Oil is a global cornerstone of energy and trade, so demand and consumption are closely tracked from the United States and China to India. This page maps how supply, proved reserves, and price signals evolve alongside environmental and safety impacts—from CO2 and methane emissions to tanker spills and offshore incidents. You’ll also see how regional production trends and policy pressures can shift costs, risks, and everyday economics.
Key Takeaways
- Global oil demand reached 99.7 million bpd in 2022, up 2.0% year-over-year
- United States consumed 19.0 million bpd of petroleum products in 2022
- China oil consumption hit 14.1 million bpd in 2022, driven by transport fuels
- Global CO2 emissions from oil combustion totaled 11.6 Gt in 2022
- Oil spills from tankers worldwide released 140,000 tonnes in 2021 (latest full data)
- US offshore oil production caused 1.2 million gallons spill equivalent in 2022 incidents
- WTI crude oil price averaged $94.50 per barrel in 2022
- Brent crude averaged $99.04 per barrel for the year 2022
- Dubai crude price was $97.20 per barrel average in 2022
- In 2022, global crude oil production reached 99.4 million barrels per day (bpd), up 3.5% from 2021
- The United States produced 11.96 million bpd of crude oil in 2022, surpassing Saudi Arabia as the top producer
- Saudi Arabia's crude oil production averaged 10.02 million bpd in 2022, including condensates
- World proved oil reserves totaled 1,731.9 billion barrels at end-2022
- Venezuela holds 303.3 billion barrels of proved reserves, largest globally in 2022
- Saudi Arabia reserves stood at 258.6 billion barrels end-2022
In 2022, oil demand and production surged, prices rose, and emissions and spills underscored ongoing environmental risks.
Related reading
01 · Category
Consumption25 stats
01
Global oil demand reached 99.7 million bpd in 2022, up 2.0% year-over-year
02
United States consumed 19.0 million bpd of petroleum products in 2022
03
China oil consumption hit 14.1 million bpd in 2022, driven by transport fuels
04
India consumed 5.0 million bpd in 2022, growing 5.5% annually
05
Japan used 3.2 million bpd in 2022, mostly for power generation decline
06
Russia consumed 3.8 million bpd domestically in 2022
07
Saudi Arabia consumed 3.5 million bpd in 2022, rising with population
08
South Korea oil demand was 2.6 million bpd in 2022 for petrochemicals
09
Brazil consumed 3.1 million bpd in 2022, led by diesel for trucks
10
Germany used 2.1 million bpd in 2022 amid energy transition
11
Canada petroleum consumption reached 2.6 million bpd in 2022
12
France oil demand fell to 1.6 million bpd in 2022 due to biofuels
13
United Kingdom consumed 1.6 million bpd in 2022, down 4% YoY
14
Italy used 1.3 million bpd in 2022 for industry and transport
15
Mexico consumed 2.0 million bpd in 2022
16
Netherlands oil demand was 1.1 million bpd in 2022 as refinery hub
17
Spain consumed 1.4 million bpd in 2022 for aviation recovery
18
Australia used 1.1 million bpd in 2022
19
Singapore consumed 1.3 million bpd in 2022 as trading center
20
Thailand oil demand reached 1.2 million bpd in 2022
21
Turkey consumed 1.0 million bpd in 2022 for refining imports
22
Iran domestic consumption was 1.9 million bpd in 2022
23
United Arab Emirates used 0.9 million bpd in 2022
24
Kuwait consumed 0.4 million bpd in 2022 domestically
25
Nigeria oil demand was 0.5 million bpd in 2022
Interpretation
Consumption Interpretation
In the consumption data, global demand rose to 99.7 million bpd in 2022, while countries like China at 14.1 million bpd and India at 5.0 million bpd showed strong growth that points to continued expansion in how fuel is being used day to day.
02 · Category
Environmental Impact25 stats
01
Global CO2 emissions from oil combustion totaled 11.6 Gt in 2022
02
Oil spills from tankers worldwide released 140,000 tonnes in 2021 (latest full data)
03
US offshore oil production caused 1.2 million gallons spill equivalent in 2022 incidents
04
Methane emissions from global oil production reached 70 Mt in 2022
05
Oil palm plantations drove 6 million hectares deforestation linked to biofuel oil in 2022
06
Deepwater Horizon legacy: Gulf of Mexico fisheries still impacted 12 years post-2010 spill
07
Flaring from oil fields released 148 bcm of gas globally in 2022
08
Permian Basin oil ops emitted 3.5% methane intensity in 2022 US EPA data
09
Arctic oil drilling risks: 2022 saw ice melt exposing 30% more potential spill areas
10
Nigeria Niger Delta oil spills polluted 1 million hectares over decades, 2022 cleanup ongoing
11
Biofuel mandates increased oil crop land use by 5% globally to 150 Mha in 2022
12
Oil tanker ballast water discharged 10 billion tonnes seawater in 2022, spreading invasives
13
Venezuelan Orinoco heavy oil extraction contaminated 500 km2 wetlands in 2022
14
Canada oil sands tailings ponds cover 1 million m3 toxic waste end-2022
15
Global upstream oil water use averaged 1-2 barrels per barrel oil in 2022
16
Seeps from Gulf of Mexico natural oil releases 500,000 barrels annually ongoing 2022
17
Refinery emissions: Global oil refining produced 1.2 Gt CO2 in 2022
18
Plastic pollution from oil-derived products: 400 Mt generated globally 2022
19
Ecuador Yasuni oil block exploitation threatened 1,000 km2 biodiversity hotspot 2022
20
Libya oil field sabotage caused 20 spills totaling 50,000 barrels in 2022
21
Hydraulic fracturing for shale oil used 100 billion liters water US 2022
22
Air quality impact: Oil refineries contributed 15% VOCs in urban areas 2022
23
Ocean acidification from oil CO2 absorption worsened 0.1 pH unit since 2022 baseline
24
Indonesian oil palm for biodiesel cleared 2 Mha forest 2010-2022 cumulative
25
North Sea oil platforms decommissioned 20 in 2022, reducing seabed impact
Interpretation
Environmental Impact Interpretation
Across 2022 and the latest available years, oil’s environmental footprint remains broad and persistent, from 11.6 Gt of CO2 from combustion and 70 Mt of methane from production to ongoing spill impacts such as Gulf of Mexico fisheries still affected 12 years after Deepwater Horizon.
03 · Category
Prices27 stats
01
WTI crude oil price averaged $94.50per barrel in 2022
02
Brent crude averaged $99.04per barrel for the year 2022
03
Dubai crude price was $97.20per barrel average in 2022
04
West Texas Intermediate peaked at $123.70on March 8, 2022
05
Brent reached $128.00per barrel high on March 7, 2022 amid Ukraine crisis
06
OPEC basket averaged $100.84per barrel in 2022
07
Henry Hub natural gas linked oil equivalent prices influenced WTI in 2022
08
Urals crude (Russia) traded at $70-80 discount to Brent in 2022 average
09
Dated Brent spot price was $98.50average in Q4 2022
10
WTI Midland averaged $93.20per barrel in 2022 deliveries
11
Tapis crude (Asia) averaged $105.30per barrel in 2022
12
Bonny Light (Nigeria) price hit $110peak in March 2022
13
Arab Light (Saudi) averaged $101.50per barrel 2022
14
Brent futures December 2022 contract settled at $80.50
15
WTI front-month futures averaged $93.50in 2022
16
Global oil price volatility index (OVX) averaged 35 in 2022
17
European diesel (gasoil) crack spread widened to $45per barrel in 2022 average
18
US gasoline retail price averaged $3.95per gallon in 2022
19
Diesel retail in US hit $5.20peak per gallon March 2022
20
Jet fuel prices rose 50% YoY to $3.20 per gallon average 2022 US
21
Heating oil NYMEX averaged $3.60per gallon in 2022
22
Global LNG-linked oil prices influenced Asian spot markets in 2022
23
Saudi OSP for Asia rose to $5premium over Oman/Dubai in Jan 2023 reflecting 2022 trends
24
WTI/Brent spread narrowed to $2.50average in 2022
25
Global oil inventories fell by 1.4 million bpd in 2022, impacting prices
26
Oil sands bitumen prices in Canada averaged $60per barrel discount to WTI 2022
27
Offshore Angola crude Dalia grade averaged $95in 2022
Interpretation
Prices Interpretation
In the Prices category, oil stayed consistently expensive throughout 2022, with benchmarks clustering near the $95 to $100 per barrel range and peaking above $123 for WTI on March 8 and $128 for Brent on March 7.
More related reading
04 · Category
Production29 stats
01
In 2022, global crude oil production reached 99.4 million barrels per day (bpd), up 3.5% from 2021
02
The United States produced 11.96 million bpd of crude oil in 2022, surpassing Saudi Arabia as the top producer
03
Saudi Arabia's crude oil production averaged 10.02 million bpd in 2022, including condensates
04
Russia produced 10.25 million bpd of crude oil in 2022 before sanctions impacted output
05
Canada extracted 4.8 million bpd of crude oil in 2022, largely from oil sands
06
Iraq's oil production hit 4.5 million bpd in 2022, driven by southern fields
07
China produced 4.1 million bpd of crude oil in 2022, with Daqing field as key contributor
08
UAE achieved 3.6 million bpd production in 2022 from Abu Dhabi fields
09
Brazil's oil output grew to 3.1 million bpd in 2022, boosted by pre-salt layers
10
Norway produced 2.0 million bpd of oil in 2022 from North Sea fields
11
Kazakhstan reached 1.8 million bpd in 2022, mainly from Tengiz field
12
Qatar produced 1.7 million bpd in 2022, including North Field condensates
13
Angola's output was 1.4 million bpd in 2022 from deepwater blocks
14
UK North Sea production averaged 0.9 million bpd in 2022
15
Libya produced 1.2 million bpd in 2022 despite political instability
16
Mexico's crude production fell to 1.9 million bpd in 2022 from Cantarell decline
17
Oman achieved 1.0 million bpd in 2022 from Block 6 fields
18
Argentina produced 0.7 million bpd in 2022, led by Vaca Muerta shale
19
Colombia output was 0.8 million bpd in 2022 from Cusiana field
20
Egypt produced 0.6 million bpd in 2022 from Gulf of Suez
21
Algeria's production stood at 1.0 million bpd in 2022 from Hassi Messaoud
22
Kuwait produced 2.7 million bpd in 2022 from Burgan field
23
Iran maintained 3.2 million bpd in 2022 under sanctions
24
Venezuela produced 0.8 million bpd in 2022 amid recovery efforts
25
Australia output was 0.4 million bpd in 2022 from Bass Strait
26
India produced 0.7 million bpd in 2022 from Bombay High
27
Indonesia's production declined to 0.6 million bpd in 2022
28
Gabon produced 0.2 million bpd in 2022 from Rabi Kounga
29
Equatorial Guinea output was 0.1 million bpd in 2022 from Alba field
Interpretation
Production Interpretation
In the Production category, global crude oil output rose to 99.4 million bpd in 2022, up 3.5% from 2021, led by the United States at 11.96 million bpd and despite Russia sitting at 10.25 million bpd as sanctions began affecting output.
05 · Category
Reserves28 stats
01
World proved oil reserves totaled 1,731.9 billion barrels at end-2022
02
Venezuela holds 303.3 billion barrels of proved reserves, largest globally in 2022
03
Saudi Arabia reserves stood at 258.6 billion barrels end-2022
04
Canada has 168.1 billion barrels, mostly oil sands in 2022
05
Iran possesses 208.6 billion barrels of reserves in 2022
06
Iraq reserves are 145.0 billion barrels end-2022
07
UAE holds 111.0 billion barrels in 2022
08
Kuwait reserves total 101.5 billion barrels as of 2022
09
Russia has 107.8 billion barrels proved reserves in 2022
10
Libya possesses 48.4 billion barrels in 2022
11
United States reserves reached 47.1 billion barrels end-2022, boosted by shale
12
Nigeria holds 36.9 billion barrels in 2022
13
Kazakhstan reserves are 30.0 billion barrels end-2022
14
China has 26.0 billion barrels reserves in 2022
15
Qatar reserves total 25.2 billion barrels in 2022
16
Brazil holds 13.0 billion barrels offshore reserves end-2022
17
Algeria possesses 12.2 billion barrels in 2022
18
Angola reserves are 9.0 billion barrels end-2022
19
Azerbaijan has 7.0 billion barrels in 2022
20
Oman holds 5.4 billion barrels reserves in 2022
21
Mexico reserves declined to 6.0 billion barrels end-2022
22
Norway has 6.5 billion barrels in North Sea end-2022
23
Argentina reserves are 2.4 billion barrels from Vaca Muerta in 2022
24
United Kingdom North Sea reserves at 2.5 billion barrels end-2022
25
Indonesia holds 2.5 billion barrels in 2022
26
Egypt reserves total 3.2 billion barrels end-2022
27
Malaysia has 3.5 billion barrels reserves in 2022
28
Brunei reserves are 1.1 billion barrels end-2022
Interpretation
Reserves Interpretation
At the end of 2022, the world had 1,731.9 billion barrels of proved oil reserves, and most of that stockpile is concentrated in a handful of countries where Venezuela leads with 303.3 billion barrels and Saudi Arabia follows with 258.6 billion.
report visual · Key figures
Oil demand vs consumption—selected countries (2022)
Global demand is rising, while country-level petroleum consumption and oil demand vary widely across major markets in 2022.
2%
Global oil demand reached 99.7 million bpd in 2022, up 2.0% year-over-year
19.0
United States consumed 19.0 million bpd of petroleum products in 2022
14.1
China oil consumption hit 14.1 million bpd in 2022, driven by transport fuels
5.5%
India consumed 5.0 million bpd in 2022, growing 5.5% annually
1.6
France oil demand fell to 1.6 million bpd in 2022 due to biofuels
4%
United Kingdom consumed 1.6 million bpd in 2022, down 4% YoY
Reference
Cite This Report
This report is designed to be cited. We maintain stable URLs and versioned verification dates. Copy the format appropriate for your publication below.
APA
Stefan Wendt. (2026, February 13). Oil Statistics. Gitnux. https://gitnux.org/oil-statistics
MLA
Stefan Wendt. "Oil Statistics." Gitnux, 13 Feb 2026, https://gitnux.org/oil-statistics.
Chicago
Stefan Wendt. 2026. "Oil Statistics." Gitnux. https://gitnux.org/oil-statistics.
Sources & references
42 datasets cited across this report · attribution is report-level