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Jan 41 min read
U.S. $57 Billion Fuels Trade Surplus in 2023 vs. EU $455 Billion Deficit and China's $435 Deficit
The following key trends are highlighted: United States: Historically had a fuels trade deficit, which began improving significantly...
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Admin
Jan 41 min read
Oil-to-Gold Price Ratio Reaches Historic Low: 0.85 Grams per Barrel in November 2024, Down 32% from Pre-Bretton Woods Era
The oil-to-gold price ratio has experienced significant fluctuations since the collapse of the Bretton Woods system in the early 1970s,...
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Jan 41 min read
Surging Fuel Imports Drive EU Imports from the U.S.
Following Russia's invasion of Ukraine, European sanctions on Russian energy commodities significantly increased EU imports of fuels and...
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Admin
Jan 41 min read
Malaysia Surpasses Saudi Arabia as China’s Second-Largest Crude Oil Supplier
In October 2024, China imported 1.78 million barrels per day (Mb/d) of crude oil from Malaysia, making it the second-largest supplier...
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Jan 41 min read
Russia Overtakes Saudi Arabia as China’s Top Crude Supplier Since Mid-2023
In the first nine months of 2024, Russia exported 2.16 million barrels per day of crude oil to China, exceeding Saudi Arabia exports by...
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Jan 41 min read
Crude Oil Production Value as a Share of Global GDP (1973–2024)
In 2023, crude oil production value accounted for 2.3% of global GDP, with an estimated 2.2% in 2024, both below the long-term average of...
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Jan 41 min read
Semiconductors Rival Crude Oil in Global Trade
In 2023, Global Trade (Exports + Imports) in Integrated Circuits and Semiconductors Reached $2.5 Trillion, Closing in on the $2.7...
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Jan 31 min read
Global Natural Gas Production (2023)
Natural Gas Production in Billion Cubic Feet per Day
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Jan 31 min read
Comparing Crude Oil Production: U.S. States vs. Global Producers (2023)
Texas Produced 5.51 Million Barrels Per Day of Crude Oil in 2023, Surpassing All Countries Except Russia and Saudi Arabia
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Admin
Jul 21, 20243 min read
Top Suppliers of Crude Oil to China (2023)
China has played a significant role in the global economy and energy market, contributing to 28% of global economic growth and accounting...
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Jun 24, 20241 min read
Energy: The Main Driver of India's Trade Deficit
Fossil Fuels and Products Accounted for an Average of 64% of India’s Goods Trade Deficit Over the Last Ten Years.
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Admin
Jun 12, 20241 min read
Winners of EU Sanctions Against Russia
In 2022 and 2023, the European Union significantly reduced its crude oil imports from Russia, decreasing by 81%. This sharp decline was...
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Admin
Jun 12, 20241 min read
Russia's Oil Flows Shifted from West to East
After the Ukraine War, China, and particularly India, replaced the European Union as the main destinations for Russia's crude oil exports.
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Admin
Jun 12, 20241 min read
India's Crude Oil Imports from Russia Skyrocket Post-Ukraine War
India's Crude Oil Imports from Russia Surged by 759% in 2022 and 160% in 2023, Reaching $45 Billion (1.64 Million Barrels per Day) in 2023.
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Admin
Jun 12, 20241 min read
Rise and Fall of Russian Oil in EU Market
Crude oil imports of the European Union from Russia decreased from 3.6 million barrels per day (mmb/d) in 2010 to 2.3 mmb/d in 2021, and...
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Admin
Feb 16, 20241 min read
The U.S. Surpasses Russia in Natural Gas Dominance for the EU Market
#Europe #EU #USA #Russia #energy #energytransition #OOTT #OONG #ONGT #oil #crudeoil #petroleum #FossilFuels #fuels #NaturalGas #natgas...
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Admin
Feb 16, 20241 min read
Market Shift: U.S. Overtakes Russia as Top Energy Supplier to the EU
Monthly imports of fuels and products into the European Union (in Euro billion) #Europe #EU #USA #Russia #energy #energytransition #OOTT...
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Admin
Sep 17, 20231 min read
U.S. Crude Oil Production Has Surpassed Russia and Saudi Arabia Since 2018
#USA #Russia #SaudiArabia #energy #OOTT #oil #crudeoil #ShaleOil #FossilFuels #fuels #exports #imports #trade
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