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Crude oil production

Global crude oil production fell (-6.1%), driven down by the COVID-19 pandemic.

Crude oil production

Global crude oil production fell (-6.1%), driven down by the COVID-19 pandemic.

Breakdown by country (Mt)
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World

Trend over 1990 - 2020 - Mt

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% in total production (2020) - Mtoe

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-8.6%


Strong drop in Russia’s crude oil production in 2020

Global crude oil production fell (-6.1%), driven down by the COVID-19 pandemic.

International oil prices fell by more than a third in 2020 (-35% for the Brent, at US$42/bbl) due to a large drop in global demand caused by the COVID-19 pandemic and lockdown measures. Consequently, the OPEC+ agreed in April 2020 to cut their overall crude oil production by 9.7 mb/d over the 1 May 2020 - 30 June 2020 period (extended to end-July 2020), in bid to reduce the global oversupply and to firm up depressed oil prices. Restrictions were relaxed as of August 2020 (global cut limited to 7.7 mb/d). In 2020, the US crude oil production (17% of global output in 2020) contracted by 3.4%, widening again the gap with Saudi Arabia as the largest crude oil producer, with the US producing 42% more oil than Saudi Arabia in 2020. Overall, oil production fell by -8.8% in the Middle East, including -7% in Saudi Arabia, by 8.6% in Russia, and by 14% in Nigeria. It declined by 4.5% in Canada but grew by 1.6% in China and by 7.1% in Brazil (surging pre-salt production).

Global Energy Trends - 2021 Edition

Consolidated 2020 energy and emissions statistics with 2021 estimates, including COVID-19 impact and structural changes.

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Global Energy & CO2 Data

Need more data? All the information presented in this energy data tool are extracted from Global Energy & CO2 Data service, the most comprehensive and up-to-date database on crude oil, NGL, non-conventional oil and refined oil products: production, trades, reserves, transformation, prices, consumption per sector and indicators.

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23

Nov

According to Brazil's National Electric Energy Agency (ANEEL), the installed wind capacity in Brazil has just reached the 20 GW milestone, from 17.1 GW at the end of 2020. More than 750 wind parks are operational in Brazil, and 90% of the installed wind capacity is located in the Northeast region.

10

Nov

According to the Ministry of Power, India has reduced its peak power deficit from 16.6% in financial year (FY) 2007-2008 to 0.4% in FY 2020-2021 (-16.2% points). Indeed, the country's power peak deficit fell from 18 GW in 2007-2008 to 0.8 GW in 2020-2021. Since 2008, India has installed over 240 GW of power capacity, including 139 GW of coal (58% of the total), 37 GW of solar (16%), and 28 GW of wind (12%). Over the same period, the country's electrification rate increased from 72% to 95% (+23% points).

04

Nov

According to Statistics Norway, greenhouse gas (GHG) emissions in the country declined by 3.5% in 2020 to 49.3 MtCO2eq (-1.8 MtCO2eq) thanks to a reduction in emissions from oil and gas extraction (-5%, i.e. -722 ktCO2eq), in air traffic (-32%, i.e. -356 ktCO2eq), and in road transport (-4%, i.e. -346 ktCO2eq, due to travel restriction, home office and the increasing share of electric cars and rechargeable hybrid vehicles). Overall, Norway’s GHG emissions in 2020 stood 4.2% below their 1990 levels.

25

Oct

According to Ireland's Environmental Protection Agency, the country's greenhouse gas (GHG) emissions decreased by 3.6% in 2020 to 58 MtCO2eq. The decrease in emissions is reflected in most sectors with the exception of increases in residential, agriculture  and public services. In the energy sector, GHG emissions fell by 7.9% (-0.74 MtCO2eq), as peat-fired power generation halved and renewable power generation increased noticeably (+15% from wind), covering 42% of the Irish power mix. Residential emissions grew by 9% (+0.59 MtCO2eq), as a result of colder temperatures, historic low oil prices (impacting heating choices), and home working. Emissions from transports fell by nearly 16% (-1.9 MtCO2eq) due to transport restrictions. Overall, Ireland's GHG emissions are still only 7% below 2005 level. The country committed under an EU agreement known as the Effort Sharing Decision to cut GHG emissions by 20% between 2005 and 2020.