GITNUX MARKETDATA REPORT 2024

Must-Know Cost Of Oil Spills Statistics [Current Data]

Statistic 1

"The Deepwater Horizon oil spill cost BP over $65 billion."

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Statistic 2

"The Exxon Valdez oil spill cost $4.4 billion in clean-up and compensation."

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Statistic 3

"In 2018, the U.S. spent more than $200 million in federal funds on oil spill prevention and response."

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Statistic 4

"The total economic loss from the Deepwater Horizon spill is estimated to be between $61 billion to $123 billion."

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Statistic 5

"The cost of oil spills in the European Union is estimated to be around €400 million per year."

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Statistic 6

"Cleanup and settlement costs for the Galveston Bay oil spill in 2014 were estimated to be around $100 million."

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Statistic 7

"On average, oil spills from 1977 to 2002 cost around $2,800 per ton of oil spilled."

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Statistic 8

"The average response cost per oil spill from 1992 to 2011 was around $880,000."

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Statistic 9

"In 2013, Nigeria experienced economic losses of $1 billion due to oil spills and pipeline vandalism."

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Statistic 10

"The cost estimation of oil spill clean-up in the United States ranged from $159 to $619 per gallon of oil from 1984 to 2004."

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Statistic 11

"Insurance claims related to oil spills has decreased by 29% from 2009 to 2018."

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Statistic 12

"The 2016 non-tanker oil spill estimate was about 4,000 tonnes."

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Statistic 13

"The Kalamazoo River oil spill in 2010 resulted in approximately $1.2 billion in clean-up costs."

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Statistic 14

"From 2016 to 2020, there were over 4.4 million barrels of crude oil spilled globally."

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Statistic 15

"Between 2010 and 2019, there were 25 major oil spills reported in the United States, with an average cost of $90 million per incident."

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