Photographs: Rupak De Chowdhuri/Reuters
It was a "turbulent year" for global oil markets according to BP's Statistical Review of World Energy. Libya's civil war and the Arab spring played a part in crimping supplies and prices rose by 40 per cent.
Brent crude reached its highest-ever average price at $111 a barrel for the year.
Let's take a look at the biggest rise and fall in oil production and consumption in the world.
Source: The Economist
The figures show change in oil production over 2010
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Rise and fall in oil production and consumption
Photographs: Ali Jarekji/Reuters
Saudi Arabia
Increase in production (2011): 1.2 million barrels per day
Global rank: 1
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Rise and fall in oil production and consumption
Photographs: Jumana El-Heloueh/Reuters
The United Arab Emirates
Increase in production (2011): 450,000 barrels per day
Global rank: 2
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Rise and fall in oil production and consumption
Photographs: Stephanie McGehee/Reuters
Kuwait
Increase in production (2011): 330,000 barrels per day
Global rank: 3
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Rise and fall in oil production and consumption
Photographs: Mohanned Faisal/Reuters
Iraq
Increase in production (2011): 310,000 barrels per day
Global rank: 4
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Rise and fall in oil production and consumption
Photographs: Brian Snyder/Reuters
The United States
Increase in production (2011): 280,000 barrels per day
Global rank: 5
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Rise and fall in oil production and consumption
Photographs: Rune Stoltz Bertinussen/Scanpix/Reuters
Norway
Decline in production (2011): 100,000 barrels per day
Global rank: 6
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Rise and fall in oil production and consumption
Photographs: David Mdzinarishvili/Reuters
Azerbaijan
Decline in production (2011): 110,000 barrels per day
Global rank: 7
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Rise and fall in oil production and consumption
Photographs: Mike Hutchings/Reuters
Angola
Decline in production (2011): 130,000 barrels per day
Global rank: 8
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Rise and fall in oil production and consumption
Photographs: Stefan Wermuth/Reuters
The United Kingdom
Decline in production (2011): 230,000 barrels per day
Global rank: 9
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Rise and fall in oil production and consumption
Photographs: Zohra Bensemra/Reuters
Libya
Decline in production (2011): 1.1 million barrels per day
Global rank: 10
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Rise and fall in oil production and consumption
Photographs: Aly Song/Reuters
China
Increase in consumption (2011): 505,000 barrels per day
Global rank: 1
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Rise and fall in oil production and consumption
Photographs: Mikhail Voskresenskiy/Reuters
Russia
Increase in consumption (2011): 140,000 barrels per day
Global rank: 2
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Rise and fall in oil production and consumption
Photographs: Altaf Hussain/Reuters
India
Increase in consumption (2011): 120,000 barrels per day
Global rank: 3
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Rise and fall in oil production and consumption
Photographs: Ali Jarekji/Reuters
Saudi Arabia
Increase in consumption (2011): 105,000 barrels per day
Global rank: 4
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Rise and fall in oil production and consumption
Photographs: Mohammed Salem/Reuters
The United Arab Emirates
Increase in consumption (2011): 50,000 barrels per day
Global rank: 5
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Rise and fall in oil production and consumption
Photographs: Vincent West/Reuters
Spain
Decline in consumption (2011): 40,000 barrels per day
Global rank: 6
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Rise and fall in oil production and consumption
Photographs: Caren Firouz/Reuters
Iran
Decline in consumption (2011): 50,000 barrels per day
Global rank: 7
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Rise and fall in oil production and consumption
Photographs: Nicky Loh/Reuters
Taiwan
Decline in consumption (2011): 70,000 barrels per day
Global rank: 8
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Rise and fall in oil production and consumption
Photographs: Kai Pfaffenbach/Reuters
Germany
Decline in consumption (2011): 80,000 barrels per day
Global rank: 9
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Rise and fall in oil production and consumption
Photographs: David McNew/Reuters
The United States
Decline in consumption (2011): 330,000 barrels per day
Global rank: 10
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