Interactive historical chart showing the monthly level of U.S. crude oil production back to 1983 from the US Energy Information Adminstration (EIA). World crude oil production by region, 1971-2019 - Charts - Data & Statistics - IEA World crude oil production by region, 1971-2019 Last updated 26 Oct 2022 Download chart Cite Share Mt 1975 1980 1985 1990 1995 2000 2005 2010 2015 0 1000 2000 3000 4000 5000 IEA. Extended world energy balances, Snapshot of data for a fixed period (data will not change even if updated on the site). World Oil Production, 1950-2009 Year Production* Million Barrels per Day 1950 10.42 1951 11.73 1952 12.34 1953 13.15 1954 13.74 1955 15.41 1956 16.78 1957 17.64 1958 18.10 We expect OECD oil demand to remain largely flat over the forecast period, as inflationary economic pressures continue to limit GDP and oil demand growth and as the oil intensity of OECD economies declines. June 28, 2022. Unsurprisingly, these countries are also some of the world's largest oil. Non-OPEC Petroleum and Other Liquids Production, Table 3c. World Oil Production is at a current level of 89.88M, up from 88.49M one year ago. Organisation for Economic. This is a change of 1.56% from one year ago. Leading U.S. oil and gas producers based on market cap Oct 2022, Crude oil production in the U.S. by state 2021, West Texas Intermediate annual average oil price 1976-2023. Facebook: quarterly number of MAU (monthly active users) worldwide 2008-2022, Quarterly smartphone market share worldwide by vendor 2009-2022, Number of apps available in leading app stores Q3 2022, Profit from additional features with an Employee Account. In 2019, around 64% of our electricity came from fossil fuels. Backlinks from other websites are the lifeblood of our site and a primary source of new traffic. STEO Data browser Directly accessible data for 170 industries from 50 countries and over 1 million facts: Get quick analyses with our professional research service. NGLs are the liquid or liquefied hydrocarbons produced in the manufacture, purification and stabilisation of natural gas. Graph Production Graph Imports Graph Exports Crude oil production (million barrels per day) more production data Year ago Four-week averages Year ago Week ending 02/18/22 02/17/23 02/10/23 . Chart. Excludes liquid fuels from other sources such as biofuels and synthetic derivatives of coal and natural gas. Basic Info World Oil Production is at a current level of 89.88M, up from 88.49M one year ago. Licence: CC BY 4.0 OECD OPEC Rest of the world Related charts Share of top producing countries in extraction of selected minerals and fossil fuels, 2019 Open % Palm oil production has increased rapidly over the past 50 years. January 2013 - December 2014 Table 3.7: World biofuel production. ZIP files contain data in fixed-width TXT format. Then you can access your favorite statistics via the star in the header. Information is provided in the form of supply and demand balances, presenting indigenous production, imports, exports, stock changes and refinery intake for 38 OECD countries, 14 European non-OECD countries and 7 regional aggregates for years 1960-2020, with provisional data for 2021 (unless otherwise specified see documentation). Overview and forecasts on trending topics, Industry and market insights and forecasts, Key figures and rankings about companies and products, Consumer and brand insights and preferences in various industries, Detailed information about political and social topics, All key figures about countries and regions, Market forecast and expert KPIs for 600+ segments in 150+ countries, Insights on consumer attitudes and behavior worldwide, Business information on 60m+ public and private companies, Detailed information for 35,000+ online stores and marketplaces. Oil prices rose during January in part because of the expectation of increasing oil demand as a result of relaxing COVID-19 restrictions and increasing mobility in China. The exceptions to this are in the early 1980s, and 2009 following the financial crisis. BP. As soon as this statistic is updated, you will immediately be notified via e-mail. World Crude Oil Production is at a current level of 81.65M, up from 81.34M last month and up from 77.72M one year ago. Statista. Press release. We have provided a few examples below that you can copy and paste to your site: Your data export is now complete. Macro-economics; Oil data: upstream; Oil data: downstream; Oil trade; Oil transportation; . State production estimates reported by EIA are normally different from data reported by state agencies. Monthly and yearly energy forecasts, analysis of energy topics, financial analysis, congressional reports. In, BP. The share from coal and gas individually can be found . Comprehensive data summaries, comparisons, analysis, and projections integrated across all energy sources. | Organisation for Economic Co-operation and Development (OECD), Source: Annual Oil Statistics (AOS) contains data in thousand tonnes for crude oil, NGL, and 17 petroleum products. Exploration and reserves, storage, imports and exports, production, prices, sales. If you use our datasets on your site or blog, we ask that you provide attribution via a link back to this page. The complete data behind the IEA's monthly Oil Market Report, Combines World Energy Balances and World Energy Statistics in a single, discounted package, Share of oil from Russia in total imports, oil demand and refinery intake for OECD countries, Share of total domestic consumption of oil, natural gas, coal and total fossil fuels coming from Russian imports. Our World in Data is free and accessible for everyone. "Distribution of Crude Oil Production Worldwide in 2021, by Leading Country. Need help with your purchase ? (June 28, 2022). This statistic is not included in your account. This is now 350 million tonnes. Sign up for email subcriptions to receive messages about specific EIA products. In addition, the table includes data on inland deliveries by sector: transformation, energy, transport, industry and other sectors, as well as the non-energy use. You can unsubscribe at any time by clicking the link at the bottom of any IEA newsletter. ", BP, Oil production worldwide from 1998 to 2021 (in 1,000 barrels per day) Statista, https://www.statista.com/statistics/265203/global-oil-production-since-in-barrels-per-day/ (last visited March 01, 2023), Oil production worldwide from 1998 to 2021 (in 1,000 barrels per day) [Graph], BP, June 28, 2022. GRAPH: World Oil Production, 1950-2009 Top 20 Oil Producing Countries, 2009 Oil Production in the United States, 1900-2009 . You need a Statista Account for unlimited access. In the chart here we see the change in global soybean production from 1961 onwards. World Petroleum and Other Liquids Consumption, West Texas Intermediate (WTI) crude oil price, World liquid fuels production and consumption balance, World liquid fuels production and consumption, World crude oil and liquid fuels production, OPEC surplus crude oil production capacity, OECD commercial inventories of crude oil and other liquids (days of supply), Estimated unplanned crude oil production outages among OPEC and non-OPEC producers. Our World In Data is a project of the Global Change Data Lab, a registered charity in England and Wales (Charity Number 1186433). Historically, crude oil prices have seen increases in times when OPEC production targets are reduced. The Oil Information data service contains time series of oil data for 38 OECD countries and 14 European non-OECD countries from 1960 to 2020, with provisional data for 2021. Profit from the additional features of your individual account. As a Premium user you get access to the detailed source references and background information about this statistic. Release Date: Feb. 7, 2023 | Please consult our full legal disclaimer. A paid subscription is required for full access. Help us do this work by making a donation. You only have access to basic statistics. USD/bbl, 20.15 Figures include crude oil, shale oil, oil sands, condensates and NGLs. Global soybean oil production volume 2012/13-2022/23 . Stats Energy & Financial Markets: What Drives Crude Oil Prices? Crude oil production is defined as the quantities of oil extracted from the ground after the removal of inert matter or impurities. The best of the best: the portal for top lists & rankings: Strategy and business building for the data-driven economy: Industry-specific and extensively researched technical data (partially from exclusive partnerships). Oil Imports The United States imports 37% of its oil consumption (7,259,000 barrels per day in 2016). Total U.S. Oil Production. January 2009 - December 2010 World oil production by region, 1971-2020 Last updated 26 Oct 2022 Download chart Cite Share million tonnes 1971 1980 1990 2000 2010 2020 0 250 500 750 1000 1250 1500 1750 2000 IEA. The report provides a comprehensive outlook for global supply and demand through 2026 and explores some of the challenges and uncertainties that lie ahead. Find out about the world, a region, or a country, Find out about a fuel, a technology or a sector, Explore the full range of IEA's unique analysis, Search, download and purchase energy data and statistics, Search, filter and find energy-related policies, Shaping a secure and sustainable energy future, Clean Energy Transitions in Emerging Economies, Digital Demand-Driven Electricity Networks Initiative. January 2021 - Current Month | To use individual functions (e.g., mark statistics as favourites, set Use Ask Statista Research Service. All the software and code that we write is open source and made available via GitHub under the permissive MIT license. This page provides values for Crude Oil Production reported in several countries. Are you interested in testing our business solutions? A paid subscription is required for full access. We have provided a few examples below that you can copy and paste to your site: Your image export is now complete. If you are an admin, please authenticate by logging in again. Get full access to all features within our Business Solutions. Values shown are in thousands of barrels produced per day. | Come test out some of the products still in development and let us know what you think! Business Solutions including all features. Saudi Arabia's oil production has amounted to roughly 11 million barrels of oil per day for the past few years. The current level of U.S. crude oil production as of February 2022 is 11,600.00 thousand barrels per day. All Figures. Register in seconds and access exclusive features. You need a Statista Account for unlimited access. Some major series for oil demand and supply for the world and regional aggregates are also included up to 2021 based on preliminary data. Next Release Date: Mar. Global oil demand: Global liquids fuel consumption in the forecast increases from an average of 99.4 million barrels per day (b/d) in 2022 to 102.3 million b/d in 2024, driven primarily by growth in China and other non-OECD countries. Correspondingly, our forecast spot price of Brent crude oil falls to an average of $82/b in 2H23 and $78/b in 2024. | This indicator is measured in thousand tonne of oil equivalent (toe).Crude oil is a mineral oil consisting of a mixture of hydrocarbons of natural origin, yellow to black in colour, and of variable density and viscosity. Global oil demand rebounded in 2021 from its Covid-induced historic decline and while demand is set to keep increasing in the immediate years, its longer-term outlook is uncertain because of challenges from alternative fuels and changing behaviour of drivers and commuters. Forecast Completed: Feb. 2, 2023 | Data are in kilotonnes. Create a free IEA account to download our reports or subcribe to a paid service. statistic alerts) please log in with your personal account. MTBE and tetraethyl lead).Refinery production refers to the output of secondary oil products from an oil refinery. Financial market analysis and financial data for major energy companies. Still, the Covid-19 pandemic was associated with a notable drop in production in 2020. ", BP, Distribution of crude oil production worldwide in 2021, by leading country Statista, https://www.statista.com/statistics/236605/share-of-global-crude-oil-production-of-the-top-15-oil-producing-countries/ (last visited March 01, 2023), Distribution of crude oil production worldwide in 2021, by leading country [Graph], BP, June 28, 2022. Text Only Are you interested in testing our business solutions? Global oil supply: Global liquid fuels production averaged about 100.0 million b/d in 2022, and we forecast it will increase by an average of 1.1 million b/d in 2023 and 1.5 million b/d in 2024. Forms EIA uses to collect energy data including descriptions, links to survey instructions, and additional information. January 2017 - December 2018 The change in global production is shown in the chart. World crude oil price vs. oil consumption. OPEC Crude Oil (excluding condensates) Production, Table 3d. It includes crude oil, natural gas liquids (NGLs) and additives. OECD (2022), Crude oil production (indicator). Crude oil, gasoline, heating oil, diesel, propane, and other liquids including biofuels and natural gas liquids. We forecast that the reversal of restrictions will contribute to oil demand in China increasing by 0.7 million b/d in 2023 and by 0.4 million b/d in 2024. This statistic was compiled using several releases of the publication. You need at least a Starter Account to use this feature. USD/bbl, 6.74 Daily and cumulative crude oil production in OPEC Members. Expanded product description and database documentation. Oil production worldwide from 1998 to 2021 (in 1,000 barrels per day) Global oil refinery capacity 1970-2021 Global oil refinery capacity 1970-2021 Refinery capacity for crude oil. For both 2023 and 2024, we forecast about 0.4 million b/d more production in Russia than in last month's STEO. 3. After increasing by an average of 0.6 million b/d in 2022, we expect global oil inventories to also build by an average of 0.6 million b/d in 2023, with builds moderating to 0.4 million b/d in 2024. USD/bbl. Energy use in homes, commercial buildings, manufacturing, and transportation. Country aggregates for OECD Total, OECD Americas, OECD Asia Oceania, OECD Europe, IEA 30, EU27 (excluding the United Kingdom) and EU28 are also included. This organization seeks to actively manage oil production in its member countries by setting production targets. Leading U.S. oil and gas producers based on market cap Oct 2022, Crude oil production in the U.S. by state 2021, West Texas Intermediate annual average oil price 1976-2023, U.S. oil & gas producers' breakeven prices by oilfield 2022. Published by Statista Research Department , Jan 31, 2023 Global oil production amounted to 89.9 million barrels per day in 2021. 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