From 1999 to 2018, the cumulative real revenue of global crude oil production amounted to nearly 4.2 trillion U.S. dollars. In the Net Zero scenario, crude oil's real revenue between 2021 and 2040 is forecast to reach 12.9 trillion U.S. dollars.
Cumulative real revenue from fossil fuels worldwide from 1999 to 2018, with a forecast for 2021 to 2040, by fuel type
(in billion U.S. dollars)
For the forecast between 2021 to 2040, certain price assumptions were made as stated below:
A barrel of oil costs 30 U.S. dollars
A British thermal unit for natural gas costs 1.50 million U.S. dollars
A metric ton of coal costs 40 U.S. dollars
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IMF. (October 6, 2021). Cumulative real revenue from fossil fuels worldwide from 1999 to 2018, with a forecast for 2021 to 2040, by fuel type (in billion U.S. dollars) [Graph]. In Statista. Retrieved November 22, 2024, from https://www.statista.com/statistics/1318538/global-cumulative-revenue-fossil-fuels/
IMF. "Cumulative real revenue from fossil fuels worldwide from 1999 to 2018, with a forecast for 2021 to 2040, by fuel type (in billion U.S. dollars)." Chart. October 6, 2021. Statista. Accessed November 22, 2024. https://www.statista.com/statistics/1318538/global-cumulative-revenue-fossil-fuels/
IMF. (2021). Cumulative real revenue from fossil fuels worldwide from 1999 to 2018, with a forecast for 2021 to 2040, by fuel type (in billion U.S. dollars). Statista. Statista Inc.. Accessed: November 22, 2024. https://www.statista.com/statistics/1318538/global-cumulative-revenue-fossil-fuels/
IMF. "Cumulative Real Revenue from Fossil Fuels Worldwide from 1999 to 2018, with a Forecast for 2021 to 2040, by Fuel Type (in Billion U.S. Dollars)." Statista, Statista Inc., 6 Oct 2021, https://www.statista.com/statistics/1318538/global-cumulative-revenue-fossil-fuels/
IMF, Cumulative real revenue from fossil fuels worldwide from 1999 to 2018, with a forecast for 2021 to 2040, by fuel type (in billion U.S. dollars) Statista, https://www.statista.com/statistics/1318538/global-cumulative-revenue-fossil-fuels/ (last visited November 22, 2024)
Cumulative real revenue from fossil fuels worldwide from 1999 to 2018, with a forecast for 2021 to 2040, by fuel type (in billion U.S. dollars) [Graph], IMF, October 6, 2021. [Online]. Available: https://www.statista.com/statistics/1318538/global-cumulative-revenue-fossil-fuels/
