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  • Qatar joined OPEC in 1961 - a year after OPEC was founded - so why did they join, and why did they leave at the end of 2018?(OPEC - Organization of the Petroleum Exporting Countries -  "is a permanent intergovernmental organization of 14 oil-exporting developing nations that coordinates an...

    Availability: Online
    Record type: Energy Insight

  • UK retail prices for petrol, diesel and LPG for road vehicles from 2012 to present, including analysis and graphs. Ultra low Sulfur petrol average prices in November dropped for the first time since February 2018 and Diesel since September 2017.  They are now back to the prices seen in May/Jun...

    Availability: Online
    Record type: Energy Insight

  • Nigeria is the biggest producer of oil in Africa, and the third largest producer of gas. Their oil reserves rank 11th largest, and their gas reserves 7th largest, in the world.  So why are there news stories of dire petrol shortages in the country with long queues at the pumps?Who runs the Nige...

    Availability: Online
    Record type: Energy Insight

  • Trade in oil v consumption67,5921 thousand barrels were traded daily in total in 2017, an increase of 3.2% compared to the previous year. The y-t-y growth rate was above a 10yr compound annual growth rate (CAGR) 2008-2017 of 2%, which aligned with the world consumption and production rates. Exp...

    Availability: Online
    Record type: Energy Insight

  • World oil consumptionThe growth rate of global oil consumption has been slowing down for decades. In 2017, the consumption increased by only 1.16% over the previous year. The declining trend, specifically observed in the developed markets, could be explained by diversification of the energy mix away...

    Availability: Online
    Record type: Energy Insight

  • UK crude oil importThe UK has been a net importer of crude oil since 2005. The total net crude oil imports (imports minus exports) in 2017 reached nearly 15 million tonnes. The total crude oil imports increased in 2017 by 9.4%, or nearly 5 million tonnes on a YTY basis.Sources of UK importsThe princ...

    Availability: Online
    Record type: Energy Insight

  • World production of petroleumThe world production of oil grew at a low compound annual growth rate (CAGR) of 1.06% in the last 10 years. In 2017, the global production increased only by 0.1% over the previous year. Although OPEC and Russia decided in June 2018 to relax output curbs introduced in Nov...

    Availability: Online
    Record type: Energy Insight

  • UK crude oil exportsThe UK has been a net importer of crude oil since 2005. The trade imbalance can be linked to a long-term decline in oil production from the UK’s North Sea. The total crude oil exports in 2017 reached 45.8 million tonnes, above the annual average of 40.7 million tonnes exported be...

    Availability: Online
    Record type: Energy Insight

  • What is blockchain?  Blockchain is a distributed, shared, digital transaction technology that allows for securely storing data and peer-to-peer transactions. It is a network, where participants can trade directly with each other without involvement of intermediaries, e.g. a bank or energy distr...

    Availability: Online
    Record type: Energy Insight

  • Estimated global oil reserves grew at a compounded annual growth rate (CAGR) of 1.4% in 2008-2017.   In 2017, global oil reserves decreased by 10 billion barrels to 1.6 trillion barrels, which would be sufficient to meet 49.6 years of global production at 2017 levels. The increase cam...

    Availability: Online
    Record type: Energy Insight

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