It is estimated that half of the oil used in Quebec and Atlantic Canada is purchased offshore from the US, Saudi Arabia, Russia, the UK, Azerbaijan, Nigeria and Cte d'Ivoire. So, how much of palm oils expansion has really come at the expense of forests? The price of oil shown is adjusted for inflation using the headline CPI and is shown by default on a logarithmic scale. Under this definition, total world oil production in 2021 averaged 77,043,680 barrels per day. R. Zah et al., kobilanz Von Energieprodukten: kologische Bewertung Von Biotreibstoffen (EMPA, Abteilung Technologie und Gesellschaft, St. Gallen, Switzerland, 2007). The country's rig count went from nine . 1. Last year, the US consumed a total of 7.22 billion barrels of petroleum products thats an average of about 19.78 million bpd. [21] In 2008, tax rates on UKCS production ranged from 50 to 75%, depending on the field. The country holds less than 1% of the world's oil reserves - enough to last around 15 years. When will countries phase out coal power? 1 min read. To have a real, permanent impact, certification needs to cover a much larger number of growers. History of Global Oil Consumption How has land use for palm oil changed over time? 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. Our World in Data is free and accessible for everyone. So, If global oil was supplied solely from palm, wed need 77 million hectares, around four times less. 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. This is based on reported figures as of November 2020. The petrochemical industry remains a pillar of growth over the forecast period. ";padding-right:0.5em;padding-left:0.5em;font-weight:bold}.mw-parser-output .static-row-header-hash thead tr::before{content:"#";padding-right:0.5em;padding-left:0.5em;font-weight:bold}.mw-parser-output .static-row-header-row thead tr::before{content:"Row";padding-right:0.5em;padding-left:0.5em;font-weight:bold}body:not(.skin-minerva) .mw-parser-output .static-row-numbers.wikitable tr::before{background-color:#eaecf0;vertical-align:middle}body:not(.skin-minerva) .mw-parser-output .static-row-numbers.mw-datatable:not(.wikitable) tr::before{background-color:#eaeeff}.mw-parser-output table.static-row-numbers.wikitable tbody tr:not(.static-row-header)::before,body:not(.skin-minerva) .mw-parser-output .static-row-numbers.mw-datatable:not(.wikitable) tbody tr::before{border:1px solid #a2a9b1}.mw-parser-output .static-row-numbers-period2 tbody tr::before{content:counter(rowNumber)". This has had a negative impact on the environment, particularly in Indonesia and Malaysia. Both of these metrics are sourced from the UN Food and Agriculture Organization (FAO). But this is reasonably consistent with studies that have looked at the expansion of palm plantations more broadly. On the left we have each crops share of global land use for vegetable oils; on the right we have its share of production. But there are a couple of caveats to these figures. Directly accessible data for 170 industries from 50 countries and over 1 million facts: Get quick analyses with our professional research service. Learn more, The data behind the Oil 2021 report with forecasts to 2026, Keep up to date with our latest news and analysis by subscribing to our regular newsletter. Ultimately this is what matters if our question is how to meet global oil demand.I have calculated oil yield for each crop by dividing the actual oil production by the area harvested for each. OPEC crude oil production to December 31, 2021,. Other producers include Thailand, Colombia, Nigeria, Guatemala, and Ecuador. In this sense, palm oil has been a land sparing crop. Figure 7. 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. Oil production by region Oil production per capita Oil reserves Per capita CO2 emissions by fuel type Per capita CO2 emissions from coal Per capita CO2 emissions from gas Per capita CO2 emissions from oil Per capita energy consumption from coal Per capita fossil energy consumption vs. GDP per capita Per capita gas consumption Saudi Arabias oil output came in at 10,835,000 bpd in 2021. Nigeria produces every year an . 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. Net volumetric gains and losses in the refining process and marine transportation losses. These reports can be viewed here. This is shown in green in the chart. 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. Energy exports to the US account for the vast majority of Canadas total energy exports. From: Department for Business,. This is true for other tropical oilcrops such as coconut, groundnut, or soy. At the current pace, American production will decline to less than 11 million barrels a day by the end of the year, from 13.3 million barrels a day at the end of 2019. 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. 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. Increased crop yields. 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. In 2018, the world produced 72 million tonnes of oil palm. Osisko Metals: Developing High-grade Base Metal Assets in Canada to Meet Future Demand, Top Battery Metals Stocks on the TSX and TSXV, from the Energy Information Administration, vast majority of Canadas total energy exports, Oil Price and Inflation: Whats the Correlation? Ocado, an online UK retailer is just one example. 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. In 2018, the world produced 72 million tonnes of oil palm. The rise of palm oil follows the rapid increase in demand for vegetable oils more broadly. And yet, there may be no return to normal for the oil market in the post-Covid era. It is crucial to invest in the upstream sector even during rapid transitions in which it would still take years to shift global transport fleets away from internal combustion engines to electric vehicles and other low-carbon alternatives. You have permission to use, distribute, and reproduce these in any medium, provided the source and authors are credited. This comparison is shown in the chart.12 Palm oil stands out immediately. How Has COVID-19 Impacted Oil Supply and Demand? Production edged just above 17 million bpd in 2019, giving the US an 18% share of the entire global output. CALGARY The Canadian Association of Petroleum Producers says it expects investment in oil and natural gas production in this country to hit $40 billion this year. 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). United Arab . There are now a number of certification schemes which help to verify whether palm oil is being produced in a sustainable way. Aviation fuels, the hardest hit by the crisis, are expected to slowly return to 2019 levels by 2024, but the spread of online meetings could permanently alter business travel trends. The rest soybean, olive, coconut, groundnut, and sesameseed used more land than they gave back in oil production. Top 5 Canadian Oil and Gas Dividend Stocks in 2022. Palm oil accounts for 6% of this land use, which is small when we consider that it produces 36% of the oil. Global oil demand, still reeling from the effects of the pandemic, is unlikely to catch up with its pre-Covid trajectory. Like most oil-producing countries, Brazil's oil exports decreased in recent months, due to the lower global demand. [2] Saudi Arabia and Russia also top the list of oil exporting countries. NEW! The volumes in the table represent crude oil and lease condensate, the hydrocarbon liquids collected at or near the wellhead. The change in global production is shown in the chart.3. 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. Interactive visualization requires JavaScript. But has this expansion came at the expense of tropical forest? The global economy and oil markets are recovering from the historic collapse in demand caused by the coronavirus (Covid-19) pandemic in 2020. How has the world achieved such a rapid expansion of palm oil production? According to the EIA, "Increased growth in pre-salt oil . Interestingly enough, 2010 was also the time that Crude Oil prices plummeted because of supply and demand concerns. The outlook for the tight oil industry has been tempered by an apparent shift in the business model towards spending discipline, free cash flow generation, deleveraging and cash returns for investors. Approximately 71% came from the top ten countries, and an overlapping 37% came from the thirteen current OPEC members, in the table below. Minimising emissions from their core operations, notably methane, is an urgent priority. Scientific reports, 6(1), 1-13. As the country records increasing rig counts and crude production, its . Total Non-OPEC excludes all countries that are currently members of OPEC. Compared with shorter-term data, the full-year figures are less prone to distortion from periodic maintenance shutdowns and other seasonal cycles. This is a list of countries by oil production (i.e., petroleum production), as compiled from the U.S. Energy Information Administration database for calendar year 2021, tabulating all countries on a comparable best-estimate basis. The current price of WTI crude oil as of February 28, 2023 is $77.09 per barrel. Palm oil is a very productive crop; as we will see later, it produces 36% of the worlds oil, but uses less than 9% of croplands devoted to oil production. Are you interested in testing our business solutions? Most sources of global crude oil supply projected until 2040 can break even below $50/bbl Brent in constant 2020 dollar terms. 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. Palm oil is unique in its versatility, meaning it is suitable for a range of foods, cosmetics, industrial applications and biofuels. One study suggests that palm oil is responsible for around 2% of global tree loss.6 Another suggests it is responsible for only 0.2% of intact forest loss.7 This seems very low. Get the best reports to understand your industry, Crude oil industry of the Gulf Cooperation Council. Producers from the Middle East are expected to provide half of the increase, largely from existing shut-in capacity. Deforestation displaced: trade in forest-risk commodities and the prospects for a global forest transition. Our articles and data visualizations rely on work from many different people and organizations. 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. Please consult our full legal disclaimer. 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. 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. 2. Although the US is the worlds largest oil producer, its domestic oil consumption far outpaces its homegrown output. 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 Oil 2021 The data behind the Oil 2021 report with forecasts to 2026 Data set We will always indicate the original source of the data in our documentation, so you should always check the license of any such third-party data before use and redistribution. A situation analysis by the IUCN Oil Palm Task Force. Article by Melissa Pistilli; FAQs by Melissa Pistilli and Georgia Williams. This indicator is measured in thousand tonne of oil equivalent (toe).Crude oil is a mineral oil . Measured as deliveries from refineries and primary stocks, comprises inland deliveries, international marine bunkers, refinery fuel, crude for direct burning, oil from non-conventional sources and other sources of supply. [5][6], .mw-parser-output table.static-row-numbers{counter-reset:rowNumber}body.skin-minerva .mw-parser-output .static-row-numbers2.sortable{counter-reset:rowNumber -1}body.skin-minerva .mw-parser-output .static-row-numbers2.sortable.static-row-header-two{counter-reset:rowNumber -2}.mw-parser-output table.static-row-numbers tr::before{display:table-cell;padding-right:0.5em;text-align:right}.mw-parser-output table.static-row-numbers tr::before{content:""}.mw-parser-output .static-row-numbers-skip{counter-increment:rowNumber}.mw-parser-output table.static-row-numbers.sortable tbody tr:not(.static-row-header):not(.static-row-numbers-norank)::before,.mw-parser-output table.static-row-numbers:not(.sortable) tbody tr:not(:first-child):not(.static-row-header):not(.static-row-numbers-norank)::before{counter-increment:rowNumber;content:counter(rowNumber);padding-right:0.5em;padding-left:0.5em;vertical-align:inherit}.mw-parser-output .static-row-header-text thead tr::before{content:"No. 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 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. , 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? Please consult our full legal disclaimer. 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. How can we use palm oil without destroying tropical forests? The implications of a potential loss of Russian oil exports to global markets cannot be understated, the IEA stated. The World Crude Oil Production measures the number of barrels of crude oil that are produced per day in the world. IEA (2021), Oil 2021, IEA, Paris https://www.iea.org/reports/oil-2021, License: CC BY 4.0. Irans oil output increased dramatically last year, rising from 2,990,000 bpd in 2020 to 3,458,000 bpd in 2021. Some countries use much more palm oil for biofuels than others. Now into 2022, Russias aggressive war against Ukraine has sent oil prices skyrocketing. There are now long lists of companies that have done so [Google palm-oil free and you will find an endless supply]. What would be the impact of substituting palm oil? Texas leads the way as the biggest oil-producing state in the nation, with output nearly four times as high as the second biggest oil-producing state, New Mexico. Plant Production Science, 8(3), 288-297. 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]. Copyright Enerdata 2009 - 2023 All rights reserved - Terms and Conditions, World Energy & Climate Statistics Yearbook 2022, Share of renewables in electricity production. Gasoline demand is unlikely to return to 2019 levels, as efficiency gains and the shift to electric vehicles eclipse robust mobility growth in the developing world. In the current policy environment, US production growth is set to resume as investment and activity levels pick up in tandem with rising prices. Of caveats to these figures production, its domestic oil Consumption how has the world liquids collected at near. Net volumetric gains and losses in the chart.12 palm oil is unique its. Out immediately tropical forest pandemic, is an urgent priority marine transportation losses of... Are now long lists of companies that have done so [ Google palm-oil free and accessible for everyone solely... From existing shut-in capacity plummeted because of supply and demand concerns Arabia and Russia top... 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