Espirito Santo Oil & Natural Gas Yearbook 2021
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Chart 3 - Production and consumption of oil in the world (thousands of barrels/day)
110,000
100,000
90,000
80,000
70,000
60,000
50,000
40,000
30,000
20,000
10,000
Source: BP Statistical Review of World Energy | Prepared by: Ideies/Findes
ESPÍRITO SANTO OIL & NATURAL GAS YEARBOOK | 2021
CHAPTER 1 | INTERNATIONAL SCENARIO
Production
Consumption
2013
2014
2015
2016
2017
2018
2019
2020
Chart 4 Production and consumption of natural gas worldwide (billions of m³)
4,500
4,000
3,500
3,000
2,500
2,000
1,500
1,000
500
0
Production
Source: BP Statistical Review of World Energy | Prepared by: Ideies/Findes
Consumption
2013
2014
2015
2016
2017
2018
2019
2020
Division of natural gas
consumption in the world
North
America 27.0%
Asia
Middle
Oil consumption follows a distinct dis-
tribution of production. In 2020, 88.5
million barrels of oil per day were con-
sumed worldwide, 9.3% lower than
the volume consumed in the previous
year (chart 3). Except for China, all
countries registered a drop in oil con-
sumption. This country's consump-
tion increased by 1.6%, which made
China's global share rose from 14.4%
to 16.1% between 2019 and 2020.
The breakdown of oil consumption
among regions in the world was:
32
billion
m³ of natural gas per day
were consumed in Brazil
in 2020, which places the
country in 29th place in the
global ranking
Concerning natural gas, global pro-
duction reached 3.9 trillion m³ in
22.5% Asia (38.0%), North America (23.5%), 2020 (chart 4). The production of
East 14.4%
Commonwealth of Independent
States (CIS): 14.1%
Middle East: 9.4%
Africa: 4.0%
South and Central America: 3.8%
Europe (14.5%), Middle East (9.4%),
South and Central America (6.0%),
Commonwealth of Independent
States (4.7%) and Africa (4.0%). The
countries with the highest consump-
tion were the United States, China,
and India, which in conjunction ac-
count for 40.8% of global consump-
tion. Brazil is the 8th country with the
highest oil consumption in the world,
with 2.3 million barrels a day.
this input had a reduction of 122 bil-
lion m³ from 2019 to 2020, record-
ing the second drop in production
in twelve years.
The division of natural gas produc-
tion among regions in the world
was: North America (28.8%), Com-
monwealth of Independent States
(20.8%), Middle East (17.8%), Asia
(16.9%), Africa (6.0%), Europe
(5,7%), and South and Central
America (4.0%). The top producing
countries were the United States,
Russia, and Iran, which together
account for 46.8% of global pro-
duction. Brazil was the 30th coun-
try with the largest production of
this input in the world, with 24 bil-
lion m3 of natural gas.
lows a different distribution from
production. In 2020, 3.8 trillion m³
of natural gas were consumed
worldwide. This amount is 2.1%
lower than what was recorded in
the previous year.
The breakdown of natural gas con-
sumption among regions the
world was: North America (27.0%),
Natural gas consumption also fol- Asia (22.5%), Middle East (14.4%),
1.3. Global oil and
natural gas reserves
The world's total oil reserves in 2020
were 1.73 trillion barrels of oil, practi-
cally stable compared to 2019, with a
slight drop of 0.1% (chart 5). In abso-
lute terms, the reduction amounted
to 2.4 billion barrels. It is worth noting
that the last significant change was
in 2018 when there was a 37.9 billion
barrel increase in global oil reserves.
Europe (14.2%), Commonwealth
of Independent States (14.1%),
Africa (4,0%) and South and Cen-
tral America (3.8%). The United
States, Russia, and China concen-
trated 41.2% of global natural gas
consumption. Brazil was the 29th
country with the highest consump-
tion of this input in the world, with
32 billion m3 of natural gas.
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