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Rediff.com  » Business » Rise and fall in oil production and consumption

Rise and fall in oil production and consumption

Last updated on: June 14, 2012 15:00 IST

Image: An employee counts money at a fuel station in Kolkata.
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

Image: The Kingdom Tower in capital Riyadh.
Photographs: Ali Jarekji/Reuters

Saudi Arabia

Increase in production (2011): 1.2 million barrels per day

Global rank: 1

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Tags: , Saudi Arabia

Rise and fall in oil production and consumption

Image: High-rise residential and office towers are seen near Sheikh Zayed Road in Dubai.
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

Image: A night view of Kuwait City.
Photographs: Stephanie McGehee/Reuters

Kuwait

Increase in production (2011): 330,000 barrels per day

Global rank: 3

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Tags: , Kuwait

Rise and fall in oil production and consumption

Image: A view of a tourist village of Habaniya, near Fallujah.
Photographs: Mohanned Faisal/Reuters

Iraq

Increase in production (2011): 310,000 barrels per day

Global rank: 4

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Tags: , Increase , Iraq

Rise and fall in oil production and consumption

Image: Children cross a footbridge in Boston.
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

Image: A view of the aurora borealis near the city of Tromsoe in Norway.
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

Image: A view of a government building in central Baku.
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

Image: Dusk settles over the Angolan capital, Luanda.
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

Image: Pedestrians walk across Westminster Bridge in front of the Big Ben Clock Tower in London.
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

Image: A view of Tripoli's Old City.
Photographs: Zohra Bensemra/Reuters

Libya

Decline in production (2011): 1.1 million barrels per day

Global rank: 10

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Tags: , Libya

Rise and fall in oil production and consumption

Image: A view of Shanghai.
Photographs: Aly Song/Reuters

China

Increase in consumption (2011): 505,000 barrels per day

Global rank: 1

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Tags: , China

Rise and fall in oil production and consumption

Image: St Basil's Cathedral is pictured in Moscow's Red Square.
Photographs: Mikhail Voskresenskiy/Reuters

Russia

Increase in consumption (2011): 140,000 barrels per day

Global rank: 2

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Tags: , Russia

Rise and fall in oil production and consumption

Image: Tourists walk on a pathway that leads to Nahargarh fort in Jaipur.
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

Image: The sun sets behind Borg Al-Faisalya, one of the two main towers in Riyadh.
Photographs: Ali Jarekji/Reuters

Saudi Arabia

Increase in consumption (2011): 105,000 barrels per day

Global rank: 4

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Tags: , Saudi Arabia

Rise and fall in oil production and consumption

Image: A view of Dubai.
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

Image: The Torre Iberdrola is seen from the Guggenheim Museum in Bilbao. The 541 feet glass-clad skyscraper is Bilbao's tallest building.
Photographs: Vincent West/Reuters

Spain

Decline in consumption (2011): 40,000 barrels per day

Global rank: 6

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Tags: , Spain

Rise and fall in oil production and consumption

Image: A woman speaks on her mobile phone at the midway point of a slope at Shemshak ski resort, 30km north of Tehran.
Photographs: Caren Firouz/Reuters

Iran

Decline in consumption (2011): 50,000 barrels per day

Global rank: 7

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Tags: , Iran

Rise and fall in oil production and consumption

Image: A curator walks past displays of Barbie dolls at the Doll Industry Museum in Taishan, Taipei County.
Photographs: Nicky Loh/Reuters

Taiwan

Decline in consumption (2011): 70,000 barrels per day

Global rank: 8

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Tags: , Taiwan

Rise and fall in oil production and consumption

Image: The skyline of Frankfurt with its bank towers is seen under clouds.
Photographs: Kai Pfaffenbach/Reuters

Germany

Decline in consumption (2011): 80,000 barrels per day

Global rank: 9

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Tags: , Germany

Rise and fall in oil production and consumption

Image: Signs of fast food restaurants are seen along a busy street in Los Angeles.
Photographs: David McNew/Reuters

The United States

Decline in consumption (2011): 330,000 barrels per day

Global rank: 10