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Between 2000 and 2005, the capacity of oil tankers scrapped each year has ranged between 5.6 million DWT and 18.4 million DWT. [76] In this same timeframe, tankers have accounted for between 56.5% and 90.5% of the world's total scrapped ship tonnage. [76] In this period the average age of scrapped oil tankers has ranged from 26.9 to 31.5 years ...
Some statistics on this page are disputed and controversial—different sources (OPEC, CIA World Factbook, oil companies) give different figures. Some of the differences reflect different types of oil included. Different estimates may or may not include oil shale, mined oil sands or natural gas liquids.
ExxonMobil's oil refinery in Baton Rouge is the sixth-largest in the United States [1] Anacortes Refinery , on the north end of March Point southeast of Anacortes, Washington Petroleum refining in the United States in 2024 had a capacity of 18.4 million barrels per day. [ 2 ]
Commercial crude oil stock pile. The Strategic Petroleum Reserve (SPR) is an emergency stockpile of petroleum maintained by the United States Department of Energy (DOE). It is the largest publicly known emergency supply in the world; its underground tanks in Louisiana and Texas have capacity for 714 million barrels (113,500,000 m 3). [1]
The National Iranian Oil Company (NIOC) began construction of 15 crude oil storage tanks with a capacity of 10,000,000 barrels (1,600,000 m 3). [64] In August 2008, Iran announced plans to expand the SPR with a new facility on Kharg Island with four tanks holding 1,000,000 barrels (160,000 m 3) each. Iran's SPR facilities are:
In 1970, local peak production was 10,044 million bbl (1,597 million m 3) per day in November 1970. [8] Total production of crude oil from 1970 through 2006 was 102 billion barrels (16.2 × 10 ^ 9 m 3), or roughly five and a half times the proved reserves over the same timeframe when taking into account the decreasing proved reserves.
West Texas Intermediate crude oil surged 4.06% to $76.92 a barrel. Brent crude, the international benchmark, was higher by 3.82%, at $79.86 a barrel. Gold jumped 1.12% to $2,720.90 an ounce.
Top 5 oil-producing countries 1980–2022 World oil production. This is a list of countries by oil production (i.e., petroleum production), as compiled from the U.S. Energy Information Administration database for calendar year 2023, tabulating all countries on a comparable best-estimate basis.