Petroleum Facts

Starting today, I will be compiling a list of updated statistics ranging on topics from petroleum to ethanol. Enjoy!

International Petroleum Facts:

Current Price per Barrel - www.nymex.com/lsco_fut_cso.aspx

One Barrel - 42 gallons of oil

Total World Petroleum Consumption (2006) - 84,538,000 barrels/day

Production by Country (2007)
1.
Saudi Arabia - 9,475,000 bbl/day
2.
Russia9,400,000 bbl/day
3.
United States7,610,000 bbl/day
4.
Iran3,979,000 bbl/day
5.
China - 3,631,000 bbl/day

Consumption by Country (2007)
1.
United States20,730,000 bbl/day
2.
China6,534,000 bbl/day
3.
Japan5,578,000 bbl/day
4.
Germany2,650,000 bbl/day
5.
Russia - 2,500,000 bbl/day

Exports by Country (2007)
1.
Saudi Arabia - 7,920,000 bbl/day
2. Russia – 7,000,000 bbl/day
3. Norway – 3,466,000 bbl/day
4. United Arab Emirates – 2,500,000 bbl/day
5. Iran - 2,500,000 bbl/day

Imports by Country (2007)
1.
United States - 13,150,000 bbl/day
2. Japan5,449,000 bbl/day
3. Germany - 3,181,000 bbl/day  
4. Netherlands - 2,284,000 bbl/day  
5. South Korea - 2,263,000 bbl/day

Proved Reserves by Country (2007)
1.
Saudi Arabia - 262,700,000,000 bbl
2.
Canada178,900,000,000 bbl
3.
Iran132,500,000,000 bbl
4.
Iraq112,500,000,000 bbl
5.
United Arab Emirates - 97,800,000,000 bbl

National Petroleum Facts:

U.S. Consumption (2007) - 20,730,000 bbl/day (rank: #1)

U.S. Motor Gasoline Consumption (2007) - 9,159,000 barrels/day (384.7 million gallons/day; 140 billion gallons/year)

U.S. Production (2007) - 7,610,000 bbl/day (#3)

U.S. Imports (2007) - 13,150,000 bbl/day (#1)

U.S. Imports from OPEC (2007) - 5,587,000 barrels/day

U.S. Exports (2007) - 1,048,000 bbl/day (#15)

U.S. Proved Reserves (2007) - 22,450,000,000 bbl (#13)

Number of Operable Refineries (2006) – 149

 

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