(CNN)Here's a look at crude oil reserves and production around the world. Facts Crude oil is a form of liquid petroleum, extracted from rock formations and used for fuel and other purposes. 9 Interesting Facts about Oil. In 1854, the Pennsylvania Rock Oil Company became the first company to drill for oil. Up to that time, crude oil was collected from where the crude oil seeped to the surface. People would fill buckets from these seeps and burn the crude for fuel. The first successful oil well in North America was in Oil Springs, Oil is measured in barrels, which is equal to 42 US gallons or 159 liters. The US has the 10th largest oil reserve in the world. Venezuela has the largest, with 298.35 billion barrels compared to the US’ 33 billion barrels. The US consumes more oil than any other country -- 1.85 billion barrels per day. Gasoline makes up 45% of crude oil. Crude oil is measured in barrels, which are each equivalent to 42 U.S. gallons. 8. One barrel of oil accounts for about 19.15 gallons of gasoline, 9.21 gallons of diesel, 3.82 gallons of jet fuel, 1.75 gallons of heating oil and about 7.3 gallons for other petrochemical products like tar, asphalt, bitumen, etc. Global demand for crude oil (including biofuels) in 2018 amounted to 99.2 million barrels per day and is projected to increase to 100.6 million barrels per day in 2019. When compared to the daily oil demand of 86.4 million barrels in 2010, the increasing demand trajectory is clear. Only a small amount of crude oil is directly consumed in the United States. Nearly all of the crude oil that is produced in or imported into the United States is refined into petroleum products such as gasoline, diesel fuel, heating oil, and jet fuel, which are then consumed. Key facts. Canada is the fourth largest producer and fourth largest exporter of oil in the world. 96% of Canada’s proven oil reserves are located in the oil sands. 96% of Canada’s oil exports go to the U.S. GHG emissions per barrel of oil produced in the oil sands have fallen 28% since 2000.
According to the Energy Information Administration, here is the breakdown of U.S. Petroleum Consumption in 2001: Gasoline (Used to fuel cars) – 44%; Heating 4 Feb 2020 India consumed 213.2 MMT petroleum products and 60,747 MMSCM natural gas . The import dependency of crude oil and LNG during 2018
Global demand for crude oil (including biofuels) in 2018 amounted to 99.2 million barrels per day and is projected to increase to 100.6 million barrels per day in 2019. When compared to the daily oil demand of 86.4 million barrels in 2010, the increasing demand trajectory is clear. Only a small amount of crude oil is directly consumed in the United States. Nearly all of the crude oil that is produced in or imported into the United States is refined into petroleum products such as gasoline, diesel fuel, heating oil, and jet fuel, which are then consumed. Key facts. Canada is the fourth largest producer and fourth largest exporter of oil in the world. 96% of Canada’s proven oil reserves are located in the oil sands. 96% of Canada’s oil exports go to the U.S. GHG emissions per barrel of oil produced in the oil sands have fallen 28% since 2000. Production and Consumption in the US. In October 2019, the United States produced about 12.65 million barrels of crude oil per day. The United States leads the world in total petroleum production, ahead of Saudi Arabia and Russia in 2017. The United States consumed an average of 19.96 million barrels of petroleum products per day in 2017.
Organization of Petroleum Exporting Countries (OPEC). IEA: Key World Energy Statistics: Supply: Crude oil production. Consumption (by fuel or region). 25 Aug 2019 According to the US Energy Information Administration, the world consumed 96.92 million barrels of oil per day in 2016, while the top ten 27 Nov 2019 The main sources of energy in Switzerland are oil, natural gas, In 2015 per capita electricity consumption in Switzerland was 7,033 kWh.
15 Jul 2019 to create an oversupply of high-sulfur fuel oil while sparking demand senior analyst at energy consultant Facts Global Energy, told CNBC. 18 Mar 2019 Fact 3: The United States leads the world in oil consumption using 19.2 mil. barrels/day. Fact 4: Saudi Arabia holds the most oil reserves at 264. Oil is a fossil fuel and liquid hydrocarbon used mainly for the production of transportation fuels and petroleum-based products.