Oil and Gas Industry
Please note that we are not authorised to provide any investment advice. The content on this page is for information purposes only.
The Oil Industry started off more than five thousand years back. Oil sipping up from the ground were used to make the boats waterproof in the Middle East and also used as medicating as well as for painting different things.
The demand for Oil was much higher than what it actually produced and this brought forward the concept of making oil production companies which is collectively known as the Oil Industry.
The Oil Industry started off more than five thousand years back. Oil sipping up from the ground were used to make the boats waterproof in the Middle East and also used as medicating as well as for painting different things.
The demand for Oil was much higher than what it actually produced and this brought forward the concept of making oil production companies which is collectively known as the Oil Industry.
The Oil Industry is a very important industry in the world and a lot depends on the price of the oil and it has been observed that whenever the oil prices increase the price of various products also increases. The Oil Industry also through oil production accounts for a large amount of the consumption of energy. In this issue the Middle East is in the first position and the lowest consumption is done by the countries in Europe.
.According to the statistics the amount of oil consumed by the world every year is as many as 30 billion barrel among which nearly 25 percent of the oil consumption is done by United States of America. The Oil Industry can be parted in two, Upstream and Downstream. The importance of oil in the world evolved at a slow pace but once it was identified, it became one of the most important thing in the lives of human beings.
Oil Industry Statistics : The oil sector is considered to be one of the important areas of concern for the
It has acted as a challenge before the global economic scenario. There is fast growing oil consumption in the non- Asian countries.
The non-OECD Asia (Including both India and China) accounts for around 40 percent of the total increase in world oil use. From estimation it is found that to meet the projected increase in world oil demand the total petroleum supply in 2030 is required to reach 118 million barrels per day from 80 million barrels per day as of the year 2003.
The world oil consumption has increased by 1.2 million barrels per day in the year 2005, even after the increase of 2.6 million barrels per day as in the year 2004.
In the year 2004, China’s oil use have increased by 0.9 million barrels per day and at the same time its demand increased by only 0.4 million barrels per day in 2005.
Among the various sectors, the transportation sector in the world has led to a high pressure to the industry, as there are few alternatives to the petroleum.
Oil & Gas Journal in its report has shown that world oil reserves estimated at 1,293 billion barrels as of January 1, 2006.
Table of Contents
Further Resources
Gain Free access to reports previously only available to Governments and select Intelligence agencies. These reports are part of the OilPrice.com Intelligence Newsletter that focuses on: Geopolitics, Economics, Energy Issues, Conflicts, Crude Oil, Gold & Many other topics. Their information is sourced through a wide network of contacts and is not available from traditional news outlets and data providers.
Crude Oil Prices for the Last Three Months
The Largest Oil Companies
The following tables show the largest oil companies both by production and reserves as of the year 2003.
The Largest Oil Companies 2003
By Production (Barrels Per Day)
Company Name | Country | Production |
Exxon Mobil | USA | 2,542 |
Royal Dutch Shell | UK/Netherlands | 2,220 |
Chevron Texaco | USA | 1,959 |
British Petroleum Amoco | UK | 1,931 |
Yukos | Russia | 1,507 |
Total Fina ELF | France | 1,454 |
Lukoil | Russia | 1,200 |
Conoco Phillips | USA | 1,019 |
Surgutneftegas | Russia | 884 |
ENI | Italy | 857 |
By Reserves (Millions of Barrels)
Company Name | Country | Production |
Lukoil | Russia | 17,360 |
Yukos | Russia | 17,281 |
Gazprom | Russia | 14,902 |
Exxon Mobil | USA | 12,312 |
Royal Dutch Shell | UK/Netherlands | 9,469 |
Chevron Texaco | USA | 8,710 |
British Petroleum Amoco | UK | 8,376 |
Tyumen | Russia | 7,300 |
Total Fina Elf | France | 6,961 |
Surgutneftegas | Russia | 6,642 |
Source: Forbes Magazine, 2003.
- List Of Petroleum Companies
- List Of Gas Companies
- Oil Prices
- Peak Oil
- Oil Price Subsidies
- Gas Production Development
- Oil Industry History
- Oil Industry Analysis
- Current Oil Prices
- Gasoline and Petrol
- Cheap Gas, Cheap Petrol
- Oil Pipelines
- Oil Fields
- Oil Futures
- World Oil Exploration
- Oil Costs
- Crude Oil
- Fuel Oil
- Liqufied Petroluem Gas – LPG
- Oil Sands
- Crude Oil Benchmarks, Oil Markers
- Brent Crude, Brent Sweet Light Crude, Oseberg, Forties
- Heating Oil
- Diesel, Diesel Oil, Diesel Fuel, Petrodiesel
- Oil Reserves, Oil Resources, Petroleum Reserves, Proven Reserves
- Oil Reservoirs, Petroleum Reservoirs, Crude Oil Reservoirs
- Liquefied Petroleum Gas (LPG)
- Oil Production, Oil Supply, Petrol – Petroleum Production, Oil Exports
- Oil Demand, Consumption, Petrol – Petroleum Consumption, Oil Imports
- Oil Extraction, Petroleum Extraction
- Oil Drilling
- Oil Spills
- Oil Fields
- Historical Oil Prices, Oil Chart, Oil Graph, Historical Petroleum Crude Oil Prices
- Oil Price Forecasts, Petroleum Crude Oil Forecasts
- Oil Trading, Oil Trade, Oil Trader, Oil Broker, Oil Contracts
- Oil Countries
- Oil Pipelines
- Oil Industry Analysis
- Electricity
- Electricity Industry
- Oil Sector Jobs
- Hydrocarbon Jobs
- Oil and Gas Jobs
- World Oil and Gas Industry
- World Oil Industry
- World Oil and Gas Countries
- US Oil and Gas Industry
- UK Oil and Gas Industry
- Japan Oil and Gas Industry
- Libya Oil and Gas Industry
- Algeria Oil and Gas Industry
- Argentina Oil and Gas Industry
- Bahrain Oil and Gas Industry
- Brazil Oil and Gas Industry
- Brunei Oil and Gas Industry
- Canada Oil and Gas Industry
- Indonesia Oil and Gas Industry
- Iraq Oil and Gas Industry
- Philippines Oil and Gas Industry
- Russia Oil and Gas Industry
- China Oil and Gas Industry
- Australia Oil and Gas Industry
- Iran Oil and Gas Industry
- Saudi Arabia Oil and Gas Industry
- Kazakhstan Oil and Gas Industry
- Azerbaijan Oil and Gas Industry
- Kenya Oil and Gas Industry
- Norway Oil and Gas Industry
- Mexico Oil and Gas Industry
- Nigeria Oil and Gas Industry
- Pakistan Oil and Gas Industry
The Oil Industry in Detail
Oil Jobs
World Oil Industry