O i l i n f o r m a t i o n 2019 INTERNATIONAL ENERGY AGENCY The IEA examines IEA member IEA association the full spectrum countries: countries: of energy issues including oil, gas Australia Brazil and coal supply and Austria China demand, renewable Belgium India energy technologies, Canada Indonesia electricity markets, Czech Republic Morocco energy efficiency, Denmark Singapore access to energy, Estonia South Africa demand side Finland Thailand management and France much more. Through Germany its work, the IEA Greece advocates policies Hungary that will enhance Ireland the reliability, Italy affordability and Japan sustainability of Korea energy in its 30 Luxembourg member countries, Mexico 8 association Netherlands countries and New Zealand beyond. Norway Poland Portugal Slovak Republic Spain Sweden Switzerland Turkey United Kingdom United States The European Commission also participates in the work of the IEA Please note that this publication is subject to specific restrictions that limit its use and distribution. The terms and conditions are available online at www.iea.org/t&c/ Source: IEA. All rights reserved. International Energy Agency Website: www.iea.org O i l i n f o r m a t i o n 2019 with 2018 data d. e v er s e s r ht g All ri A. E I OIL INFORMATION (2019 edition) - iii TABLE OF CONTENTS INTRODUCTION ................................................. v Ireland ................................................................ III.264 Israel ................................................................... III.278 Italy .................................................................... III.292 OIL OVERVIEW ................................................. vii Japan .................................................................. III.306 Korea .................................................................. III.320 Latvia ................................................................. III.334 PART I: EXPLANATORY NOTES Lithuania ............................................................ III.347 1. Definitions of products and flows ....................... I.3 Luxembourg ....................................................... III.361 2. Technical notes: oil supply and demand Mexico ............................................................... III.374 definitions ......................................................... I.11 Netherlands ........................................................ III.388 3. Sources and notes .............................................. I.15 New Zealand ...................................................... III.402 4. Geographical coverage ...................................... I.17 Norway ............................................................... III.416 5. Recent data revisions ......................................... I.21 Poland ................................................................ III.430 Portugal .............................................................. III.444 Slovak Republic ................................................. III.458 PART II: WORLD AND OECD OIL DATA Slovenia .............................................................. III.472 Spain .................................................................. III.485 World energy balance ............................................. II.2 Sweden ............................................................... III.499 OECD Total energy balance ................................... II.3 Switzerland ........................................................ III.513 World oil demand ................................................... II.4 Turkey ................................................................ III.527 World crude oil and NGL production ..................... II.6 United Kingdom ................................................. III.541 World refinery output ............................................. II.8 United States ...................................................... III.555 World supply to international marine bunkers ..... II.10 World supply to international aviation bunkers .... II.11 Country notes ................................................... III.569 World trade of crude and products ....................... II.12 Abbreviations and conversion factors ............ III.593 Share of oil in OECD energy mix ......................... II.20 World demand by main product groups ............... II.21 PART IV: OIL PRICES ................................ IV.1 World demand by main product groups (kb/d) ..... II.44 PART V: HISTORICAL TIME SERIES PART III: DETAILED OECD OIL DATA FOR OECD COUNTRIES OECD Total ........................................................... III.2 OECD Americas .................................................. III.16 Production ............................................................... V.2 OECD Asia Oceania ............................................ III.30 Net imports .............................................................. V.6 OECD Europe ...................................................... III.44 Refinery input ....................................................... V.12 IEA Total ............................................................. III.58 Gross refinery output ............................................ V.14 Australia .............................................................. III.72 Gross consumption by product.............................. V.16 Austria ................................................................. III.86 Consumption in transformation............................. V.30 Belgium ............................................................. III.100 Energy industry own use ....................................... V.32 Canada ............................................................... III.114 Final consumption ................................................. V.34 Chile .................................................................. III.128 Consumption in transport ...................................... V.36 Czech Republic .................................................. III.142 Consumption in industry ....................................... V.38 Denmark ............................................................ III.156 Consumption in other ............................................ V.40 Estonia ............................................................... III.170 Use of biogasoline/biodiesel for blending ............. V.42 Finland ............................................................... III.183 Consumption of fuel oil according to France ................................................................ III.197 sulphur content ................................................... V.48 d. e Germany ............................................................ III.211 Oil supply per unit of GDP .................................. V.49 v er Greece ................................................................ III.225 Oil supply per capita ............................................. V.50 s e Hungary ............................................................. III.239 Share of oil in OECD CO emissions ................... V.51 s r 2 ht Iceland ............................................................... III.253 OECD Economic Indicators .................................. V.52 g All ri A. E I INTERNATIONAL ENERGY AGENCY d. e v er s e s r ht g All ri A. E I OIL INFORMATION (2019 edition) - v INTRODUCTION The Oil Information 2019 is the latest edition of a the IEA may differ from the sum of monthly data publication that has been produced annually since 1989. submissions due to the lack of availability of data on a monthly basis, or due to different reporting entities. Part II, World and OECD oil data, provides summary These differences tend to be widespread for certain tables of world oil market developments, with time products, such as petroleum coke, excluded from series back to 1971. monthly demand in certain countries, and certain flows, Part III, Detailed OECD oil data, provides in tabular such as international marine bunkers, refinery fuel, form a more detailed and comprehensive picture of oil transfers and observed gross inland deliveries. To ar- supply, demand and end-use consumption for the rive at a comparable time series between AOS and OECD by region and individual countries.1 MOS data, the 2018 monthly data are adjusted to take Part IV, Oil prices, shows time series of oil products into account the historical differences between the two import costs, spot prices and end-use prices and taxes data sets. Data for 2018 may therefore differ from simi- up to 2019. lar statistics published in the publication Oil, Gas, Coal and Electricity Quarterly Statistics (based on MOS Part V, Historical time series for OECD countries, data). Please see notes related to individual countries shows time series of major oil flows for all years begin- for more information on data sources and estimations. ning in 1985 and ending in 2018, where data are available. All data for Part III and selected information from Note that the references to OECD in this publication include the 36 Member countries2: Australia, Austria, Part II are available on USB drive. Belgium, Canada, Chile, Czech Republic, Denmark, In addition, a data service is available on the internet. It Estonia, Finland, France, Germany, Greece, Hungary, includes unlimited access through an annual subscription Iceland, Ireland, Israel, Italy, Japan, Korea, Latvia, as well as the possibility to obtain data on a pay-per- Lithuania, Luxembourg, Mexico, the Netherlands, view basis. Details are available at http://data.iea.org. New Zealand, Norway, Poland, Portugal, Slovak Data were collected by the team in the Energy Data Republic, Slovenia, Spain, Sweden, Switzerland, Turkey, the United Kingdom and the United States. Centre (EDC) of the IEA Secretariat, headed by Duncan Millard until February 2019 and currently by Statistics for OECD countries are based on data submis- Nick Johnstone. sions from national administrations to the Secretariat. Statistics up to 2017 are from the Annual Oil Statistics Within the IEA, for OECD members, data and (AOS) database, while provisional oil data for 2018 are overviews were prepared: by Beatriz Martinez and mainly based on the Monthly Oil and Gas Statistics Konstantinos Theodoropoulos with the support of (MOS) database, except for blending of liquid biofuels Laura Mari Martinez for coal, by Aidan Kennedy for (Annual Biofuels Survey). Annual data submitted to electricity, by Samantha Mead for renewables, by Angela Ortega Pastor for oil, and by Louis Chambeau and Faidon Papadimoulis for natural gas. OECD fuel data were prepared under the responsibility of Julian d. 1. This document is without prejudice to the status of or sovereignty e over any territory, to the delimitation of international frontiers and Prime for coal, electricity and renewables, and under erv boundaries and to the name of any territory, city or area. the responsibility of Erica Robin for oil and natural es O2th.E isLC iptDhu ubMalinceimaat ibwoenar.ss Aanncodct oiasrnd n ionOtgE liynC,c DlLu idMtehdeum ainnb ietahr eda ozt eotsnh een oattgi mgarpee pgoeafa trep sri.en p tahrae tiloisnt ooff gparesp. aOreEdC Dby e nReérgmyi bGaliagnocuexs, dFartaa nacneds coov eMrvaiettwiosn waenrde All rights r A. E I INTERNATIONAL ENERGY AGENCY vi - OIL INFORMATION (2019 edition) Faidon Papadimoulis under the responsibility of We would like to thank our numerous contacts Roberta Quadrelli. Non-OECD countries statistics and worldwide in national administrations and in public overviews were prepared by Nicolas Coënt, Laila and private companies for their helpful co-operation. El-Ashmawy, Musa Erdogan, Markus Fager-Pintilä, Enquiries about data or methodology in this publica- Julia Guyon, Byungho Jung, Nikolaos Kordevas and tion should be addressed to: Claire Morel, with the support of Antonio Carvalho, under the responsibility of Céline Rouquette. Energy Data Center International Energy Agency / OECD Erica Robin has overall responsibility for this report. 9, rue de la Fédération The publication and its statistics were prepared by 75739 Paris Cedex 15, France Angela Ortega Pastor. Desktop publishing was carried out by Sharon Burghgraeve. E-mail: [email protected] What’s new? New OECD Member: Lithuania Lithuania became an OECD Member in July 2018. Accordingly, Lithuania appears in the list of OECD Members and is included in the OECD aggregates for data from 1990. New Association country: South Africa South Africa joined the IEA as an Association country in November 2018. Accordingly South Africa is now included in the IEA and Accession/Association countries aggregate for data starting in 1971 and for the entire time series. d. e v er s e s r ht g All ri A. E I I N TERNATIONAL ENERGY AGENCY OIL INFORMATION (2019 edition) - vii OIL OVERVIEW In 2018 both demand and supply of oil increased Figure 2. World refinery output and oil product globally, brought about by increased production of demand growth between 2009 and 2017* liquids in the United States and increased demand in Asian markets. At the same time, OECD stocks of both primary and secondary oil products fell at the end of 2018. Figure 1. World oil supply and demand Million tonnes 5000 200 4500 150 4000 100 3500 50 3000 - * China includes the (People’s Republic of) China; Hong Kong, China 2500 -50 2000 -100 1970 1976 1982 1988 1994 2000 2006 2012 2018 Figure 3. Ratio of refinery output over oil product* demand – 2017 Supply-Demand gap (secondary axis) Crude oil and NGL production Total oil demand Africa 0.50 Non-OECD Americas 0.71 Over the period 2009 to 2017, refinery output in Asia, Asia (excl China) 0.85 the Middle East and non-OECD Europe and Eurasia OECD (excl US) 0.93 has increased, reflecting comparable growth in oil demand over the same period. China 0.95 United States 0.99 However, in Asia oil product demand increased at a faster rate than refinery production. In Africa and Middle East 1.03 non-OECD Americas, refinery output has not kept Non-OECD Europe/Eurasia 1.48 pace with demand growth, which is therefore increas- d. 0.00 1.00 2.00 e ingly met by imports of refined products. In the v er OECD refinery output increased moderately over this * Total motor gasoline includes motor gasoline, jet gasoline and aviation es period (+1.5%) whilst remained stable. gwaasxoelsin, ep.e Otrothleeur mpr coodkuec tasn idn coluthdeer woihl iptero sdpuicritts, .l ubricants, bitumen, paraffin hts r g All ri A. E INTERNATIONAL ENERGY AGENCY I viii - OIL INFORMATION (2019 edition) Figure 5. Crude and NGL production Oil supply in the world’s top six producers Million tonnes 1000 In 20181, world oil production2 stood at 98.3 Mb/d, up on the 2017 daily production level of 95.7 mb/d. 750 Production increased in the OECD (+9.0%, 105 Mt, 2.4 Mb/d) counteracting declines in OPEC3 (-0.2%, 500 7 Mt, -0.08 Mb/d). Elsewhere, production increased as well (1.0%, 15 Mt, 0.3 Mb/d). 250 Figure 4. World oil production by region 0 Million tonnes 2000 United States Saudi Arabia 1750 Russian Federation Canada Iraq Iran 1500 1250 Figure 6. Change in OECD oil production 1000 by main producing countries 750 Million tonnes 500 110 60% 250 100 50% 90 0 40% 80 1970 1976 1982 1988 1994 2000 2006 2012 2018 70 30% OECD OPEC Rest of the world 60 20% 50 10% 40 This increase in world oil production was driven by 30 0% the United States, where production increased by 20 -10% 10 15.6 % compared to 2017. As such, the United States -20% 0 remained the world’s top producer (723 Mt, -10 -30% 16.7 Mb/d), followed by Saudi Arabia (575 Mt, -20 -40% United Canada Mexico Norway UK Rest of 12.3 Mb/d), the Russian Federation (554 Mt, States OECD 11.4 Mb/d) and Canada (265 Mt, 5.3 Mb/d). Iraq Growth 2016-2017 Growth 2017-2018p overtook Iran as the world’s fifth largest producer, as Share of total OECD productionin 2018p (right axis) production in the latter fell by 4.4% in 2018. At the OECD level, production notably declined in United States output reached new record levels in Mexico and Norway (-6.3% and -6.2% y-o-y 2018. Crude oil production in the country has respectively) but was far outweighed by the increase increased significantly over the past decade driven by in the United States and Canada output. As a result, increased production in the Permian basin, as well as OECD production of oil accounted for almost a third new projects coming online in the Gulf of Mexico of world production in 2018, up from just above a since 2016. quarter in the previous year. Canadian supply growth is driven by continued strong growth in oil sands output (+2.9%) and the increase in conventional crude oil and condensate production, supported by more wells coming online throughout 2017 than had been the case in 2016. 12.. APllela esnee rregfye rd taota t hfoe rt e2c0h1n8i caarle n portoevsi isnio Sneacl.t ion I.2. ed. Elsewhere in the OECD, production also increased in v 3. For the purpose of this Overview, OPEC includes data for Congo er that became a full member of OPEC on 22 June 2018, and Qatar that the United Kingdom (+10.0% y-o-y) due to multiple es tdeartma infialetesd aintsd mtaebmlebse, rsdhaitpa ofonr 1C Joannguoa riys 2n0o1t 9i.n Icnlu tdheed aicnc otmhep aOnPyiEnCg new projects coming online in the UK continental ghts r aggregate, but available separately. shelf towards the end of 2017. All ri A. E I N TERNATIONAL ENERGY AGENCY I