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BP Statistical Review 

of World Energy 

June 2008

Oil

The following data is taken from 
pages 6 to 21 of the printed Review.

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6

Oil

Proved reserves

At end 1987

At end 1997

At end 2006

At end 2007

Thousand

Thousand

Thousand

Thousand

Thousand

million

million

million

million

million

Share

R/P

barrels

barrels

barrels

tonnes

barrels

of total

ratio

US

35.4

30.5

29.4

3.6

29.4

2.4%

11.7

Canada

11.7

10.7

27.7

4.2

27.7

2.2%

22.9

Mexico

54.1

47.8

12.8

1.7

12.2

1.0%

9.6

Total North America

101.2

89.0

70.0

9.5

69.3

5.6%

13.9

Argentina

2.2

2.6

2.6

0.4

2.6

0.2%

10.2

Brazil

2.6

7.1

12.2

1.7

12.6

1.0%

18.9

Colombia

1.9

2.6

1.5

0.2

1.5

0.1%

7.4

Ecuador

1.6

3.7

4.5

0.6

4.3

0.3%

22.5

Peru

0.5

0.8

1.1

0.1

1.1

0.1%

26.4

Trinidad & Tobago

0.6

0.7

0.8

0.1

0.8

0.1%

14.1

Venezuela

58.1

74.9

87.0

12.5

87.0

7.0%

91.3

Other S. & Cent. America

0.6

1.1

1.3

0.2

1.3

0.1%

25.2

Total S. & Cent. America

68.1

93.4

111.0

15.9

111.2

9.0%

45.9

Azerbaijan

n/a

n/a

7.0

1.0

7.0

0.6%

22.1

Denmark

0.4

0.9

1.2

0.1

1.1

0.1%

9.8

Italy

0.7

0.8

0.8

0.1

0.8

0.1%

17.6

Kazakhstan

n/a

n/a

39.8

5.3

39.8

3.2%

73.2

Norway

6.6

12.0

8.5

1.0

8.2

0.7%

8.8

Romania

1.3

0.9

0.5

0.1

0.5

â—†

12.4

Russian Federation

n/a

n/a

79.3

10.9

79.4

6.4%

21.8

Turkmenistan

n/a

n/a

0.6

0.1

0.6

â—†

8.3

United Kingdom

5.2

5.2

3.6

0.5

3.6

0.3%

6.0

Uzbekistan

n/a

n/a

0.6

0.1

0.6

â—†

14.3

Other Europe & Eurasia

61.7

68.0

2.2

0.3

2.1

0.2%

12.8

Total Europe & Eurasia

75.8

88.0

144.1

19.4

143.7

11.6%

22.1

Iran

92.9

92.6

138.4

19.0

138.4

11.2%

86.2

Iraq

100.0

112.5

115.0

15.5

115.0

9.3%

*

Kuwait

94.5

96.5

101.5

14.0

101.5

8.2%

*

Oman

4.1

5.4

5.6

0.8

5.6

0.5%

21.3

Qatar

4.5

12.5

27.9

3.6

27.4

2.2%

62.8

Saudi Arabia

169.6

261.5

264.3

36.3

264.2

21.3%

69.5

Syria

1.7

2.3

3.0

0.3

2.5

0.2%

17.4

United Arab Emirates

98.1

97.8

97.8

13.0

97.8

7.9%

91.9

Yemen

1.1

1.8

2.8

0.4

2.8

0.2%

22.7

Other Middle East

0.1

0.2

0.1

† 

0.1

â—†

10.9

Total Middle East

566.6

683.2

756.3

102.9

755.3

61.0%

82.2

Algeria

8.6

11.2

12.3

1.5

12.3

1.0%

16.8

Angola

2.0

3.9

9.0

1.2

9.0

0.7%

14.4

Chad

– – 

0.9

0.1

0.9

0.1%

17.2

Republic of Congo (Brazzaville)

0.7

1.6

1.9

0.3

1.9

0.2%

23.9

Egypt

4.7

3.7

3.7

0.5

4.1

0.3%

15.7

Equatorial Guinea

– 

0.6

1.8

0.2

1.8

0.1%

13.2

Gabon

1.0

2.7

2.0

0.3

2.0

0.2%

23.8

Libya

22.8

29.5

41.5

5.4

41.5

3.3%

61.5

Nigeria

16.0

20.8

36.2

4.9

36.2

2.9%

42.1

Sudan

0.3

0.3

6.6

0.9

6.6

0.5%

39.7

Tunisia

1.7

0.3

0.6

0.1

0.6

â—†

16.7

Other Africa

1.0

0.7

0.6

0.1

0.6

0.1%

10.2

Total Africa

58.7

75.3

117.1

15.6

117.5

9.5%

31.2

Australia

3.2

4.0

4.2

0.4

4.2

0.3%

20.3

Brunei

1.6

1.1

1.2

0.2

1.2

0.1%

16.9

China

17.4

17.0

15.6

2.1

15.5

1.3%

11.3

India

4.4

5.6

5.7

0.7

5.5

0.4%

18.7

Indonesia

9.0

4.9

4.4

0.6

4.4

0.4%

12.4

Malaysia

3.3

5.0

5.4

0.7

5.4

0.4%

19.4

Thailand

0.1

0.3

0.5

0.1

0.5

â—†

4.1

Vietnam

† 1.2

3.3

0.5

3.4

0.3%

27.5

Other Asia Pacific

0.8

1.2

0.9

0.1

0.9

0.1%

11.0

Total Asia Pacific

39.8

40.4

41.0

5.4

40.8

3.3%

14.2

TOTAL WORLD

910.2

1069.3

1239.5

168.6

1237.9

100.0%

41.6

of which: European Union 

9.0

8.8

6.9

0.9

6.8

0.5%

7.8

OECD

119.1

113.4

89.5

11.9

88.3

7.1%

12.6

OPEC

676.0

818.7

935.3

127.6

934.7

75.5%

72.7

Non-OPEC‡

174.7

184.1

176.2

23.6

175.0

14.1%

14.3 

Former Soviet Union

59.5

66.5

128.0

17.4

128.1

10.4%

27.4 

Canadian oil sands•

n/a

n/a

152.2

24.7

152.2

Proved reserves and oil sands 

n/a

n/a

1391.7

193.4

1390.1

* More than 100 years.
† Less than 0.05.

â—†

Less than 0.05%.

•‘Remaining established reserves’, less reserves ‘under active development’.

‡ Excludes Former Soviet Union.

n/a not available.

Notes:

Proved reserves of oil 

– Generally taken to be those quantities that geological and engineering information indicates with reasonable certainty can be recovered in the future

from known reservoirs under existing economic and operating conditions.

Reserves-to-production (R/P) ratio

– If the reserves remaining at the end of any year are divided by the production in that year, the result is the length of time that those remaining

reserves would last if production were to continue at that rate.

Source of data 

– The estimates in this table have been compiled using a combination of primary official sources, third-party data from the OPEC Secretariat, 

World Oil

Oil & Gas

Journal

and an independent estimate of Russian reserves based on information in the public domain. Canadian proved reserves include an official estimate of 21.0 billion barrels for 

oil sands ‘under active development’. Reserves include gas condensate and NGLs as well as crude oil.

Annual changes and shares of total are calculated using thousand million barrels figures.

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BP STATISTICAL REVIEW OF WORLD ENERGY JUNE 2008

7

40.8

69.3

111.2

755.3

117.5

143.7

Proved reserves at end 2007  

Thousand million barrels

North America

S. & Cent. America

Asia Pacific

Europe & Eurasia

Middle East

Africa

Distribution of proved reserves in 1987, 1997 and 2007  

Percentage

1987 

Total 910.2 thousand million barrels

1997 

Total 1069.3 thousand million barrels

2007 
Total 1237.9 thousand million barrels

3.3

5.6

9.0

11.6

61.0

9.5

3.8

8.3

8.7

8.2

63.9

7.0

4.4

11.1

7.5

8.3

62.2

6.4

Europe & Eurasia

Africa

Middle East

North America

Asia Pacific

S. & Cent. America

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Production

*

Change

2007

2007 over

share

Thousand barrels daily

1997

1998

1999

2000

2001

2002

2003

2004

2005

2006

2007

2006

of total

US

8269

8011

7731

7733

7669

7626

7400

7228

6895

6841

6879

0.4%

8.0%

Canada

2588

2672

2604

2721

2677

2858

3004

3085

3041

3208

3309

3.6%

4.1%

Mexico

3410

3499

3343

3450

3560

3585

3789

3824

3760

3683

3477

–5.5%

4.4%

Total North America

14267

14182

13678

13904

13906

14069

14193

14137

13696

13732

13665

–0.5%

16.5%

Argentina

877

890

847

819

830

818

806

754

725

716

698

–2.5%

0.9%

Brazil

868

1003

1133

1268

1337

1499

1555

1542

1716

1809

1833

1.4%

2.3%

Colombia

667

775

838

711

627

601

564

551

554

559

561

0.4%

0.7%

Ecuador

397

385

383

409

416

401

427

535

541

545

520

–4.5%

0.7%

Peru

120

116

107

100

98

98

92

94

111

116

114

–1.3%

0.1%

Trinidad & Tobago

135

134

141

138

135

155

164

152

171

174

154

–12.5%

0.2%

Venezuela

3321

3480

3126

3239

3142

2895

2554

2907

2937

2808

2613

–7.2%

3.4%

Other S. & Cent. America

108

125

124

130

137

152

153

144

143

141

141

â—†

0.2%

Total S. & Cent. America

6493

6908

6699

6813

6722

6619

6314

6680

6899

6866

6633

–3.6%

8.5%

Azerbaijan

182

231

279

282

301

311

313

315

452

654

868

31.7%

1.1%

Denmark

230

238

299

363

348

371

368

390

377

342

312

–8.8%

0.4%

Italy

124

117

104

95

86

115

116

113

127

120

122

1.6%

0.2%

Kazakhstan

536

537

631

744

836

1018

1111

1297

1356

1426

1490

3.9%

1.8%

Norway

3280

3138

3139

3346

3418

3333

3264

3189

2969

2779

2556

–7.7%

3.0%

Romania

141

137

133

131

130

127

123

119

114

105

105

1.0%

0.1%

Russian Federation

6227

6169

6178

6536

7056

7698

8544

9287

9552

9769

9978

2.2%

12.6%

Turkmenistan

108

129

143

144

162

182

202

193

192

186

198

6.5%

0.3%

United Kingdom

2702

2807

2909

2667

2476

2463

2257

2028

1809

1636

1636

0.2%

2.0%

Uzbekistan

182

191

191

177

171

171

166

152

126

125

114

–8.9%

0.1%

Other Europe & Eurasia

524

506

474

465

465

501

509

496

469

459

456

–0.2%

0.6%

Total Europe & Eurasia

14235

14199

14480

14950

15450

16289

16973

17579

17542

17600

17835

1.5%

22.0%

Iran

3776

3855

3603

3818

3794

3543

4183

4308

4359

4388

4401

0.4%

5.4%

Iraq

1166

2121

2610

2614

2523

2116

1344

2030

1833

1999

2145

7.3%

2.7%

Kuwait

2137

2232

2085

2206

2148

1995

2329

2475

2618

2682

2626

–2.1%

3.3%

Oman

909

905

911

959

961

900

824

756

787

752

718

–4.6%

0.9%

Qatar

692

701

723

757

754

764

879

992

1028

1110

1197

5.3%

1.4%

Saudi Arabia

9482

9502

8853

9491

9209

8928

10164

10638

11114

10853

10413

–4.1%

12.6%

Syria

577

576

579

548

581

548

527

495

450

421

394

–6.5%

0.5%

United Arab Emirates

2567

2643

2511

2626

2534

2324

2611

2656

2753

2971

2915

–2.3%

3.5%

Yemen

375

380

405

450

455

457

448

420

416

380

336

–11.6%

0.4%

Other Middle East

50

49

48

48

47

48

48

48

34

32

32

–

â—†

Total Middle East

21731

22964

22328

23516

23006

21623

23357

24818

25393

25589

25176

–1.8%

30.8%

Algeria

1421

1461

1515

1578

1562

1680

1852

1946

2014

2003

2000

–0.1%

2.2%

Angola

741

731

745

746

742

905

862

976

1246

1421

1723

20.7%

2.2%

Cameroon

124

105

95

88

81

72

67

89

82

87

82

–5.7%

0.1%

Chad

–

–

–

–

–

–

24

168

173

153

144

–6.3%

0.2%

Republic of Congo (Brazzaville)

225

264

266

254

234

231

215

216

246

262

222

–15.3%

0.3%

Egypt

873

857

827

781

758

751

749

721

696

697

710

1.4%

0.9%

Equatorial Guinea

60

83

100

91

177

204

242

345

373

358

363

1.6%

0.5%

Gabon

364

337

340

327

301

295

240

235

234

235

230

–2.1%

0.3%

Libya

1491

1480

1425

1475

1427

1375

1485

1624

1751

1834

1848

0.5%

2.2%

Nigeria

2316

2167

2066

2155

2274

2103

2263

2502

2580

2474

2356

–4.8%

2.9%

Sudan

9

12

63

174

217

241

265

301

305

331

457

38.1%

0.6%

Tunisia

81

85

84

78

71

74

68

71

73

70

98

40.2%

0.1%

Other Africa

64

63

56

56

53

63

71

75

72

69

85

24.7%

0.1%

Total Africa

7768

7644

7583

7804

7897

7994

8402

9268

9846

9995

10318

3.2%

12.5%

Australia

669

644

625

809

733

730

624

582

580

554

561

1.8%

0.6%

Brunei

163

157

182

193

203

210

214

210

206

221

194

–12.1%

0.2%

China

3211

3212

3213

3252

3306

3346

3401

3481

3627

3684

3743

1.6%

4.8%

India

800

787

788

780

780

801

798

812

776

795

801

0.9%

1.0%

Indonesia

1557

1520

1408

1456

1389

1289

1183

1129

1087

1017

969

–4.9%

1.2%

Malaysia

777

779

737

735

719

757

776

793

744

748

755

1.0%

0.9%

Thailand

126

130

140

176

191

204

236

223

265

286

309

7.4%

0.3%

Vietnam

205

245

296

328

350

354

364

427

398

367

340

–7.6%

0.4%

Other Asia Pacific

229

217

218

200

195

193

195

186

198

206

234

13.1%

0.3%

Total Asia Pacific

7737

7692

7608

7928

7866

7884

7791

7843

7880

7877

7907

0.3%

9.7%

TOTAL WORLD

72231

73588

72377

74916

74847

74478

77031

80326

81255

81659

81533

–0.2% 100.0%

of which: European Union 

3454

3553

3684

3493

3285

3339

3128

2902

2659

2422

2394

–0.9%

2.9%

OECD

21669

21500

21103

21521

21303

21430

21165

20766

19861

19458

19170

–1.4%

23.0%

OPEC

30666

31892

30671

32160

31498

29917

31709

34183

35321

35560

35204

–1.2%

43.0%

Non-OPEC 

‡

34191

34305

34153

34742

34689

35028

34823

34735

34095

33780

33524

–0.7%

41.0%

Former Soviet Union

7374

7391

7552

8014

8660

9533

10499

11407

11839

12318

12804

3.9%

16.0%

*Includes crude oil, shale oil, oil sands and NGLs (the liquid content of natural gas where this is recovered separately). Excludes liquid fuels from other sources such as biomass and

coal derivatives.

‡Excludes Former Soviet Union.

â—†

Less than 0.05%.

Note: Annual changes and shares of total are calculated using million tonnes per annum figures.

8

background image

Production

*

Change

2007

2007 over

share

Million tonnes

1997

1998

1999

2000

2001

2002

2003

2004

2005

2006

2007

2006

of total

US

380.0

368.1

352.6

352.6

349.2

346.8

338.4

329.2

313.3

310.2

311.5

0.4%

8.0%

Canada

120.7

125.1

121.0

126.9

126.1

135.0

142.6

147.6

144.9

153.4

158.9

3.6%

4.1%

Mexico

169.7

173.5

165.2

171.2

176.6

178.4

188.8

190.7

187.1

183.1

173.0

–5.5%

4.4%

Total North America

670.4

666.7

638.8

650.8

651.8

660.2

669.8

667.4

645.3

646.7

643.4

–0.5%

16.5%

Argentina

43.4

44.0

41.8

40.4

41.5

40.9

40.2

37.8

36.2

35.8

34.9

–2.5%

0.9%

Brazil

43.0

49.8

56.3

63.2

66.3

74.4

77.0

76.5

84.6

89.2

90.4

1.4%

2.3%

Colombia

33.2

38.5

41.6

35.3

31.0

29.7

27.9

27.3

27.3

27.5

27.6

0.4%

0.7%

Ecuador

20.2

19.6

19.5

20.9

21.2

20.4

21.7

27.3

27.6

27.7

26.5

–4.5%

0.7%

Peru

5.9

5.7

5.2

4.9

4.8

4.8

4.5

4.4

5.0

5.1

5.1

–1.3%

0.1%

Trinidad & Tobago

6.7

6.7

6.9

6.8

6.5

7.5

7.9

7.3

8.3

8.3

7.3

–12.5%

0.2%

Venezuela

171.4

179.6

160.9

167.3

161.6

148.8

131.4

150.0

151.0

144.2

133.9

–7.2%

3.4%

Other S. & Cent. America

5.3

6.2

6.2

6.6

6.9

7.8

7.8

7.3

7.2

7.1

7.1

â—†

0.2%

Total S. & Cent. America

329.1

350.0

338.4

345.3

339.9

334.2

318.3

337.9

347.1

345.0

332.7

–3.6%

8.5%

Azerbaijan

9.0

11.4

13.9

14.1

15.0

15.4

15.5

15.6

22.4

32.5

42.8

31.7%

1.1%

Denmark

11.2

11.6

14.6

17.7

17.0

18.1

17.9

19.1

18.4

16.7

15.2

–8.8%

0.4%

Italy

5.9

5.6

5.0

4.6

4.1

5.5

5.6

5.5

6.1

5.8

5.9

1.6%

0.2%

Kazakhstan

25.8

25.9

30.1

35.3

40.1

48.2

52.4

60.6

62.6

66.1

68.7

3.9%

1.8%

Norway

156.2

149.6

149.7

160.2

162.0

157.3

153.0

149.9

138.2

128.7

118.8

–7.7%

3.0%

Romania

6.8

6.6

6.4

6.3

6.2

6.1

5.9

5.7

5.4

5.0

5.0

1.0%

0.1%

Russian Federation

307.4

304.3

304.8

323.3

348.1

379.6

421.4

458.8

470.0

480.5

491.3

2.2%

12.6%

Turkmenistan

5.4

6.4

7.1

7.2

8.0

9.0

10.0

9.6

9.5

9.2

9.8

6.5%

0.3%

United Kingdom

127.9

132.6

137.4

126.2

116.7

115.9

106.1

95.4

84.7

76.6

76.8

0.2%

2.0%

Uzbekistan

7.9

8.2

8.1

7.5

7.2

7.2

7.1

6.6

5.4

5.4

4.9

–8.9%

0.1%

Other Europe & Eurasia

25.1

24.2

22.7

22.4

22.2

23.6

24.0

23.4

22.0

21.7

21.6

–0.2%

0.6%

Total Europe & Eurasia

688.6

686.5

699.6

724.7

746.6

786.0

818.9

850.1

844.8

848.1

860.8

1.5%

22.0%

Iran

187.0

190.8

178.1

189.4

186.5

172.7

203.7

209.7

210.1

211.3

212.1

0.4%

5.4%

Iraq

57.1

104.2

128.3

128.8

123.9

104.0

66.1

100.0

90.0

98.1

105.3

7.3%

2.7%

Kuwait

105.1

110.0

102.6

109.1

105.8

98.2

114.8

122.3

129.3

132.4

129.6

–2.1%

3.3%

Oman

44.9

44.7

45.0

47.6

47.5

44.5

40.7

37.5

38.9

37.2

35.5

–4.6%

0.9%

Qatar

33.3

33.6

34.3

36.1

35.7

35.2

40.8

46.0

47.3

50.9

53.6

5.3%

1.4%

Saudi Arabia

454.5

455.7

423.6

456.3

440.6

425.3

485.1

506.0

526.8

514.3

493.1

–4.1%

12.6%

Syria

28.7

28.6

28.8

27.3

28.9

27.2

26.2

24.7

22.4

20.9

19.6

–6.5%

0.5%

United Arab Emirates

120.1

123.5

117.4

123.1

118.2

108.4

122.2

124.7

129.0

139.0

135.9

–2.3%

3.5%

Yemen

17.7

18.0

19.2

21.3

21.5

21.5

21.1

19.9

19.6

17.9

15.8

–11.6%

0.4%

Other Middle East

2.3

2.3

2.2

2.2

2.2

2.2

2.2

2.2

1.6

1.4

1.4

–

â—†

Total Middle East

1050.7

1111.3

1079.4

1141.2

1110.8

1039.4

1123.0

1193.1

1215.0

1223.5

1201.9

–1.8%

30.8%

Algeria

60.3

61.8

63.9

66.8

65.8

70.9

79.0

83.6

86.4

86.2

86.1

–0.1%

2.2%

Angola

36.5

36.0

36.7

36.9

36.6

44.6

42.5

48.2

61.2

69.7

84.1

20.7%

2.2%

Cameroon

6.3

5.3

4.8

4.5

4.1

3.6

3.4

4.5

4.2

4.4

4.2

–5.7%

0.1%

Chad

–

–

–

–

–

–

1.2

8.8

9.1

8.0

7.5

–6.3%

0.2%

Republic of Congo (Brazzaville)

11.6

13.6

13.7

13.1

12.1

11.9

11.1

11.2

12.7

13.5

11.5

–15.3%

0.3%

Egypt

43.8

43.0

41.4

38.8

37.3

37.0

36.8

35.4

33.9

33.7

34.1

1.4%

0.9%

Equatorial Guinea

3.0

4.1

5.0

4.5

8.8

10.1

12.0

17.1

18.5

17.7

18.0

1.6%

0.5%

Gabon

18.2

16.8

17.0

16.4

15.0

14.7

12.0

11.8

11.7

11.7

11.5

–2.1%

0.3%

Libya

70.1

69.6

67.0

69.5

67.1

64.6

69.8

76.6

82.1

85.6

86.0

0.5%

2.2%

Nigeria

113.2

106.0

100.8

105.4

110.8

102.3

110.3

121.9

125.4

120.0

114.2

–4.8%

2.9%

Sudan

0.4

0.6

3.1

8.6

10.7

11.9

13.1

14.9

15.0

16.3

22.5

38.1%

0.6%

Tunisia

3.8

4.0

4.0

3.7

3.4

3.5

3.2

3.4

3.4

3.3

4.6

40.2%

0.1%

Other Africa

3.1

3.0

2.7

2.7

2.5

3.0

3.5

3.6

3.5

3.4

4.2

24.7%

0.1%

Total Africa

370.3

363.9

360.0

370.9

374.1

378.1

397.8

440.9

467.1

473.4

488.5

3.2%

12.5%

Australia

28.8

27.4

26.7

35.3

31.8

31.5

26.6

24.8

24.5

23.4

23.8

1.8%

0.6%

Brunei

7.9

7.6

8.9

9.4

9.9

10.2

10.5

10.3

10.1

10.8

9.5

–12.1%

0.2%

China

160.1

160.2

160.2

162.6

164.8

166.9

169.6

174.1

180.8

183.7

186.7

1.6%

4.8%

India

37.3

36.5

36.5

36.1

36.0

37.0

36.9

37.8

36.0

37.0

37.3

0.9%

1.0%

Indonesia

75.7

74.2

68.6

71.5

68.0

63.0

57.7

55.2

53.0

49.9

47.4

–4.9%

1.2%

Malaysia

35.5

35.7

33.9

33.7

32.9

34.5

35.6

36.5

33.9

33.8

34.2

1.0%

0.9%

Thailand

4.8

5.0

5.4

7.0

7.5

8.2

9.6

9.1

10.8

11.8

12.7

7.4%

0.3%

Vietnam

10.1

12.1

14.6

16.2

17.1

17.3

17.7

20.8

19.4

17.8

16.5

–7.6%

0.4%

Other Asia Pacific

10.6

10.1

10.2

9.4

9.1

9.0

9.1

8.7

9.2

9.5

10.7

13.1%

0.3%

Total Asia Pacific

370.8

368.9

364.9

381.2

377.1

377.5

373.3

377.2

377.7

377.6

378.7

0.3%

9.7%

TOTAL WORLD

3479.9

3547.3

3481.1

3614.1

3600.3

3575.3

3701.1

3866.7

3897.0

3914.3

3905.9

–0.2% 100.0%

of which: European Union

164.1

168.5

174.8

166.3

155.6

158.2

148.2

137.7

125.7

114.6

113.5

–0.9%

2.9%

OECD

1019.4

1011.5

988.9

1011.1

999.5

1005.3

995.6

977.9

931.8

912.0

899.2

–1.4%

23.0%

OPEC

1484.3

1544.9

1482.1

1560.1

1520.4

1438.0

1523.3

1644.3

1691.7

1701.5

1681.3

–1.2%

43.0%

Non-OPEC 

‡

1633.7

1639.9

1629.1

1660.6

1655.3

1671.1

1664.1

1663.9

1628.2

1612.0

1600.2

–0.7%

41.0%

Former Soviet Union

361.9

362.5

370.0

393.4

424.6

466.2

513.6

558.5

577.1

600.8

624.5

3.9%

16.0%

*Includes crude oil, shale oil, oil sands and NGLs (the liquid content of natural gas where this is recovered separately). Excludes liquid fuels from other sources such as biomass and

coal derivatives.

‡Excludes Former Soviet Union.

â—†

Less than 0.05%.

BP STATISTICAL REVIEW OF WORLD ENERGY JUNE 2008

9

background image

10

Production by region

Million barrels daily

0

82

07

06

05

04

03

02

01

00

99

98

97

96

95

94

93

92

91

90

89

88

87

86

85

84

83

90

80

70

60

50

40

30

20

10

Africa

Middle East

Asia Pacific

S. & Cent. America

North America

Europe & Eurasia

World oil production fell by 130,000b/d in 2007. OPEC production cuts led to a decline of 350,000b/d. OECD production dropped again, driven by declines in Mexico and Norway 
of more than 200,000b/d each. Former Soviet Union production rose by nearly 500,000b/d as both Russian and Azerbaijani output rose by at least 200,000b/d. 

Reserves-to-production (R/P) ratios

Years

2007 by region

S. & Cent. America

Europe & Eurasia

North America

World

Africa

Asia Pacific

Middle East

The world’s proved oil reserves edged lower in 2007 and the R/P ratio of 41.6 years was unchanged in the face of declining oil production. The level of reserves fell by 1.6 billion 
barrels in 2007 due to declines in Mexico, Syria, Qatar and Norway, which were partly offset by increases in Brazil, Egypt and Russia. 

0

83

85

87

89

91

93

95

97

99

03

05

07

01

50

40

30

20

10

0

90

60

75

30

45

15

background image

Consumption

*

Change

2007

2007 over

share

Thousand barrels daily

1997

1998

1999

2000

2001

2002

2003

2004

2005

2006

2007

2006

of total

US

18621

18917

19519

19701

19649

19761

20033

20731

20802

20687

20698

–0.1%

23.9%

Canada

1888

1913

1926

1937

2023

2067

2132

2248

2247

2246

2303

2.7%

2.6%

Mexico

1767

1844

1842

1910

1899

1837

1885

1918

1974

1970

2024

2.8%

2.3%

Total North America

22276

22674

23286

23548

23571

23665

24050

24897

25023

24904

25024

0.4%

28.7%

Argentina

451

467

445

431

405

364

372

394

421

440

492

12.0%

0.6%

Brazil

1968

2034

2114

2056

2082

2063

1985

1999

2048

2064

2192

5.8%

2.4%

Chile

242

247

249

238

232

230

231

236

256

265

342

29.9%

0.4%

Colombia

272

266

238

232

245

222

222

223

225

235

228

–2.4%

0.3%

Ecuador

142

145

131

129

132

131

137

141

168

175

181

4.0%

0.2%

Peru

154

155

159

155

148

147

140

151

165

140

145

2.9%

0.2%

Venezuela

452

475

474

496

545

594

479

523

574

582

596

1.9%

0.7%

Other S. & Cent. America

1110

1145

1158

1170

1218

1223

1260

1277

1290

1323

1317

–0.2%

1.6%

Total S. & Cent. America

4790

4936

4968

4907

5006

4974

4826

4944

5147

5225

5493

5.0%

6.4%

Austria

246

255

250

244

265

271

293

285

294

294

281

–4.8%

0.3%

Azerbaijan

110

116

111

123

81

74

86

92

108

99

93

–7.1%

0.1%

Belarus

179

175

154

143

149

145

152

154

143

142

145

1.9%

0.2%

Belgium & Luxembourg

629

656

670

702

669

691

748

785

815

839

839

0.4%

1.0%

Bulgaria

92

100

93

84

87

98

115

105

109

120

120

â—†

0.1%

Czech Republic

170

174

174

169

179

174

185

203

211

208

210

0.8%

0.3%

Denmark

229

223

222

215

205

200

193

189

195

197

197

0.4%

0.2%

Finland

213

221

224

224

222

226

239

224

233

225

226

0.6%

0.3%

France

1948

2016

2044

2007

2023

1967

1965

1978

1960

1953

1919

–1.7%

2.3%

Germany

2913

2915

2824

2763

2804

2714

2664

2634

2605

2624

2393

–9.0%

2.8%

Greece

379

374

383

406

411

414

404

437

434

453

443

–2.2%

0.5%

Hungary

150

157

151

145

142

140

138

142

163

169

168

–1.4%

0.2%

Iceland

18

18

18

19

18

19

18

20

21

20

21

5.5%

â—†

Republic of Ireland

136

152

172

170

185

182

178

185

196

195

198

1.0%

0.2%

Italy

1969

1974

1980

1956

1946

1943

1927

1873

1819

1812

1745

–3.9%

2.1%

Kazakhstan

213

176

147

158

186

193

183

187

207

227

219

–3.2%

0.3%

Lithuania

66

76

63

49

56

53

51

55

58

59

61

3.5%

0.1%

Netherlands

856

854

880

897

942

952

962

1003

1070

1043

1044

–0.9%

1.2%

Norway

223

215

216

201

213

208

219

210

212

217

221

1.2%

0.3%

Poland

391

424

431

427

415

420

435

460

479

516

532

4.0%

0.6%

Portugal

293

322

330

324

327

338

317

322

331

300

302

0.2%

0.4%

Romania

276

242

195

203

217

226

199

230

223

219

229

4.7%

0.3%

Russian Federation

2689

2554

2625

2583

2566

2606

2622

2619

2601

2709

2699

–0.9%

3.2%

Slovakia

72

80

73

73

68

76

71

68

81

73

80

10.3%

0.1%

Spain

1290

1381

1423

1452

1508

1526

1559

1593

1619

1602

1615

0.8%

2.0%

Sweden

336

338

337

318

318

317

332

319

315

353

364

1.1%

0.4%

Switzerland

276

279

271

263

281

267

259

258

262

269

243

–9.9%

0.3%

Turkey

646

640

638

677

645

656

668

688

650

655

666

1.5%

0.8%

Turkmenistan

67

75

80

79

83

86

95

95

100

103

107

3.6%

0.1%

Ukraine

292

302

272

255

273

278

286

293

294

318

325

2.2%

0.4%

United Kingdom

1752

1741

1721

1697

1697

1693

1717

1764

1802

1785

1696

–5.0%

2.0%

Uzbekistan

145

146

143

138

135

130

148

134

114

117

119

2.1%

0.1%

Other Europe & Eurasia

474

459

425

402

427

453

495

512

548

563

581

3.3%

0.7%

Total Europe & Eurasia

19738

19826

19742

19564

19743

19736

19922

20111

20274

20477

20100

–2.0%

24.0%

Iran

1239

1194

1221

1301

1314

1413

1498

1558

1578

1625

1621

0.4%

1.9%

Kuwait

139

180

202

202

206

222

238

266

302

275

276

0.3%

0.4%

Qatar

38

39

38

39

45

59

53

55

65

79

95

21.7%

0.1%

Saudi Arabia

1391

1492

1504

1536

1551

1572

1684

1805

1891

2005

2154

7.2%

2.5%

United Arab Emirates

345

283

271

255

292

320

333

355

376

419

450

7.7%

0.6%

Other Middle East

1272

1303

1337

1383

1422

1425

1423

1467

1519

1546

1608

4.0%

1.9%

Total Middle East

4423

4492

4573

4716

4829

5011

5229

5507

5731

5949

6203

4.4%

7.4%

Algeria

187

194

187

192

200

222

231

240

251

260

270

3.9%

0.3%

Egypt

531

559

573

564

548

534

550

567

629

610

651

6.8%

0.8%

South Africa

444

450

461

475

486

499

512

523

526

537

549

2.1%

0.7%

Other Africa

1146

1185

1226

1226

1239

1254

1274

1313

1368

1418

1485

4.7%

1.8%

Total Africa

2307

2388

2448

2458

2473

2510

2567

2644

2773

2824

2955

4.6%

3.5%

Australia

822

825

843

837

845

846

851

856

886

918

935

1.9%

1.1%

Bangladesh

69

76

68

66

80

80

83

83

96

99

102

3.5%

0.1%

China

4179

4228

4477

4772

4872

5288

5803

6772

6984

7530

7855

4.1%

9.3%

China Hong Kong SAR

192

184

193

201

243

268

269

314

285

303

341

14.1%

0.4%

India

1828

1963

2134

2254

2284

2374

2420

2573

2569

2580

2748

6.7%

3.3%

Indonesia

963

914

980

1064

1086

1137

1142

1225

1232

1139

1157

1.9%

1.4%

Japan

5762

5525

5618

5577

5435

5359

5455

5281

5358

5224

5051

–3.5%

5.8%

Malaysia

431

407

439

441

448

489

480

493

477

496

514

3.4%

0.6%

New Zealand

131

131

134

134

136

141

148

150

155

154

151

–2.5%

0.2%

Pakistan

339

350

363

373

366

357

321

325

312

352

362

2.8%

0.5%

Philippines

389

392

375

348

347

332

330

336

314

283

298

5.3%

0.4%

Singapore

630

651

619

654

716

699

668

748

794

853

917

7.7%

1.2%

South Korea

2373

2030

2178

2229

2235

2282

2300

2283

2308

2318

2371

1.9%

2.7%

Taiwan

773

786

964

1003

991

999

1069

1084

1090

1097

1123

1.5%

1.3%

Thailand

785

736

734

725

701

766

836

925

929

918

911

–1.8%

1.1%

Other Asia Pacific

399

424

438

470

496

518

527

559

580

587

608

3.2%

0.7%

Total Asia Pacific

20063

19623

20557

21147

21281

21934

22702

24008

24368

24851

25444

2.3%

30.0%

TOTAL WORLD

73598

73939

75573

76340

76904

77829

79296

82111

83317

84230

85220

1.1% 100.0%

of which: European Union 

14576

14845

14810

14689

14858

14795

14865

15030

15201

15233

14861

–2.6%

17.8%

OECD

46498

46592

47492

47672

47705

47687

48294

49104

49497

49319

48934

–0.9%

56.9%

Former Soviet Union

3890

3741

3700

3623

3627

3667

3748

3762

3771

3923

3923

–0.4%

4.7%

Other EMEs

23209

23606

24381

25046

25572

26476

27254

29246

30049

30989

32363

4.4%

38.5%

*Inland demand plus international aviation and marine bunkers and refinery fuel and loss. Consumption of fuel ethanol and biodiesel is also included.

â—†

Less than 0.05%.

Notes: Annual changes and shares of total are calculated using million tonnes per annum figures.

Differences between these world consumption figures and world production statistics on page 8 are accounted for by stock changes; consumption of non-petroleum additives and
substitute fuels; and unavoidable disparities in the definition, measurement or conversion of oil supply and demand data.

BP STATISTICAL REVIEW OF WORLD ENERGY JUNE 2008

11

background image

Consumption

*

Change

2007

2007 over

share

Million tonnes

1997

1998

1999

2000

2001

2002

2003

2004

2005

2006

2007

2006

of total

US

848.0

863.8

888.9

897.6

896.1

897.4

912.3

948.7

951.4

943.8

943.1

–0.1%

23.9%

Canada

85.2

86.7

87.2

88.1

90.5

92.2

95.9

100.6

100.3

99.6

102.3

2.7%

2.6%

Mexico

79.1

82.8

82.4

85.7

85.0

81.5

83.7

85.2

87.7

86.8

89.2

2.8%

2.3%

Total North America

1012.3

1033.3

1058.4

1071.4

1071.6

1071.1

1091.8

1134.6

1139.4

1130.2

1134.7

0.4%

28.7%

Argentina

21.2

22.1

21.0

20.3

19.1

17.1

17.6

18.7

20.1

21.0

23.5

12.0%

0.6%

Brazil

86.8

90.0

92.5

91.6

92.9

91.6

87.8

88.4

90.1

91.2

96.5

5.8%

2.4%

Chile

11.2

11.4

11.5

10.9

10.6

10.6

10.6

10.9

11.9

12.3

16.0

29.9%

0.4%

Colombia

12.3

12.0

10.6

10.5

11.1

10.0

10.0

10.1

10.1

10.6

10.3

–2.4%

0.3%

Ecuador

6.5

6.6

6.0

5.8

5.9

5.9

6.2

6.3

7.5

7.8

8.1

4.0%

0.2%

Peru

7.3

7.4

7.5

7.4

7.0

6.9

6.5

7.1

7.8

6.4

6.6

2.9%

0.2%

Venezuela

20.4

21.6

21.3

22.5

24.8

27.0

22.0

24.2

25.8

26.3

26.8

1.9%

0.7%

Other S. & Cent. America

54.3

56.0

56.4

56.9

59.4

59.5

61.2

62.1

62.6

64.2

64.1

–0.2%

1.6%

Total S. & Cent. America

220.0

227.1

226.9

225.9

230.8

228.6

221.9

227.9

236.0

239.9

252.0

5.0%

6.4%

Austria

11.9

12.3

12.1

11.8

12.8

13.0

14.1

13.8

14.2

14.2

13.5

–4.8%

0.3%

Azerbaijan

5.6

5.9

5.7

6.3

4.0

3.7

4.3

4.6

5.3

4.9

4.5

–7.1%

0.1%

Belarus

8.8

8.6

7.6

7.0

7.3

7.1

7.4

7.5

6.9

6.8

7.0

1.9%

0.2%

Belgium & Luxembourg

30.3

31.6

32.4

33.9

32.2

33.5

36.4

38.4

39.9

41.1

41.2

0.4%

1.0%

Bulgaria

4.4

4.8

4.5

3.9

4.0

4.5

5.2

4.7

4.9

5.4

5.4

â—†

0.1%

Czech Republic

8.0

8.3

8.2

7.9

8.4

8.1

8.7

9.5

9.9

9.8

9.9

0.8%

0.3%

Denmark

11.1

10.7

10.6

10.4

9.8

9.6

9.2

9.1

9.2

9.3

9.3

0.4%

0.2%

Finland

10.2

10.5

10.7

10.7

10.5

10.9

11.4

10.6

11.0

10.6

10.6

0.6%

0.3%

France

91.7

95.0

96.4

94.9

95.5

92.9

93.1

94.0

93.1

92.9

91.3

–1.7%

2.3%

Germany

136.5

136.6

132.4

129.8

131.6

127.4

125.1

124.0

122.4

123.6

112.5

–9.0%

2.8%

Greece

18.4

18.2

18.7

19.9

20.1

20.2

19.6

21.4

21.2

22.1

21.6

–2.2%

0.5%

Hungary

7.1

7.4

7.1

6.8

6.7

6.4

6.3

6.5

7.5

7.8

7.6

–1.4%

0.2%

Iceland

0.9

0.9

0.9

0.9

0.9

0.9

0.9

1.0

1.0

1.0

1.0

5.5%

â—†

Republic of Ireland

6.6

7.4

8.3

8.2

9.0

8.8

8.5

8.9

9.4

9.3

9.4

1.0%

0.2%

Italy

94.6

94.7

94.4

93.5

92.8

92.9

92.1

89.6

86.7

86.7

83.3

–3.9%

2.1%

Kazakhstan

10.3

8.5

7.0

7.4

8.9

9.3

8.8

9.0

10.0

11.0

10.6

–3.2%

0.3%

Lithuania

3.3

3.8

3.1

2.4

2.7

2.5

2.4

2.6

2.8

2.8

2.9

3.5%

0.1%

Netherlands

39.5

39.4

40.6

41.7

43.7

43.8

44.1

46.2

49.6

49.0

48.5

–0.9%

1.2%

Norway

10.3

10.0

10.1

9.4

9.7

9.4

9.9

9.6

9.7

10.0

10.1

1.2%

0.3%

Poland

18.2

19.9

19.9

20.0

19.2

19.4

19.9

21.1

21.9

23.3

24.3

4.0%

0.6%

Portugal

13.9

15.5

15.9

15.5

15.8

16.2

15.2

15.4

16.0

14.4

14.4

0.2%

0.4%

Romania

13.7

12.0

9.5

10.0

10.6

10.6

9.4

10.9

10.5

10.3

10.8

4.7%

0.3%

Russian Federation

129.1

123.7

126.2

123.5

122.3

123.5

123.4

123.3

121.9

127.1

125.9

–0.9%

3.2%

Slovakia

3.4

3.8

3.4

3.4

3.2

3.5

3.3

3.2

3.8

3.4

3.8

10.3%

0.1%

Spain

62.0

66.4

68.4

70.0

72.7

73.8

75.5

77.6

78.8

78.1

78.7

0.8%

2.0%

Sweden

16.1

16.2

16.1

15.2

15.2

15.2

15.9

15.3

15.1

16.6

16.8

1.1%

0.4%

Switzerland

12.8

13.0

12.6

12.2

13.1

12.4

12.1

12.0

12.2

12.6

11.3

–9.9%

0.3%

Turkey

30.0

29.6

29.5

31.1

29.9

30.6

31.2

32.0

30.0

30.7

31.1

1.5%

0.8%

Turkmenistan

3.1

3.4

3.6

3.6

3.7

3.8

4.2

4.2

4.4

4.5

4.7

3.6%

0.1%

Ukraine

13.8

14.3

12.7

12.0

12.7

13.1

13.5

13.9

13.9

15.0

15.3

2.2%

0.4%

United Kingdom

81.3

80.7

79.4

78.6

78.4

78.0

79.0

81.7

83.0

82.3

78.2

–5.0%

2.0%

Uzbekistan

7.1

7.1

6.9

6.7

6.5

6.3

7.2

6.5

5.5

5.6

5.8

2.1%

0.1%

Other Europe & Eurasia

22.8

22.1

20.6

19.4

20.6

21.9

23.8

24.5

26.2

26.9

27.7

3.3%

0.7%

Total Europe & Eurasia

936.4

942.0

935.3

927.9

934.3

933.4

941.2

952.5

957.8

969.0

949.4

–2.0%

24.0%

Iran

59.8

57.5

58.8

62.5

62.6

67.1

71.0

73.7

74.8

76.7

77.0

0.4%

1.9%

Kuwait

6.9

9.1

10.3

10.4

10.5

11.4

12.2

13.7

15.6

14.0

14.0

0.3%

0.4%

Qatar

1.6

1.6

1.6

1.6

1.8

2.5

2.2

2.3

2.8

3.4

4.1

21.7%

0.1%

Saudi Arabia

64.0

68.7

69.8

71.6

71.9

72.7

77.7

83.7

87.2

92.6

99.3

7.2%

2.5%

United Arab Emirates

17.8

14.4

13.7

12.8

14.6

15.9

16.3

17.4

18.3

20.5

22.0

7.7%

0.6%

Other Middle East

61.7

63.2

64.8

67.1

68.8

68.9

68.9

70.6

72.8

74.0

77.0

4.0%

1.9%

Total Middle East

211.7

214.5

218.9

225.9

230.2

238.4

248.2

261.4

271.5

281.2

293.5

4.4%

7.4%

Algeria

8.0

8.2

8.1

8.5

8.8

9.7

10.1

10.6

11.0

11.5

12.0

3.9%

0.3%

Egypt

26.0

27.3

27.8

27.2

26.1

25.2

25.9

26.8

29.8

28.7

30.6

6.8%

0.8%

South Africa

21.0

21.3

21.8

22.5

23.0

23.6

24.2

24.8

24.8

25.3

25.8

2.1%

0.7%

Other Africa

54.0

55.9

57.9

57.9

58.3

58.9

59.8

61.8

64.3

66.7

69.8

4.7%

1.8%

Total Africa

108.9

112.7

115.6

116.2

116.2

117.5

120.1

124.1

129.9

132.1

138.2

4.6%

3.5%

Australia

37.0

37.0

38.0

37.7

38.1

38.0

38.3

38.8

39.8

41.4

42.2

1.9%

1.1%

Bangladesh

3.3

3.7

3.3

3.2

3.9

3.9

4.0

4.0

4.6

4.8

5.0

3.5%

0.1%

China

196.0

197.0

209.6

223.6

227.9

247.4

271.7

318.9

327.8

353.3

368.0

4.1%

9.3%

China Hong Kong SAR

9.2

8.8

9.3

9.7

11.7

12.9

13.0

15.3

13.8

14.8

16.9

14.1%

0.4%

India

86.5

92.5

100.3

106.1

107.0

111.3

113.1

120.2

119.6

120.4

128.5

6.7%

3.3%

Indonesia

45.9

43.5

46.8

50.7

51.6

54.1

54.0

58.1

58.2

53.4

54.4

1.9%

1.4%

Japan

265.0

253.6

257.3

255.5

247.5

243.6

248.9

241.1

244.1

237.1

228.9

–3.5%

5.8%

Malaysia

20.2

19.0

20.3

20.4

20.6

22.5

22.2

22.8

22.0

22.8

23.6

3.4%

0.6%

New Zealand

6.1

6.1

6.3

6.2

6.3

6.5

6.9

7.0

7.2

7.2

7.0

–2.5%

0.2%

Pakistan

17.0

17.6

18.2

18.8

18.3

17.9

15.8

16.0

15.3

17.4

17.9

2.8%

0.5%

Philippines

18.8

19.1

18.0

16.6

16.5

15.6

15.5

15.8

14.7

13.2

13.9

5.3%

0.4%

Singapore

32.4

33.3

31.6

33.5

36.4

35.5

33.9

38.1

40.9

44.0

47.4

7.7%

1.2%

South Korea

111.4

93.9

100.7

103.2

103.1

104.7

105.6

104.9

105.4

105.6

107.6

1.9%

2.7%

Taiwan

38.3

39.1

47.2

49.1

47.4

47.6

50.9

51.3

51.3

51.7

52.5

1.5%

1.3%

Thailand

37.8

35.4

35.4

34.8

33.1

36.4

40.0

44.6

44.5

43.8

43.0

–1.8%

1.1%

Other Asia Pacific

18.9

20.1

20.7

22.4

23.5

24.5

24.8

26.3

27.2

27.5

28.4

3.2%

0.7%

Total Asia Pacific

943.9

919.8

962.9

991.5

993.1

1022.2

1058.5

1123.3

1136.4

1158.5

1185.1

2.3%

30.0%

TOTAL WORLD

3433.3

3449.3

3518.1

3558.7

3576.2

3611.3

3681.8

3823.7

3871.0

3910.9

3952.8

1.1% 100.0%

of which: European Union 

690.1

703.3

700.2

696.5

703.1

699.7

703.1

713.1

719.9

722.4

703.9

–2.6%

17.8%

OECD

2146.3

2151.9

2188.7

2199.8

2197.6

2190.9

2223.2

2267.3

2281.4

2270.2

2249.0

–0.9%

56.9%

Former Soviet Union

187.2

181.1

177.8

173.2

172.6

174.1

176.9

177.7

177.4

184.5

183.8

–0.4%

4.7%

Other EMEs

1099.8

1116.3

1151.6

1185.7

1205.9

1246.3

1281.7

1378.7

1412.2

1456.2

1520.0

4.4%

38.5%

*Inland demand plus international aviation and marine bunkers and refinery fuel and loss. Consumption of fuel ethanol and biodiesel is also included.

â—†

Less than 0.05%.

Note:

Differences between these world consumption figures and world production statistics on page 9 are accounted for by stock changes; consumption of non-petroleum additives

and substitute fuels; and unavoidable disparities in the definition, measurement or conversion of oil supply and demand data.

12

background image

BP STATISTICAL REVIEW OF WORLD ENERGY JUNE 2008

13

Consumption by region

Million barrels daily

0

82

07

06

05

04

03

02

01

00

99

98

97

96

95

94

93

92

91

90

89

88

87

86

85

84

83

90

80

70

60

50

40

30

20

10

Africa

Middle East

Asia Pacific

S. & Cent. America

North America

Europe & Eurasia

World oil consumption rose by about 1mmb/d in 2007, just below the 10-year average. OECD consumption declined nearly 400,000b/d. China accounted for the largest 
increment to consumption even though the growth rate was below average. Consumption in oil exporting regions was robust. 
    

Consumption per capita 2007 

Tonnes

0-0.75

0.75-1.5

1.5-2.25

2.25-3.0

> 3.0

background image

Regional consumption by product group

Change

2007

2007 over

share

Thousand barrels daily

1997

1998

1999

2000

2001

2002

2003

2004

2005

2006

2007

2006

of total

North America

Light distillates

9560

9849

9998

10106

10211

10523

10675

10979

11020

11131

11207

0.7%

44.8%

Middle distillates

6398

6450

6628

6811

6812

6655

6861

7133

7249

7297

7339

0.6%

29.3%

Fuel oil

1351

1506

1415

1518

1411

1209

1271

1339

1396

1055

1095

3.7%

4.4%

Others

4967

4869

5245

5112

5137

5278

5243

5446

5359

5420

5383

–0.7%

21.5%

Total North America

22276

22674

23286

23548

23571

23665

24050

24897

25023

24904

25024

0.5% 100.0%

of which: US

Light distillates

8324

8579

8716

8813

8890

9167

9275

9518

9548

9599

9601

â—†

46.4%

Middle distillates

5502

5545

5700

5852

5884

5735

5886

6116

6198

6226

6222

–0.1%

30.1%

Fuel oil

777

869

814

893

794

686

763

858

914

683

727

6.4%

3.5%

Others

4017

3924

4290

4143

4082

4172

4109

4239

4143

4178

4147

–0.7%

20.0%

Total US

18621

18917

19519

19701

19649

19761

20033

20731

20802

20687

20698

â—†

100.0%

S. & Cent. America

Light distillates

1537

1552

1667

1540

1517

1506

1496

1452

1549

1591

1657

4.1%

30.2%

Middle distillates

1563

1638

1621

1617

1655

1650

1650

1775

1822

1861

2001

7.5%

36.4%

Fuel oil

839

865

759

801

826

789

755

745

779

767

800

4.3%

14.6%

Others

851

881

921

949

1008

1028

925

973

997

1006

1036

3.0%

18.9%

Total S. & Cent. America

4790

4936

4968

4907

5006

4974

4826

4944

5147

5225

5493

5.1% 100.0%

Europe

Light distillates

4282

4315

4314

4194

4086

4025

3928

3888

3770

3627

3506

–3.3%

21.7%

Middle distillates

6428

6630

6690

6734

6991

6935

7138

7356

7591

7850

7758

–1.2%

48.0%

Fuel oil

2206

2195

2093

1967

1987

1996

1954

1888

1854

1785

1668

–6.6%

10.3%

Others

2932

2946

2945

3047

3052

3113

3154

3217

3289

3293

3246

–1.4%

20.1%

Total Europe

15848

16086

16042

15942

16117

16069

16174

16349

16503

16555

16177

–2.3% 100.0%

Former Soviet Union

Light distillates

922

893

858

797

851

882

937

918

935

990

1043

5.3%

26.6%

Middle distillates

1095

1026

1022

1008

1021

1048

1085

1108

1151

1205

1239

2.8%

31.6%

Fuel oil

1033

1046

937

765

693

670

646

578

555

607

517

–14.8%

13.2%

Others

840

775

882

1053

1062

1066

1080

1157

1130

1120

1125

0.4%

28.7%

Total Former Soviet Union

3890

3741

3700

3623

3627

3667

3748

3762

3771

3923

3923

â—†

100.0%

Middle East

Light distillates

829

849

859

910

949

1011

1059

1177

1241

1322

1319

–0.2%

21.3%

Middle distillates

1472

1471

1501

1567

1618

1666

1723

1766

1850

1956

2042

4.4%

32.9%

Fuel oil

1245

1240

1294

1295

1311

1320

1335

1394

1487

1488

1597

7.3%

25.7%

Others

878

932

918

944

951

1013

1112

1170

1153

1182

1245

5.3%

20.1%

Total Middle East

4423

4492

4573

4716

4829

5011

5229

5507

5731

5949

6203

4.3% 100.0%

Africa

Light distillates

559

568

574

577

587

591

600

612

630

651

683

4.8%

23.1%

Middle distillates

922

958

999

1029

1046

1075

1107

1133

1185

1230

1297

5.4%

43.9%

Fuel oil

462

485

486

457

434

416

422

444

482

462

478

3.4%

16.2%

Others

364

376

389

395

407

428

438

455

477

480

497

3.5%

16.8%

Total Africa

2307

2388

2448

2458

2473

2510

2567

2644

2773

2824

2955

4.6% 100.0%

Asia Pacific

Light distillates

5113

5201

5487

5636

5771

6022

6283

6642

6781

6917

7193

4.0%

28.3%

Middle distillates

7521

7231

7674

7810

7963

8102

8238

8769

9017

9090

9173

0.9%

36.1%

Fuel oil

3903

3680

3737

3699

3499

3421

3568

3578

3574

3655

3595

–1.7%

14.1%

Others

3526

3511

3659

4002

4048

4389

4614

5019

4995

5188

5483

5.7%

21.5%

Total Asia Pacific

20063

19623

20557

21147

21281

21934

22702

24008

24368

24851

25444

2.4% 100.0%

of which: China

Light distillates

1253

1280

1249

1270

1256

1352

1489

1673

1776

1926

2051

6.5%

26.1%

Middle distillates

1245

1241

1467

1590

1669

1791

1945

2285

2528

2723

2908

6.8%

37.0%

Fuel oil

736

741

771

775

780

792

880

956

904

938

854

–9.0%

10.9%

Others

944

967

990

1136

1167

1352

1489

1858

1777

1942

2041

5.1%

26.0%

Total China

4179

4228

4477

4772

4872

5288

5803

6772

6984

7530

7855

4.3% 100.0%

of which: Japan

Light distillates

1646

1611

1702

1735

1720

1759

1788

1793

1822

1813

1790

–1.3%

35.4%

Middle distillates

1991

1949

1978

1958

1957

1930

1904

1856

1876

1758

1620

–7.8%

32.1%

Fuel oil

977

879

861

804

690

649

770

672

698

675

667

–1.2%

13.2%

Others

1148

1086

1078

1079

1067

1021

993

960

963

979

974

–0.4%

19.3%

Total Japan

5762

5525

5618

5577

5435

5359

5455

5281

5358

5224

5051

–3.3% 100.0%

World

Light distillates

22803

23227

23757

23761

23971

24560

24977

25669

25926

26230

26608

1.4%

31.2%

Middle distillates

25399

25404

26137

26576

27107

27133

27802

29039

29866

30490

30848

1.2%

36.2%

Fuel oil

11038

11017

10721

10501

10162

9821

9952

9967

10127

9821

9749

–0.7%

11.4%

Others

14357

14290

14958

15502

15664

16316

16566

17437

17399

17689

18014

1.8%

21.1%

TOTAL WORLD

73598

73939

75573

76340

76904

77829

79296

82111

83317

84230

85220

1.2% 100.0%

European Union

Light distillates

3981

4006

4025

3923

3827

3763

3671

3619

3520

3376

3271

–3.1%

22.0%

Middle distillates

5928

6103

6170

6234

6463

6405

6592

6795

6996

7225

7108

–1.6%

47.8%

Fuel oil

2011

2060

1936

1785

1797

1793

1745

1704

1704

1647

1554

–5.7%

10.5%

Others

2657

2676

2679

2746

2771

2834

2857

2912

2982

2985

2929

–1.9%

19.7%

Total European Union 

14576

14845

14810

14689

14858

14795

14865

15030

15201

15233

14861

–2.4% 100.0%

OECD

Light distillates

16415

16728

17028

17069

17064

17390

17502

17759

17759

17753

17754

â—†

36.3%

Middle distillates

15738

15751

16110

16279

16530

16296

16682

17104

17478

17664

17482

–1.0%

35.7%

Fuel oil

4904

4831

4671

4642

4416

4175

4309

4218

4253

3810

3702

–2.8%

7.6%

Others

9442

9282

9683

9682

9694

9826

9801

10024

10008

10093

9995

–1.0%

20.4%

Total OECD

46498

46592

47492

47672

47705

47687

48294

49104

49497

49319

48934

–0.8% 100.0%

Other EMEs

‡

Light distillates

5466

5606

5871

5894

6057

6287

6538

6992

7232

7487

7811

4.3%

24.1%

Middle distillates

8566

8627

9005

9289

9556

9789

10034

10827

11236

11621

12127

4.4%

37.5%

Fuel oil

5101

5141

5113

5095

5053

4976

4997

5171

5319

5404

5530

2.3%

17.1%

Others

4076

4232

4393

4767

4908

5424

5685

6256

6262

6476

6895

6.5%

21.3%

Total Other EMEs

23209

23606

24381

25046

25572

26476

27254

29246

30049

30989

32363

4.4% 100.0%

‡Excludes Former Soviet Union.

â—†

Less than 0.05%.

Notes: Annual changes and shares of total are calculated using thousand barrels daily figures.

‘Light distillates’ consists of aviation and motor gasolines and light distillate feedstock.
‘Middle distillates’ consists of jet and heating kerosenes, and gas and diesel oils (including marine bunkers).
‘Fuel oil’ includes marine bunkers and crude oil used directly as fuel.
‘Others’ consists of refinery gas, LPG, solvents, petroleum coke, lubricants, bitumen, wax, other refined products and refinery fuel and loss.

14

background image

Fuel oil

0

97

98

99

00

01

02

03

04

05

07

06

25

30

35

20

15

10

5

Others

0

97

98

99

00

01

02

03

04

05

07

06

25

30

35

20

15

10

5

Consumption growth was above average for the oil-exporting regions: the Middle East, South and Central America and Africa. Consumption growth was below average 
for all fuel groups in the EU and, with the exception of fuel oil, the US. 
 

Product consumption by region

Million barrels daily

Light distillates 

0

97

98

99

00

01

02

03

04

05

07

06

25

30

35

20

15

10

5

Middle distillates

0

97

98

99

00

01

02

03

04

05

07

06

25

30

35

20

15

10

5

Africa

Middle East

Asia Pacific

Former Soviet Union

S. & Cent. America

North America

Europe

BP STATISTICAL REVIEW OF WORLD ENERGY JUNE 2008

15

background image

16

Spot crude prices

Nigerian

West Texas

Dubai

Brent

Forcados

Intermediate

US dollars per barrel  

$/bbl*

$/bbl†

$/bbl

$/bbl‡

1972

1.90

–

–

1973

2.83

–

–

1974

10.41

–

–

1975

10.70

–

–

1976

11.63

12.80

12.87

12.23

1977

12.38

13.92

14.21

14.22

1978

13.03

14.02

13.65

14.55

1979

29.75

31.61

29.25

25.08

1980

35.69

36.83

36.98

37.96

1981

34.32

35.93

36.18

36.08

1982

31.80

32.97

33.29

33.65

1983

28.78

29.55

29.54

30.30

1984

28.06

28.78

28.14

29.39

1985

27.53

27.56

27.75

27.98

1986

13.10

14.43

14.46

15.10

1987

16.95

18.44

18.39

19.18

1988

13.27

14.92

15.00

15.97

1989

15.62

18.23

18.30

19.68

1990

20.45

23.73

23.85

24.50

1991

16.63

20.00

20.11

21.54

1992

17.17

19.32

19.61

20.57

1993

14.93

16.97

17.41

18.45

1994

14.74

15.82

16.25

17.21

1995

16.10

17.02

17.26

18.42

1996

18.52

20.67

21.16

22.16

1997

18.23

19.09

19.33

20.61

1998

12.21

12.72

12.62

14.39

1999

17.25

17.97

18.00

19.31

2000

26.20

28.50

28.42

30.37

2001

22.81

24.44

24.23

25.93

2002

23.74

25.02

25.04

26.16

2003

26.78

28.83

28.66

31.07

2004

33.64

38.27

38.13

41.49

2005

49.35

54.52

55.69

56.59

2006

61.50

65.14

67.07

66.02

2007

68.19

72.39

74.48

72.20

*1972-1985 Arabian Light, 1986-2007 Dubai dated.

Source: Platts.

†1976-1983 Forties, 1984-2007 Brent dated.
‡1976-1983 Posted WTI prices, 1984-2007 Spot WTI (Cushing) prices.

–
–
–
–

Pennsylvanian
oil boom

Russian

oil exports

began

Discovery of
Spindletop,
Texas

Sumatra

production

 began

 

Fears of

shortage

in US

Post-war

reconstruction

East Texas

field

discovered

Suez 
crisis 

Yom Kippur

war

Iranian

revolution

Iraq 
invaded 
Kuwait 

Invasion
of Iraq
 

Growth of

Venezuelan

production

Loss of

Iranian

supplies

Netback

pricing

introduced

Asian

financial

crisis

Crude oil prices 1861-2007

US dollars per barrel

World events

0

1890-99

1910-19

1930-39

1940-49

1950-59

1960-69

1970-79

1980-89

1990-99

2000-07

1861-69

10

20

30

40

50

60

70

80

90

100

110

1870-79

1880-89

1900-09

1920-29

$ money of the day

$ 2007

1861-1944 US average.
1945 -1983 Arabian Light posted at Ras Tanura.
1984 -2007 Brent dated.

background image

Rotterdam product prices

US dollars per barrel

0

90

07

06

05

04

03

02

01

00

99

98

97

96

95

94

93

92

91

110

100

90

80

70

50

60

30

40

20

10

Gas oil

Heavy fuel oil

Gasoline

1990 to first quarter 1992: leaded gasoline.
 From second quarter 1992: unleaded gasoline.

Source: Platts.

US Gulf Coast product prices

US dollars per barrel

0

90

07

06

05

04

03

02

01

00

99

98

97

96

95

94

93

92

91

110

100

90

80

70

50

60

30

40

20

10

Gas oil

Heavy fuel oil

Gasoline

Source: Platts.

2300

OECD total commercial oil stocks   

Million barrels

Source: 

Monthly Oil Data Service

 Â© OECD/IEA, 2008.

Jan

Feb

Mar

Apr

May

Jun

Jul

Aug

Sep

Oct

Nov

2800

2700

2600

2500

2400

Dec

Jan 2006-Dec 2006

2002-2006 range

Jan 2007-Dec 2007

BP STATISTICAL REVIEW OF WORLD ENERGY JUNE 2008

17

background image

Refinery capacities

Change

2007

2007 over

share

Thousand barrels daily*

1997

1998

1999

2000

2001

2002

2003

2004

2005

2006

2007

2006

of total

US

15711

16261

16512

16595

16785

16757

16894

17125

17339

17443

17588

0.8%

20.0%

Canada

1811

1844

1861

1861

1917

1923

1959

1915

1896

1914

1919

0.3%

2.2%

Mexico

1449

1449

1449

1481

1481

1463

1463

1463

1463

1463

1463

–

1.7%

Total North America

18971

19554

19822

19937

20183

20143

20316

20503

20698

20821

20970

0.7%

23.9%

Argentina

650

648

643

624

612

609

609

610

612

614

624

1.6%

0.7%

Brazil

1750

1768

1796

1849

1849

1854

1915

1915

1916

1916

1928

0.6%

2.2%

Netherlands Antilles & Aruba

545

545

545

545

545

545

545

545

545

580

595

2.6%

0.7%

Venezuela

1212

1215

1248

1291

1291

1291

1291

1306

1311

1311

1311

–

1.5%

Other S. & Cent. America

2005

1938

1975

1998

1987

2027

2016

2022

2040

2047

2055

0.4%

2.3%

Total S. & Cent. America

6162

6114

6207

6307

6284

6326

6376

6398

6424

6468

6513

0.7%

7.4%

Belgium

698

732

736

770

785

803

805

782

778

774

749

–3.2%

0.9%

France

1872

1918

1933

1984

1961

1987

1967

1982

1978

1959

1959

–

2.2%

Germany

2170

2206

2240

2262

2274

2286

2304

2320

2322

2390

2390

–

2.7%

Greece

403

403

403

403

412

412

412

412

418

425

425

–

0.5%

Italy

2243

2271

2294

2294

2294

2294

2294

2318

2348

2359

2329

–1.3%

2.6%

Netherlands

1266

1266

1282

1282

1283

1287

1287

1289

1279

1279

1274

–0.4%

1.4%

Norway

308

310

323

318

307

310

310

310

310

310

310

–

0.4%

Russian Federation

5933

5577

5443

5395

5363

5451

5470

5475

5515

5557

5583

0.5%

6.4%

Spain

1265

1247

1247

1247

1247

1333

1333

1358

1377

1377

1377

–

1.6%

Sweden

422

422

422

422

422

422

422

422

422

422

422

–

0.5%

Turkey

713

713

713

713

713

713

713

693

613

613

613

–

0.7%

United Kingdom

1823

1848

1777

1778

1769

1785

1813

1848

1819

1836

1836

–

2.1%

Other Europe & Eurasia

6352

6327

6073

5969

5978

5892

5889

5925

5863

5720

5756

0.6%

6.5%

Total Europe & Eurasia

25468

25240

24886

24837

24808

24975

25019

25134

25043

25021

25024

â—†

28.5%

Iran

1350

1500

1602

1602

1602

1602

1612

1647

1647

1732

1857

7.2%

2.1%

Iraq

634

634

634

639

644

644

644

644

649

666

674

1.2%

0.8%

Kuwait

880

895

895

690

745

770

905

905

905

905

905

–

1.0%

Saudi Arabia

1704

1762

1823

1806

1806

1810

1890

2075

2100

2100

2100

–

2.4%

United Arab Emirates

298

235

290

440

674

711

645

620

620

620

620

–

0.7%

Other Middle East

1140

1145

1158

1158

1160

1238

1238

1238

1238

1248

1369

9.7%

1.6%

Total Middle East

6006

6171

6402

6335

6631

6775

6934

7129

7159

7271

7525

3.5%

8.6%

Total Africa

2906

2839

2943

2872

3133

3215

3164

3103

3221

3274

3280

0.2%

3.7%

Australia

793

810

828

828

815

829

756

763

711

694

694

–

0.8%

China

4559

4592

5401

5407

5643

5479

5487

6289

6587

7029

7511

6.9%

8.5%

India

1236

1356

2190

2219

2261

2303

2293

2558

2558

2872

2983

3.9%

3.4%

Indonesia

1016

1096

1119

1127

1127

1092

1057

1057

1057

1130

1163

2.9%

1.3%

Japan

5056

5144

5087

5010

4705

4721

4683

4567

4529

4542

4598

1.2%

5.2%

Singapore

1246

1246

1246

1255

1255

1255

1255

1255

1255

1255

1255

–

1.4%

South Korea

2598

2598

2598

2598

2598

2598

2598

2598

2598

2633

2668

1.3%

3.0%

Taiwan

732

732

732

732

874

1159

1159

1159

1159

1140

1197

5.0%

1.4%

Thailand

824

890

914

1062

1062

1062

1062

1062

1062

1082

1082

–

1.2%

Other Asia Pacific

1211

1258

1344

1403

1512

1487

1416

1410

1438

1447

1451

0.3%

1.7%

Total Asia Pacific

19271

19722

21459

21641

21852

21984

21766

22718

22954

23824

24601

3.3%

28.0%

TOTAL WORLD

78783

79640

81719

81929

82891

83417

83574

84985

85499

86678

87913

1.4% 100.0%

of which: European Union

15109

15228

15033

15102

15184

15421

15442

15528

15587

15633

15590

–0.3%

17.7%

OECD

42683

43574

43850

44006

43950

44222

44309

44466

44525

44749

44946

0.4%

51.1%

Former Soviet Union

8980

8671

8379

8301

8236

8163

8182

8247

8197

8129

8175

0.6%

9.3%

Other EMEs

27121

27395

29490

29622

30705

31032

31083

32272

32777

33800

34793

2.9%

39.6%

*Atmospheric distillation capacity on a calendar-day basis.

Source: Includes data from Parpinelli Tecnon.

â—†

Less than 0.05%.

Note: Annual changes and shares of total are calculated using thousand barrels daily figures.

18

Refinery throughputs

Change

2007

2007 over

share

Thousand barrels daily*

1997

1998

1999

2000

2001

2002

2003

2004

2005

2006

2007

2006

of total

US

14662

14889

14804

15067

15128

14947

15304

15475

15220

15242

15148

–0.6%

20.1%

Canada

1694

1709

1714

1765

1812

1862

1880

1957

1882

1843

1869

1.4%

2.5%

Mexico

1436

1446

1378

1363

1398

1390

1436

1436

1415

1407

1395

–0.8%

1.8%

S. & Cent. America

4920

5120

5191

5337

5332

4941

5040

5430

5402

5354

5448

1.8%

7.2%

Europe & Eurasia

19371

19587

19039

19299

19459

19485

19988

20441

20815

20877

20829

–0.2%

27.6%

Middle East

5488

5639

5632

5430

5606

5482

5566

5805

5934

6321

6301

–0.3%

8.3%

Africa

2339

2386

2343

2200

2440

2377

2301

2304

2468

2374

2470

4.0%

3.3%

Australasia

872

866

880

851

847

855

823

820

757

749

767

2.4%

1.0%

China

3084

3060

3686

4218

4215

4395

4823

5382

5916

6155

6563

6.6%

8.7%

Japan

4319

4212

4149

4145

4107

3986

4118

4038

4136

4026

3994

–0.8%

5.3%

Other Asia Pacific

8187

8012

8306

8918

9051

8827

9298

9944

10060

10396

10761

3.5%

14.2%

TOTAL WORLD

66372

66926

67122

68594

69394

68547

70576

73032

74005

74743

75545

1.1% 100.0%

of which: European Union 

13571

14087

13562

13762

13698

13474

13730

14088

14161

13996

13748

–1.8%

18.2%

OECD

39393

39881

39388

39750

39763

39080

39887

40455

40262

40083

39783

–0.7%

52.7%

Former Soviet Union

4761

4519

4471

4583

4797

5060

5276

5400

5696

5865

6039

3.0%

8.0%

Other EMEs

22218

22527

23263

24262

24834

24408

25414

27178

28047

28795

29723

3.2%

39.3%

* Input to primary distillation units only.

Source: Includes data from Energy Security Analysis, Inc. (ESAI).

Note: Annual changes and shares of total are calculated using thousand barrels daily figures.

background image

BP STATISTICAL REVIEW OF WORLD ENERGY JUNE 2008

19

100

90

80

60

50

70

97

06

07

98

99

00

01

02

03

04

05

Refinery utilization  

Percentage

S. & Cent. America

Europe

North America

Asia Pacific

World

Former Soviet Union

Middle East

Africa

Global refining capacity additions exceeded demand growth in 2007 for the second year in a row. As a result, global average refinery utilization fell to 85.9% versus a 
revised 86.2% in 2006. Even so, crude runs grew rapidly in Asia Pacific in support of strong domestic demand. Throughputs also rose in S. & Cent. America, Africa and 
the Former Soviet Union regions.

Regional refining margins

US dollars per barrel

0

97

07

06

05

04

03

02

01

00

99

98

30

25

20

15

10

5

NWE Brent Cracking

Singapore Dubai Hydrocracking

USGC West Texas Sour Coking

Note:

  The refining margins presented are benchmark margins for three major global refining centres: US Gulf Coast (USGC), North West Europe (NWE â€“ Rotterdam) 

and Singapore. In each case, they are based on a single crude oil appropriate for that region and have optimized product yields based on a generic refinery configuration 
(cracking, hydrocracking or coking), again appropriate for that region. The margins are on a semi-variable basis, i.e. the margin after all variable costs and fixed energy costs. 

background image

Trade movements

Change

2007

2007 over

share

Thousand barrels daily

1997

1998

1999

2000

2001

2002

2003

2004

2005

2006

2007

2006

of total

Imports

US

9907

10382

10550

11092

11618

11357

12254

12898

13525

13612

13632

0.1%

24.9%

Europe

10421

11017

10670

11070

11531

11895

11993

12538

13261

13461

13953

3.6%

25.4%

Japan

5735

5259

5346

5329

5202

5070

5314

5203

5225

5201

5032

–3.2%

9.2%

Rest of World*

14827

14438

15050

15880

16436

16291

17191

18651

19172

20287

22207

9.5%

40.5%

TOTAL WORLD

40890

41096

41616

43371

44787

44613

46752

49290

51182

52561

54824

4.3% 100.0%

Exports

US

976

1011

956

890

910

904

921

991

1129

1317

1439

9.3%

2.6%

Canada

1492

1603

1520

1703

1804

1959

2096

2148

2201

2330

2457

5.5%

4.5%

Mexico

1767

1770

1739

1814

1882

1966

2115

2070

2065

2102

1975

–6.0%

3.6%

S. & Cent. America

3219

3240

3145

3079

3143

2965

2942

3233

3528

3681

3570

–3.0%

6.5%

Europe

1463

1344

1851

1967

1947

2234

2066

1993

2149

2173

2273

4.6%

4.1%

Former Soviet Union

3413

3569

4019

4273

4679

5370

6003

6440

7076

7155

8334

16.5%

15.2%

Middle East

18184

18702

18341

18944

19098

18062

18943

19630

19821

20204

19680

–2.6%

35.9%

North Africa

2743

2712

2726

2732

2724

2620

2715

2917

3070

3225

3336

3.4%

6.1%

West Africa

3102

3094

2985

3293

3182

3134

3612

4048

4358

4704

4830

2.7%

8.8%

Asia Pacific†

3841

3496

3543

3736

3914

3848

3978

4189

4243

4312

5274

22.3%

9.6%

Rest of World*

690

556

791

940

1506

1551

1361

1631

1542

1359

1656

21.8%

3.0%

TOTAL WORLD

40890

41097

41616

43371

44789

44613

46752

49290

51182

52561

54824

4.3% 100.0%

*Includes unidentified trade.
†Excludes Japan.

Note: Annual changes and shares of total are calculated using thousand barrels daily figures.

20

Inter-area movements 2007

To

S. &

Other

Million tonnes

Cent.

Austral-

Asia

Rest of

From

US

Canada

Mexico

America

Europe

Africa

asia

China

Japan Singapore

Pacific

World

Total

US 

– 

 

10.9 

11.1 

21.6 

15.8 1.4 0.4 0.3 4.2 0.7 1.1 1.6

69.1

Canada 

119.7 

–  

0.1 

†

0.5 

–  

–  

0.5 

0.4 

0.1 

†

–  

121.2

Mexico 

76.1 

1.3 

–  

9.6 

8.8 

–  

–  

–  

–  

0.2 

1.9 

0.2

98.1

S. 

Cent. 

America 

127.4 5.3 2.9  â€“ 

 

23.0 2.0  â€ 

13.7 0.4 0.1 0.3 0.1

175.3

Europe 

50.0 

20.2 5.1 7.5  â€“ 

 

14.4 0.2 0.5 0.7 0.4 1.6 9.4

109.9

Former 

Soviet 

Union 

22.6 2.1  â€“ 

 1.7 

332.1 0.2  â€ 

26.3 8.2 0.2 

10.9 6.8

411.1

Middle 

East 

110.4  7.0  0.8  4.5 

146.6 38.1  7.7 78.8 

199.9 42.0 

336.6  3.0

975.3

North 

Africa 

39.1 9.1 0.2 5.6 

95.2 4.3  â€“ 

 4.6 0.3 0.1 6.4  â€“

164.9

West 

Africa 

96.1  4.0  0.1 21.1 38.8  3.8  0.1 35.8  2.2  0.2 37.7 

–

240.2

East & Southern Africa 

–  

–  

–  

†

0.1 

–  

–  

12.7 

5.1 

0.9 

1.4 

–

20.2

Australasia 

0.2 

–  

–  

†

†

–  

–  

1.4 

3.3 

9.2 

12.5 

†

26.6

China 

0.6  â€ 

0.1 2.4 0.9 0.2 0.2  â€“ 

 1.2 3.7 9.7 0.2

19.2

Japan 

2.6 

0.4 

0.7 †

0.9 †

1.5 

3.1 â€“ 

 

1.1 

1.2 †

11.5

Singapore 

0.7  â€ 

0.2 0.3 1.2 1.0 9.2 3.3 1.3  â€“ 

 

51.2 0.5

68.9

Other 

Asia 

Pacific 

11.4  0.2  0.5  4.8  4.1  0.6 20.3 22.1 21.5 54.4 

– 

  0.3

140.1

Unidentified* 

14.9 

6.2 

–  

†

20.8 

–  

1.2 

†

–  

–  

5.8 

†

49.0

TOTAL 

IMPORTS

671.9  66.7  21.6  79.2 688.8  66.1  40.8 203.1 248.8 113.4 478.3  22.1 

2700.6 

 

 

Thousand barrels daily

From

US 

– 

 

226 

231 

450 

329 30  9  6 88 15 22 33 

1439

Canada 

2426

– 

 1 †

10 â€“ 

 â€“ 

 9 7 3 †

–

2457

Mexico 

1533

26 

–  

194 

176 

–  

–  

–  

–  

38 

4

1975

S. 

Cent. 

America 

2592

109 

60 â€“ 

 

469 

41 †

278 9 3 7 3

3570

Europe 

1038

408 

106 

156 â€“ 

 

300 3 9 

14 8 

34 

195

2273

Former 

Soviet 

Union 

467

42 

– 

  35 

6726

†

532 166 

4 220 137

8334

Middle 

East 

2218

140 16 91 

2957

772 

154 

1587

4032

844

6806

63

19680

North 

Africa 

795

182 3 

113 

1923

87 â€“ 

 

93 6 3 

129 â€“

3336

West 

Africa 

1933

81 

3 425 781

77 

2 719  45 

4 758 

–

4830

East & Southern Africa 

–  

–  

–  

†

–  

–  

255 

103 

19 

27 

–

407

Australasia 

–  

–  

†

†

–  

–  

29 

67 

191 

252 

†

543

China 

13 1 1 

50 

18 3 3 â€“ 

 

26 

77 

202 5

399

Japan 

54  8 14  â€ 

19  1 32 64  â€“ 

 22 26  1

241

Singapore 

15  â€ 

4  6 25 21 

192 69 27  â€“ 

 

1069

11

1440

Other 

Asia 

Pacific 

235  5 11 99 85 12 

408 

458 

441 

1132

– 

  5

2892

Unidentified* 

308 

125 

–  

†

432 

–  

26 

†

–  

–  

117 

†

1008

TOTAL IMPORTS

13632

1354

451

1620

13953

1350

830

4111

5032

2329

9705

457

54824

*Includes changes in the quantity of oil in transit, movements not otherwise shown, unidentified military use, etc. 
†Less than 0.05.

background image

38.8

39.1

20.2

20.3

332.1

110.4

96.1

23.0

146.6

199.9

78.8

42.0

22.1

54.4

37.7

336.6

51.2

26.3

21.5

50.0

76.1

127.4

35.8

38.1

95.2

Major trade movements 2007

Trade flows worldwide (million tonnes)

119.7

S. & Cent. America

Europe & Eurasia

Mexico

Canada

US

Africa

Asia Pacific

Middle East

22.6

BP STATISTICAL REVIEW OF WORLD ENERGY JUNE 2008

21

Imports and exports 2007

Million tonnes

Thousand barrels daily

Crude

Product

Crude

Product

Crude

Product

Crude

Product

imports

imports

exports

exports

imports

imports

exports

exports

US 501.6

170.3

6.1

63.0

10073

3560

123

1316

Canada

48.8

17.9

93.6

27.7

979

375

1879

579 

Mexico

0.5

21.1

91.0

7.1

10

441

1828

148 

S. & Cent. America

42.2

37.0

115.2

60.2

847

773

2313

1258 

Europe

542.2

146.5

29.1

80.8

10890

3063

585

1688 

Former Soviet Union

0.1

6.3

316.7

94.4

2

132

6360

1974 

Middle East

5.8

9.9

859.5

115.7

117

206

17262

2419 

North Africa

8.9

8.5

135.5

29.4

179

178

2721

615 

West Africa

3.4

11.2

234.3

5.9

68

234

4706

123 

East & Southern Africa

25.6

8.4

19.2

1.1

514

176

385

22 

Australasia

27.3

13.5

15.4

11.2

548

282

310

233 

China

163.2

39.9

3.6

15.6

3277

834

73

326 

Japan

205.1

43.7

†

11.5

4118

914

†

240 

Singapore

51.2

62.2

0.8

68.1

1028

1301

16

1424 

Other Asia Pacific

357.9

120.5

44.1

96.0

7187

2518

885

2007 

Unidentified*

–

–

19.5

29.5

–

– 392

616

TOTAL WORLD 

1983.6 

717.0 

1983.6 

717.0 

39836

14988

39836 

14988   

*Includes changes in the quantity of oil in transit, movements not otherwise shown, unidentified military use, etc.
†Less than 0.05.

Note:

Bunkers are not included as exports. Intra-area movements (for example, between countries in Europe) are excluded.

 

 


Document Outline