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Energy Shift

The World’s Biggest Oil Producers in 2023

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See this visualization first on the Voronoi app.

Donut chart showing the biggest oil producers by country in 2023.

The World’s Biggest Oil Producers in 2023

This was originally posted on our Voronoi app. Download the app for free on iOS or Android and discover incredible data-driven charts from a variety of trusted sources.

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 32.7 million barrels per day to global oil production.

Oil Production 2023Million barrels per day
🇺🇸 U.S.12.9
🇷🇺 Russia10.1
🇸🇦 Saudi Arabia9.7
🇨🇦 Canada4.6
🇮🇶 Iraq4.3
🇨🇳 China4.2
🇮🇷 Iran3.6
🇧🇷 Brazil3.4
🇦🇪 UAE3.4
🇰🇼 Kuwait2.7
🌍 Other22.8

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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Energy Shift

Visualizing the Decline of Copper Usage in EVs

Copper content in EVs has steadily decreased over the past decade, even as overall copper demand rises due to the increasing adoption of EVs.

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The total copper per vehicle is projected to decrease by 38 kg between 2015 and 2030.

Visualizing the Decline of Copper Usage in EVs

Copper intensity in passenger battery electric vehicles (BEVs) has steadily decreased over the last decade, driven by numerous technological advancements alongside increasing usage of alternative materials such as aluminum.

In this graphic, we visualize the evolution of copper demand in various subcomponents of passenger battery electric vehicles (BEVs) from 2015 to 2030F, along with total global copper demand driven by EVs for the same period. This data comes exclusively from Benchmark Mineral Intelligence.

Copper Intensity Per Car

According to Benchmark Mineral Intelligence, the copper intensity per vehicle is expected to decline by almost 38 kg, from 99 kg in 2015 to 62 kg by 2030.

YearWiringMotorCopper FoilBusbarAuxiliary MotorCharging CableTotal
201530841.2613.232.873.9699.32
201629838.6813.372.853.9295.82
201728732.6712.722.843.9087.13
201827726.3911.872.823.8878.96
201926728.0010.852.783.8278.45
202025724.7110.242.733.7673.44
202124625.279.292.693.7070.95
202223728.448.562.653.6473.29
202322729.878.122.613.5873.18
2024F21727.737.672.563.5269.48
2025F20727.797.192.522.5167.01
2026F20727.786.632.483.4167.30
2027F19827.556.152.443.3566.49
2028F18826.775.702.403.3064.17
2029F18826.175.512.393.2863.35
2030F17825.635.442.373.2661.70

One of the most significant factors driving this decline is thrifting, where engineers and manufacturers continuously improve the efficiency and performance of various components, leading to reduced copper usage. A key example of this is in battery production, where the thickness of copper foil used in battery anodes has significantly decreased.

In 2015, Benchmark estimated copper foil usage was just over 41 kg per vehicle (at an average thickness of 10 microns), but by 2030, it is projected to fall to 26 kg as manufacturers continue to adopt thinner foils.

Similarly, automotive wiring systems have become more localized, with advances in high-voltage wiring and modular integration allowing for reduced copper content in wiring harnesses.

Copper used in wiring has dropped from 30 kg per vehicle in 2015 to a projected 17 kg by 2030.

Newer, more compact power electronics and improved thermal management in motors and charging cables have also contributed to the reduction in copper usage.

Substitution has also played a role, with alternatives such as aluminum increasingly being used in components like busbars, wiring harnesses, and charging cable applications.

Aluminum’s lighter weight and lower cost have made it a practical alternative to copper in specific applications, though the additional space required to achieve the same level of conductivity can limit its use in certain cases.

Benchmark estimates that copper used in automotive wire harnesses has declined by 30% between 2015 and 2024.

The Road Ahead

Despite reductions in per-vehicle copper usage, the outlook for copper demand from the EV sector remains strong due to the sector’s growth.

YearEV Sector Copper Demand (tonnes)
201556K
201682K
2017111K
2018166K
2019179K
2020237K
2021447K
2022696K
2023902K
2024F1.0M
2025F1.2M
2026F1.5M
2027F1.7M
2028F2.0M
2029F2.2M
2030F2.5M

Benchmark’s analysis indicates that by 2030, copper demand driven by EVs alone will exceed 2.5 million tonnes, securing copper’s critical role in the transition to a low-carbon future.

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Energy Shift

Visualizing the Rise in Global Coal Consumption

China remains the largest coal consumer, making up 56% of the global total.

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In this graphic, we show global coal consumption by region from 1965 to 2020.

Visualizing the Rise in Global Coal Consumption

This was originally posted on our Voronoi app. Download the app for free on iOS or Android and discover incredible data-driven charts from a variety of trusted sources.

Despite efforts to decarbonize the economy, global coal consumption surpassed 164 exajoules for the first time in 2023. The fossil fuel still accounts for 26% of the world’s total energy consumption.

In this graphic, we show global coal consumption by region from 1965 to 2023, based on data from the Energy Institute.

China Leads in Coal Consumption

China is by far the largest consumer of coal, accounting for 56% of the global total, with 91.94 exajoules in 2023.

It is followed by India, with 21.98 exajoules, and the U.S., with 8.20 exajoules. In 2023, India exceeded the combined consumption of Europe and North America for the first time.

Regionally, North America and Europe have seen a decline in coal consumption since the 1990s, while the Asia-Pacific region experienced a surge in demand during the same period.

YearAsia Pacific (Exajoules)North AmericaEuropeRest of the WorldTotal World
2013114.1419.4815.8611.47160.95
2014115.7419.3914.8811.68161.62
2015115.0016.8914.2411.11157.25
2016113.2115.5513.7411.35153.85
2017115.6715.3013.2911.23155.50
2018119.0514.5012.9811.34157.87
2019121.9412.4911.0611.45156.95
2020121.919.979.5710.82152.27
2021127.7511.2410.4411.12160.56
2022129.8010.5410.0211.18161.53
2023135.708.838.3911.11164.03

Coal Production on the Rise

In addition to consumption, global coal production also reached its highest-ever level in 2023, at 179 exajoules.

The Asia-Pacific region accounted for nearly 80% of global output, with activity concentrated in Australia, China, India, and Indonesia.

China alone was responsible for just over half of total global production.

Learn More on the Voronoi App 

If you want to learn more about fossil fuel consumption, check out this graphic showing the top 12 countries by fossil fuel consumption in 2023.

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