Energy
What Can Be Made from One Barrel of Oil?
What Can Be Made from One Barrel of Oil?
Oil gets a bad rap these days, but the stuff is actually quite incredible.
Many people think of crude oil as a thick, black liquid that is used to source our unquenchable thirst for gasoline. However, the reality is that each barrel of oil is refined to be used in a variety of applications that includes fuel, cosmetics, plastics, rubber, and candle wax.
What’s in one barrel of oil?
Today’s infographic comes from JWN Energy, an oil and gas news site. Using Chevron as a source, it shows 17 different things that can be made from each barrel of oil.
Here is everything that can be made from just one barrel of oil:
- Enough gasoline to drive a medium-sized car over 450km (280 miles).
- Enough distillate fuel to drive a large truck for almost 65km (40 miles). If jet fuel fraction is included, that same truck can run nearly 80km (50 miles).
- Nearly 70 kWh of electricity at a power plant generated by residual fuel.
- About 1.8 kg (4 lbs) of charcoal briquettes.
- Enough propane to fill 12 small (14.1 ounce) cylinders for home, camping or workshop use.
- Asphalt to make about 3.8 L (one gallon) of tar for patching roofs or streets.
- Lubricants to make about a 0.95 L (one quart) of motor oil.
- Wax for 170 birthday candles or 27 wax crayons.
But that’s not all. After producing all of the above products, there’s also enough petrochemicals leftover to be used as a base for one of the following:
- 39 polyester shirts
- 750 pocket combs
- 540 toothbrushes
- 65 plastic dustpans
- 23 hula hoops
- 65 plastic drinking cups
- 195 one-cup measuring cups
- 11 plastic telephone housings
- 135 four-inch rubber balls
Oil is not a one-trick pony, and the gooey black liquid actually has thousands of applications. The above serves as one example of how a barrel could be used, but here’s a list of many other oil applications. It includes everything from guitar strings to antihistamines.
Whatever your opinion is of fossil fuels, it’s still pretty astonishing what can be produced out of each barrel of oil.
Energy
The World’s Biggest Oil Producers in 2023
Just three countries accounted for 40% of global oil production last year.
The World’s Biggest Oil Producers in 2023
This was originally posted on Elements. Sign up to the free mailing list to get beautiful visualizations on natural resource megatrends in your email.
Despite efforts to decarbonize the global economy, oil still remains one of the world’s most important resources. It’s also produced by a fairly limited group of countries, which can be a source of economic and political leverage.
This graphic illustrates global crude oil production in 2023, measured in million barrels per day, sourced from the U.S. Energy Information Administration (EIA).
Three Countries Account for 40% of Global Oil Production
In 2023, the United States, Russia, and Saudi Arabia collectively contributed 32.8 million barrels per day to global oil production.
Oil Production 2023 | Million barrels per day |
---|---|
🇺🇸 U.S. | 12.9 |
🇷🇺 Russia | 10.1 |
🇸🇦 Saudi Arabia | 9.7 |
🇨🇦 Canada | 4.6 |
🇮🇶 Iraq | 4.3 |
🇨🇳 China | 4.2 |
🇮🇷 Iran | 3.6 |
🇧🇷 Brazil | 3.4 |
🇦🇪 UAE | 3.4 |
🇰🇼 Kuwait | 2.7 |
🌍 Other | 22.8 |
These three nations have consistently dominated oil production since 1971. The leading position, however, has alternated among them over the past five decades.
In contrast, the combined production of the next three largest producers—Canada, Iraq, and China—reached 13.1 million barrels per day in 2023, just surpassing the production of the United States alone.
In the near term, no country is likely to surpass the record production achieved by the U.S. in 2023, as no other producer has ever reached a daily capacity of 13.0 million barrels. Recently, Saudi Arabia’s state-owned Saudi Aramco scrapped plans to increase production capacity to 13.0 million barrels per day by 2027.
In 2024, analysts forecast that the U.S. will maintain its position as the top oil producer. In fact, according to Macquarie Group, U.S. oil production is expected to achieve a record pace of about 14 million barrels per day by the end of the year.
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