Production: pre-Covid trends prevail Fig 1: Oil decline in 2020 was a modest 200 kb/d similar to the post 2015 trend Fig 2: China’s (and Australia’s) modest growth of 65 kb/d (12…
Tag: BP Statistical Review
Persian Gulf oil export peak after tanker attacks?
Tankers holed and burning in the Gulf of Oman are not a good sign for future oil exports from the Persian Gulf. Fig 1: Norway’s Front Altair burning with 75,000 tons of…
Qatar peak oil
Qatar announces it will leave OPEC Fig 1: Qatar’s Minister for Energy 4/12/2018 Qatar to withdraw from OPEC in January 2019 Speaking at a news conference in the capital Doha, al-Kaabi said:…
Peak oil in Asia Pacific (part 1)
This post uses data released by the BP Statistical Review in June 2018 https://www.bp.com/en/global/corporate/energy-economics/statistical-review-of-world-energy.html Oil production seems to have left its bumpy 6 year long (2010-2015) plateau of 8.4 mb/d and is…
Asia Pacific oil supply gap widening as China production drops
The annual BP Statistical Review with data up to and including 2016 was published last week. In this post we have a look at oil statistics for Asia – Pacific. China’s oil…
Australian ABC TV selectively quotes BP to match its own “no worries” narrative
On the 7 pm news of Friday, 26/5/2017, with 610K viewers, ABC TV quoted from BP’s Energy Outlook 2017 by cherry-picking parts of graphs, giving viewers the impression that there are no…
Oil reserves and resources as function of oil price
BP Statistical Review: proved reserves not so proven We start with what most people will do, the BP Statistical Review (latest version June 2016). The review’s Excel file contains a work sheet…
Oil prices started to skyrocket when one quarter of global supplies went into irreversible decline
This is the 1st post on the BP Statistical Review 2014 which has been published recently. There are many reasons why oil prices went up in the last 10 years but the…
Why the closure of BP’s Brisbane Bulwer refinery reduces Australia’s energy security
Contrary to BP’s media statement the closure of the Bulwer refinery in Brisbane will reduce Australia’s energy security because Australia’s crude oil imports as refinery feedstock come from a dozen or so…
BP Statistical Review 2012 Part 2 Australia proved oil reserves overreported by a factor of 2
This is easy to check. From the Geoscience Australia website (GA – Oil and Gas Resources of Australia – OGRA) we add total reserves (proved and probable = 2P) for crude oil,…