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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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18

May

Iran exported 17 bcm of natural gas in the past year (March 2021-March 2022), according to the National Iranian Gas Company (NIGC), including 7.3 bcm to Iraq (43%) and 3.3 bcm to Turkey (19%). Around 98% of cities and 85% of villages in the country are connected to the natural gas transmission network. In 2020, Iran exported 11.3 bcm of natural gas and Iraq sourced 100% of its natural gas imports from Iran, totalling 5.7 bcm in 2020.

28

Apr

Greenhouse gas (GHG) emissions under the EU Emissions Trading System (EU ETS) rose by 7.3% in 2021, due to higher emissions from the power sector, industry and aviation; however, they remain below their 2019 levels.

21

Apr

India's crude oil production declined by 2.7% in the fiscal year 2021-2022 (April 2021 to March 2022) to 29.7 Mt, in line with the recent decrease in oil production due to ageing fields. Oil and Natural Gas Corporation (ONGC) produced 19.45 Mt of crude oil (-3.6%). With the economic recovery, refineries processed 242 Mt of crude oil in the fiscal year 2021-2022 (+9%), producing 254 Mt of petroleum products (+8.9%). In addition, natural gas output rose by 18.7% to 34 bcm in the fiscal year 2021-2022.

19

Apr

US greenhouse gas (GHG) emissions (including LULUCF) declined by 11% in 2020 to 5,222 MtCO2eq, i.e., 21% below 2005 levels, according to the United States Environmental Protection Agency. This was driven by an 11% decrease in CO2 emissions from fossil fuel combustion, primarily due to a 13% drop in transportation emissions driven by lower demand owing to the COVID-19 pandemic. In addition, power sector emissions also fell by 10%, reflecting both a slight decline in demand from the COVID-19 pandemic and a continued shift from coal to natural gas and renewables. In 2020, CO2 accounted for 79% of total emissions, followed by methane (11%), nitrous oxide (7%) and fluorinated gases (3%). Transport is the largest emitter sector (27%), followed by electricity (25%), industry (24%), commercial and residential (13%) and agriculture (11%).