Energy Charts  -   world's largest oil consumers, and world's largest reserves of fossil fuels.

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U.S. oil imports have decreased during the past two years. Oil imports are continuing to increase in China and India.

 Several forecasts estimate that daily consumption of crude oil will go up to 118 million barrels per day by 2030. China and India will account for 43 percent of the total global use over the projected period.

Global oil consumption between 1990 and 2000 increased by 12.8%. From 2000 to 2010 world oil consumption increased by 11.6%. Forecasts by a variety of sources including the International Energy Agency predict that world oil demand will increased by 30 million barrels per day in 2030 if demand increases at the present annual growing rate of 1.1 million barrels.

 

OPEC member nations account for 34% of the global oil production but these same nations have 66% of the world oil reserves. OPEC comprises of 12 member nations - Algeria, Angola, Ecuador, Iran, Iraq, Kuwait, Libya, Nigeria, Qatar, Saudi Arabia, the United Arab Emirates, and Venezuela.

 The U.S. Energy Information Administration predicts that Brazil will become the fourth largest energy producer in the world by 2035. Its basing its evaluation oil development coupled large offshore crude oil reserves 

EIA forecasts that Mexico’s falling reserves will see that country a net importer by 2020.

 

Russia’s oil production set a new milestone in 2010. Its oil output during the year averaged at 10.145 million barrels per day. The recent launching of East Siberian oil fields will boost that country’s oil production by 1.1% in 2011. Russia’s crude oil output projections for this year are expected to reach 10.26 million barrels per day. Russia has surpassed Saudi Arabia and is the world’s largest oil exporter.

Norway’s oil production has been slipping.  In the past decade, that countries oil production has fallen by 42%.

Mexico’s production is on a steep downturn as its oil development is unable to keep up with falling reserves.

 

Canada has the second largest crude oil reserves in the world and possibly the largest as there is possible undiscovered reserves in Canadian Arctic. This country is the largest supplier of oil to the U.S.

While Saudi Arabia, claims to have the highest oil reserves in the world, these are difficult to ascertain, as the Saudis remain very secretive.

Russia’s and Venezuela’s reserves are very uncertain. Venezuela has made claims that it has the largest undeveloped reserves tar sands in the world. Russia’s reserves may be very conservative values.

 

U.S. shale natural gas reserves have shown an explosive increase in recent years as horizontal drilling and hydraulic fracturing has dramatically changed the once unattainable.

There are vast sources of shale natural gas deposits throughout the world. Parts of Australia, Europe, south America and Canada  have  a great potential.

The National Energy Board estimates that the Mackenzie Valley and the Beaufort Sea contain in total 61 trillion cubic feet of conventional natural gas reserves. Tight shale plays in British Columbia may equal the tight shale plays in the U.S.

 

Coal is the world's most abundant fossil fuel. Over 2,000 years ago, coal was commonly used in China and parts of the Roman Empire. Records indicate that people burned coal over 4,000 years ago in Wales. Coal is second only to oil as an energy source in the world.

There is over 909 billion tonnes of proven coal reserves worldwide and there is enough coal to last over 155 years at current demand. Coal is located worldwide and it can be found on every continent on this globe.

 

 

Oil shale was once used during the mid-1800s to produce kerosene, paraffin, fuel oil, lubricating oil, grease, and ammonium sulphate

U.S. sits on the word on the largest deposits of oil shale which cover a vast area in the States of Colorado and Utah. During the mid-seventies several oil companies developed large surface mining of shale. Modified 'in situ' extraction was also experimented in one large project; this project closed in 1991. Economics proved that it was unprofitable to extract oil shale.

 

 

 

World’s largest oil refinery was completed by Reliance Industries in western India in December of 2008 at a cost of $6 billion. The new refinery added a capacity of 580,000 barrels per day to the existing refinery built in 1999. The  resultant Jamnager Refinery complex is the world's largest refinery with an aggregate processing capacity of 1.24 million barrels of oil per day. 

 

Cost of constructing new refineries has been almost prohibitive in recent times. Though environmental regulations are adding to shutting down old refineries and preventing from setting up new locations.

It is almost certain that there will have to be some changes in the future as demand for gasoline, distillates and other refined fuels continues to increase.

 

 

 

Weekly rig counts for Western Canada are made available by Canadian Association of Oilwell Drilling Contractors.

Baker Hughes is perhaps the most famous and issues weekly rig counts for the U.S., Canada and worldwide.

ODS-Petrodata issues comprehensive global off shore rig data which is updated weekly.