Eni: Global oil demand up 3.4% in 2010; Russia leads producers

By OGJ editors

Oil demand during 2010 rose to 87.9 million b/d, up 3.4% from 2009, driven by developing countries' population and per capita income growth and by government subsidies to oil product prices, Eni SPA said in the tenth edition of its World Oil and Gas Review. WOGR is a statistical review of oil and gas consumption, production, reserves, imports, and exports.

Russia regained its position as the world’s leading gas producer with production of 624.61 billion cu m (bcm)/year, after having been surpassed by the US in 2009. Still, the US reached a new historical production peak of 600.15 bcm/year, driven by shale gas output. Total US gas production increased by 19.4% between 2005 and 2010, the report said.

Qatar confirmed its position as the fastest growing gas producer, Eni said, with output growth exceeding 150% between 2005 and 2010 due to the rapid development of the world's largest capacity for LNG.

In 2010, global gas consumption grew sharply, up 7.5%. The report found that gas use climbed by 9% outside the Organization for Economic Cooperation and Development and by 5.8% in OECD countries.

Oil market

With average demand of 19.5 million b/d last year, the US remains the world’s primary oil consumer, followed by China. In 2010, Chinese oil demand averaged 9.4 million b/d, a historical peak and a 12% jump from a year earlier, according to Eni.

Worldwide oil production recovered in 2010, up 2.3% from a year earlier, although output in Europe continued to fall, down by 8.1%, due to field depletion.

The Organization of Petroleum Exporting Countries accounts for 40% of total oil production, stable since 1995. OPEC reported the largest production growth in the last year, up 3% vs. growth of 1.8% for non-OPEC producers, according to the report.

Russia was the leading oil producer last year, with output averaging 10.45 million b/d, followed by Saudi Arabia, the US, Iran, and China.

Oil reserves continued growing, Eni said, confirming the trend recorded over the last decade. Middle East reserves account for more than 50% of worldwide oil reserves, while OPEC accounts for about 72%. Oil reserves grew in the Americas due to unconventional oil reserves additions.

This edition of WOGR also features an analysis of world crude quality, ranking about 90% of global crude supply by density (API grade) and sulfur content. Eni reported that 2010 once again saw medium-sour crude as the main source of world oil production, followed by light and low-sulfur crude.

Refining analysis

The review also includes a description of the refining industry. By analyzing recent trends, the review shows how an increase in conversion capacity triggered new tension in refining, since medium-sour crude supply did not increase at the same rate as demand.

Moreover, the opening of new capacity in a weak economic context has meant a relative decrease in utilization rates for refineries. During 2005-10, average global refinery utilization rates decreased to 80% from 85%, in particular in the industrialized countries, while in India, for example, the new megarefineries work at almost full capacity, the report said.

Related Articles

EIA: US oil output fell 50,000 b/d in May

07/07/2015 Total US crude oil production dropped 50,000 b/d in May compared with April and is expected to continue falling through early 2016 before growth re...

BLM approves ROW for Elko gas pipeline expansion project

07/07/2015 The US Bureau of Land Management’s Tuscarora, Nev., field office signed a decision record approving a right-of-way for Paiute Pipeline Co.’s (PPC) ...

Obama urged by IPAA president to lift ban on US crude exports

07/07/2015 Commending the administration for its actions allowing some condensate to be exported as a petroleum product, Independent Petroleum Association of ...

AER shuts in 16 Murphy Oil sites in Peace River region for noncompliance

07/07/2015 Alberta Energy Regulator said it has shut in or partially shut in 16 sites operated by Murphy Oil Co. Ltd. in the Peace River region. The sites wer...

MARKET WATCH: NYMEX, Brent oil prices take dive on world oil oversupply concerns

07/07/2015 US light, sweet crude oil prices plummeted more than $4/bbl on the New York market July 6, marking a 5-month low, while Brent crude oil prices on t...

WAFWA: Aerial survey finds lesser prairie chicken population grew

07/06/2015 A recent range-wide aerial survey found the lesser prairie chicken population rose 25% from 2014 to 2015, the Western Association of Fish & Wil...

Buru awarded onshore Canning licenses

07/06/2015 Buru Energy Ltd., Perth, and Mitsubish Corp. have been granted two production licenses for Ungani oil field in the onshore Canning basin of Western...

Cenovus sells royalty business for $3.3 billion

07/06/2015 Cenovus Energy Inc., Calgary, inked an agreement to sell its wholly owned subsidiary Heritage Royalty LP to Ontario Teachers’ Pension Plan for gros...

CERI: Energy, operational efficiencies possible in Canadian oil, gas

07/06/2015 Measures can be taken by operators in the expanding resource-intensive Canadian oil and gas sector to improve both energy efficiency and operationa...
White Papers

UAS Integration for Infrastructure: More than Just Flying

Oil and gas companies recognize the benefits that the use of drones or unmanned aerial systems (UAS) c...

Solutions to Financial Distress Resulting from a Weak Oil and Gas Price Environment

The oil and gas industry is in the midst of a prolonged worldwide downturn in commodity prices. While ...
Sponsored by

2015 Global Engineering Information Management Solutions Competitive Strategy Innovation and Leadership Award

The Frost & Sullivan Best Practices Awards recognise companies in a variety of regional and global...
Sponsored by

Three Tips to Improve Safety in the Oil Field

Working oil fields will always be tough work with inherent risks. There’s no getting around that. Ther...
Sponsored by

Pipeline Integrity: Best Practices to Prevent, Detect, and Mitigate Commodity Releases

Commodity releases can have catastrophic consequences, so ensuring pipeline integrity is crucial for p...
Sponsored by

AVEVA’s Digital Asset Approach - Defining a new era of collaboration in capital projects and asset operations

There is constant, intensive change in the capital projects and asset life cycle management. New chall...
Sponsored by

Transforming the Oil and Gas Industry with EPPM

With budgets in the billions, timelines spanning years, and life cycles extending over decades, oil an...
Sponsored by

Asset Decommissioning in Oil & Gas: Transforming Business

Asset intensive organizations like Oil and Gas have their own industry specific challenges when it com...
Sponsored by
Available Webcasts


Operating a Sustainable Oil & Gas Supply Chain in North America

When Wed, Oct 7, 2015

Short lead times and unpredictable conditions in the Oil & Gas industry can create costly challenges in supply chains. By implementing a LEAN culture of continuous improvement you can eliminate waste, increase productivity and gain end-to-end visibility leading to a sustainable and well-oiled supply chain.

Please join us for this webcast sponsored by Ryder System, Inc.

register:WEBCAST


The Resilient Oilfield in the Internet of Things World

When Tue, Sep 22, 2015

As we hear about the hype surrounding the Internet of Things, the oil and gas industry is questioning what is different than what is already being done. What is new?  Using sensors and connecting devices is nothing new to our mode of business and in many ways the industry exemplifies many principles of an industrial internet of things. How does the Internet of Things impact the oil and gas industry?

Prolific instrumentation and automation digitized the industry and has changed the approach to business models calling for a systems led approach.  Resilient Systems have the ability to adapt to changing circumstances while maintaining their central purpose.  A resilient system, such as Maximo, allows an asset intensive organization to leverage connected devices by merging real-time asset information with other critical asset information and using that information to create a more agile organization.  

Join this webcast, sponsored by IBM, to learn how about Internet of Things capabilities and resilient systems are impacting the landscape of the oil and gas industry.

register:WEBCAST



On Demand

Taking the Headache out of Fuel License and Exemption Certificates: How to Ensure Compliance

Tue, Aug 25, 2015

This webinar, brought to you by Avalara, will detail the challenges of tax document management, as well as recommend solutions for fuel suppliers. You will learn:

-    Why it’s critical to track business partner licenses and exemption documents
-    The four key business challenges of ensuring tax compliance through document management
-    Best practice business processes to minimize exposure to tax errors

register:WEBCAST


Driving Growth and Efficiency with Deep Insights into Operational Data

Wed, Aug 19, 2015

Capitalizing on today’s momentum in Oil & Gas requires operational excellence based on a clear view of what your business data is telling you. Which is why nearly half* of oil and gas companies have deployed SAP HANA or have it on their roadmap.

Join SAP and Red Hat to learn more about using data to drive process improvements and identify new opportunities with the SAP HANA platform running on Red Hat Enterprise Linux. This webinar will also show how your choice of infrastructure impacts the performance of core business applications and your ability to achieve data-driven insights quickly and reliably.

*48% use SAP, http://go.sap.com/solution/industry/oil-gas.html

register:WEBCAST


Emerson Micro Motion Videos

Careers at TOTAL

Careers at TOTAL - Videos

More than 600 job openings are now online, watch videos and learn more!

 

Click Here to Watch

Other Oil & Gas Industry Jobs

Search More Job Listings >>
Stay Connected