GITNUX MARKETDATA REPORT 2024

Oil Capacity Statistics

Oil capacity statistics refer to the amount of oil that can be stored or produced by a particular entity within a given time period.

With sources from: tradingeconomics.com, oilprice.com, statista.com, norskpetroleum.no and many more

Statistic 1

The total global oil production in 2020 is estimated to be around 94.25 million barrels per day.

Statistic 2

The United States was the top oil-producing country in the world in 2019, pumping out approximately 19.51 million barrels of oil per day.

Statistic 3

In 2020, the average capacity of cargo ships for oil and petroleum products was around 60,000 DWT.

Statistic 4

As of 2021, Iran holds the second-largest proved crude oil reserve volume worldwide, at around 155.6 billion barrels.

Statistic 5

In 2019, OPEC's share of the total global crude oil production was about 30 percent.

Statistic 6

In 2021, the average daily production of oil in Saudi Arabia was approximately 9.24 million barrels.

Statistic 7

In 2020, Canada produced around 5.47 million barrels of oil per day.

Statistic 8

As of 2019, the Alberta oil sands had estimated oil reserves of about 165.4 billion barrels.

Statistic 9

In 2020, Russia accounted for approximately 12 percent of the total global crude oil production.

Statistic 10

Libya in North Africa is home to Africa's largest proven oil reserves at around 48.4 billion barrels.

Statistic 11

Between 2020 and 2021, the state of Texas produced an average of 4.6 million barrels of oil per day.

Statistic 12

As of 2020, there were over 4,500 oil platforms operating in deep water globally.

Statistic 13

The Zakum field is the second-largest oil field in the world, with an estimated 66 billion barrels of oil reserves.

Statistic 14

China's daily oil consumption reached 13.57 million barrels in 2017.

Statistic 15

The United Arab Emirates, as of 2020, has a total estimated oil capacity of about 97.8 billion barrels.

Statistic 16

Norway produced around 2.1 million barrels of oil per day in 2019.

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In this post, we will explore key statistics related to global oil production, top oil-producing countries, cargo ship capacities, proven oil reserves, and other significant metrics shaping the oil industry landscape. From the total global oil production in 2020 to specific country contributions and reservoir sizes, we will analyze essential data points that offer insights into the intricate world of oil capacity and distribution.

Statistic 1

"The total global oil production in 2020 is estimated to be around 94.25 million barrels per day."

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Statistic 2

"The United States was the top oil-producing country in the world in 2019, pumping out approximately 19.51 million barrels of oil per day."

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Statistic 3

"In 2020, the average capacity of cargo ships for oil and petroleum products was around 60,000 DWT."

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Statistic 4

"As of 2021, Iran holds the second-largest proved crude oil reserve volume worldwide, at around 155.6 billion barrels."

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Statistic 5

"In 2019, OPEC's share of the total global crude oil production was about 30 percent."

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Statistic 6

"In 2021, the average daily production of oil in Saudi Arabia was approximately 9.24 million barrels."

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Statistic 7

"In 2020, Canada produced around 5.47 million barrels of oil per day."

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Statistic 8

"As of 2019, the Alberta oil sands had estimated oil reserves of about 165.4 billion barrels."

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Statistic 9

"In 2020, Russia accounted for approximately 12 percent of the total global crude oil production."

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Statistic 10

"Libya in North Africa is home to Africa's largest proven oil reserves at around 48.4 billion barrels."

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Statistic 11

"Between 2020 and 2021, the state of Texas produced an average of 4.6 million barrels of oil per day."

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Statistic 12

"As of 2020, there were over 4,500 oil platforms operating in deep water globally."

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Statistic 13

"The Zakum field is the second-largest oil field in the world, with an estimated 66 billion barrels of oil reserves."

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Statistic 14

"China's daily oil consumption reached 13.57 million barrels in 2017."

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Statistic 15

"The United Arab Emirates, as of 2020, has a total estimated oil capacity of about 97.8 billion barrels."

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Statistic 16

"Norway produced around 2.1 million barrels of oil per day in 2019."

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Interpretation

Based on the statistics presented, it is evident that the global oil industry is a complex and multifaceted network involving various countries and regions. The data highlights key players such as the United States, Saudi Arabia, Russia, Iran, and Canada, each contributing significantly to the global oil production landscape. Additionally, statistics regarding proven reserves in countries like Libya and the UAE underscore the importance of these regions in the global oil market. The numbers on daily oil consumption in China and the average capacity of cargo ships further emphasize the scale and scope of the oil industry's activities. Overall, these statistics provide valuable insights into the dynamics of the oil sector and its impact on both individual countries and the global economy.

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