Oil Industry

Question 1

what is size of total oil market and how much of it is crude oil?

Answer 1

90 mmbbl/d = total

75 mmbbl/d = crude oil (rest is natural gas liquids, biofuels, and coal or gas transformed into liquid fuels.)

Question 2

How much of crude oil is traded internationally?

Answer 2

60%

Question 3

what % of total oil consumption does the US Account for?

Answer 3

20%

Question 4

how much of liquids fuels consumption does OECD account for?

Answer 4

50%

Question 5

what does PADD stand for

Answer 5

Petroleum Administration for Defense Districts (The origin of PADDs dates from World War II when it was necessary to allocate domestic petroleum supplies.)

Question 6

what is US annual crude oil consumption? gasoline

Answer 6

18. 6 mmbl/d crude oil

8. 7 mmbbl/d gasoline (~45%)

Question 7

what is a coker and how much of the world’s coking capacity is currently in the US?

Answer 7

downstream processing unit necessary to process the heaviest fractions from crude oils, called residuum.
55% of total global capacity

Question 8

what are top 5 oil producing countries?

Answer 8

Russia, Saudi, US, China & Canada