The U.S. Retains Its Crown As World’s Top Oil Producer

Last month BP released its Statistical Review of World Energy 2021. The Review provides a comprehensive picture of supply and demand for major energy sources on a country-level basis. Each year, I do a series of articles covering the Review’s findings. In the previous article, I discussed the trends in global carbon dioxide emissions.

Today, I want to cover the production and consumption of petroleum. A Record Decline in Oil Demand For 2020, the Review reported the largest decline in oil* consumption on record. After nine consecutive years…