Attention:
Today is June 20, which is the day each year the bible of energy from BP releases its annual assessment of production and consumption of oil, gas, coal and other items.
Important items from today:
China oil consumption rose 10% in 2023 to over 16 million barrels/day. The US consumption is about 19 million bpd, up less than 1%. India’s oil consumption rose 4.5%.
US gas production exceeded 1 trillion cubic meters for the year, with a quoted reserves total of 12.6 Tcm. The gas reserves numbers are noted to be under review, but this 12.6 number (and Russia’s 37 Tcm number) have both been approximately that since pre Covid, and post fracking. Assessment of what is there in frackable rock has already been made.
Note above, that enormous 10% China rise is despite all those EVs, which apparently run on oil.
“Attention:
Today is June 20, which is the day each year the bible of energy from BP releases its annual assessment of production and consumption of oil, gas, coal and other items.”
Thank you for information :)