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How much oil is extracted in 2023?
How much crude oil is produced per day in 2023?
What happened to crude oil exports in 2023?
How did oil production increase in December 2023?
What was Canadian crude oil production in 2023?
Will US crude oil production record be broken in 2023?
Mar 7, 2024 · Light and medium crude oil (-1.5%) made up the majority share of total oil extraction (except oil sands). However, production of higher density heavy oil has been moving in the opposite direction, reaching a series high of 25.3 million cubic metres in 2023.
Sep 25, 2024 · Data from the Oil and Gas Extraction Survey for 2023 is now available. The Oil and Gas Extraction Survey provides data on financial, income and balance sheet information as well as operating statistics of establishments in the oil and gas extraction industry.
- Evidence of demand destruction is appearing with preliminary September data showing that US gasoline consumption fell to two-decade lows. Buoyant demand growth in China, India and Brazil, nevertheless underpins an increase of 2.3 mb/d to 101.9 mb/d in 2023, of which China accounts for 77%.
- World oil output rose 270 kb/d in September to 101.6 mb/d, led by higher production from Nigeria and Kazakhstan. The Israel-Hamas conflict has not had any direct impact on oil flows.
- Refinery margins fell sharply from near-record levels over the course of September and into October, as gasoline and fuel oil cracks collapsed, but overall remained above the seasonal average.
- Global observed oil inventories tumbled by 63.9 mb in August, led by a massive 102.3 mb draw in crude oil stocks. Preliminary data suggest that on land inventories continued to draw in September, while oil on water rebounded as exports recovered.
Mar 1, 2024 · Exports of crude oil and equivalent products increased 11.6% to a record 20.5 million cubic metres in December 2023. The Trans Mountain pipeline expansion is expected to nearly triple export capacity to the Pacific Coast.
Mar 11, 2024 · The United States produced more crude oil than any nation at any time, according to our International Energy Statistics, for the past six years in a row. Crude oil production in the United States, including condensate , averaged 12.9 million barrels per day (b/d) in 2023, breaking the previous U.S. and global record of 12.3 million b/d, set in ...
Jan 24, 2024 · After a steep decline due to COVID-19, oil demand increased to pre-pandemic levels in 2023 at 101.7 million barrels per day (MMb/d). However, growth may not last long, as peak demand is projected to materialize before 2030 across our four bottom-up energy transition scenarios.
Imports of crude oil increased by almost 5% in 2023, from 467 thousand barrels per day (Mb/d) in 2022 to 490 Mb/d in 2023. In general, provinces with refineries located further from western Canadian production sources—namely Ontario, Quebec, and New Brunswick—consistently import the most crude oil.
