At the end of 2023,the world's proven oil reserves reached 1,754.6 billion bbl,an increase from the previous year's 1,746.8 billion bbl,according to the Oil & Gas Journal(OGJ)'s annual assessment.Notably,the Western Hemisphere region took the lead in this growth.Similarly,global proven ...
Reserves & production Trade & prices Consumption Companies Employment Outlook The most important statistics Global crude oil reserves 1960-2023 Global oil production 1998-2023 Global crude oil demand 2005-2024 Global crude oil investment returns 2010-2023 ...
Global oil consumption 1998-2023 Published byStatista Research Department,Oct 15, 2024 Oil consumption worldwide reached approximately 100.2 million barrels per day in 2023. This was an increase of around three percent in comparison to the previous year, when global oil consumption experienced a drop...
, including the distribution and production of global oil and gas fields, the distribution and changes of remaining recoverable reserves, the differences in oil and gas production between regions/countries, and the development potentials of oil and gas fields unproduced and to be produced in 2023....
While DNV GL’s model predicts global oil demand to peak in 2023, demand for gas will continue to rise until 2034. New resources will be required long after these dates to continue replacing depleting reserves. DNV GL’s 2018 Energy Transition Outlook, an independent forecast of the world ene...
Figures come from the World Nuclear Association, last updated on August 2023.Ranked: Uranium Reserves By Country (2021)Australia, Kazakhstan, and Canada have the largest shares of available uranium resources—accounting for more than 50% of total global reserves....
However, the rising consumption going into the summer, falling oil production in Russia, and the risk of supply outages amid low global inventory levels will support crude oil prices in the coming months, the report forecasted, adding that the release of strategic reserves by the United States ...
OPEC controls about 40% of global oil supplies and more than 80% of proven oil reserves. This dominant position ensures that the coalition has a significant influence on the price of oil, at least in the short term. Over the long term, its ability to influence the price of oil is ...
Oil and gas companies currently have assets for sale with recoverable reserves of more than 5 billion barrels of liquids and 7.5 billion barrels of oil equivalent (boe) of natural gas, Rystad Energy estimates. While some of these planned divestments were ann...
Oil demand growth has started to show signs of slowing, and demand is expected to begin to decline by 2030 across all scenarios.The Global Energy Perspective 2023 models the outlook for demand and supply of energy commodities across a 1.5°C pathway, aligned with the Paris Agreement, and four...