Oil Products Diesel fuel (7% of crude oil). Gasoline (45% of crude oil). Heating (25% of petroleum products). Engine grease (2% of petroleum products). Jet fuel (7% of petroleum products).
Energy is used for: heat for living & cooking. lighting and refrigeration. powering machines for industrial production. turns motors for transportation of people and goods.
Top World Oil Producers, 2003*(OPEC members in italics
Country Total Oil Production** (million barrels per day) Saudi Arabia9.95 United States8.84 Russia8.44 Iran3.87 Mexico3.79 China3.54 Norway3.27 Canada3.11 United Arab Emirates2.66 Venezuela2.58 United Kingdom2.39 Kuwait2.32 Nigeria2.25 )
Top World Oil Net Exporters, 2003* (OPEC members in italics )
Country Net Oil Exports (million barrels per day) Saudi Arabia8.38 Russia5.81 Norway3.02 Iran2.48 United Arab Emirates2.29 Venezuela2.23 Kuwait2.00 Nigeria1.93 Mexico1.74 Algeria1.64 Libya1.25
Electric Utilities 1% Residential - Commercial 2% Industry 9% Transportation 88%
World Consumers and Importers 2003: Leading Oil ConsumersLeading Oil ImportersLeading sources of US imports USA (20 million barrels per day) China (5.6) Japan (5.5) Germany USA (11.1 million b/d) Japan (5.3) Germany (2.5) South Korea (2.2) Canada (17%) Saudi Arabia (14.5%) Mexico (13%) Venezuela (11%)
World’s largest oil consumers (1999) country Million barrels/day % world total U.S.A. 17.74 24.8 Japan 5.79 8.1 China 4.01 5.6 Soviet Union 3.99 5.6
World’s largest oil importers (% of world total, 1999): USA - 11.2% Japan - 9.1%
Most of the world’s oil is located in one region: the Middle East.
World’s largest oil reserves (1999)Country Barrels (Billions) % world total Saudi Arabia 261.5 25. Iraq 112.5 10.8 UAE 97.8 9.4 Kuwait 96.5 9.3, Iran 93.0 9.0 Venezuela 71.7 6.9 Soviet Union 65.4 6.3 Top five countries account for 63.7% of global oil reserves.
Oil production In 2000, global oil production was at 68 million barrels per day.
In 2001, the global oil demand was at 77million barrels per day
Oil production is marginal or non-existent in a many countries, most notably in Africa. Eight producers accounted for 55% of the global production:
Saudi Arabia, the United States, Russia, Iran, China, Venezuela, Mexico and Norway.
Seven countries accounted for 52% of the global oil demand: United States, Japan, China, Germany, Russia, Italy and France.
Of all demands placed on the world’s Natural resource base, the most basic yet far-reaching is the need for energy.
Everyone depends on daily energy for physical health and economic prosperity. possible.