Being the most productive oilcrop, palm has taken up a lot of this production. All the software and code that we write is open source and made available via GitHub under the permissive MIT license. These reports can be viewed here. The top five are Canada, Mexico, Russia, Saudi Arabia and Colombia. The global market still looks adequately supplied through much of the medium term. 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. How can we use palm oil without destroying tropical forests? Many companies are already . [2] As of 2022, California produced 3% of the crude oil of the nation, behind Texas, New Mexico, North Dakota . 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. [2] Saudi Arabia and Russia also top the list of oil exporting countries. IUCN Oil Palm Task Force Gland, Switzerland: IUCN. Stats Related Indicators World Energy At the same time, the historic collapse in demand in 2020 resulted in a record 9mb/d spare production capacity cushion that would be enough to keep global markets comfortable at least for the next several years. What would be the impact of substituting palm oil? Thank you for subscribing. As the third largest oil-producing nation, Russia accounts for 10 percent of global output. Oil palm is a tropical plant species. The world's Top 10 oil consumers in 2021 Robert Rapier U.S. Remains Oil Production Champion Despite the ongoing impact the pandemic has had on U.S. oil production, the U.S. remained the. 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. 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. History of Global Oil Consumption The countrys annual oil production rose to 5,558,000 bpd in 2021, up from 2020s output levels of 5,235,000 bpd. The breakdown of global vegetable oil production by crop is shown in the stacked area chart. Statistics are from the Energy Information Administration (EIA) and include total production of petroleum and other liquids. 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. This text provides general information. But its not clear that the alternatives would have fared any better. Please refer to thecookie policy for collected data, privacy and GDPR compliance. Show Recessions Top of Page Print Page 2023 Organization of the Petroleum Exporting Countries Sitemap Data Policy Disclaimer Terms and Conditions To demonstrate this, lets turn crop yields on its head and look at the inverse: the area of land you would need to produce one tonne of vegetable oil. 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. Due to varying update cycles, statistics can display more up-to-date Global palm yields have increased over time, but far short of the increase in demand. 3 min read. What this means is that it accounts for a very high share of oil production without taking up much land. But has this expansion came at the expense of tropical forest? 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 shown in green in the chart. Whatever the transition pathway, the oil and gas industry has an important role to play, and no energy company will be unaffected. But, most of the research concludes that, particularly in tropical forests in Southeast Asia, palm expansion has played a significant role. Article by Melissa Pistilli; FAQs by Melissa Pistilli and Georgia Williams. Ethane, LPG and naphtha together account for 70% of the projected increase in oil product demand to 2026. Its output increased by 266,000 bpd from its 2020 level to reach 18,875,000 bpd last year. But its also true that alternative oils are not always suitable for the products we need. Energy exports to the US account for the vast majority of Canadas total energy exports. See the distribution of global forests and which countries have the most forest cover. Venezuela was way down the list, at #25 . , 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? The Dominant Oil Producing States Impressively, 71% of total U.S. oil production came from just five states. Like most oil-producing countries, Brazil's oil exports decreased in recent months, due to the lower global demand. 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. In the next section we will look at what countries produce palm oil, but here we see a map of palm oil imports. 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. Top 10 Countries with the Highest Oil Production (barrels per day) United States - 11,567,000 Russia - 10,503,000 Saudi Arabia - 10,225,000 Canada - 4,656,000 Iraq - 4,260,000 China - 3,969,000 United Arab Emirates - 2,954,000 Brazil - 2,852,000 Kuwait - 2,610,000 Iran - 2,546,000 It also shows crude oil production excluding the two countries which have recently been subject to sanctions: Iran and Venezuela. Figure 7. You can unsubscribe at any time by clicking the link at the bottom of any IEA newsletter. A global boycott on palm oil would not fix the problem: it would simply shift it elsewhere, and at a greater scale because the world would need more land to meet demand. According to the 2022 BP Statistical Review of World Energy, Venezuela has more proved oil reserves than any other country in the world. [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. 2023 Gold Outlook: Australia Edition. This is because both countries achieve high yields. 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. Our World in Data is free and accessible for everyone. This is now 35 times higher: in 2018 the world produced 71 million tonnes. See which countries are gaining forest though natural forest expansion and afforestation. Top ten largest oil-producing countries in 2019 1. Taken together, these actions could reduce oil use by as much as 5.6mb/d by 2026, which would mean that oil demand never gets back to pre-crisis levels. 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. 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. Historical Production Data OPEC Member Countries' historical production data, directly communicated or based on secondary sources, are available in OPEC's Monthly Oil Market Reports. Environmental Research Letters, 14(5), 055003. 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]. Oil 2021, the IEAs latest medium-term outlook, explains why. Would the alternatives be any better for the environment? When will countries phase out coal power? Heres a look at the top 10 oil-producing countries. US sanctions and regional disputes have all weighed on Irans energy production sector. The most well-known is the Roundtable on Sustainable Palm Oil (RSPO). The United Arab Emirates is an OPEC member, and has ranked among the world's top 10 oil-producing countries for decades. Both of these metrics are sourced from the UN Food and Agriculture Organization (FAO). The current level of U.S. crude oil production as of February 2022 is 11,600.00 thousand barrels per day. The United Arab Emirates accounts for 5.6 percent of global total reserves. United Arab . Are you interested in testing our business solutions? 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. 2. As we discuss in our related article on this, deforestation accounts for just one-quarter of global tree loss. The story of oil production in California began in the late 19th century. We know that tropical forests are incredibly rich in biodiversity, and store a lot of carbon from the atmosphere. 43% also answered Dont know, meaning that almost no one thought it was good. 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. Venezuela's . 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%). There are some products where using palm is our best option. 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 the chart we see the production of the palm oil plant across a number of countries. Its oil and gas sector accounts for around 50 percent of its gross domestic product and about 85 percent of its export earnings. 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. The United States. Indonesia accounted for 57% of this (41 million tonnes), and Malaysia produced 27% (20 million tonnes). The industry paid 12.9 billion [21] in corporate taxes in 2008-9, the largest since the mid-1980s, because of high oil and gas prices. Given these and other recent market events, many investors are curious to know which countries produce the most oil, and may be able to fill the gap if the west places further sanctions on Russia. This data is sourced from the UN Food and Agriculture Organization (FAO). Only 2.8% was in Indonesia, and 0.2% in Malaysia. That marks a dramatic change from recent years when the United States dominated world supply growth. In fact, only one-quarter of post-1973 plantations in the Borneo was driven by rapid conversion of this land to plantations (2021% oil-palm; 4.34.8% pulpwood). - WSJ , Should You Invest in Oil and Gas Companies? Palm oil has been an important driver of deforestation. Dont forget to follow us @INN_Resource for real-time news updates! 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. The world devotes more than 300 million hectares for oilcrop production. The rise of palm oil follows the rapid increase in demand for vegetable oils more broadly. 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[4] In May 2019 the country became a net oil and gas exporter for the first time since 1953. 114K subscribers This video ranks the top 15 countries in the world by oil production from 1965 to 2018. Sustainability of liquid biofuels. Brazils oil production fell slightly from 3,769,000 bpd in 2020 to 3,689,000 bpd in 2021. This video shows the Top 20 countries by their total oil production from 1900 to 2020 (last 120 years). In 2021, it saw a small year-on-year increase in production, with oil output rising to 3,786,000 bpd. 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. Overview and forecasts on trending topics, Industry and market insights and forecasts, Key figures and rankings about companies and products, Consumer and brand insights and preferences in various industries, Detailed information about political and social topics, All key figures about countries and regions, Market forecast and expert KPIs for 600+ segments in 150+ countries, Insights on consumer attitudes and behavior worldwide, Business information on 60m+ public and private companies, Detailed information for 35,000+ online stores and marketplaces. 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. Despite its abundant reserves, Irans oil production has substantially fallen in recent years it produced 4,779,000 bpd back in 2017. Over those 30 years, the value of crude oil exports has increased more than fifteen-fold, accounting for 14.1% of Canada's total exports in 2019. 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. 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. This comparison is shown in the chart.12 Palm oil stands out immediately. 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. 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. This study only looks at the Borneo region. European countries should stop using palm oil for biofuels. This raw natural resource is a globally important commodity that can be traded both on the spot oil market and via derivatives contracts. 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