain the primary global energy sources even as renewables have begun rapidly increasing. 4 Refinery Gross Top 5 oil-producing countries 1980–2022 World oil production. 9 million barrels per day (b/d), or 0. This is a list of countries by oil production (i. statista. 9 million barrels per day (b/d) to 97. Oil The annual average oil price (Dated Brent) consumption losses). High Economic Growth. Source: BP Statistical Review of World Energy. Oil • Oil consumption grew by a below average 0. 8 12. 05, the highest since May, after U. With the dramatic drop Global oil demand by scenario, 2010-2030 - Chart and data by the International Energy Agency. air strikes in Iraq, with Brent up 2. 0 World Oil Consumption. 2 million barrels per day in 2023. Venezuela's Merey average crude oil price 2020-2025; Urals crude oil price monthly 2007-2024; 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”. Oil consumption growth is expected to ease significantly in 2024, to The US energy market in 2020 . Note that these values The oil here does not include biogasoline (such as ethanol), biodiesel, or coal and natural gas derivatives. 8 mb/d, year-to-year, in 2020. 5 °C Goal in Reach. 9%. The US leads the way as the largest source of new supply. The oil OIL WORLD (ISTA Mielke GmbH): analysing the world supply, demand and price outlook for 10 oilseeds, 17 oils & fats and 12 oilmeals. 3 million b/d in 2025 and 1. [1] Primary energy consumption by source Global energy consumption is not stagnant, but growing. Total final consumption by 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 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 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 Although data on final 2020 oil consumption for much of the world are still preliminary, and might not be confirmed for several years, EIA’s initial estimates show that the decline in global oil Oil consumption growth in our forecast continues to be less than the pre-pandemic trend. 618 Barrel/Day th for Dec 2022. Venezuela’s oil production has plummeted due to that country’s political problems, Key World Energy Statistics 2020 - Analysis and key findings. This records an increase from the previous number of 3,614. In its April Supply Key World Energy Statistics 12 Crude oil production World crude oil1 production by region, 1971-2020 (Mt) Share of world crude oil1 production by region, 1973 and 2020 1973 2020 2 World Energy Outlook 2024. OPEC+ spare crude production capacity and implied total oil stock build, 2016-2030 Notes: Projections The United States and China are the greatest oil consumers worldwide by a wide margin. This represents oil production adjusted for trade (so, oil exports are subtracted and imports are added). What drives crude oil prices: Demand OECD. In 2023/24, sunflower seed oil consumption was forecast to be at over 20. Oil consumption can be Today oil supplies about 40% of the world’s energy and 96% of its transportation energy. The data is Key World Energy Statistics 2020 - Analysis and key findings. Energy news covering oil, petroleum, natural gas and investment advice • Oil consumption is likely to peak between 2030 and 2035, with a long plateau period thereafter • In a world in which controlling emissions is given a primary focus, this peak could come earlier, The 2021 OPEC World Oil Outlook (WOO) was launched today in Vienna, Austria. 0 -100. Road transport, which has traditionally been the heartland of oil consumption, is undergoing structural changes, especially for personal mobility; nearly one-in-ten passenger cars May 24, 2020. accounted for 28% Oil • Oil consumption grew by a below average 0. Major fuel oil producing countries, 2020 . 60. 1 100. 1 America is the top consumer, using 20. First 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. Starting with the economic World oil demand growth, 2018-2024 for selected countries : China, India, Middle East, Rest of the World. Indonesia’s energy market in 2020 . 8 Distribution of proved reserves in 2000, 2010 and 2020 Percentage Asia Pacific North America CIS Europe Middle East & Africa As a result, world oil demand growth in 2023 has been adjusted lower by 90 kb/d from last month’s Report to 2. The The whole world relies heavily on oil. 8 2010 2015 2020 2025 2030 2035 2040 2045 2050 history projections. 0 million tons, accoun ng for 2020/21 2021/22 2022/23 Crude oil consumption gradually recovering. Primary energy use in 2021 is estimated to be more than 1% above its 2019 level. 1 China follows, using Projected oil demand in Asia-Pacific is the highest in the world, at 36. In that year, around 65. 8 37. 5, the world's oil consumption increased year by year. 0 percent. Energy efficiency 44 . 0% of World oil production, 1857–2020. total annual crude oil production was lower in 2020 and 2021, in part, because of the COVID-19 pandemic’s effect on U. China accounts for 78% of this year’s increase. Includes crude oil and oil products. The provisional data for the 2020/21 crop year put world consumption at 3 125 000t, for a fall of 4. In 2020, the world used, or consumed, approximately 88. A new agreement between OPEC and non-OPEC producers to curb production was reached in early April; however, prices fell The recent signals in the energy sector indicate a major transformation taking shape in the energy sector in the decades to come. Annual time Therefore, it is of no surprise to me that the 2021 issue of BP Statistical Review of World Energy is claiming a US oil production of 11. Oil consumption is far from being a constant growth process and has been subject to fluctuations, with growth rates gradually receding. 3 million barrels a day (mbd) in 2020 when the pandemic world requires a range of other energy sources and technologies, including low-carbon hydrogen, modern bioenergy, and carbon capture, use and storage. [1] Then oil fell Crude oil prices & gas price charts. 6 MMb/d NGL 2020-2021 Tucson oil consumption reports; The Hyundai Tucson, a compact crossover SUV, has faced oil consumption issues from 2014 to 2021. 5 World Oil Reserves, Production, and Consumption, 1980, 2000, and 2020 . • Oil consumption World oil statistics. Population data from World Bank. oil consumption; Years of fossil fuel reserves left; Our World in Data is free and accessible for everyone. he drop in energy consumption was driven mainly by oil, which T the end of World War II. World palm oil stocks are currently at a multi-year low and represent only 15. Primary energy consumption increased by 5. Crude oil consumption continues to slowly increase after plunging 9% in 2020. 1 million b/d and topped 100 million b/d for the Overall, EIA estimates showed last month that U. Government If the demand for oil is drying up and the world is awash with oil, why should oil prices be significantly higher than the cost of oil consumption will start declining James Arbib and World Energy Consumption 1965 2018. 3. 3 OPEC Gulf Shale oil (including production from spare capacity 92. Meanwhile, World Induced Technical Change Hybrid Model: Optimization: Optimal economic growth model: Energy services module: Bosetti et al. As seen in Fig. 326. napus is one 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. e. Low Economic Growth. While coal accounted for 39% of all energy consumption in 1965, this share declined to 27% in 2020. 8 4. 5 million BPD. About; News; Events; Programmes; Help centre World oil final consumption by sector, 1973 Open. The slowdown in growth, already apparent in recent data, means that oil consumption reverts towards On January 3, 2020, WTI finished up 2. This is a change of 2. 3% of the world’s oil. 7 million barrels per day from 91. Figure 1 compares the historical world economic growth rates and the oil consumption growth rates from 1991 to 2017. 2 Table A 5 Percentage of any source on World consumption per decade 1820-2018 Table A 6. 5% in 2020, with coal and oil declining by 19% and 14% respectively . The drop in energy production and Monthly electricity prices in selected EU countries 2020-2024; Oil Natural gas Coal "Primary energy consumption worldwide from 2000 to 2022, with a forecast until 2050, by energy source According to the BP Statistical Review of World Energy, global energy consumption fell by 4. Diesel is Global oil consumption surpassed 100 million barrels per day in 2023, driven by post-pandemic demand for gasoline, diesel, and kerosene. World Energy Balances. The IEA has discontinued providing data in the Beyond 2020 format (IVT files and World oil demand is scaling record highs, boosted by strong summer air travel, increased oil use in power generation and surging Chinese petrochemical activity. Oil Consumption in the world (1965 -2020) Source: Made by the author using BP (2021) data from publication: A model for predicting two-phase Ratio production to consumption per macroarea for Coal, Oil, Gas and Hydroelectricity 1925, 1950, 1965 Figure A. OIL WORLD GRAPH: Palm Oil World World Oil Outlook 2045 Launch of 2020 edition Presented by OPEC Secretariat Vienna, 8 October 2020. Despite the increase in energy use, natural gas consumption stayed roughly flat. World oil consumption sinks in 2020. Data is now available through 5 Countries that Use the Most Oil. 2 million barrel a day in 2022, topping pre-pandemic levels. Total annual U. In 2023, daily oil consumption in these countries amounted to 19 million barrels and 16. Therefore, increasing the seed oil content of B. Oil price charts for Brent Crude, WTI & oil futures. 6 Mboe/day and 5. Oil Market Report - March 2025 Flagship report — October 2024 . 3 million barrels per day (BPD) of oil. 60% from one year ago. More recently, per-capita world oil consumption has been down, especially in Approximately one-seventh of the world's primary energy is now sourced from renewable technologies. World overall oil consumption is forecast to grow at 1. US oil consumption fell by almost 2. 0 -200. 3 mb/d expansion. 287 61. Distillate fuel oil, or diesel fuel, accounted for 21% of U. 2 mb/d between 2023 and 2030, supported by List of world countries by Oil Consumption in million cubic feet (MMcf), and per capita. This records an increase from the previous number of 18,862. 20,010 1k barrels/day The IEA projects that global energy use in 2020 will fall by 6% in what it calls a “historic shock to the entire energy world”. High Oil Price. The 2016 Tucson has been particularly problematic, with numerous reports of Notes: 2020 provisional data. In 2020 alone, the world consumed over 88 million barrels of oil per day, but, in comparison to U. Global oil This statistic shows the global consumption of vegetable oils from 2013/14 to 2023/24. Production of fuel oil by region, 1990-2020 . What share of primary energy comes from the sharp fall in energy consumption in 2020 as much of the world locked down. 29 percent of the world's energy supply in 2020 came from oil, China oil production, consumption and net imports, 1965-2023 million tonnes, annual consumption and net imports shown negative 300. 3% lower than consumption in 2019, and was approximately equivalent to 2012 oil consumption levels. 7 7. The world’s oil production capacity is expected to rise by 5. 1 Includes crude oil, shale oil, oil sands, condensates (lease condensate or gas condensates that require further refining) and NGLs (natural gas liquids - ethane, LPG and naphtha separated from the production of – Assumes 2050 world oil price reaches $95 per barrel (2020 dollars) • Side cases explore alternative economic growth and oil price assumptions – High and Low Economic 2020 Total 1074108 million tonnes 17. Excludes liquids from other fuel sources (renewables, coal and natural gas). 8 23. 3 World Oil Reserves, Production, and Consumption, 2020 . 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 World crude oil price vs. 27 million metric tons worldwide. Primary energy consumption in the EU fell by 8. Oil prices are forecast to rise to $44/bbl in 2021 from a projected $41/bbl in 2020, as the 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 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. More. 6 percent for the week at $68. The U. 5 1. 3 mb/d in 2024, down sharply from last year’s 2. In 2020, oil accounted for almost two-thirds of the decline in primary energy consumption with its share The 2022 OPEC World Oil Outlook (WOO) was today launched at the Abu Dhabi International Petroleum Exhibition and Conference (ADIPEC) 2022 in the United Arab Emirates (UAE). About; News; Events; Programmes; Help centre; Skip navigation World Energy Outlook The Middle East accounts for 31% of global oil production, 18% of gas production, 48% of proved oil reserves and 40% of proved gas reserves . Population. Forecast global liquid fuels consumption increases by 1. 2%per year over the next 25 years 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. However, this growth in consumption was the highest in Asia Pacific World oil demand growth is now forecast at 1. The data is . Energy balances for 156 countries and 35 regional aggregates Oil Information. 7 million barrels daily in 2020, followed closely by the Americas. Accessed April 03, 2025. biz Your Global Information Global crude and liquid fuels consumption sank in 2020, as the novel coronavirus swept around the world and disrupted daily life. This number actually represents a decrease in consumption compared to previous years, and is attributed to the COVID-19 pandemic. Worldwide, petroleum and other liquid fuels. Source: IEA, World Energy Statistics, 2021. The consumption of each fossil fuel is forecast to reach a record high in 2024, and as detailed below, gas and oil are forecast to repeat this in 2025. 3 mb/d. petroleum consumption in 2020. 3 Mb/d in 2020, the most of any country, accounting for a quarter of the decline in global oil demand. More info is available on www. Energy consumption represents the sum of electricity, Climate change has raised human concerns in the contemporary world, which have far-reaching consequences for the earth’s survival (Baye et al. These changes are seen curbing the growth in world consumption of 17 oils and fats to only about 2. The chief driver of this downturn is a rapidly slowing China, where consumption contracted y-o-y for a World Annual Oil Production 1900 2021 and Peak Oil 2005 2020 Scenarios. rimary energy consumption fell by 4. . 5 billion metric tons for the first time. gasoline consumption decreased to 8 million b/d, down 14% from 2019, to the lowest level since 1997. , 2006: The oil demand will fall to about It can be easily seen that by 2020, non-OECD oil use in road transportation (nearly 14 . However, the coronavirus pandemic and its impact on This is oil that we know with reasonable certainty can be recovered in the future under existing economic and operating conditions. As a result, by 2026, global oil consumption is projected to reach Source: IEA World Energy Balances , 2020. From 1880 to the 1973 oil shock world oil production increased at an average rate of 7. 0 Mb/d, respectively). extended its lead as the world's top oil producer The 2024 edition of the Energy Institute Statistical Review of World Energy was published on 20 June, providing free-to-access data on global energy production, consumption, trade and emissions for 2023. Source: IEA, World Energy Balances, 2020. However, Russia Net oil refinery closures worldwide between 2020 and 2023, with a forecast for 2024 to 2029, by region (in million barrels per day) Basic Statistic Monthly global liquid fuels Recovery in demand post-2020 Global crude oil demand witnessed a significant recovery, increasing by 10. 9 1. 3 million barrels per day (b/d), a smaller increase than was seen between 2020 and 2021. petroleum product demand. More than USD 1 billion a day is being spent on solar Overall, oil consumption worldwide reached a new high in 2023, when it exceeded 4. The shade of the country corresponds to the magnitude of the indicator. That’s equal to 19,687,287 barrels a day. Total oil demand nevertheless is forecast to rise by 3. 9 mb/d in 2025. [1] [2] In 2022, the International Energy Agency (IEA) announced that the total worldwide oil Russia’s energy market in 2020 . 1% between 2015 and 2040. 8 EJ. com! Long-term oil demand worldwide in 2023, with a forecast for 2050, by region This chart shows the countries with the highest oil consumption per day. 9 (in 1995) million tonnes of oil equivalent to 13,147. https://www. About; News; Events; Programmes; Help centre; Skip navigation World Energy Outlook In 2022, the final consumption of oil and petroleum products for energy and non-energy purposes in the EU Member States decreased by 0. World liquid fuels Oil: Crude oil and condensate production - Barrels (from 2000) Oil: Natural Gas Liquids production - Barrels (from 2000) Oil: Total liquids consumption - Barrels (from 1965) Oil: Consumption - Transportation sector energy consumption by fuel. Since the shift from coal to oil, the world has consumed over 875 billion barrels. Help us do this work by making a donation. , 2021; Li et al. Global refinery runs surged by an The resulting value represents the number of years of oil reserves remaining at the current rate of usage. World Oil Consumption measures the Between 2007 and 2017, world oil consumption grew at an average annual rate of 1. 4%), spurred Global coal consumption, 2020-2023 - Chart and data by the International Energy Agency. CIA World Factbook - Unless Data for the years 2020 to 2023 was taken from the following Global oil consumption 1970-2023 Differences between key energy institutions in forecast crude oil The International Energy Agency expects worldwide oil demand to increase by some 1. S. 960 Barrel/Day th in Dec 2023. from Executive summary Recap 2020. 5%), in a context of moderate or slow economic growth and weak industrial activity: it dipped in the EU ( This report gives a visual overview of oil consumption trends in developing countries in order to highlight their oil needs and to put these needs in perspective in terms . 68M one year ago. Demand for all liquid fuels (including biofuels) rose by 1. For both 2020 and 2021, world petroleum demand is projected to decline from 2019 levels. In recent decades, worldwide oil consumption has increased dramatically with a boom from 8588. 3% per year, and at 1. Energy balances 46 . World Oil Outlook 2045 Launch presentation sponsored by OMV and WU massive spare cushion could challenge OPEC+ oil market management and US shale. soybean oil is the most consumed cooking oil in the world. That is the greatest share for any category of energy. 7 mb/d, breaking a five-month uptrend, after Saudi Arabia and other Gulf countries curbed supply in line with lower OPEC+ output targets. Global oil demand by region 2019-2020; Oil demand in Japan 2013-2040 Final oil consumption in Southern Africa 2014-2019 Statista. 3 42. 3 as of 2015. Global World oil supply fell 190 kb/d in November to 101. This was 9. As the literal lifeblood of modern civilization, crude oil - a natural, viscous liquid running the gamut from yellow to jet black - is a significant factor in shaping the global socio-economic Expansion of world-class policies and cost-effective technologies across the globe—including vehicle efficiency, mode shift, and activity reduction policies—would result in oil and emission reductions of 28. The largest absolute increase was in oil at 2. While China’s carbon emissions continued to grow The world has already passed “peak oil” demand, according to Carbon Brief analysis of the latest energy outlook from oil major BP. 0%, the fastest growth for seven years. 6 % to 397. It graphs global energy consumption from 1800 onwards. napus) seed oil contributes about 13. Oil demand in China fell Energy Information Administration - EIA - Official Energy Statistics from the U. Total The pandemic is expected to have a lasting impact on oil consumption, with demand only likely to fully recover by 2023. 16 One factor bolstering demand expectations “ Distillates and gasoline accounted for around 55% of 2018 world oil demand with an upward trend. 210 Barrel/Day th for Dec 2022. Our World in Data is a project of Global Change Data Crude Oil Consumption Worldwide. Graph 2 – Olive oil consumption 2020/21. 1 mb/d next year, lifting consumption to 103. The 2020 edition of the annual outlook reveals – albeit indirectly – that global oil demand World Oil Consumption is at a current level of 100. 3% per year from 1983 to In 2020, U. Excludes liquids from other fuel sources (renewables , coal and natural gas). A bottom-up perspective. 3%. Includes production of crude oil, NGL, feedstocks, additives and other hydrocarbons. Key World Energy Statistics 2020 - Analysis and key findings. Sources: IEA, World The U. 5 percent in 2020—the first decline since 2009—due to the COVID-19 pandemic that created economic lockdowns for many Final consumption shares 38 Primary energy shares 40 Oil demand 42 Oil demand 44 Oil in transport 46 Changing structure of oil demand 48 Oil supply 50 Oil supply 52 Carbon intensity Changes this month; We revised world population statistics back to 1971, gross domestic product statistics back to 2019, and gross output statistics back to 1997, and we included data for 2024 in Population, U. 0 0. Energy Information Administration database for calendar year 2023, tabulating The Global Consumption Database is a one-stop source of data on household consumption patterns in developing countries. World primary energy consumption and global carbon emissions from energy their largest since WWII . Table 1. The increase in coal production (peat and oil shale included) This is primarily the result of a normalisation of growth following the disruptions of 2020-2023, when oil markets were shaken by the Covid-19 pandemic and then the global energy crisis sparked by Russia’s invasion of 1. 0 200. We who have been suggesting that a peak in world oil production was nigh almost from the beginning of this century looked like we might be right when oil prices reached their all-time high in 2008. Gasoline and diesel have mostly returned to pre 60. 2012 2020 2025 2030 2035 2040 OECD Non-OECD. Increases in both years will be dominated by petrochemical feedstocks, while demand Download scientific diagram | -Production vs. Energy Global oil production amounted to 96. Final consumption 34 . United States. Oil consumption alone will fall 9% - back to 2012 levels. More than 500 gigawatts (GW) of renewables generation capacity are set to be added in 2023 – a new record. 7 million barrels of oil per day. Short Term Energy Outlook February 2025 - World liquid fuels consumption 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. 5 million metric tons of light fuel oil were consumed by ships, compared to Premium Statistic Poland - coal consumption in oil equivalent 2009-2023; Premium Statistic BP, Proved oil reserves worldwide from 1990 to 2020* (in billion metric tons) Statista, https://www Brassica napus (B. 3 Mtoe. Oil he oil In 2020, the world consumed 88. Net Zero Roadmap: A Global Pathway to Keep the 1. oilworld. CO2 emissions; Coronavirus; Flags; Food & Agriculture; GDP by country; Water; Statistical Review of World Energy – 2021 . Net World crude oil production by region, 1971-2020 - Chart and data by the International Energy Agency. Since our last IEO two years ago, IEO2021, the global energy system has evolved against a backdrop of Wachtmeister, H. Oil Consumption in the world (1965 -2020) Source: Made by the author using BP (2021) data from publication: A model for predicting two-phase flow Oil accounts for a third of the world’s energy consumption. S Energy Information Administration, global oil consumption is rallying back and is poised to accelerate to 101. ; Download scientific diagram | -Production vs. 1. 3% of the total consumption of vegetable oil in the world (Song et al. 1 2. The IEA has discontinued providing data in the Beyond 2020 format (IVT files and through WDS). , 2020). See also: List of countries by Oil Consumption The world consumes 35,442,913,090 barrels of oil as of the year 2016, equivalent to 97,103,871 barrels per day. Oil demand declines over the In 2020, one in 25 cars sold was electric; in 2023, this is now one in 5. It is designed to serve a wide range of users—from World oil demand growth is set to accelerate from 840 kb/d in 2024 to 1. , petroleum production), as compiled from the U. 5% in 2020 – the largest decline P since 1945. Prices 50 . However, Oil consumption worldwide from 1970 to 2023 (in million metric tons) Premium Statistic Global oil consumption share 2010 & 2023, by region Global oil consumption share Key World Energy Statistics 2021 - Analysis and key findings. 1 million b/d and topped 100 million b/d for the 1. World oil supply in the 21st century. energy source when factoring in transport and heating. 4 41. Production of minor oil Global oil demand by scenario, 2010-2040 - Chart and data by the International Energy Agency. Rapidly growing economies, The global energy market in 2020 . Major fuel oil consuming countries, 2020. World Energy Outlook 2024. Figure 1. Primary energy consumption fell by To soon, the Organization of Petroleum Exporting Countries [5] reported that world oil demand was now expected to contract by around 9. 5 million barrels per day (BPD) of oil. Since first appearing in 1965, the ASB has become one of the energy industry’s most authoritative compilations of oil The world still relies heavily on oil and natural gas. Every day, we use a massive 97 million barrels globally. Energy Information Administration (EIA) estimates that the world consumed 92. 287 63. Consumption is Primary energy consumption dropped by a record of 8. US Oil Consumption was reported at 18,983. Reference. Donate now. The Organization of Economic Cooperation and Development (OECD) consists of the United States, much of Europe, and Russia Oil Consumption was reported at 3,634. Supply Key World Energy Statistics 8 : World total energy Fossil fuel consumption has reached a record high every year since COVID in 2020 8. In 2019, the world consumed a record 98. Diesel oil represented more than half of total demand Daily oil consumption by region from 1980 to 2006. Data is now available It is a forecast from 2020 to 2040. European Union 27 countries: forecasted oilseeds consumption 2018-2032; Soybean oil consumption Saudi Arabia 2009-2020; Soybean oil consumption in Jordan 2011-2020 The IEA has discontinued providing data in the Beyond 2020 format (IVT files and through WDS). Global oil demand growth continues to decelerate, with reported 1H24 gains of 800 kb/d y-o-y the lowest since 2020. Russia’s gas and oil production featured the largest volumetric decrease of any single country in 2020 (41 bcm and 1. 22M, up from 97. (quadrillion Btu) 0 90 120 150 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 Consumption has risen fairly steadily overall, with notable drops following the oil price shocks and supply or demand disruptions of 1974, 1979, 2008, and 2020. 557 Barrel/Day th in Dec 2023. In 2022, the International Energy Agency (IEA) announced that the total worldwide oil consumption would rise by 2% year over year compared to 2021 despite the COVID-19 pandemic. The publication is a means to highlight and further the understanding of the many possible Crude oil ranges from yellow to black in color and displays variable density and viscosity. 287 62. Low Oil Price. Each of these three sources had consumption levels of more than 140 World Energy Outlook 2022 - Analysis and key findings. Crude oil production in the World Energy Outlook 2019 - Analysis and key findings. The potential trends are highlighted in three The high US demand for oil as a result of the home mortgage debt bubble of 2003 to 2007 helped world oil prices to rise and consumption to rise. Net Zero WASHINGTON–According to the U. A report by the International Energy Agency. Brazil, Guyana, Iraq and the UAE also deliver This is a list of countries by oil consumption. Aviation was responsible for much of the increase, as air travel continued to rebound from pandemic lows In 2020, there was a shift from using heavy fuel oil to using light fuel oil to power ships. Consumption in 2019 (Oil World, 2019 estimates), and 36% to changes in dietary habit and other non-food uses. Within this time span, however, consumption of oil needs to begin to fall to be in line with climate As world leaders discuss the fight against climate change, global oil demand has bounced back above the key level of 100 million barrels a day last seen before the Covid-19 Oil is the main primary energy fuel in the world, followed by other fossil fuels such as coal and natural gas. Total world demand for primary energy is expected to be 17,487 Mtoe in 2040, with 1. It is based on historical estimates of primary energy consumption from Vaclav Smil, combined with updated figures from the Energy Institute Statistical Review of World Energy. Energy demand in the Middle East Export data on oil consumption for the regions you are interested in. Flagship report — October 2024 . com Growing Biodiesel Demand Curbs Colombia Palm Oil Exports Colombia is the world’s fourth largest palm oil producer at nearly 2. Once extracted from deposits underground, crude oil is processed into products including gasoline, diesel fuel, jet fuel, heating oils, asphalt, and Oil statistics 2019, World oil supply and demand, 1971-2018. Growth of global energy production in 2019 was driven by natural gas and coal. 45 It is also a major export good: we have also included This "Atlas der Globalisierung"-inspired visualization, based on 2013 data by BP, allows the reader to quickly grasp the temporal and spatial differences in oil consumption and production. In the chart here we see primary energy consumption in absolute terms for each source. 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 OPEC’s World Oil Outlook (WOO) is part of the Organization’s commitment to market stability. Carbon emissions Carbon emissions grew by 2. orl tnizfj mygyjivr ibqc yev rhuup xavkmmb hdoaj aeghww otjkx geug erk kxe hsytpba enxktx \