And is this reputation justified? See the distribution of global forests and which countries have the most forest cover. 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. (eds.) 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. Meijaard, E., Garcia-Ulloa, J., Sheil, D., Wich, S.A., Carlson, K.M., Juffe-Bignoli, D., and Brooks, T.M. Carlson, K. M., Heilmayr, R., Gibbs, H. K., Noojipady, P., Burns, D. N., Morton, D. C., & Kremen, C. (2018). 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. While the upstream sector could see its capacity cushion deflate, the refining sector is struggling with excess capacity. Only 2.8% was in Indonesia, and 0.2% in Malaysia. As of 2022, the US had the 11th largest oil reserves in the world at 35.23 billion barrels. Please refer to thecookie policy for collected data, privacy and GDPR compliance. The impacts of oil palm on recent deforestation and biodiversity loss. At the end of 2018, the state-owned Kuwait Petroleum Corporation announced its intention to increase oil production to 4mbbl/day by 2020, through an investment plan worth approximately $115bn. In 2020, operators spent one-third less than planned at the start of the year (and 30% less than in 2019). But has this expansion came at the expense of tropical forest? According to Reuters, during the first few months of 2022, Chinas crude oil refineries have been cutting production due to COVID-19 lockdowns as the virus continues to challenge the governments zero-COVID strategy. 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. The US also consumes more oil than any other country worldwide. This is because both countries achieve high yields. In the next section we will look at what countries produce palm oil, but here we see a map of palm oil imports. This has had a negative impact on the environment, particularly in Indonesia and Malaysia. 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]. As wed expect, all of these countries lie along the zone of optimal conditions around the equator. This study only looks at the Borneo region. 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 April 2022, Brazil was reportedly in discussions with the US to increase its oil production in response to Russias war in Ukraine. Oil palm is a tropical plant species. Most of Russias reserves are located in West Siberia, between the Ural Mountains and the Central Siberian Plateau, as well as in the Urals-Volga region, extending into the Caspian Sea. 2023 Battery Metals Outlook: Australia Edition, NEW! Oil production is measured in barrels per day. Chart Tools. Global oil production has continued to rise over the years. So, 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. Aligning with the World Energy Outlooks Sustainable Development Scenario which maps out a trajectory consistent with the climate goals of the Paris Agreement and other sustainable energy objectives oil demand would have to decline by 3mb/d over the same period. In the absence of more rapid policy intervention and behavioural changes, longer-term drivers of growth will continue to push up oil demand. 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%). 2023 Gold Outlook: Australia Edition. The non-oil fraction of soybeans, for example, can be allocated to other uses such as high-protein animal feed. In 2021, total upstream investment is expected to rise only marginally. 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. Ethane, LPG and naphtha together account for 70% of the projected increase in oil product demand to 2026. OPEC was created at the Baghdad Conference in 1960, with founding members Iran, Iraq, Kuwait, Saudi Arabia and Venezuela. 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. 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. How has land use for palm oil changed over time? OECD demand, by contrast, is not forecast to return to pre-crisis levels. From shampoos, to detergents, from chocolate to cookies, companies are trying to eliminate palm oil from their products. Peeling back the labelexploring sustainable palm oil ecolabelling and consumption in the United Kingdom. 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. Licenses: All visualizations, data, and articles produced by Our World in Data are open access under the Creative Commons BY license. Canadian Crude Oil Exports: A 30 Year Review Between 1990 and 2019, the total value of Canada's merchandise exports has nearly quadrupled, rising from $151.8 billion to $598.2 billion. There are a number of steps we can take to ensure we meet global demand for oils, without destroying our tropical forests. Global oil demand, still reeling from the effects of the pandemic, is unlikely to catch up with its pre-Covid trajectory. Create a free IEA account to download our reports or subcribe to a paid service. According to the EIA, Iran holds the worlds third largest proven oil reserves, as well as the worlds second largest natural gas reserves. Global crude oil output rose by less than 1% in 2021 after a 7.4% drop in 2020. Thank you for subscribing. The nation is the worlds second largest consumer of oil and moved from being the second largest net importer of oil to the largest in 2014. ; 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 not the case for biofuels, yet two-thirds of the EUs imported palm oil goes to bioenergy production. While Canada ranks fourth in annual production, the country still imports a large amount of oil annually. But we should consider this in the context of all land used to grow oilcrops. To make space for more croplands and pastures, we have been displacing forests, grasslands and peatlands areas of rich biodiversity. Rape and mustardseed oil were also in proportion. This is a change of 6.02% from 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. The breakdown of global vegetable oil production by crop is shown in the stacked area chart. 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 What causes deforestation in Indonesia?. Winter could br In the chart we see the production of the palm oil plant across a number of countries. 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, Need help with your purchase ? OPEC countries, including Saudi Arabia, made up the largest share of production at 35% or 1.5 billion tonnes of oil. How can we use palm oil without destroying tropical forests? It holds the worlds fifth largest proven oil reserves at 145 billion barrels; that represents 8.4 percent of global reserves. It also shows crude oil production excluding the two countries which have recently been subject to sanctions: Iran and Venezuela. So, how much of palm oils expansion has really come at the expense of forests? Help us do this work by making a donation. Palm oil accounts for 6% of this land use, which is small when we consider that it produces 36% of the oil. [4] In May 2019 the country became a net oil and gas exporter for the first time since 1953. Global oil consumption per capita is 5 barrels of oil (199 gallons) per person yearly (based on the 2016 world population of 7,464,022,049 people) or 0.5 gallons per capita per day. Coconut oil, for example, provided only 1.4% of global oil but required 3.6% of the land. 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. Part of what makes this question so challenging to answer is that it depends on whether you only consider palm plantations which immediately and directly replaced existing forest, or whether you include plantations which very quickly replaced forests which had been logged for wood, paper and pulp. The most important key figures provide you with a compact summary of the topic of "Oil industry worldwide" and take you straight to the corresponding statistics. Saudi Arabias oil output came in at 10,835,000 bpd in 2021. The US is the top producer of oil, but the country requires foreign imports to meet its increasing domestic demand. Austin, K. G., Schwantes, A., Gu, Y., & Kasibhatla, P. S. (2019). Please consult our full legal disclaimer. If we want to limit our environmental impact, reducing the amount of land we devote to agriculture is key. The country holds less than 1% of the world's oil reserves - enough to last around 15 years. Plant Production Science, 8(3), 288-297. 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. The current level of U.S. crude oil production as of February 2022 is 11,600.00 thousand barrels per day. Therefore using this land to grow the crop is meeting other food demand at the same time. There are some products where using palm is our best option. European Journal of Lipid Science and Technology, 109(4), 307-314. Most recently, the Trump Administration placed Venezuela's oil sector under . If global oil was supplied solely from palm, wed need 77 million hectares, around four times less. We know from our yield comparison that palm oil achieves a much higher yield. The most well-known is the Roundtable on Sustainable Palm Oil (RSPO). 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. Led by Saudi Arabia, it controls production, supply and pricing in the global petroleum market. 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. 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? Venezuela was way down the list, at #25 . Please consult our full legal disclaimer. 3. Scientific reports, 6(1), 1-13. 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. A situation analysis by the IUCN Oil Palm Task Force. Our World in Data is free and accessible for everyone. Oil demand in 2025 is set to be 2.5 mb/d lower than was forecast a year ago in our Oil 2020 report. In 2021, the US crude oil production (17% of global output) increased by 1.3%. 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. The United Arab Emirates accounts for 5.6 percent of global total reserves. , 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 World Crude Oil Production measures the number of barrels of crude oil that are produced per day in the world. As the third largest oil-producing nation, Russia accounts for 10 percent of global output. The price of oil shown is adjusted for inflation using the headline CPI and is shown by default on a logarithmic scale. When will countries phase out coal power? The current price of WTI crude oil as of February 28, 2023 is $77.09 per barrel. , Top 5 US Oil and Gas Dividend Stocks in 2023. Some studies suggest that palm oil has played a very small role in global forest loss. In 1970, the world was producing only 2 million tonnes. Energy stocks outperformed last year, with the sector generally gaining 59% in a year when the S&P 500 dropped 19%. Cushion deflate, the US also consumes more oil than any other country worldwide 1970, the country still a. The global petroleum market year ( and 30 % less than 1 % of the EUs imported oil! 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