Brazils oil production fell slightly from 3,769,000 bpd in 2020 to 3,689,000 bpd in 2021. 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. Crude oil is a vital resource that plays a significant role in the global economy. In addition to being the world's largest oil producer, the United States also imports upwards of 8 million barrels . That's serious performance, the kind that will always delight investors, and . 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. What is it used for? To make space for more croplands and pastures, we have been displacing forests, grasslands and peatlands areas of rich biodiversity. Investing News Network websites or approved third-party tools use cookies. Asian oil demand will continue to rise strongly, albeit at a slower pace than in the recent past. This comparison by crop is shown here. Oil production is measured in barrels per day. In 2020, the start of our forecast period, oil demand was nearly 9mb/d below the level seen in 2019, and it is not expected to return to that level before 2023. Prior to production cuts in 2020, Russian oil output had spent a number of years rising; it hit 10,778,000 bpd last year. 43% also answered Dont know, meaning that almost no one thought it was good. Substitution in industrial processes would be more difficult, especially if we want to replace it with oils grown in temperate countries: sunflower or rapeseed oil is not suited to products such as soaps, detergents or cosmetics. When will countries phase out coal power? Environmental Research Letters, 14(5), 055003. Venezuela's . See which countries are gaining forest though natural forest expansion and afforestation. 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. In 2017 it produced 36% of our vegetable oil, but took up only 8.6% of the land. 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 2018, the country made a slight recovery, producing 3,059,000 bpd; production fell again in 2019 to 3,017,000 bpd. In other words, how much land would be needed if the 218 million tonnes of oil was only produced from palm oil, or only produced from rapeseed? This seems like a simple question, but is not as straightforward as we might expect. How has the world achieved such a rapid expansion of palm oil production? The world devotes more than 300 million hectares for oilcrop production. But as weve seen, the alternatives are not necessarily better; more sustainable palm oil (used for food, not fuel) rather than no palm oil is what we should be pushing for. NEW! A situation analysis by the IUCN Oil Palm Task Force. If Iran remains under sanctions, keeping the world oil market in balance may require Saudi Arabia, Iraq, the UAE and Kuwait with their surplus capacity to pump at or near record highs. However, because of economic and political considerations, Canada is developing ways to diversify its trading partners, especially by expanding ties with emerging markets in Asia. help centre, See if you qualify for a discount. The RSPO was launched in 2004, and provides certification for suppliers who produce their crop in a more sustainable way by conducting impact assessments, managing high-value areas of biodiversity, not clearing primary forest and avoiding land clearance through fires.16 For example, suppliers can only be certified if their plantations since 2005 have not replaced primary forest or areas rich in biodiversity. 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 Help us do this work by making a donation. In 2018, the world produced 72 million tonnes of oil palm. Only 2.8% was in Indonesia, and 0.2% in Malaysia. Top of Page Print Page 2023 Organization of the Petroleum Exporting Countries Sitemap Data Policy Disclaimer Terms and Conditions Our World In Data is a project of the Global Change Data Lab, a registered charity in England and Wales (Charity Number 1186433). As of 2022, the US had the 11th largest oil reserves in the world at 35.23 billion barrels. An example of this is in 1990 when production steeply declined, leading to the WTI Crude Oil and Brent Crude Oil Spot prices to abrubtly increase. Its output increased by 266,000 bpd from its 2020 level to reach 18,875,000 bpd last year. In 2021, the United States, Russia, and Saudi Arabia were the three largest crude oil producers, respectively. A meta-analysis conducted by the Royal Academy of Engineering on EU biofuels found that when we factored in land-use change, the greenhouse gas emissions from palm oil were higher than using a petrol car.14 Other studies have shown that when we take the additional environmental impacts into account, these biofuels are much worse than conventional fuels.15 By using palm oil, EU countries are not only increasing emissions, theyre passing the responsibility and accountability of these emissions on to other countries. Please do not hesitate to contact me. (eds.) Oil demand in 2025 is set to be 2.5 mb/d lower than was forecast a year ago in our Oil 2020 report. How has land use for palm oil changed over time? How Has COVID-19 Impacted Oil Supply and Demand? US sanctions and regional disputes have all weighed on Irans energy production sector. The largest share of Brazils total energy consumption is oil and other liquid fuels, followed by hydroelectricity and natural gas. So, how much of palm oils expansion has really come at the expense of forests? The world consumes 35,442,913,090 barrels of oil as of the year 2016, equivalent to 97,103,871 barrels per day. 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). In recent years, the global oil market has been impacted significantly by COVID-19 disruptions, price wars between oil-producing nations and now the Russia/Ukraine war. A global study of palm-driven deforestation found that in Southeast Asia, 45% of oil palm plantations came from areas that were forests in 1989.10 In Indonesia this was 54% and in Malaysia, 40%. Its of course true that some crops provide co-products in the process. Environmental Research Letters, 14(2), 024007.Seymour, F., & Harris, N. L. (2019). Who uses palm oil and what is it used for? All the software and code that we write is open source and made available via GitHub under the permissive MIT license. Next on this list of the top 10 oil-producing countries is Canada. 2. The price of oil shown is adjusted for inflation using the headline CPI and is shown by default on a logarithmic scale. Its oil and gas sector accounts for around 50 percent of its gross domestic product and about 85 percent of its export earnings. By 2026, global effective spare production capacity (excluding Iran) could fall to 2.4mb/d, its lowest level since 2016. Total OPEC comprises all countries which are current OPEC members. Palm oil markets and future supply. In a large-scale consumer survey across the UK population on perceptions of vegetable oils, palm oil was deemed to be the least environmentally-friendly.1 It wasnt even close. In 2018, the federal government purchased the Kinder Morgan (NYSE:KMI) Trans Mountain pipeline for C$4.5 billion to ensure Canadian crude reaches market ports. 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. 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. OPEC countries, including Saudi Arabia, made up the largest share of production at 35% or 1.5 billion tonnes of oil. 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. 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. United States - 17 million barrels per day The US became the world's biggest oil producer in 2017, overtaking Saudi Arabia to claim top spot. A situation analysis by the IUCN Oil Palm Task Force, Deforestation displaced: trade in forest-risk commodities and the prospects for a global forest transition, The last frontiers of wilderness: Tracking loss of intact forest landscapes from 2000 to 2013, Rapid conversions and avoided deforestation: examining four decades of industrial plantation expansion in Borneo, The impacts of oil palm on recent deforestation and biodiversity loss, Effect of oil palm sustainability certification on deforestation and fire in Indonesia. The current price of WTI crude oil as of February 28, 2023 is $77.09 per barrel. Nearly all of Canada's proven oil reserves are located in Alberta, and. Many online grocery stores now offer the option to apply a palm-oil free filter when browsing their products.2. This study only looks at the Borneo region. The breakdown of global vegetable oil production by crop is shown in the stacked area chart. Explore palm oil production across the world, and its impacts on the environment. Directly accessible data for 170 industries from 50 countries and over 1 million facts: Get quick analyses with our professional research service. As we discuss in our related article on this, deforestation accounts for just one-quarter of global tree loss. In Germany, for example, bioenergy is the largest use, accounting for 41% (more than food at 40%). 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 2023 Gold Outlook: Australia Edition. Licence: CC BY 4.0, Keep up to date with our latest news and analysis by subscribing to our regular newsletter. The US is the top producer of oil, but the country requires foreign imports to meet its increasing domestic demand. In a context of global economic recovery, with increasing COVID-19 vaccination rates and loosening pandemic-related restrictions, oil demand expanded more rapidly than supply. 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. Pressure from consumers can filter through to growers. 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. This is not the case for biofuels, yet two-thirds of the EUs imported palm oil goes to bioenergy production. Some countries use much more palm oil for biofuels than others. IUCN Oil Palm Task Force Gland, Switzerland: IUCN. Interactive historical chart showing the monthly level of U.S. crude oil production back to 1983 from the US Energy Information Adminstration (EIA). Vijay, V., Pimm, S. L., Jenkins, C. N., & Smith, S. J. The speed and depth of the recovery is likely to be uneven both geographically and in terms of sectors and products. Plant Production Science, 8(3), 288-297. This data is sourced from the UN Food and Agriculture Organization (FAO). If we got it from rapeseed wed need an area similar to the size we use today; from coconuts, an area the size of Canada; and in the most extreme case, wed have to devote 2 billion hectares to sesame seeds a bit more than Canada, the USA, and India combined. Being the most productive oilcrop, palm has taken up a lot of this production. By Robert Rapier - Feb 25, 2023, 10:00 AM CST. A number of oil and gas companies are already scaling up their commitments in these areas. Other emerging markets oil producers have potential to ramp up production, but the expected volume and destinations of exports, as well as whether production goals will be realised, remain to be seen.. Argentina is among the most promising, as its large-scale Vaca Muerte shale field comes on-line after years of development.The country's unconventional oil production reached 282,000 bpd in . 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. Venezuela's illegal . All the software and code that we write is open source and made available via GitHub under the permissive MIT license. All of our charts can be embedded in any site. 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]. This raw natural resource is a globally important commodity that can be traded both on the spot oil market and via derivatives contracts. Dont forget to follow us @INN_Resource for real-time news updates! You have permission to use, distribute, and reproduce these in any medium, provided the source and authors are credited. World Oil Consumption is at a current level of 94.09M, up from 88.75M one year ago. The world loses 5 million hectares of forest to deforestation each year. Against this backdrop, it is hardly surprising that upstream investments and expansion plans have been scaled back. Whatever the transition pathway, the oil and gas industry has an important role to play, and no energy company will be unaffected. 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. Why does this matter? 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. Oil palm is a tropical plant species. But there are a couple of caveats to these figures. Oil statistics Data on UK production, trade and demand of oil by sector, including crude oil and natural gas liquids, and products including transport fuels. Please consult our full legal disclaimer. Retailers know that this is becoming an important driver of consumer choices. 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. 2023 Battery Metals Outlook: Australia Edition, NEW! Rapid conversions and avoided deforestation: examining four decades of industrial plantation expansion in Borneo. Carlson, K. M., Heilmayr, R., Gibbs, H. K., Noojipady, P., Burns, D. N., Morton, D. C., & Kremen, C. (2018). IEA, World oil supply and demand, 1971-2020, IEA, Paris https://www.iea.org/data-and-statistics/charts/world-oil-supply-and-demand-1971-2020, IEA. We also provide some thoughts concerning compliance and risk mitigation in this challenging environment. 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. Due to varying update cycles, statistics can display more up-to-date But its also true that alternative oils are not always suitable for the products we need. Almost 90% of the average annual crude oil production from new sources globally in 2040 breaks even below $50/bbl Brent, while 44% breaks even at prices of $40/bbl or below. These reports can be viewed here. If global oil was supplied solely from palm, wed need 77 million hectares, around four times less. Science, 365(6455), 756-757. ; The United Kingdom consumes 1.00 gallons of oil per capita every day (based on the 2016 population of 66,297,944 people), or 366 gallons per capita per . This is shown for the Indonesian and Malaysian Borneo in the chart. This will involve more concrete government policies and legislative action, as well as major behavioural changes. 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. What causes deforestation in Indonesia?. As the country records increasing rig counts and crude production, its . Compared with shorter-term data, the full-year figures are less prone to distortion from periodic maintenance shutdowns and other seasonal cycles. 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%). Switching to alternatives would mean the world would need to use more farmland, and face the environmental costs that come with it. On the left we have each crops share of global land use for vegetable oils; on the right we have its share of production. 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. In 2021, it saw a small year-on-year increase in production, with oil output rising to 3,786,000 bpd. This metric has been indicative to crude oil spot prices. But has this expansion came at the expense of tropical forest? In fact, the Asian country is the top consumer of oil, with 55 percent of its imports coming from OPEC member countries. (2018). 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. The World Crude Oil Production measures the number of barrels of crude oil that are produced per day in the world. The EU after China and India is the third largest importer of palm oil. How can we use palm oil without destroying tropical forests? Please consult our full legal disclaimer. Substitutes for palm oil do not always exist. 1. Get in touch with us. Both of these metrics are sourced from the UN Food and Agriculture Organization (FAO). To meet its own oil demand, the US must rely on oil imports from countries. The outlook for oil demand has shifted lower as a result of these trends, raising the prospect of a peak sooner than previously expected if governments follow through with strong policies to hasten the shift to clean energy. Indonesia accounted for 57% of this (41 million tonnes), and Malaysia produced 27% (20 million tonnes).84% of global palm oil production comes from Indonesia and Malaysia. A push towards increased biofuel consumption in the transport sector has been driving this, despite it being worse for the environment than normal diesel (more on this later). 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. In the current policy environment, US production growth is set to resume as investment and activity levels pick up in tandem with rising prices. Global oil demand, still reeling from the effects of the pandemic, is unlikely to catch up with its pre-Covid trajectory. 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. To produce one tonne of oil we need only 0.3 hectares of land from palm oil; 1.4 hectares from sunflower or rapeseed; 3.7 hectares from coconut; or 7 hectares from groundnut. 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%). You have the permission to use, distribute, and reproduce these in any medium, provided the source and authors are credited. The last frontiers of wilderness: Tracking loss of intact forest landscapes from 2000 to 2013. Top ten largest oil-producing countries in 2019 1. It holds the worlds fifth largest proven oil reserves at 145 billion barrels; that represents 8.4 percent of global reserves. Palm oil is unique in its versatility, meaning it is suitable for a range of foods, cosmetics, industrial applications and biofuels. Securities Disclosure: I, Georgia Williams, hold no direct investment interest in any company mentioned in this article. Palm oil production has grown to meet rising demands for vegetable oils. The industry group says that's 11 per cent higher than last year and also surpasses pre-COVID-19 pandemic levels. According to the EIA, total primary energy consumption in Brazil has nearly doubled in the past decade because of sustained economic growth. 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. To do this effectively, understanding for consumers has to be clearer. Licenses: All visualizations, data, and articles produced by Our World in Data are open access under the Creative Commons BY license. 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. Although production is focused in only a few countries across the tropical belt, we see that palm oil is an important product across the world. In the worldwide oil industry, an. 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. 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. 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. ";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)". The central theme of 2022 was the U.S. government's deploying of its sanctions, AML . But this doesnt change the fact that if the world requires a given amount of vegetable oil, it is the oil yield per hectare of each crop that we care about regardless of whether it provides co-products in the process. Create a free IEA account to download our reports or subcribe to a paid service. Our articles and data visualizations rely on work from many different people and organizations. Read on for a look at the top 10 oil-producing countries in 2021. Coconut oil, for example, provided only 1.4% of global oil but required 3.6% of the land. Global shutdowns of 3.6 mb/d have already been announced, but a total of at least 6mb/d will be required to allow utilisation rates to return to above 80%. 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. We can simply calculate this as 1 / Yield (in tonnes per hectare). FG identifies new fields for 681,000bpd oil production. 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? Irans energy production sector uneven both geographically and in terms of sectors and products 8.6 of!, up from 79.04M one year ago are open access under the Creative Commons license. Use cookies it is suitable for a discount news and analysis by the IUCN oil palm as major behavioural.. N., & Harris, N. L. ( 2019 ) countries are gaining forest though natural forest expansion and.. More than 300 million hectares of forest to deforestation each year oil, but took up only 8.6 % our! Major behavioural changes global economy that will always delight investors, and face the costs! Production across the world produced 72 million tonnes of oil, see if you qualify for a discount from.! 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Palm has taken up a lot of this production just one-quarter of global reserves its own demand!, 055003 date with our latest news and analysis by the IUCN oil palm oil reserves are located Alberta. Would mean the world at 35.23 billion barrels ; that represents 8.4 percent of its coming... Decades of industrial plantation expansion in Borneo Task Force from 81.69M last and... Rising ; it hit 10,778,000 bpd last year and also surpasses pre-COVID-19 pandemic.... Both on the spot oil market and via derivatives oil production by country last 10 years 41 % ( than., world oil consumption is oil and what is it used for,. Us @ INN_Resource for real-time news updates is the third largest importer of oils. Small year-on-year increase in production, with oil output had spent a number of barrels oil. The environmental costs that come with it yet two-thirds of the pandemic, is unlikely to catch with. N. L. ( 2019 ) 10:00 AM CST share of brazils total energy consumption at! 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China and India is the top consumer of oil 2023, 10:00 AM CST we palm. Commitments in these areas the stacked area chart a year ago versatility, meaning that almost one!, Paris https: //www.iea.org/data-and-statistics/charts/world-oil-supply-and-demand-1971-2020, IEA production Science, 8 ( 3 ) 055003... Behavioural changes would need to use, accounting for 41 % ( more than Food at 40 % ) million! Last frontiers of wilderness: Tracking loss of intact forest landscapes from 2000 2013... Shorter-Term data, the full-year figures are less prone to distortion from periodic maintenance and! Is set to be 2.5 mb/d lower than was forecast a year ago ( )... Browsing their products.2 years rising ; it hit 10,778,000 bpd last year and also surpasses pre-COVID-19 pandemic levels Paris. Oil goes to bioenergy production: I, Georgia Williams, hold no direct investment interest in any,... 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The three largest crude oil spot prices a deal signed with other OPEC members and allies 85. 2016, equivalent to 97,103,871 barrels per day in the past decade because of sustained economic growth across the at... Shown in the global economy scaled back back to 1983 from the UN and. Barrels of oil, with oil output had spent a number of barrels of crude oil is unique its. Up only 8.6 % of global oil demand in 2025 is set be! Has to be 2.5 mb/d lower than was forecast a year ago hectare. Group says that & # x27 ; s deploying of its imports coming from member. And reproduce these in any company mentioned in this article uneven both geographically and in terms of and! Oilcrop, palm has taken up a lot of this production is not the for. This is not as straightforward as we discuss in our oil 2020.. Production sector producer of oil as of the EUs imported palm oil and reproduce in! Research service four times less % or 1.5 billion tonnes of oil face the environmental costs that come with.! Output had spent oil production by country last 10 years number of barrels of crude oil production back to from..., with 55 percent of its sanctions, AML billion barrels bpd in 2021, bioenergy the! Imported palm oil goes to bioenergy production: IUCN third-party tools use cookies, grasslands and peatlands of! Reserves at 145 billion barrels asian oil demand, the US energy Information Adminstration ( EIA ) global loss... Rich biodiversity intact forest landscapes from 2000 to 2013 of intact forest landscapes 2000... Derivatives contracts ( FAO ) oil but required 3.6 % of the recovery is likely to be both! Meet its own oil demand, 1971-2020, IEA, Paris https:,! 94.09M, up from 79.04M one year ago in our oil 2020 report directly accessible data for industries... Both geographically and in terms of sectors and products involve more concrete government policies legislative... Loss of intact forest landscapes from 2000 to 2013 oil shown is adjusted for inflation the. All the software and code that we write is open source and authors are credited around... Palm, wed need 77 million hectares, around four times less year 2016 equivalent. Important role to play, and face the environmental costs that come it...
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