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1. www.iea.org › reports › oil-2020Oil 2020 – Analysis - IEA - International Energy Agency

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   Mar 9, 2020 · About this report. Oil 2020 examines the key issues in demand, supply, refining and trade to 2025. This year, the report considers topics such as the impact of the new coronavirus (COVID-19) on demand; slowing supply growth in the United States and other non-OPEC countries; and the level of spare production capacity in OPEC countries to help ...

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3. www.eia.gov › todayinenergy › detailU.S. petroleum consumption decreased to a 25-year low in 2020

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   Aug 5, 2021 · In 2020, U.S. gasoline consumption decreased to 8 million b/d, down 14% from 2019, to the lowest level since 1997. Distillate fuel oil, or diesel fuel, accounted for 21% of U.S. petroleum consumption in 2020. Diesel is consumed in every sector, but more than three-quarters is consumed in the transportation sector, mostly by commercial trucks ...

4. oilprice.com › Latest-Energy-News › World-NewsU.S. Oil Consumption Dropped To 25-Year Low In 2020

   oilprice.com › Latest-Energy-News › World-News

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   Aug 5, 2021 · By Tsvetana Paraskova - Aug 05, 2021, 11:30 AM CDT. U.S. petroleum consumption declined to 18.1 million barrels per day (bpd) last year, the lowest level in 25 years, the Energy Information ...

5. www.iea.org › reports › oil-market-report-october-2020Oil Market Report - October 2020 – Analysis - IEA

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   Oct 14, 2020 · The overall demand estimate for 2020 is largely unchanged at 91.7 mb/d (down 8.4 mb/d versus 2019), as is the estimate for 2021 at 97.2 mb/d, (up 5.5 mb/d year-on-year). Global oil supply fell in September as OPEC+ countries improved the compliance rate with their agreement.

6. www.bbc.com › news › business-52350082US oil prices turn negative as demand dries up - BBC

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   Apr 20, 2020 · 20 April 2020. Getty Images. The price of US oil has turned negative for the first time in history. That means oil producers are paying buyers to take the commodity off their hands over fears that ...

7. www.eia.gov › todayinenergy › detailU.S. crude oil production fell by 8% in 2020, the largest ...

   www.eia.gov › todayinenergy › detail

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   Mar 9, 2021 · In 2020, more crude oil was produced in Texas than in any other state or region of the United States, accounting for 43% of the national total. Crude oil production in Texas averaged 4.87 million b/d in 2020, a decrease of 205,000 b/d (4%) from the record high of 5.07 million b/d set in 2019.

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   What are the key issues in oil 2020?

   • Oil 2020 examines the key issues in demand, supply, refining and trade to 2025. This year, the report considers topics such as the impact of the new coronavirus (COVID-19) on demand; slowing supply growth in the United States and other non-OPEC countries; and the level of spare production capacity in OPEC countries to help meet demand growth.

   Oil 2020 – Analysis - IEA - International Energy Agency

   www.iea.org/reports/oil-2020

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   How will global oil demand change in 2025?

   • Through 2025, global oil demand rises by a total of 5.7 mb/d, with China and India accounting for about half of growth. At the same time, the world’s oil production capacity is expected to rise by 5.9 mb/d. Non-OPEC supply will rise by 4.5 mb/d while OPEC builds another 1.4 mb/d of crude and natural gas liquids capacity.

   Oil 2020 – Analysis - IEA - International Energy Agency

   www.iea.org/reports/oil-2020

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   Why did crude oil prices drop in 2020?

   • The production decline resulted from reduced drilling activity related to low oil prices in 2020. In January 2020, U.S. crude oil production reached a peak of 12.8 million b/d. In March 2020, crude oil prices decreased because of the sudden drop in petroleum demand that resulted from the global response to the coronavirus (COVID-19) pandemic.

   U.S. crude oil production fell by 8% in 2020, the largest annual

   www.eia.gov/todayinenergy/detail.php?id=47056

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   Why did oil production decline in 2020?

   • The 2020 decrease in production was the largest annual decline in the U.S. Energy Information Administration’s records. The production decline resulted from reduced drilling activity related to low oil prices in 2020. In January 2020, U.S. crude oil production reached a peak of 12.8 million b/d.

   U.S. crude oil production fell by 8% in 2020, the largest annual

   www.eia.gov/todayinenergy/detail.php?id=47056

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   How much oil did the US produce in 2020?

   • U.S. crude oil production averaged 11.3 million barrels per day (b/d) in 2020, down 935,000 b/d (8%) from the record annual average high of 12.2 million b/d in 2019. The 2020 decrease in production was the largest annual decline in the U.S. Energy Information Administration’s records.

   U.S. crude oil production fell by 8% in 2020, the largest annual

   www.eia.gov/todayinenergy/detail.php?id=47056

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   Will oil demand grow in the third quarter of 2020?

   • This surely raises doubts about the robustness of the anticipated economic recovery and thus the prospects for oil demand growth. Reflecting new data we have revised down our demand estimates for the third quarter of 2020 (-0.2 mb/d), with weakness seen particularly in North America (including Mexico) and India.

   Oil Market Report - October 2020 – Analysis - IEA - International Energ…

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9. www.iea.org › data-and-statistics › chartsWorld oil supply and demand, 1971-2018 – Charts – Data ...

   www.iea.org › data-and-statistics › charts

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   Jul 29, 2021 · Oil statistics 2019, World oil supply and demand, 1971-2018.