Skip to main content
OilCanadaRussia

Visualizing the flow of oil around the world

Every day, 93 million barrels of oil are consumed by the world economy.

While a handful of countries are fortunate enough to have sufficient domestic production, many others must go to the $3 trillion global crude market for their energy needs.

• Related: [INFOGRAPHIC] The stories (and deals) behind the 10 biggest oil companies

We previously showed how oil prices affect the currencies of net oil importers and exporters, but today’s map and corresponding data from BP looks more specifically at how oil changes hands on the global market.

The Middle East was the biggest exporter of crude oil with 850.1 million tonnes shipped in 2014. Other major exporters include Russia (294.8), West Africa (213.9), and Canada (148.6).

Many countries in this category, such as Canada, are having their currencies hammered to historic lows.

Here is how major currencies did over 2015 – near the bottom of the list, you will see the currencies of many of the significant oil exporters such as Russia, Mexico, Canada, and Norway.

Stay connected! Follow us on Twitter and like us on Facebook 

Check out the latest edition of Energy Digital

Recommended by Outbrain

Read More

SolarOil
Since the Belridge oil field, located in the San Joaquin Valley of California, was discovered in 1911 it has produce 1.7bn barrels of heavy crude oil… Read More
OilAustralia
Royal Dutch Shell has agreed to sell its entire share in the Australian Woodside Petroleum Limited to equity investors. Shell Energy Holding… Read More
Oil & GasOil
Hurricane Harvey has had a devastating effect on the Texas Gulf Coast and for millions of people life will never be the same again - but on a wider… Read More