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TwitterThe United States accounts for **** percent of global crude oil production, making it the largest oil producing country in the world. Crude oil production includes crude oil, shale oil, oil sand and NGLs (natural gas liquids: liquid content of natural gas in which the condensate is recovered separately). It excludes liquid fuels from other sources such as biomass and coal derivatives. Global crude oil supply Apart from the United States, Saudi Arabia and Russia are among the world’s largest producers of crude oil, each accounting for a share around ** percent. Saudi Arabia's oil production has amounted to roughly ********** barrels of oil per day for the past few years. Unsurprisingly, these countries are also some of the world’s largest oil consumers. Saudi Arabia consumes around ************ barrels per day, while the U.S. uses about ********** barrels. U.S. oil trade In the past, the U.S. relied heavily on oil imports from OPEC member countries like Saudi Arabia. However, due to an increase in domestic production output following technological advances, U.S. crude oil imports decreased by over one third since 2005. Conversely, U.S. petroleum exports skyrocketed, reaching ************ barrels per day in 2024.
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TwitterIn 2024, Russia accounted for **** percent of the global oil production, making it the largest oil producer of Europe and the Commonwealth of Independent States. By comparison, Norway's oil production share stood at around ****percent. Combined, all the selected European and CIS countries accounted for ***percent of the world's crude oil production.
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TwitterIn 2024, Russia produced approximately **** million barrels of oil daily, down from **** million barrels recorded in the previous year. The volume of crude oil, shale oil, oil sands, and natural gas liquids supplied by Russia continuously increased until 2019, making it the world’s third-largest oil producer. Over the next three decades, Russia was forecast to decrease its oil production under both the current trajectory and net-zero scenarios. Russia’s oil dependency The Russian oil industry is the major contributor to the country’s exports, which makes the country vulnerable to decreasing oil prices. Under the conservative scenario, the fuel and energy complex was forecast to decrease its share in the country’s gross domestic product from ** percent to ** percent between 2020 and 2040. OPEC deal – a reduction in Russian oil output? In 2016, Russia and the Organization of the Petroleum Exporting Countries (OPEC) reached an agreement, according to which Russia cut its oil production to facilitate the increase in crude oil prices. In compliance with the deal from December 2019, in the first quarter of 2020, Russia’s reduction quota reached 300 thousand barrels daily. In March 2020, the OPEC+ deal collapsed, as Russia refused to cut its oil output due to the coronavirus (COVID-19) pandemic. Starting from May 1, 2020, a new OPEC+ deal began, setting oil production cuts at 9.7 million barrels daily.
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The average for 2023 based on 43 countries was 0.372 percent. The highest value was in Russia: 12.402 percent and the lowest value was in Belgium: 0 percent. The indicator is available from 1973 to 2023. Below is a chart for all countries where data are available.
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TwitterIn September 2023, crude oil production in Russia was measured at *** million barrels per day, having remained on the same level as in the previous month. In April 2022, the output saw a decrease due to Western bans on oil imports from Russia due to its invasion of Ukraine that started in February 2022. The production also dropped significantly in the second and third quarters of 2020 during the oil price war with Saudi Arabia. Russian oil production after the invasion of Ukraine Despite the Western sanctions on its oil industry, Russia increased its crude oil production in 2022 compared to the previous year, by nearly *** percent. Having stopped supplying crude oil to the U.S. and the European Union (EU), Russia has increased imports to China, India, and Turkey, which have become the leading importers of this product. How much oil is produced in the BRICS? In 2022, three of the BRICS members, Russia, China, and Brazil, made it to the top 10 oil producers worldwide. Russia was the leading oil-producing country among the organization’s members, having produced over ** million barrels of oil per day. India had a significantly lower oil production volume, at less than *** million barrels daily, while South Africa did not produce crude oil. Thus, in total, the BRICS countries produced approximately **** million barrels of oil per day.
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TwitterGlobal oil production amounted to ************ barrels per day in 2024. The level of oil production reached an all-time high in 2024. However, the coronavirus pandemic and its impact on transportation fuel demand led to a notable decline in 2020. Rising production and consumption Apart from events surrounding global economic crisis as in the late 2000's and 2020, oil production consistently increased every year for the past two decades. Similarly, global oil consumption only decreased in 2008, 2009, and 2020, but has otherwise increased to a higher level year after year. Oil and oil products remain invaluable commodities as most transportation fuels are petroleum-based and oil is a major raw material for the chemicals industry. Production by region and country While total production is rising, regional distribution has shifted, with the share of production declining the most in Europe and the Commonwealth of Independent States (CIS) since 2008, and rising the most in North America. Even though as a region the Middle East still produces the largest share of oil worldwide, the United States is currently the worl'ds largest producer of oil, followed by Saudi Arabia and Russia.
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TwitterThe United States produced the most oil in the world in 2024, at around ************ barrels of oil per day on average. Saudi Arabia and Russia followed as the second and third largest producers, and also rank amongst the top countries with highest oil exports. OPEC production share Many of the top oil-producing countries belong to the Organization of the Petroleum Exporting Countries, also known as OPEC. The group was founded in 1960 by five original members: Iran, Iraq, Kuwait, Saudi Arabia, and Venezuela. As of 2023, 15 nations belong to OPEC, and the organization holds powerful influence on the prices of oil, with some ** percent of the total global share of crude oil production coming from OPEC. Increased production in the United States The United States was not always the largest producer of oil, but imported oil at higher rates before the 2008 financial crisis. As foreign oil prices peaked during the Recession, investors sought to develop technology to extract more oil domestically, notably through hydraulic fracturing. Since then, oil production in the United States has nearly doubled, reducing the need for imports.
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The Crude Petroleum Extraction industry in Europe can be volatile. Its performance largely hinges on global oil demand and prices, which in turn are impacted by geopolitical conditions and global economic activity. Most of Europe relies on imports for its crude oil and refined fuels, often from geopolitically unstable regions. Only Russia can count itself among the world’s largest oil producers, while Norway and the UK are the main beneficiaries of oil reserves in the North Sea. The industry’s performance is heavily weighted towards oil production activities in these countries, with Russia’s invasion of Ukraine spurring a shift in Europe’s oil landscape. Revenue is forecast to decline at a compound annual rate of 5.6% to €236.1 billion over the five years through 2024. Revenue dropped during the pandemic, as tumbling oil prices were compounded by reduced global demand for oil. This was followed by a strong recovery in the following years, as a post-pandemic rebound in demand for oil led to a surge in prices. Russia’s invasion of Ukraine led to a further spike in prices in the following year, bolstering returns on investment. The lure of sky-high margins purred increased exploration activity in 2022, while Russia was able to redirect most of its oil exports to China and India in response to Western sanctions. Europe’s oil landscape continues to shift as nations seek to wean themselves off of Russian fossil fuels, with Norway looking like the main beneficiary of the change in dynamics. Revenue is forecast to drop by 21.7% in 2024. Over the five years through 2029, revenue is forecast to climb at a compound annual rate of 5.4% to reach €306.7 billion. As geopolitical tensions persist, the potential for significant fluctuation in prices remains. However, as Europe continues to wean itself off Russian fossil fuels, there's an expectation of easing oil prices. By 2027, the EU aims to be completely free from Russian fossil fuels – a move that would open up opportunities for other oil producing nations, while placing pressure on Russia to continue to find alternative buyers of its oil. Ambitious decarbonisation targets threaten to contribute to a downward trend in oil consumption, weighing on long-term growth prospects.
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TwitterThe United States is the world's largest crude oil producer. In 2024, it had an output of 20.1 million barrels worth of oil per day. This was nearly 13 million barrels more than in 2010 and largely a result of advances in unconventional tight oil production. Saudi Arabia and Russia ranked second and third, at around 10.9 and 10.8 million barrels daily respectively. Oil production includes crude oil, shale oil, oil sands, and natural gas liquids. Distribution of U.S. oil production The U.S. is divided into five regional divisions for oil production, known as Petroleum Administration for Defense District’s (PADD), which were created during World War II. The main goal was to organize the allocation of fuels from petroleum products and for data collection purposes these regions are still currently used. Out of all PADD's, PADD 3, including the Gulf Coast states, has recorded by far the largest daily crude oil production, at some 7.9 million barrels in 2021. By comparison, PADD 1 (East Coast) production volumes were 74 thousand barrels per day. The importance of PADD 3 to the country’s overall oil output is hardly surprising as Texas is by far the state with the largest crude oil production. U.S. natural gas production Besides being the world's largest oil producer, the U.S. is also the world’s largest natural gas producer. It produced over one trillion cubic meters in 2024, despite ranking fifth in terms of proved natural gas reserves .
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The size of the Russian Federation Natural Oil and Gas Upstream Market was valued at USD XX Million in 2023 and is projected to reach USD XXX Million by 2032, with an expected CAGR of 2.50% during the forecast period. The natural oil and gas upstream market constitutes a significant portion of the Russian Federation's economy. Russia is among the largest oil and natural gas-producing and exporting countries worldwide. Exploration, extraction, and production activities of this industry have many facets that influence, both domestically and internationally, the country's provision of energy in the form of natural gas and oil. There exists tremendous potential in both traditional and unconventional resources in vast reserves of Siberia and the Arctic region. However, such oil and other related energy products face serious challenges, like the kind of geopolitical tensions in place, economic sanctions from Western powers, and the fluctuations in the world oil prices. Recent geopolitical incidents involving Ukraine have caused complaints and strictures from European powers, which will undoubtedly cause difficulties in overseas investments and technological transfers into Russia's production and exploration projects. The trends of Russia's ties with non-Western, primarily Asian countries, are for holding onto production levels and increasing market access with such adversities. Further, it introduced upstream investment attraction policies such as tax benefits and cooperation with national companies. Focus on energy security and energy self-sufficiency fuels exploration technology investments into the domestic sector. The Russian Federation's upstream natural oil and gas market will adapt to a highly diversified spectrum of economic, political, and environmental elements to remain among the global leading energy suppliers. Recent developments include: November 2022: According to Japan's Chief Cabinet Secretary, the Russian government accepted Sakhalin Oil and Gas Development Co.'s involvement in the new operator of the Sakhalin 1 oil and gas project. Tokyo views this as an important development for the country's energy security., May 2022: The potential purchase of BP's 20% investment in Rosneft has been the subject of exploratory conversations between ONGC, Bharat Petroleum, and Oil India. ExxonMobil's 30% share in the Sakhalin-I project and Shell's 27.5% interest in the Sakhalin-II project are both up for bid, and ONGC is evaluating them both.. Key drivers for this market are: 4., Growing Demand for Renewable Energy4.; Upcoming Investments in the Energy Sector and Supportive Renewable Energy Policies. Potential restraints include: 4., High Initial Investment Cost and Long Investment Return Period on Projects. Notable trends are: Onshore Segment Expected to Dominate the Market.
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This dataset provides a historical and projected overview of key economic, energy, and social indicators for Russia spanning from 1991 (post-Soviet dissolution) to 2025 (including forecasts). It focuses on the oil and gas sector, which has been a cornerstone of Russia's economy, alongside broader macroeconomic and demographic metrics. The data is useful for analyzing trends in energy production, exports, fiscal dependencies, inflation, and social inequality during periods of economic transformation, crises (e.g., 1998 ruble crisis, 2014 sanctions), and recent geopolitical events. Key Features:
Time Coverage: Annual data from 1991 to 2025 (with projections for 2024-2025 based on estimates). Rows: 35 (one per year). Columns: 29, covering energy production, prices, exports, fiscal indicators, demographics, and more. File Format: CSV (UTF-8 encoded for compatibility with special characters like en-dash in tax rates). Data Sources: Compiled from public sources including Rosstat, World Bank, IMF, EIA (U.S. Energy Information Administration), and Russian Central Bank reports. Projections for 2024-2025 are estimates based on trends and may require updates. Missing Values: Some fields (e.g., early years for FDI or import volumes) are blank due to data unavailability; handle with imputation if needed.
| Column Name | Description | Unit | Notes |
|---|---|---|---|
| Year | Calendar year | - | From 1991 to 2025 |
| oil_prices(barrel/USD) | Average annual price of crude oil | USD per barrel | Brent or Urals benchmark |
| gas_prices(MMBtu/USD) | Average annual price of natural gas | USD per million BTU | Henry Hub or European hub prices |
| Oil_production_volume(million_b/y) | Annual oil production | Million barrels per year | Russian Federation total |
| Gas_production_volume(billion_c_m/y) | Annual gas production | Billion cubic meters per year | Includes Gazprom and independents |
| Oil_export_volume(million tons) | Annual oil exports | Million tons | Crude and products |
| Gas_export_volume(billion_c_m) | Annual gas exports | Billion cubic meters | Pipeline and LNG |
| Share_of_oil_and_gas_revenues(%) | Oil & gas revenues as share of federal budget | % | Dependency on energy sector |
| TB(billion USD) | Trade balance | Billion USD | Exports minus imports |
| FDI(billion USD) | Foreign direct investment inflows | Billion USD | Net inflows |
| Import_volume(billion USD) | Total import volume | Billion USD | Goods and services |
| Key_rate(%) | Central Bank key interest rate | % | Average or end-of-year |
| level_of_public_debt(% of GDP) | Public debt as percentage of GDP | % of GDP | General government |
| tock_Market_Index(MOEX Index) | MOEX Russia Index value | Index points | Year-end or average |
| inflation_rate(%) | Annual inflation rate (CPI-based) | % | Consumer price index change |
| exchange_rates(RUB/USD) | Average RUB to USD exchange rate | RUB per USD | Annual average |
| GNP(milliard USD) | Gross National Product | Milliard USD (billion) | Nominal |
| ISI(0-10) | The index of sanctions pressure | Scale 0-10 | Pressure on the economy through sanctions |
| Migration_rate(net_migration th/p) | Net migration rate | Thousands of people | Inflows minus outflows |
| Gini_coefficient(%) | Gini coefficient for income inequality | % | 0 = perfect equality, 100 = perfect inequality |
| population_size(p) | Total population | People | Mid-year estimate |
| unemployment_rate(%) | Unemployment rate | % | Labor force survey |
| per_c_i(thousands USD) | Per capita income | Thousands USD | Nominal, PPP-adjusted in some years |
| Non_oil_GDP(%) | Non-oil GDP share | % | GDP excluding oil/gas extraction |
| CPI | Consumer Price Index | Index (base year varies) | Cumulative inflation measure |
| Military_expenditures(% of GDP) | Military spending as % of GDP | % of GDP | SIPRI or official data |
| tax_rates(VAT%) | Value-Added Tax rate | % | Standard rate |
| tax_rates(PIT%) | Personal Income Tax rate | % or range | Flat rate or progressive brackets (e.g., "13-15") |
| tax_receipts(billion USD) | Total tax receipts | Billion USD | Federal budget collections |
Githab rep https://github.com/AsDo001/Forecasting-of-revenues-to-the-budget-of-the-Russian-Federation
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Petroleum refiners sell a variety of derivative products with wide usages across many different industries. Despite this strong level of diversification, refineries suffered greatly from global dips in demand for transport following the COVID-19 outbreak. Stay-at-home orders and closures of non-essential business in many European countries led to a sharp drop in demand for petrol, diesel and jet fuel as many car, ship and plane journeys came to a halt, causing industry revenue and profit to slump. Over the five years through 2025, European petroleum refineries’ revenue is anticipated to hike at a compound annual rate of 1.4% to €691.4 billion, including a projected swell of 5.8% in 2025. This is mostly the result of surging prices in 2022 and 2023 lifting industry revenue despite no significant increase in refining capacity or output. Russia’s invasion of Ukraine led to many European countries announcing they would wean themselves off Russian oil, causing a substantial and sustained rise in oil prices. These strong oil prices paved the way for a significant rebound in revenue for petroleum refiners. Despite this, oil price inflation has raised the operating costs for many downstream businesses, leading to many cutting consumption and switching to renewable sources of energy, as shown by the rising uptake of electric vehicles in countries like Norway, the Netherlands and the UK. The profitability of petroleum refineries is somewhat insulated by vertical integration with crude oil extractors, which adds stability to purchase costs. Passing on additional cost increases to their customers is another key way to maintain a healthy margin. Over the five years through 2030, petroleum refineries’ revenue is forecast to climb at a compound annual rate of 2% to reach €1,099.7 billion, supported by an uptick in European construction and manufacturing after being constrained for multiple years due to strong economic headwinds. Long-term revenue prospects are set to deteriorate as the push for decarbonisation in many economies will see petroleum-derived products being phased out in favour of low-carbon options.
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TwitterThe United States is the largest crude oil producer in the world. In 2022, it held a global share of 14.73 percent. Although its production share initially declined in the early 2000s, previously inaccessible reserves were made available in the 2010s thanks to technological advances. From 2018 onward, the U.S. surpassed Saudi Arabia and Russia to become the world's largest oil producing country.
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The Russia Oil and Gas EPC (Engineering, Procurement, and Construction) industry, while facing significant geopolitical challenges, presents a complex picture of growth and contraction. The period from 2019-2024 witnessed a period of fluctuating growth, likely influenced by global oil price volatility and sanctions imposed on Russia. However, despite these headwinds, the inherent need for infrastructure maintenance and upgrades within the Russian oil and gas sector, coupled with ongoing domestic energy demands, suggests a continued, albeit potentially slower, pace of growth. Domestic players are likely to dominate the market, filling the void left by reduced international participation. Focus will shift towards projects prioritizing efficiency, cost optimization, and technological advancements aimed at improving resource extraction and reducing environmental impact. This may lead to increased investment in areas like digitalization and automation within the EPC sector. Opportunities exist for companies able to navigate the complex regulatory landscape and demonstrate resilience in the face of geopolitical uncertainty. The long-term outlook (2025-2033) will depend significantly on the evolution of global energy markets, the effectiveness of sanctions, and Russia's success in diversifying its energy export partners. While precise market size figures are unavailable, a reasonable projection, considering the industry's inherent volatility and the impact of geopolitical factors, suggests a market size of approximately $15 billion USD in 2025. Assuming a modest CAGR of 3% for the forecast period (2025-2033), growth will be driven primarily by ongoing maintenance, upgrades of existing infrastructure, and potential investments in new projects tailored to domestic needs. The CAGR might be higher if sanctions are lifted or there is significant investment in new gas pipelines, but a conservative estimate is prudent given the current environment. The historical period (2019-2024) likely saw fluctuating growth, influenced by the price of oil, international sanctions, and domestic investment cycles. Analyzing specific project types undertaken during this period would provide a more detailed understanding. Recent developments include: January 2022: an agreement was signed by DL E&C to participate in the Russian Baltic Complex Project. The contract is worth USD 1.33 billion, and DL E&C will be responsible for the project's design and procurement of all equipment. Among the objectives of the project is to construct the largest polymer plant in the world on a single-line basis in Ust-Luga, 110 kilometers southwest of St. Petersburg. Upon completion, the plant will be able to produce 3 million tons of polyethylene, 120,000 tons of butane, and 50,000 tons of hexane each year., January 2022: Mairie Tecnimont S.p.A. announced that its subsidiaries Tecnimont S.p.A. and MT Russia LLC have entered into an EPC contract with Rosneft to develop the VGO Hydrocracking Complex at Ryazan Refining Company (RORC) in the 200 km southeast of Moscow area. The total amount of the contract is approximately USD 1.24 billion. In addition to design, supply of equipment and materials, construction, start-up and commissioning, project finance services, and project management services are included in the project's scope of work. The VGO Hydrocracking Complex will achieve a total capacity of 40,000 barrels per day once the higher standard Class 5 regulation is completed.. Notable trends are: Midstream Segment to Dominate the Market.
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■Purpose and Overview Stable supply of natural resources, including oil and natural gas, is an extremely important issue for our country, which has a low energy self-sufficiency rate. In particular, given the recent changes in the international situation concerning oil and natural gas, it is essential to diversify energy supply sources by strengthening relations with Russia, Central Asia, and the Caucasus countries that have abundant oil and gas reserves (hereinafter, “Russia and other oil- and gas-producing countries ”) in order to secure stable resources into the future. The purpose of this project is to strengthen economic relations through the promotion of investment in the region and to contribute to the stable supply of natural resources and energy sources, mainly oil and natural gas, which are essential for corporate activities in our country, by conducting surveys on the investment environment in oil- and gas-producing countries such as the Russian Federation, dispatching missions and holding seminars to promote exchanges between companies in the region.
■ Eligibility Eligibility: Companies must meet the following requirements: * For consortium-style applications, you must select an organizer and the organizer must submit a business proposal. (However, the organizer cannot entrust all the work to another person.) (1) Must be based in Japan. (2) The Company has the organization, personnel, etc. to perform the Business properly. (3) The applicant has a management base necessary for the smooth execution of the Project and sufficient management capability for funds, etc. (4) The applicant is not subject to suspension of grant issuance, etc. or suspension of designation from the Ministry of Economy, Trade and Industry. (5) The applicant must have experience in conducting surveys and research in oil- and gas-producing countries such as the Russian Federation, and must have close cooperative relationships with local governmental organizations. (6) The applicant has information on Japanese companies that want to expand into Russian oil- and gas-producing countries, and has sufficient information-gathering ability to grasp their needs.
Information session Please provide your contact information (Organization and department, signature, name of person in charge, telephone number, e-mail address) by 17:00 on Friday, February 18, 2022 for the following dates and times via Microsoft Teams. If "Microsoft Teams" is not available, please let us know and add your contact information so we can share a summary. Information Session Date and Time: Monday, February 21, 2022 14:00 ~
■ Contact: 1 - 3 - 1, Kasumigaseki, Chiyoda-ku, Tokyo 100 -8901 Russian, Central Asia and Caucasus Office, Trade Policy Bureau, the Ministry of Economy, Trade and Industry Contact: Suzuki, Machida E-mail: japan-russia_yosan@meti.go.jp
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Discover the booming Central Asia oil and gas market forecast to 2033. This in-depth analysis reveals key drivers, trends, restraints, and market segmentation across Kazakhstan, Turkmenistan, Tajikistan, and the wider region. Explore the opportunities and challenges for major players like Gazprom, Lukoil, and Chevron. Recent developments include: In August 2022, Kazakhstan announced plans to sell some of its crude oil through Azerbaijan's most significant oil pipeline as the nation seeks alternatives to a route Russia threatened to shut. Kazakh oil exports account for more than 1 percent of world supplies, or roughly 1.4 million barrels per day (BPD)., In August 2022, the Turkmenistan President signed an order to permit the Turkmennebit SOE to purchase 2,309 tons of drilling pipes of various sizes from China's King Ease company. The drilling pipes were purchased for use in the overhaul of oil and gas wells., In June 2022, Chevron Corporation, through its subsidiary Chevron Munaigas Inc. (Chevron), and KazMunayGas (KMG), signed a memorandum of understanding (MoU) to explore potential lower carbon business opportunities in Kazakhstan. Chevron and KMG plan to evaluate the potential for lower carbon projects in carbon capture, utilization, and storage (CCUS), hydrogen, energy efficiency, methane management, and carbon financial disclosure methodology.. Notable trends are: Upstream Sector to dominate the market.
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TwitterIn 2024, Russia consumed over *** million metric tons of oil, marking an increase compared to the previous year. That was the highest figure over the period under consideration. In 2020, oil consumption declined following the coronavirus (COVID-19) pandemic and a subsequent drop in car sales across the country. Oil use in the transport sector Russia is the world’s fifth-largest oil consumer. The largest share of petroleum in the country is used by its transport sector, with motor gasoline occupying the largest portion of final oil consumption. Given relatively low gasoline prices compared to the world and no advanced compressed natural gas (CNG) or electric vehicle markets, the road transportation sector in Russia strongly relies on oil. Energy transition: prospects for Russia? A decline in the global oil demand is expected to have a negative effect on Russia’s energy exports. Furthermore, domestic oil consumption volume is forecast to noticeably decrease under both rapid transition and business-as-usual scenarios. From *** exajoules of oil consumed in 2019, oil consumption in Russia is expected to decline to *** exajoules under the 2050 New Momentum scenario and to *** exajoules under the 2050 Net Zero scenario.
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Highlights for the 3 month period August to October 2022, compared to the same period a year earlier include:
*Major Power Producers (MPPs) data published monthly, all generating companies data published quarterly.
Highlights for December 2022 compared to November 2022:
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Press enquiries, Tel 020 7215 1000
Statistics on monthly production and consumption of coal, electricity, gas, oil and total energy include data for the UK for the period up to the end of October 2022.
Statistics on average temperatures, heating degree days, wind speeds, sun hours and rainfall include data for the UK for the period up to the end of November 2022.
Statistics on energy prices include retail price data for the UK for November 2022, and petrol & diesel data for December 2022, with EU comparative data for November 2022.
The next release of provisional monthly energy statistics will take place on Thursday 26 January 2023.
To access the data tables associated with this release please click on the relevant subject link(s) below. For further information please use the contact details provided.
Please note that the links below will always direct you to the latest data tables. If you are interested in historical data tables please contact BEIS (kevin.harris@beis.gov.uk)
| Subject and table number | Energy production and consumption, and weather data |
|---|---|
| <a href=" |
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Market Introduction
| Attribute | Detail |
|---|---|
| Drivers |
|
Regional Outlook of Essential Oils Industry
| Attribute | Detail |
|---|---|
| Leading Region | Europe |
Essential Oils Market Snapshot
| Attribute | Detail |
|---|---|
| Market Size Value in 2022 | US$ 16.3 Bn |
| Market Forecast Value in 2031 | US$ 31.3 Bn |
| Growth Rate (CAGR) | 7.6% |
| Forecast Period | 2023-2031 |
| Historical Data Available for | 2021 |
| Quantitative Units | US$ Bn for Value & Kilo Tons for Volume |
| Market Analysis | It includes cross-segment analysis at the global as well as regional level. Furthermore, the qualitative analysis includes drivers, restraints, market opportunities, key trends, Porter’s Five Forces analysis, value chain analysis, and key trend analysis. |
| Competition Landscape |
|
| Format | Electronic (PDF) + Excel |
| Market Segmentation |
|
| Regions Covered |
|
| Countries Covered |
|
| Companies Profiled |
|
| Customization Scope | Available upon request |
| Pricing | Available upon request |
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TwitterThe United States accounts for **** percent of global crude oil production, making it the largest oil producing country in the world. Crude oil production includes crude oil, shale oil, oil sand and NGLs (natural gas liquids: liquid content of natural gas in which the condensate is recovered separately). It excludes liquid fuels from other sources such as biomass and coal derivatives. Global crude oil supply Apart from the United States, Saudi Arabia and Russia are among the world’s largest producers of crude oil, each accounting for a share around ** percent. Saudi Arabia's oil production has amounted to roughly ********** barrels of oil per day for the past few years. Unsurprisingly, these countries are also some of the world’s largest oil consumers. Saudi Arabia consumes around ************ barrels per day, while the U.S. uses about ********** barrels. U.S. oil trade In the past, the U.S. relied heavily on oil imports from OPEC member countries like Saudi Arabia. However, due to an increase in domestic production output following technological advances, U.S. crude oil imports decreased by over one third since 2005. Conversely, U.S. petroleum exports skyrocketed, reaching ************ barrels per day in 2024.