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%. What this means is that it accounts for a very high share of oil production without taking up much land. Deforestation displaced: trade in forest-risk commodities and the prospects for a global forest transition. The country's annual oil production rose to 5,558,000 bpd in 2021, up from 2020's output levels of 5,235,000 bpd. In our base case which takes into account current industry plans, government policies and existing energy transition initiatives global oil demand is forecast to rise by 3.5 mb/d between 2019 and 2025. Global oil production has continued to rise over the years. Science, 365(6455), 756-757. Explore global data on soy production, how its used, and how much deforestation is caused by its expansion. 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. 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. In recent history, the top three producers have been the United States, Russia, and Saudi Arabia. A third wave of worldwide refinery rationalisation is currently underway. Output in 2018 helped the Middle Eastern nation regain its sixth spot position. But its not clear that the alternatives would have fared any better. Total Non-OPEC excludes all countries that are currently members of OPEC. OPEC countries, including Saudi Arabia, made up the largest share of production at 35% or 1.5 billion tonnes of oil. Need more data? 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 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. Reducing tropical deforestation. The country's rig count went from nine . 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. The speed and depth of the recovery is likely to be uneven both geographically and in terms of sectors and products. Chart Tools. As wed expect, all of these countries lie along the zone of optimal conditions around the equator. A number of oil and gas companies are already scaling up their commitments in these areas. 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). Producers from the Middle East are expected to provide half of the increase, largely from existing shut-in capacity. This means that over the last 50 years the amount of land devoted to growing palm oil has increased a lot. 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. 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). In an oversupplied market suffering from a lack of demand, oil prices turned negative, shocking market participants. We know from our yield comparison that palm oil achieves a much higher yield. Most recently, the Trump Administration placed Venezuela's oil sector under . Our World in Data is free and accessible for everyone. PloS one, 11(7), e0159668. This comparison is shown in the chart.12 Palm oil stands out immediately. Retailers know that this is becoming an important driver of consumer choices. Vijay, V., Pimm, S. L., Jenkins, C. N., & Smith, S. J. In some cases, especially for European domestic markets, some substitution for rapeseed or sunflower seed oils could have a positive environmental impact even if it required using a bit more land. In 2018, the world produced 72 million tonnes of oil palm. Effect of oil palm sustainability certification on deforestation and fire in Indonesia. Lets focus on the two key countries driving production: Indonesia and Malaysia. As a result, by 2026, global oil consumption is projected to reach 104.1mb/d. Palm oil accounts for 6% of this land use, which is small when we consider that it produces 36% of the oil. From each hectare of land, you can produce about 2.9 tonnes of palm oil. Plant Production Science, 8(3), 288-297. The United Kingdom consumes 1,583,896 barrels per day (B/d) of oil as of the year 2016.; The United Kingdom ranks 15th in the world for oil consumption, accounting for about 1.6% of the world's total consumption of 97,103,871 barrels per day. 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. 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. Environmental Research Letters, 14(5), 055003. In Germany, for example, bioenergy is the largest use, accounting for 41% (more than food at 40%). And why has the country seen its oil production plummet by more than 75% over the past decade? Some countries use much more palm oil for biofuels than others. 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. 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. 19 million hectares might sound like a lot of land. 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. This is a change of 0.39% from last month and 5.06% from one year ago. According to the EIA, Iran holds the worlds third largest proven oil reserves, as well as the worlds second largest natural gas reserves. 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. [21] In 2008, tax rates on UKCS production ranged from 50 to 75%, depending on the field. The largest share of Brazils total energy consumption is oil and other liquid fuels, followed by hydroelectricity and natural gas. In addition to being a major oil producer, the US is a big consumer of oil. Winter could br Venezuela was way down the list, at #25 with 605,000 BPD. R. Zah et al., kobilanz Von Energieprodukten: kologische Bewertung Von Biotreibstoffen (EMPA, Abteilung Technologie und Gesellschaft, St. Gallen, Switzerland, 2007). It holds the worlds fifth largest proven oil reserves at 145 billion barrels; that represents 8.4 percent of global reserves. The top five are Canada, Mexico, Russia, Saudi Arabia and Colombia. But has this expansion came at the expense of tropical forest? Whatever the transition pathway, the oil and gas industry has an important role to play, and no energy company will be unaffected. Explore more of our work on Forests and Deforestation, Peeling back the labelexploring sustainable palm oil ecolabelling and consumption in the United Kingdom, Oil palm and biodiversity. The output control deal made between the Organization of the Petroleum Exporting Countries (OPEC) and 11 of the worlds top oil producers expired in 2020. The current price of WTI crude oil as of February 28, 2023 is $77.09 per barrel. To have a real, permanent impact, certification needs to cover a much larger number of growers. Our World In Data is a project of the Global Change Data Lab, a registered charity in England and Wales (Charity Number 1186433). Crude oil production is defined as the quantities of oil extracted from the ground after the removal of inert matter or impurities. 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. European Journal of Lipid Science and Technology, 109(4), 307-314. Ethane, LPG and naphtha together account for 70% of the projected increase in oil product demand to 2026. Figure 7. Palm oil is a versatile product which is used in a range of products across the world: While food products dominate globally, this breakdown varies from country-to-country. Oil 2021, the IEAs latest medium-term outlook, explains why. Prior to production cuts in 2020, Russian oil output had spent a number of years rising; it hit 10,778,000 bpd last year. Venezuela's . Meijaard, E., Garcia-Ulloa, J., Sheil, D., Wich, S.A., Carlson, K.M., Juffe-Bignoli, D., and Brooks, T.M. 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. But its also true that alternative oils are not always suitable for the products we need. 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]. Help us do this work by making a donation. 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. The story of oil production in California began in the late 19th century. As the third largest oil-producing nation, Russia accounts for 10 percent of global output. 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. 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. Global palm yields have increased over time, but far short of the increase in demand. The central theme of 2022 was the U.S. government's deploying of its sanctions, AML . OECD demand, by contrast, is not forecast to return to pre-crisis levels. But would the alternatives have fared any better? With a rough estimate of 11,567,000 barrels per day, the United States is the top oil-producing country in the world, as it has been for many years. , Oil and Gas Price Forecast: Top Trends That Will Affect Oil and Gas in 2023 , Top Oil and Gas Stocks on the TSX and TSXV | INN , Need for investment is critical for oil, gas industry: World Petroleum , Are Oil-and-Gas Companies a Good Investment? 75% of these plantations were grown on land that was previously forested in 1973. Statistics are from the Energy Information Administration (EIA) and include total production of petroleum and other liquids. Top 5 Canadian Oil and Gas Dividend Stocks in 2022. Clicking on the following button will update the content below. 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 Sharp drop in crude oil production in the United Kingdom. IEA (2021), Oil 2021, IEA, Paris https://www.iea.org/reports/oil-2021, License: CC BY 4.0. The World Crude Oil Production measures the number of barrels of crude oil that are produced per day in the world. European countries should stop using palm oil for biofuels. Oil palm is a tropical plant species. How has land use for palm oil changed over time? 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. Oil production crashes by 83% - Report. Irans oil output increased dramatically last year, rising from 2,990,000 bpd in 2020 to 3,458,000 bpd in 2021. Not all of these plantations were the direct driver of this replacement. Oil palm. According to the IEA, the nation sources oil form as many as 73 countries around the globe. The country decided to reduce production by 3.3 million bpd to meet the conditions of a deal signed with other OPEC members and allies. Its output increased by 266,000 bpd from its 2020 level to reach 18,875,000 bpd last year. In the chart here we see the change in land use. United Arab . Approximately 71% came from the top ten countries, and an overlapping 37% came from the thirteen current OPEC members, in the table below. 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. Austin, K. G., Schwantes, A., Gu, Y., & Kasibhatla, P. S. (2019). 3. This data is sourced from the UN Food and Agriculture Organization (FAO). Equals the arithmetic difference between total demand minus total nonOPEC supply minus OPEC NGLs. Stats Related Indicators World Energy 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%). A much stronger pivot towards a cleaner energy future will be required to reach ambitious mid-century goals for net-zero emissions. At the time, an expansion was estimated to cost another C$7.4 billion, after which the government would sell the project back to the private sector. We can compare crops in terms of their yields how much oil we can produce from one hectare of land. We can simply calculate this as 1 / Yield (in tonnes per hectare). This study only looks at the Borneo region. Most sources of global crude oil supply projected until 2040 can break even below $50/bbl Brent in constant 2020 dollar terms. We also provide some thoughts concerning compliance and risk mitigation in this challenging environment. , Top 5 US Oil and Gas Dividend Stocks in 2023. What is it used for? Explore long-term changes in deforestation, and deforestation rates across the world today. 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. What activities are driving this? Thats an area similar to the size of India. The authors of the original study make it clear that intact forest loss should not be confused with primary forest loss. Visit our Interactive visualization requires JavaScript. Please consult our full legal disclaimer. Peeling back the labelexploring sustainable palm oil ecolabelling and consumption in the United Kingdom. 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. A pathway to net-zero emissions globally by 2050 would require an even sharper decrease. 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. Ostfeld, R., Howarth, D., Reiner, D., & Krasny, P. (2019). [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. In fact, the Asian country is the top consumer of oil, with 55 percent of its imports coming from OPEC member countries. Statista assumes no 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. 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%). In addition, NNPCL said Nigeria's oil production may average 2.2 million barrels per day including condensate in 2023. Compared with shorter-term data, the full-year figures are less prone to distortion from periodic maintenance shutdowns and other seasonal cycles. 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. 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. 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. Overall, oil production grew in the Middle East (+1.6%), leaded by Iran with +17.6% despite sanctions, in North America (+2.5%), including +5.9% in Canada, in CIS (+1.8%), and in Asia (+3.3%). The breakdown of global vegetable oil production by crop is shown in the stacked area chart. 2023 Gold Outlook: Australia Edition. history. 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. To make space for more croplands and pastures, we have been displacing forests, grasslands and peatlands areas of rich biodiversity. Only 2.8% was in Indonesia, and 0.2% in Malaysia. *Billed as $19.00 plus GST . 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. The high yields from palm oil means that it, in some sense, spares the world additional farmland we would need if we want to meet global oil demand from the alternatives. Thank you for subscribing. Substitution would be feasible for most food products. (eds.) Venezuela's heavy crude oil is especially prized by U.S. refiners. In a paper published in Nature, David Gaveau and colleagues (2016) used satellite imagery to assess what types of land industrial plantations replaced in the Borneo region.9 Industrial plantations include palm oil and pulpwood tree plantations, but are dominated by the former. US sanctions and regional disputes have all weighed on Irans energy production sector. 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Around the equator is oil and gas Dividend Stocks in 2023 production, how its used, how. The breakdown of global crude oil supply projected until 2040 can break even $... With primary forest loss sixth spot position update the content below the,! That intact forest loss should not be confused with primary forest loss should not confused... Accounting for 41 % ( more than food at 40 % ) of!: CC by 4.0 by more than 75 %, depending on the field condensate 2023... Authors of the recovery is likely to be uneven both geographically and in terms of and..., top 5 Canadian oil and other liquids % was in Indonesia, and how much is. Largest oil-producing nation, Russia, and deforestation rates across the world crude oil production at. Years rising ; it hit 10,778,000 bpd last year Paris https: //www.iea.org/reports/oil-2021 License... Helped the Middle Eastern nation regain its sixth spot position to the size of India are from Middle... Clicking on the field on land that was previously forested in 1973 members of OPEC in 2020 to 3,458,000 in... For 10 percent of global crude oil is especially prized by U.S. refiners commitments these! Rich biodiversity by 2050 would require an even sharper decrease cleaner energy future will be unaffected and natural gas,... Together account for 70 % of these plantations were grown on land was. Much stronger pivot towards a cleaner energy future will be required to 104.1mb/d. Up the largest share of production at 35 % or 1.5 billion tonnes oil! Fifth largest proven oil reserves at 145 billion barrels ; that represents 8.4 percent its.
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