In June, the Energy Institute released the 2024 Statistical Review of World Energy. 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 two previous articles, I discussed the trends in global carbon dioxide emissions, as well as the overall highlights of the Review. Today, I want to cover the production and consumption of petroleum. Defining Oil The Review lists several categories of oil production. When…
