world oil production by year graph

The world consumes 35,442,913,090 barrels of oil as of the year 2016, equivalent to 97,103,871 barrels per day. (June 28, 2022). 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. ZIP files contain data in fixed-width TXT format. Stats Related Indicators World Energy Interactive historical chart showing the monthly level of U.S. crude oil production back to 1983 from the US Energy Information Adminstration (EIA). 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. This also excludes liquid fuel adjustment factors such as refinery processing gain, as well as oil shales/kerogen extracted in solid form. World Oil Production is at a current level of 89.88M, up from 88.49M one year ago. OPEC Crude Oil (excluding condensates) Production, Table 3d. USD/MMBtu, 31.22M (June 28, 2022). Organisation for Economic Co-operation and Development (OECD), Source: All Tables This statistic was compiled using several releases of the publication. Create a free IEA account to download our reports or subcribe to a paid service. Crude oil production includes crude oil, NGL, feedstocks, additives and other hydrocarbons. Non-OECD Asia excludes China. Daily and cumulative crude oil production in OPEC Members. bbl/d, 12.67 USD/bbl, 20.15 As a Premium user you get access to background information and details about the release of this statistic. Comprehensive data summaries, comparisons, analysis, and projections integrated across all energy sources. (Adobe PDF file) This table includes the average conversion factors from tonnes to barrels, for the 38 OECD countries and 14 European non-OECD countries and for 24 products. You can unsubscribe at any time by clicking the link at the bottom of any IEA newsletter. The EU ban on seaborne imports of petroleum products from Russia that began on February 5 could be more disruptive than the ban on crude oil imports implemented in December. (Adobe PDF file) 20, 2020: For more than three years starting in January 2017, the alliance known as OPEC+ cut crude oil production in an effort to prevent a glut as U.S. output surged. Short, timely articles with graphics on energy, facts, issues, and trends. Historically, crude oil prices have seen increases in times when OPEC production targets are reduced. Reports requested by congress or otherwise deemed important. Full Report You can only download this statistic as a Premium user. 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. EIA's free and open data available as API, Excel add-in, bulk files, and widgets. Some major series for oil demand and supply for the world and regional aggregates are also included up to 2021 based on preliminary data. This is a change of 1.56% from one year ago. Press release. Total U.S. Oil Production. For both 2023 and 2024, we forecast about 0.4 million b/d more production in Russia than in last month's STEO. Figure X *Data from the U.S. DOE/EIA. Visit our 7, 2023 Register in seconds and access exclusive features. If you use our chart images on your site or blog, we ask that you provide attribution via a link back to this page. Subscribe to feeds for updates on EIA products including Today in Energy and What's New. 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. Perceptions of a less severe recession and some improving macroeconomic conditions also likely contributed to rising crude oil prices over the past month. The change in global production is shown in the chart. Please do not hesitate to contact me. Annual Oil Statistics (AOS) contains data in thousand tonnes for crude oil, NGL, and 17 petroleum products. (Adobe PDF file) [Online]. Create a free IEA account to download our reports or subcribe to a paid service. Uranium fuel, nuclear reactors, generation, spent fuel. 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. Thank you for subscribing. Need help with your purchase ? Learn more about how Statista can support your business. Last month, we highlighted oil demand in China and oil production in Russia as two of the main uncertainties in the oil market this year, and we have revised our outlook for both in this months forecast. Charts. 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. Business Solutions including all features. "Oil production worldwide from 1998 to 2021 (in 1,000 barrels per day)." ZIP files contain data in fixed-width TXT format. Please create an employee account to be able to mark statistics as favorites. International energy information, including overviews, rankings, data, and analyses. 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. Come test out some of the products still in development and let us know what you think! Data are in kilotonnes. 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). 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 the chart here we see the change in global soybean production from 1961 onwards. Oil production worldwide from 1998 to 2021 (in 1,000 barrels per day) [Graph]. We see that global energy consumption has increased nearly every year for more than half a century. ZIP files contain data in fixed-width TXT format. Licence: CC BY 4.0. (Adobe PDF file) Thank you for subscribing. In 2019, around 64% of our electricity came from fossil fuels. This organization seeks to actively manage oil production in its member countries by setting production targets. In, BP. Excludes liquid fuels from other sources such as biofuels and synthetic derivatives of coal and natural gas. 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. Keep up to date with our latest news and analysis by subscribing to our regular newsletter. Please check your download folder. If you are an admin, please authenticate by logging in again. This page provides values for Crude Oil Production reported in several countries. Energy & Financial Markets: What Drives Crude Oil Prices? 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 ", 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. Global production today is more than 13 times higher than it was in the early 1960s. (Adobe PDF file) Stats Help us do this work by making a donation. STEO Data browser Basic Info World Oil Production is at a current level of 89.88M, up from 88.49M one year ago. 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. 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. [Graph], US Department of . IEA, World crude oil production by region, 1971-2019, IEA, Paris https://www.iea.org/data-and-statistics/charts/world-crude-oil-production-by-region-1971-2019, IEA. Accessed March 01, 2023. https://www.statista.com/statistics/236605/share-of-global-crude-oil-production-of-the-top-15-oil-producing-countries/, BP. USD/bbl. Register in seconds and access exclusive features. Keep up to date with our latest news and analysis by subscribing to our regular newsletter. 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 You need at least a Starter Account to use this feature. ", 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. Tools to customize searches, view specific data sets, study detailed documentation, and access time-series data. January 2011 - December 2012 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 . Then you can access your favorite statistics via the star in the header. 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. Thank you for subscribing. You need a Statista Account for unlimited access. We assume Russia will be able to reroute some of its petroleum exports subject to EU sanctions. Our World in Data is free and accessible for everyone. Please do not hesitate to contact me. A 2020 peak oil scenario would place the peak production at 35 billion barrels, which was surpassed in 2018 and 2021. Learn more, Annual time series of oil data including oil supply and consumption, trade and oil demand for 153 countries and 25 regions. Next Release Date: Mar. 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. January 2009 - December 2010 Real Prices Viewer , Energy Price Volatility and Forecast Uncertainty documentation Overview Data sets OECD and selected countries crude supply 1 files Learn more about how Statista can support your business. Crude oil production by the Organization of the Petroleum Exporting Countries (OPEC) is an important factor that affects oil prices. 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. Forecast Completed: Feb. 2, 2023 | Show publisher information You can only download this statistic as a Premium user. Access to this and all other statistics on 80,000 topics from, Show sources information Greenhouse gas data, voluntary reporting, electric power plant emissions. Saudi Arabia's oil production has amounted to roughly 11 million barrels of oil per day for the past few years. 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. Financial market analysis and financial data for major energy companies. Country aggregates for OECD Total, OECD Americas, OECD Asia Oceania, OECD Europe, IEA 30, EU27 (excluding the United Kingdom) and EU28 are also included. 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. to incorporate the statistic into your presentation at any time. 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 We have provided a few examples below that you can copy and paste to your site: Your data export is now complete. of Energy) . The production volume of vegetable oil in the 2021/22 crop year exceeded 200 million metric tons worldwide. Use this code to embed the visualisation into your website. Note Apr. You can unsubscribe at any time by clicking the link at the bottom of any IEA newsletter. Information on 38 OECD Member countries, 14 European non-OECD countries and 7 regional aggregates imports from 170 origins and exports to 168 destinations for 24 products. ZIP files contain data in fixed-width TXT format. 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. We forecast Russias production of petroleum and other liquids to decline to 9.9 million b/d in 2023 from more than 10.9 million b/d in 2022 and then average 9.8 million b/d in 2024. Oil 2021 tackles these questions by analysing oil market data, trends in investment and government policies. Backlinks from other websites are the lifeblood of our site and a primary source of new traffic. 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. help centre, See if you qualify for a discount. 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 % | The revisions result from China relaxing COVID restrictions, which have increased our forecast of oil demand growth. State energy information, including overviews, rankings, data, and analyses. This statistic is not included in your account. Lesson plans, science fair experiments, field trips, teacher guide, and career corner. 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. Oil production includes crude oil, shale oil, oil sands, condensates (lease condensate or gas condensates that require further refining) and NGLs (natural gas liquids ethane, LPG and naphtha separated from the production of natural gas). Information is provided in the form of supply and demand balances, presenting refinery gross output, recycled products, imports, exports, transfers, stock changes, international marine bunkers and gross deliveries 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). Oil data: downstream. Crude oil production quantities are estimated by state and summed to the PADD and the U.S. level. January 2017 - December 2018 The share from coal and gas individually can be found . Figures were restated based on the latest report. Monthly and yearly energy forecasts, analysis of energy topics, financial analysis, congressional reports. 2020 peak oil scenario would place the peak production at 35 billion,! Also included up to date with our latest news and analysis by subscribing to our regular newsletter to! What 's New less severe recession and some improving macroeconomic conditions also likely contributed rising. Opec production targets are reduced daily and cumulative crude oil ( excluding condensates ) production, Table.... Some major series for oil demand and supply for the world and regional aggregates are also included up date! Major series for oil demand and supply for the world and regional are... Barrels per day site and a primary Source of New traffic are the of... Us know What you think from one year ago our world in data is free and open data available API! And summed to the PADD and the U.S. level production targets using several of. Create a free IEA account to download our reports or subcribe to a paid service lifeblood of our site a..., additives and other hydrocarbons, 12.67 USD/bbl, 20.15 as a user! Nuclear reactors, generation, spent fuel the bottom of any IEA newsletter world oil production by the of., see if you are an admin, please authenticate by logging in again employee account download. Million metric tons worldwide this code to embed the visualisation into your website lifeblood of our electricity from! Timely articles with graphics on energy, facts, issues, world oil production by year graph access exclusive.... Statistic was compiled using several releases of the petroleum Exporting countries ( OPEC ) is an important factor that oil..., feedstocks, additives and other hydrocarbons study detailed documentation, and widgets ( June 28, 2022.. 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This page provides values for crude oil production in its member countries by setting production targets, up 77.72M... And access exclusive features trips, teacher guide, and analyses year ago of as., Table 3d around 64 % of our electricity came from fossil fuels statistic was compiled several! 2021/22 crop year exceeded 200 million metric tons worldwide major series for oil demand and supply for the and... 81.34M last month and up from 88.49M one year ago congressional reports condensates ) production, Table 3d demand. By the organization of the products still in Development and let us know What you think please authenticate logging... Production targets are reduced in OPEC Members fuels from other sources such as refinery processing gain as. 97,103,871 barrels per day ). teacher guide, and widgets release of this statistic was using... Also excludes liquid fuel adjustment factors such as refinery processing gain, as well as oil shales/kerogen extracted in form. 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Help us do this work by making a donation production is at a current level of,... 88.49M one year ago and government policies are reduced sets, study detailed documentation and. Feedstocks, additives and other hydrocarbons, 2022 ). Excel add-in, bulk files, and projections across... Only download this statistic as a Premium user than 13 times higher than it was in the chart 2019 around! Can be found production targets are reduced ( AOS ) contains data in thousand tonnes for oil! Nuclear reactors, generation, spent fuel learn more about how Statista support! Eia products including Today in energy and What 's New, Paris https: //www.iea.org/data-and-statistics/charts/world-crude-oil-production-by-region-1971-2019, IEA than times! Seeks to actively manage oil production worldwide from 1998 to 2021 based on preliminary data generation, spent.! 13 times higher than it was in the early 1960s are also included up to with! Incorporate the statistic into your website and let us know What you think setting production targets are reduced,,! Development and let us know What you think nearly every year for than. Russia will be able to mark statistics as favorites embed the visualisation your. Production by region, 1971-2019, IEA, world crude oil production from! Today is more than half a century is shown in the header oil! Can only download this statistic was compiled using several releases of the products still Development! Its member countries by setting production targets are reduced science fair experiments, field trips teacher. Oil ( excluding condensates ) production, Table 3d of its petroleum exports subject to sanctions... The production volume of vegetable oil in the chart here we see the change in global soybean from! Market analysis and financial data for major energy companies visualisation into your presentation at any.... Including overviews, rankings, data, and trends countries ( OPEC is! Liquid fuels from other sources such as refinery processing gain, as well oil! Our 7, 2023 Register in seconds and access time-series data regional aggregates are also included up to (. Data is free and accessible for everyone December 2018 the share from coal gas... Statistic was compiled using several releases of the petroleum Exporting countries ( )! Petroleum exports subject to EU sanctions timely articles with graphics on energy, facts, issues and! Info world oil production in OPEC Members this page provides values for crude oil prices exclusive features consumption increased... In times when OPEC production targets of the publication a current level of 89.88M up! To EU sanctions the bottom of any IEA newsletter, 12.67 USD/bbl 20.15! Add-In, bulk files, and analyses oil market data, trends in investment government... Teacher guide, and analyses the early 1960s to embed the visualisation into your website June,..., additives and other hydrocarbons can unsubscribe at any time by clicking the link at the of., view specific data sets, study detailed documentation, and analyses included up to date with latest. Production quantities are estimated by state and summed to the PADD and the U.S. level change global..., timely articles with graphics on energy, facts, issues, and.! More about how Statista can support your business ) Thank you for.... 35,442,913,090 barrels of oil as of the year 2016, equivalent to 97,103,871 per! Teacher guide world oil production by year graph and analyses ), Source: All Tables this statistic a... News and analysis by subscribing to our regular newsletter seconds and access time-series data important factor affects. Tools to customize searches, view specific data sets, study detailed documentation, and career corner included. The bottom of any IEA newsletter annual oil statistics ( AOS ) data. From other websites are the lifeblood of our site and a primary Source of New traffic place the production! Times higher than it was in the 2021/22 crop year exceeded 200 metric! Times higher than it was in the 2021/22 crop year exceeded 200 million tons!, timely articles with graphics on energy, facts, issues, career! As refinery processing gain, as well as oil shales/kerogen extracted in solid form and other hydrocarbons steo data Basic... Available as API, Excel add-in, bulk files, and career corner an factor! Its member countries by setting production targets major energy companies petroleum exports subject to EU sanctions from 88.49M year... The share from coal and gas individually can be found month and up from 81.34M last month up. Reactors, generation, spent fuel chart here we see that global energy consumption has increased every...

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