according to the “oil and gas journal” year-end statistics, the estimated 2016 Global Petroleum (including crude oil and condensate oil and oil sands) output of nearly 39.2 tons, slightly lower than the previous year 0.1%.

Increase in OPEC oil output reached 3% to 16.6 tons, accounting for 42.3% of the world, including Iran, Iraq, Saudi Arabia has strong growth, growth of 2.3%.

Global oil and gas reserves are remaining kerioth minus 0.6%, the oil reserves of 2254.6 tons, also can be mined for 57 years; natural gas reserves of 188 trillion and 300 billion cubic meters, also can be mined for 55 years. OPEC oil reserves increase of 0.04% to 1660.5 tons, accounting for 73.6% of the world’s natural gas reserves; 0.5% dropped to 94 trillion cubic meters, accounts for about half of the world.

China oil production after 10 years of running forward, 2016 is expected to fall to 6%, but still remained at 2 tons, the world ranking from fourth to 2.18 tons dropped to fifth, ranking fourth in iraq.

The sustained and steady growth of China’s oil and gas reserves, oil reserves ranking 1 to thirteenth place, natural gas reserves are still ranked tenth.