Global Oil Production data are updated to 2015, according to the BP Statistical Review of World Energy 2016.
Production and consumption charts, grouped by region, can be accessed via these links:
Global Oil 1: A summary of Global Oil Production stacked by region.
Global Oil 2: A composite chart of C+C+NGL production and consumption in South America, Soviet Union/FSU, Middle East and Africa. The balance shows net exports available on the global market. These have been flat since 2005.
Global Oil 3: A composite chart of C+C+NGL production and consumption in North America, Europe and Asia Pacific.
Global Oil 4: Oil production and consumption is show to be largely unbalanced. In the regional charts, accessed via the links above, the consumption values have been adjusted to account for disparities caused by processing gains and biofuel production. The ‘balance’ is calculated by subtracting consumption from production for the given year.
Global Oil 5: Oil production and consumption is show to be largely in balance following adjustment. Consumption values were adjusted down by factoring in processing gains, calculated to be 2.62% of the C+C+NGL total, according to oil production data supplied by the IEA between January 2002 and December 2016. This adjustment was implemented from 1982, where larger discrepancies between production and consumption become apparent. From 1990 onwards, biofuel production was also deducted from oil consumption since BP include biofuel in the consumption but not in the production figures.