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bp Statistical Review shows 4.5% drop in primary energy consumption in 2020; mainly driven by oil

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bp released the 70 th annual edition of the bp Statistical Review of World Energy ; the data collected in this year’s edition includes energy data for 2020. This fall was driven mainly by oil, which accounted for almost three quarters of the net decline. World oil production fell for the first time since 2009 by 6.6 million b/d.

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Refineries in the Americas produce a greater share of gasoline per barrel of crude oil than refineries in other world regions

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The International Energy Agency’s Monthly Oil Statistics shows that there are differences in refinery output throughout the world. Source: International Energy Agency, Monthly Oil Statistics, February 2020, Paris, France.,

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EIA: China processed record amounts of crude oil in 2021 but exported less gasoline and diesel

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China processed record amounts of crude oil in 2021 to meet rising domestic consumption of petroleum products, according to analysis by the US Energy Information Administration (EIA). According to China’s National Bureau of Statistics, China processed a record 14 million barrels per day (b/d) of crude oil in 2021, a 4.6%

Oil 370
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ONGC: Russia’s Sakhalin-1 oil output at 200,000 bpd

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India’s state-run Oil and Natural Gas Corp (ONGC) said that oil output from the Sakhalin-1 project in Russia has returned to a plateau level of 190,000 - 200,000 barrels per day (bpd) from zero. In April 2023, Russia’s Rosneft offered dividend payments to OVL against its 20% stake, rather than equity oil. billion dollars.

Oil 305
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BP Statistical Review finds global oil share down for 12th year in a row, coal share up to highest level since 1969; renewables at 2%

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Oil remains the world’s leading fuel, but its 33.1% seen in 2010, according to the newly released BP Statistical Review of World Energy, 2012. seen in 2010, according to the newly released BP Statistical Review of World Energy, 2012. The fossil fuel mix continues to change with oil, the world’s leading fuel at 33.1%

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Platts Report: China oil demand rises 2.9% in October from year ago, YTD up 2%

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China’s apparent oil demand in October rose 2.9% Despite the year-over-year increase, China’s apparent oil demand in October slipped 2.5% Meanwhile, total apparent oil demand was 9.96 million b/d, according to data released by the National Bureau of Statistics (NBS) mid-November. China’s oil product imports tumbled 22.2%

Oil 268
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MIT/UC Davis professors challenge claims that ethanol production decreased gasoline prices in 2010 and 2011

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t margin for oil refiners. Put simply, the empirical results merely reflect the fact that ethanol production increased during the sample period whereas the ratio of gasoline to crude oil prices decreased. When we control for the energy costs of refining using oil and natural gas prices, the estimated effect is $0.13

Davis 334