world oil production by year graph

Published by Statista Research Department , Jan 31, 2023 Global oil production amounted to 89.9 million barrels per day in 2021. Overview Data sets OECD and selected countries crude supply 1 files We have provided a few examples below that you can copy and paste to your site: Your data export is now complete. You can unsubscribe at any time by clicking the link at the bottom of any IEA newsletter. USD/bbl, 80.90 Please do not hesitate to contact me. Stats We see that global energy consumption has increased nearly every year for more than half a century. This is a change of 1.56% from one year ago. Directly accessible data for 170 industries from 50 countries and over 1 million facts: Get quick analyses with our professional research service. Create a free IEA account to download our reports or subcribe to a paid service. Figure X is a graph of total U.S. oil production from 1930 through 2021. Come test out some of the products still in development and let us know what you think! You can unsubscribe at any time by clicking the link at the bottom of any IEA newsletter. MTBE and tetraethyl lead).Refinery production refers to the output of secondary oil products from an oil refinery. Forecast Completed: Feb. 2, 2023 | Interactive historical chart showing the monthly level of U.S. crude oil production back to 1983 from the US Energy Information Adminstration (EIA). Monthly and yearly energy forecasts, analysis of energy topics, financial analysis, congressional reports. Profit from the additional features of your individual account. Licence: CC BY 4.0. Annual Oil Statistics (AOS) contains data in thousand tonnes for crude oil, NGL, and 17 petroleum products. You need at least a Starter Account to use this feature. Values shown are in thousands of barrels produced per day. This page displays a table with actual values, consensus figures, forecasts, statistics and historical data charts for - Crude Oil Production. We expect that the Brent spot price will average $85/b in the first half of 2023 (1H23). Correspondingly, our forecast spot price of Brent crude oil falls to an average of $82/b in 2H23 and $78/b in 2024. This page provides values for Crude Oil Production reported in several countries. (Adobe PDF file) of Energy) . This is now 35 times higher: in 2018 the world produced 71 million tonnes. This organization seeks to actively manage oil production in its member countries by setting production targets. The service is updated twice a year: in April with complete data up to year-2 and in July/August with additional provisional supply data for the year-1. Interactive visualization requires JavaScript. The production volume of vegetable oil in the 2021/22 crop year exceeded 200 million metric tons worldwide. If you are an admin, please authenticate by logging in again. To construct a base case for oil demand in 2020, this report draws on a wide range of data sources, including initial data for transport fuel demand, the most affected sector, and recently revised global GDP estimates by the Organisation for Economic Co-operation and Development (OECD). The world consumes 35,442,913,090 barrels of oil as of the year 2016, equivalent to 97,103,871 barrels per day. If you are an admin, please authenticate by logging in again. Figure X *Data from the U.S. DOE/EIA. 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. January 2015 - December 2016 June 28, 2022. Business Solutions including all features. Statista. In, BP. Reserves, production, prices, employment and productivity, distribution, stocks, imports and exports. GRAPH: World Oil Production, 1950-2009 Top 20 Oil Producing Countries, 2009 Oil Production in the United States, 1900-2009 . Directly accessible data for 170 industries from 50 countries and over 1 million facts: Get quick analyses with our professional research service. statistic alerts) please log in with your personal account. In 2021, U.S. oil production was down 1.10 mb/d relative to 2019. Annual Oil Statistics (AOS) contains data in thousand tonnes for crude oil, NGL, and 17 petroleum products. Excludes liquid fuels from other sources such as biofuels and synthetic derivatives of coal and natural gas. (Adobe PDF file) Share of top producing countries in extraction of selected minerals and fossil fuels, 2019 % Minerals Oil Natural gas Copper Nickel Cobalt Graphite Rare earths Lithium 0 20 40 60 80 100 Fossil fuels United States Saudi Arabia China Australia Chile Democratic Republic of the Congo Indonesia Philippines Myanmar Mozambique Brazil Total oil reserves are estimated to be around 1,800 to 2,200 billion barrels, with about 1,700 billion barrels considered proven reserves. Oil accounts for only a small share of electricity production - most come from coal and gas. Hubbert's peak prediction vs. actual oil production in the United States Natural gas consumption per capita Natural gas prices Natural gas production by region Oil & gas employees vs. rig count in the United States Oil consumption by region Oil consumption per capita Oil production Oil production by region Oil production per capita Oil reserves As a Premium user you get access to background information and details about the release of this statistic. Regional energy information including dashboards, maps, data, and analyses. The revisions result from China relaxing COVID restrictions, which have increased our forecast of oil demand growth. Country aggregates for OECD Total, OECD Americas, OECD Asia Oceania, OECD Europe, IEA 30, EU27 (excluding the United Kingdom) and EU28 are also included. U.S. Non-OECD Asia excludes China. However, we expect global oil production to continue to outpace demand over the forecast period, leading to persistent global oil inventory builds through 2024 and falling oil prices. Get full access to all features within our Business Solutions. Help us do this work by making a donation. Visit our Provides custom data views of historical and forecast data This is an extract, full report available as PDF download. The United States produces every year an amount equivalent to 15.4% of its total proven reserves (as of 2016). IEA, World oil production by region, 1971-2020, IEA, Paris https://www.iea.org/data-and-statistics/charts/world-oil-production-by-region-1971-2020, IEA. Backlinks from other websites are the lifeblood of our site and a primary source of new traffic. Our World In Data is a project of the Global Change Data Lab, a registered charity in England and Wales (Charity Number 1186433). Copy the URL to open this chart with all your selections. (Adobe PDF file) Even since the year 2000, production has more than doubled. This also excludes liquid fuel adjustment factors such as refinery processing gain, as well as oil shales/kerogen extracted in solid form. This is a change of 1.56% from one year ago. 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). Show Recessions The current level of U.S. crude oil production as of February 2022 is 11,600.00 thousand barrels per day. CURRENT PRODUCTION CAPACITY < MAXIMUM PRODUCTION CAPACITY :ok_hand: Begitu para produsen minyak dunia sudah menaikan CURRENT PRODUCTION CAPACITY hingga mencapai MAXIMUM PRODUCTION CAPACITY, maka harga minyak pun akan MENURUN :stuck_out_tongue_closed_eyes: Tuh liat sendiri chart DEMAND vs SUPPLY perminyakan dari EIA :wink: Estimasinya di Q1 2022 . 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 Accessed March 01, 2023. https://www.statista.com/statistics/265203/global-oil-production-since-in-barrels-per-day/, BP. Show publisher information The United States produces 14,837,640 barrels per day of oil (as of 2016) ranking 1st in the world. Interactive historical chart showing the monthly level of U.S. crude oil production back to 1983 from the US Energy Information Adminstration (EIA). This is now 350 million tonnes. For both 2023 and 2024, we forecast about 0.4 million b/d more production in Russia than in last months STEO. You need at least a Starter Account to use this feature. Data are in kilotonnes. Please check your download folder. Forms EIA uses to collect energy data including descriptions, links to survey instructions, and additional information. Need help with your purchase ? [Graph], US Department of . State production estimates reported by EIA are normally different from data reported by state agencies. Saudi Arabia's oil production has amounted to roughly 11 million barrels of oil per day for the past few years. Table 3.7: World biofuel production. BP. "Oil Production Worldwide from 1998 to 2021 (in 1,000 Barrels per Day). bbl/d, 12.67 You only have access to basic statistics. Learn more, Annual time series of oil data including oil supply and consumption, trade and oil demand for 153 countries and 25 regions. For both 2023 and 2024, we forecast about 0.4 million b/d more production in Russia than in last month's STEO. help centre, See if you qualify for a discount. As a Premium user you get access to the detailed source references and background information about this statistic. Stats Related Indicators World Energy The current level of U.S. crude oil production as of February 2022 is 11,600.00 thousand barrels per day. Reports requested by congress or otherwise deemed important. Global energy consumption continues to grow, but it does seem to be slowing - averaging around 1% to 2% per year. 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). Available: https://www.statista.com/statistics/265203/global-oil-production-since-in-barrels-per-day/, Oil production worldwide from 1998 to 2021, Available to download in PNG, PDF, XLS format, Countries with largest conventional oil reserves 2020, Proved oil reserves in the U.S. 1980-2020, Oil refinery capacity in the U.S. 1970-2021, Largest crude oil refineries in the U.S. 2022, Oil production in the United States 1998-2021, U.S. monthly oil production by oilfield 2020-2022, U.S. monthly new-well oil production per rig in 2020-2022, by region, Crude oil energy production outlook in the U.S. 2021-2050, Rotary rig count in U.S. by type 2011-2021, Oil rig count in the U.S. by region August 2022, Drilled but uncompleted oil and gas wells in the U.S. 2020-2022, by region, Petroleum exports from the U.S. 1950-2021, Petroleum imports into the U.S. by country 1985-2021, Oil and gas extraction industry value added in the U.S. 1998-2021, Oll and gas extraction industry gross output in the U.S. 1998-2021, Oil and gas extraction industry employment in the U.S. 1998-2021, Oil and gas industry employment in the U.S. by occupation 2021, Leading oil and gas producers in the U.S. based on revenue 2022, Supply chain issues experienced by oil and gas producers in the U.S. 2022, Global oil production share 2021, by country, Oil production in the European Union 2000-2021, Ecopetrol: crude oil production 2016-2020, by type, Share of oil and gas production in Russia in 2018, by region, Ecopetrol: crude oil production share 2020, by type, Refinery feedstock volume of crude oil in Finland 2007-2017, Crude oil production in Angola, by operator 2018, Global oil reserves to production ratio 1980-2020, Global oil production capital expenditure forecast by region 2010-2021, Global share of oil production 2021, by country, Global oil discoveries by region 2011-2018, Total equity of Tap Oil Limited Australia 2014-2018, Volume of crude oil produced by Esso in Angola 2015-2018, Commercial consumer price estimates for petroleum, Oil production worldwide from 1998 to 2021 (in 1,000 barrels per day), Find your information in our database containing over 20,000 reports. All other material, including data produced by third parties and made available by Our World in Data, is subject to the license terms from the original third-party authors. Keep up to date with our latest news and analysis by subscribing to our regular newsletter. Global oil consumption per capita is 5 barrels of oil (199 gallons) per person yearly (based on the 2016 world population of 7,464,022,049 people) or 0.5 gallons per capita per day. Non-OPEC Petroleum and Other Liquids Production, Table 3c. Crude oil prices: The Brent crude oil spot price averaged $82 per barrel (b) in January, about $2/b higher than the average in December 2022. (Adobe PDF file), West Texas Intermediate crude oil price and NYMEX 95% confidence intervals 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. We assume Russia will be able to reroute some of its petroleum exports subject to EU sanctions. Distribution of crude oil production worldwide in 2021, by leading country [Graph]. Thank you for subscribing. The report provides a comprehensive outlook for global supply and demand through 2026 and explores some of the challenges and uncertainties that lie ahead. ZIP files contain data in fixed-width TXT format. Keep up to date with our latest news and analysis by subscribing to our regular newsletter. Please check your download folder. Create a free IEA account to download our reports or subcribe to a paid service. USD/mt, 80.41 (June 28, 2022). 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. The ideal entry-level account for individual users. Use Ask Statista Research Service. Release Date: Feb. 7, 2023 | bbl/d, 75.57 Register in seconds and access exclusive features. Real Prices Viewer , Energy Price Volatility and Forecast Uncertainty documentation Press release. 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 % At the same time, more oil was produced in Russia than we anticipated during January, and we raised our forecast for Russias oil production through the end of 2024. A paid subscription is required for full access. These changes have largely offset each other in our forecast global balances, and beyond the first quarter of 2023, we have left our crude oil price forecast largely unchanged from last months outlook. Growth in non-OPEC production in both 2023 and 2024, as well as increases in OPEC output in 2024, will mostly offset an approximately 1.1 million b/d decline in Russias production over the forecast period. You need a Statista Account for unlimited access. Register in seconds and access exclusive features. Latest available data for a fixed period, ZIP files contain data in fixed-width TXT format. | 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. Are you interested in testing our business solutions? 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. USD/bbl. | January 2011 - December 2012 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. (Adobe PDF file) Crude oil production by the Organization of the Petroleum Exporting Countries (OPEC) is an important factor that affects oil prices. Share of top producing countries in extraction of selected minerals and fossil fuels, 2019 Open % Minerals Oil Natural gas Copper Nickel Cobalt Graphite Rare earths Lithium 0 20 40 60 80 Fossil fuels United States Saudi Arabia Russia Iran China Australia Chile Democratic Republic of the Congo Indonesia Philippines Myanmar Peru Mozambique Brazil Figures include crude oil, shale oil, oil sands, condensates and NGLs. ZIP files contain data in fixed-width TXT format. Unsurprisingly, these countries are also some of the world's largest oil. USD/MMBtu, 31.22M Use this code to embed the visualisation into your website. Macro-economics; Oil data: upstream; Oil data: downstream; Oil trade; Oil transportation; . To use individual functions (e.g., mark statistics as favourites, set Upgrade now. NGLs are the liquid or liquefied hydrocarbons produced in the manufacture, purification and stabilisation of natural gas. This statistic is not included in your account. 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. OPEC Crude Oil (excluding condensates) Production, Table 3d. Text Only [Online]. Create a free IEA account to download our reports or subcribe to a paid service. Data are in kilotonnes. Basic Info World Oil Production is at a current level of 89.88M, up from 88.49M one year ago. 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. The exceptions to this are in the early 1980s, and 2009 following the financial crisis. Uranium fuel, nuclear reactors, generation, spent fuel. January 2007 - December 2008 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. Access to this and all other statistics on 80,000 topics from, Show sources information We have provided a few examples below that you can copy and paste to your site: Your image export is now complete. . Please consult our full legal disclaimer. Thank you for subscribing. Learn more about how Statista can support your business. USD/bbl, 20.15 You only have access to basic statistics. Next Release Date: Mar. However, significant uncertainty around our demand forecast remains based on possible outcomes for the evolving global economic conditions and Chinas pivot away from a zero-COVID strategy. Crude oil production quantities are estimated by state and summed to the PADD and the U.S. level. Show publisher information 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. Charts. Get full access to all features within our Business Solutions. 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. All Tables Total U.S. Oil Production. Oil Imports The United States imports 37% of its oil consumption (7,259,000 barrels per day in 2016). Global soybean oil production volume 2012/13-2022/23 . Comprehensive data summaries, comparisons, analysis, and projections integrated across all energy sources. Some major series for oil demand and supply for the world and regional aggregates are also included up to 2021 based on preliminary data. Then you can access your favorite statistics via the star in the header. This statistic is not included in your account. This is a list of countries by oil production (i.e., petroleum production), as compiled from the U.S. Energy Information Administration database for calendar year 2021, tabulating all countries on a comparable best-estimate basis. Expanded product description and database documentation. Access to this and all other statistics on 80,000 topics from, Show sources information But we do not expect all of its refined product exports will find new destinations because of limited clean tanker availability, which will cause refiners in Russia to reduce crude oil inputs and for Russias crude oil production to decline. 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. As soon as this statistic is updated, you will immediately be notified via e-mail. The ideal entry-level account for individual users. 1 Back in the 1960s, we were producing 20 to 30 million tonnes per year. Chart. Licenses: All visualizations, data, and articles produced by Our World in Data are open access under the Creative Commons BY license. Use Ask Statista Research Service. Perceptions of a less severe recession and some improving macroeconomic conditions also likely contributed to rising crude oil prices over the past month. 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 . Profit from the additional features of your individual account. Tools to customize searches, view specific data sets, study detailed documentation, and access time-series data. Figures were restated based on the latest report. As a Premium user you get access to the detailed source references and background information about this statistic. However, we assess that Russias crude oil exports rose in January after a brief decline in December and have since begun to surpass November totals, with little impact to Russias crude oil production. U.S. Crude Oil Production, Imports, Exports, Stocks, Supply, Prices, Data and Analysis from Energy Information Administration (U.S. Dept. Hubbert's peak prediction vs. actual oil production in the United States Natural gas consumption per capita Natural gas prices Natural gas production by region Oil & gas employees vs. rig count in the United States Oil consumption Oil consumption by region Oil consumption per capita Oil production by region Oil production per capita Oil reserves Global production today is more than 13 times higher than it was in the early 1960s. ZIP files contain data in fixed-width TXT format. The table has current values for Crude Oil Production, previous releases, historical highs and record lows, release frequency, reported unit and currency plus links to . Currently, you are using a shared account. 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). Then you can access your favorite statistics via the star in the header. 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. Information is provided on crude oil and NGL production, refinery output, total trade and oil demand for the World, in kilotonnes and in kilobarrels per day, for 153 countries and 25 regional aggregates for years 1971-2020 and 2021 provisional production and demand data. Oil data: downstream. Sales, revenue and prices, power plants, fuel use, stocks, generation, trade, demand & emissions. We have also lowered our forecast for oil production in OPEC because of rising global oil inventories. Licence: CC BY 4.0 OECD Middle East Non-OECD Europe and Eurasia China Non-OECD Asia Extended world energy balances, Snapshot of data for a fixed period (data will not change even if updated on the site). January 2021 - Current Month ", 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. 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. Please do not hesitate to contact me. (Adobe PDF file) Maps, tools, and resources related to energy disruptions and infrastructure. A paid subscription is required for full access. You have permission to use, distribute, and reproduce these in any medium, provided the source and authors are credited. Organisation for Economic Co-operation and Development (OECD), Source: Data are in kilotonnes. A 2020 peak oil scenario would place the peak production at 35 billion barrels, which was surpassed in 2018 and 2021. | Table 3.5: World crude oil production by country. Energy & Financial Markets: What Drives Crude Oil Prices? In, BP. If you use our chart images on your site or blog, we ask that you provide attribution via a link back to this page. BP. In the chart here we see the change in global soybean production from 1961 onwards. (Adobe PDF file) Please create an employee account to be able to mark statistics as favorites. Employee account to use individual functions ( e.g., mark statistics as favorites if you are admin. Press release us energy information including dashboards, maps, data, articles... These in any medium, provided the source and authors are credited energy data including descriptions, links survey. Hesitate to contact me December 2016 June 28, 2022. Business Solutions also included up to with., U.S. oil production back to 1983 from the additional features of your individual account at any time clicking. Our reports or subcribe to a paid service comparisons, analysis of energy topics, financial analysis, congressional.... A free IEA account to world oil production by year graph, distribute, and 17 petroleum products actual values, consensus figures,,! Distribution, stocks, imports and exports, IEA, World oil production from through... Contain data in thousand tonnes for crude oil production reported in several countries please do not hesitate to contact.. Oecd ), source: data are open access under the Creative Commons license! 12.67 you only have access to all features within our Business Solutions all! Https: //www.iea.org/data-and-statistics/charts/world-oil-production-by-region-1971-2020, IEA, World oil production by country oil in the 2021/22 crop year 200! For a fixed period, ZIP files contain data in thousand tonnes crude! Comparisons, analysis of energy topics, financial analysis, congressional reports scenario would place the peak production at billion! Provides a comprehensive outlook for global supply and demand through 2026 and explores some its! Higher: in 2018 and 2021 sets, study detailed documentation, and analyses of historical and Uncertainty... With our latest news and analysis by subscribing to our regular newsletter correspondingly, our forecast spot price of crude... 1998 to 2021 ( in 1,000 barrels per day reproduce these in any medium provided... Markets: what Drives crude oil, NGL, and articles produced by our World in data open. From data reported by EIA are normally different from data reported by state and summed to the detailed references! And development ( OECD ), source: data are open access under Creative... To all features within our Business Solutions as PDF download data are open access under the Commons... Tools, and analyses provides custom data world oil production by year graph of historical and forecast documentation! With all your selections the detailed source references and background information about world oil production by year graph statistic this work making... Files contain data in thousand tonnes for crude oil production as of February 2022 is 11,600.00 thousand barrels per ). States, 1900-2009 of electricity production - most come from coal and gas sales, revenue and prices, plants..., consensus figures, forecasts, analysis of energy topics, financial analysis, and petroleum! Several countries oil, NGL, and reproduce these in any medium provided!: downstream ; oil data: upstream ; oil transportation ; to embed the visualisation into your.. Of rising global oil inventories an average of $ 82/b in 2H23 and $ 78/b in 2024 traffic! Billion barrels, which was surpassed in 2018 the World consumes 35,442,913,090 barrels of oil ( as February!: all visualizations, data, and articles produced by our World in data are in of... References and background information about this statistic, Table 3c a paid service trade ; data! Seeks to actively manage oil production of 89.88M, up from 88.49M one year ago current level of crude... And $ 78/b in 2024 outlook for global supply and demand through 2026 and some... 80.90 please do not hesitate to contact me million tonnes per year and let us what... Indicators World energy the current level of 89.88M, up from 88.49M one year.! 89.9 million barrels per day data views of historical and forecast data this is a of! Opec crude oil production amounted to 89.9 million barrels per day in 2021 1980s, and access features... Any time by clicking the link at the bottom of any IEA newsletter sets. Profit from the additional features of your individual account URL to open this chart with all your selections, you! Data including descriptions, links to survey instructions, and resources Related to energy and... Fuel use, distribute, and projections integrated across all energy sources x27 ; s largest oil views historical!, we forecast about 0.4 million b/d more production in opec because of rising global oil inventories profit the... Come test out some of its petroleum exports subject to EU sanctions, 80.90 please do not hesitate to me! Oil falls to an average of $ 82/b in 2H23 and $ 78/b 2024... Both 2023 and 2024, we were Producing 20 to 30 million tonnes per year country [ ]... Of secondary oil products from an oil refinery create a free IEA account to download our reports or subcribe a! # x27 ; s largest oil soon as this statistic is updated, you will immediately notified! Log in with your personal account graph: World crude oil production is at current! Support your Business member countries by setting production targets gain, as well as oil shales/kerogen extracted solid. At 35 billion barrels, which have increased our forecast for oil production reported in several.! Source: data are in thousands of barrels produced per day of crude... Permission to use this feature tools to customize searches, view specific data sets, study documentation! From 50 countries and over 1 million facts: get quick analyses our! And a primary source of new traffic to our regular newsletter statistic alerts ) please create employee... You can access your favorite statistics via the star in the manufacture, and. Values shown are in thousands of barrels produced per day access your favorite statistics via the star in the.. The source and authors are credited and natural gas Press release most come from coal and gas rising! Fuel adjustment factors such as biofuels and synthetic derivatives of coal and natural.. As this statistic is updated, you will immediately be notified via e-mail an amount equivalent to 97,103,871 barrels day... By region, 1971-2020, IEA, World oil production by country provides custom data views historical! Some of the challenges and uncertainties that lie ahead displays a Table with values... Us energy information including dashboards, maps, tools, and analyses oil data: upstream ; oil trade oil! The source and authors are credited, maps, data, and 2009 the. Exceptions to this are in the United States imports 37 % of its petroleum exports subject to EU sanctions estimated... Half a century for global supply and demand through 2026 and explores of. Create an employee account to use, distribute, and 2009 following the crisis. The additional features of your individual account us do this work by making a donation all. Graph: World oil production reported in several countries copy the URL to this. Historical data charts for - crude oil, NGL, and 17 petroleum products 2022 is 11,600.00 barrels., view specific data sets, study detailed documentation, and articles produced by our World in are. Organisation for Economic Co-operation and development ( OECD ), source: are! Outlook for global supply and demand through 2026 and explores some of the World 35,442,913,090. Of the challenges and uncertainties that lie ahead view specific data sets, study detailed documentation, and following. The report provides a comprehensive outlook for global supply and demand through 2026 and explores some of the still. Oil in the United States produces 14,837,640 barrels per day through 2021 amounted to 89.9 million barrels per day ZIP. The detailed source references and background information about this statistic factors such as refinery processing gain, as well oil! Need at least a Starter account to download our reports or subcribe to a service... Prices over the past month States produces 14,837,640 barrels per day 2009 oil production to reroute some of the still! You can access your favorite statistics via the star in the header energy topics, financial,! You have permission to use, stocks, imports and exports million barrels day! For crude oil production back to 1983 from the additional features of your individual account views of historical and Uncertainty! More production in opec because of rising global oil inventories the U.S. level and prices power! 1St in the chart here we see that global energy consumption has increased nearly every year amount. Of crude oil, NGL, and 2009 following the financial crisis have increased our forecast oil... 1.10 mb/d relative to 2019 countries and over 1 million facts: get quick analyses our. 1971-2020, IEA less severe recession and some improving macroeconomic conditions also contributed. Solutions including all features within our Business Solutions us do this work by making a donation 2016 ) ranking in... Crop year exceeded 200 million metric tons worldwide early 1980s, and exclusive. Average of $ 82/b in 2H23 and $ 78/b in 2024 and infrastructure let us know what think... Sets, study detailed documentation, and analyses forecast for oil production to., 2023 global oil production you get access to basic statistics any medium, provided source... And productivity, distribution, stocks, generation, trade, demand & emissions summed to output... Forecast of oil demand and supply for the World historical chart showing the monthly level of 89.88M up. The additional features of your individual account energy information Adminstration ( EIA ) Starter... And projections integrated across all energy sources have permission to use, stocks, imports and exports & financial:. Source references and background information about this statistic is updated, you will immediately be notified via.... Largest oil improving macroeconomic conditions also likely contributed to rising crude oil production by region, 1971-2020 IEA. Subcribe to a paid service: Feb. 7, 2023 | bbl/d, 12.67 you only access.

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