THE OIL REFERENCE QUICK DATA SHEET 2004
DISCOVERY (Source: ASPO)
WORLD
(per day): 24.7 M barrels = 0.02 Gb = 3.4 M tonnes = 3,900 M liters
(per year): 9,000 M barrels = 9.0 Gb = 1.23 M tonnes = 1430 gigaliters
Peak of world discovery: 1964
Peak of USA-48 discovery: 1930
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PRODUCTION (Source: ASPO)
WORLD
(per day): 66.1 M barrels = 0.07 Gb = 9.0 M tonnes = 10,500 M liters
(per year): 24,100 M barrels = 24.1 Gb = 3,300 M tonnes = 3,800 gigaliters
MIDDLE EAST
(per day): 19.4 M barrels = 0.02 Gb = 3.1 M tonnes = 3,595 M liters
(per year): 7,070 M barrels = 7.1 Gb = 960 M tonnes = 1,120 gigaliters
USA
(per day): 3.6 M barrels = 485 k tonnes = 570 M liters
(per year): 1,300 M barrels = 1.3 Gb = 178 M tonnes = 207 gigaliters
UK
(per day): 1.8 M barrels = 306 k tonnes = 290 M liters
(per year): 670 M barrels = 0.7 Gb = 91 M tonnes = 106 gigaliters
Peak of world production: 2005(?)
Peak of USA-48 production: 1971
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CONSUMPTION (Source: BP)
WORLD
(per day): 80.8 M barrels = 11 M tonnes = 12,840 M liters
(per year): 29,480 M barrels = 29.5 Gb = 4,020 M tonnes = 4,690 gigaliters
USA
(per day): 20.5 M barrels = 2.8 M tonnes = 3,260 M liters
(per year): 7,490 M barrels = 7.5 GB = 1,020 M tonnes = 1,190 gigaliters
EURASIA
(per day): 20.0 M barrels = 2.7 M tonnes = 3,180 M liters
(per year): 7,300 M barrels = 7.3 Gb = 997 M tonnes = 1,160 gigaliters
UK
(per day): 1.8 M barrels = 240 k tonnes = 279 M liters
(per year): 640 M barrels = 0.6 Gb = 87 M tonnes = 100 gigaliters
Year when annual oil consumption outgrew discovery: 1980
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Abbreviations:
k = thousand, M = million, G = giga (thousand million)
1) When converting to and from annual and daily, a year is assumed to be 365 days. A barrel is considered 159 liters. One tonne is considered 7.33 barrels.
2) Values are for conventional oil.
3) Numbers (apart from the original value) are rounded to the nearest reasonable figure.
From www.wolfatthedoor.org.uk