Interactive Report: Chasing the Lowest-Carbon Crudes
What drives crude markets?
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As climate concerns spur the adoption of net-zero emission pledges, the carbon footprint of specific crudes is rapidly becoming the new go-to quality metric for both producers and buyers of the world's biggest single energy source. Brought to you by S&P Global Commodity Insights, this interactive online report covers:
- What drives crude production?
- The carbon intensity scale of crude production across the globe (Canada oil sands, Offshore North America, UK, Norway, Middle East, Asia)
- The best practices associated with decarbonizing upstream production
How is Crude Carbon Intensity assessed? Crude Carbon Intensity is assessed by evaluating the operations of each oil field and the associated oil and gas production on a monthly basis. The scale of the monthly carbon intensity of each field is then related to the energy required to produce and process the crude, any combustion associated with production and processing, all flaring occurring at the field, as well as any fugitive emissions and methane leaks from equipment.
All of these impacts are combined into a single carbon footprint, which is then underpinned by the monthly production of oil and gas. This report examines global crude production sources and the scale of their crude carbon intensity.
