This statistic represents the losses in global oil supplies between 1956 and 2011. During the Iranian revolution of 1978, the gross peak supply loss came to approximately 5.6 million barrels of oil daily.
Losses in global oil supplies between 1956 and 2011
(in million barrels per day)
Characteristic
Gross peak supply loss in million barrels per day
Libya Collective Action June 2011
1.6
Hurricanes Katrina and Rita September 2005
1.5
War in Iraq March-December 2003
2.3
Venezuelan strike December 2002-March 2003
2.6
Iraqi oil export suspension June-July 2001
2.1
Iraqi invasion of Kuwait August 1990-January 1991
4.3
Outbreak of Iran-Iraq war October 1980-January 1981
4.1
Iranian revolution November 1978-April 1979
5.6
Arab-Israeli war and Arab oil embargo October 1973-March 1974
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IEA. (June 30, 2011). Losses in global oil supplies between 1956 and 2011 (in million barrels per day) [Graph]. In Statista. Retrieved December 22, 2024, from https://www.statista.com/statistics/192866/disruptions-to-global-oil-supplies-since-1957/
IEA. "Losses in global oil supplies between 1956 and 2011 (in million barrels per day)." Chart. June 30, 2011. Statista. Accessed December 22, 2024. https://www.statista.com/statistics/192866/disruptions-to-global-oil-supplies-since-1957/
IEA. (2011). Losses in global oil supplies between 1956 and 2011 (in million barrels per day). Statista. Statista Inc.. Accessed: December 22, 2024. https://www.statista.com/statistics/192866/disruptions-to-global-oil-supplies-since-1957/
IEA. "Losses in Global Oil Supplies between 1956 and 2011 (in Million Barrels per Day)." Statista, Statista Inc., 30 Jun 2011, https://www.statista.com/statistics/192866/disruptions-to-global-oil-supplies-since-1957/
IEA, Losses in global oil supplies between 1956 and 2011 (in million barrels per day) Statista, https://www.statista.com/statistics/192866/disruptions-to-global-oil-supplies-since-1957/ (last visited December 22, 2024)
Losses in global oil supplies between 1956 and 2011 (in million barrels per day) [Graph], IEA, June 30, 2011. [Online]. Available: https://www.statista.com/statistics/192866/disruptions-to-global-oil-supplies-since-1957/
