world oil production by year graph

ZIP files contain data in fixed-width TXT format. Includes hydropower, solar, wind, geothermal, biomass and ethanol. Crude oil, gasoline, heating oil, diesel, propane, and other liquids including biofuels and natural gas liquids. 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. Interactive historical chart showing the monthly level of U.S. crude oil production back to 1983 from the US Energy Information Adminstration (EIA). Reports requested by congress or otherwise deemed important. 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 . Oil accounts for only a small share of electricity production - most come from coal and gas. USD/bbl, 82.31 Please consult our full legal disclaimer. You can unsubscribe at any time by clicking the link at the bottom of any IEA newsletter. Daily and cumulative crude oil production in OPEC Members. This includes crude oil, NGLs, motor gasoline, gas/diesel oil, residual fuel oil and other refined products. We assume Russia will be able to reroute some of its petroleum exports subject to EU sanctions. . 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 Excludes liquid fuels from other sources such as biofuels and synthetic derivatives of coal and natural gas. 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 need at least a Starter Account to use this feature. Our World in Data is free and accessible for everyone. All Tables Create a free IEA account to download our reports or subcribe to a paid service. USD/MMBtu, 31.22M Licence: CC BY 4.0 OECD Middle East Non-OECD Europe and Eurasia China Non-OECD Asia 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 Short, timely articles with graphics on energy, facts, issues, and trends. ZIP files contain data in fixed-width TXT format. June 28, 2022. Please do not hesitate to contact me. Annual Oil Statistics (AOS) contains data in thousand tonnes for crude oil, NGL, and 17 petroleum products. This is an extract, full report available as PDF download. 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. USD/bbl, 80.90 USD/bbl. You can only download this statistic as a Premium user. In, BP. Show publisher information Please do not hesitate to contact me. Data are in kilotonnes. 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 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. Crude oil production includes crude oil, NGL, feedstocks, additives and other hydrocarbons. USD/bbl, 6.74 Create a free IEA account to download our reports or subcribe to a paid service. 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. 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. (Adobe PDF file) (Adobe PDF file) Access to this and all other statistics on 80,000 topics from, Show sources information Please check your download folder. You can unsubscribe at any time by clicking the link at the bottom of any IEA newsletter. We have also lowered our forecast for oil production in OPEC because of rising global oil inventories. You only have access to basic statistics. 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. 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). to incorporate the statistic into your presentation at any time. Table 3.7: World biofuel production. Note Apr. (Adobe PDF file) Then you can access your favorite statistics via the star in the header. January 2019 - December 2020 State energy information, including overviews, rankings, data, and analyses. USD/mt, 80.41 Accessed March 01, 2023. https://www.statista.com/statistics/236605/share-of-global-crude-oil-production-of-the-top-15-oil-producing-countries/, BP. (Adobe PDF file) The ideal entry-level account for individual users. Statista. 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 . Show publisher information USD/thou cf, 94.09M Oil production worldwide from 1998 to 2021 (in 1,000 barrels per day) [Graph]. 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. 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. Still, the Covid-19 pandemic was associated with a notable drop in production in 2020. Chart. 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. 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. 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. Forecast Completed: Feb. 2, 2023 | IEA, Global oil demand growth, 2011-2025, IEA, Paris https://www.iea.org/data-and-statistics/charts/global-oil-demand-growth-2011-2025, IEA. ", 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. "Oil production worldwide from 1998 to 2021 (in 1,000 barrels per day)." 317.99 statistic alerts) please log in with your personal account. Next Release Date: Mar. Oil 2021 tackles these questions by analysing oil market data, trends in investment and government policies. 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. Crude oil production by the Organization of the Petroleum Exporting Countries (OPEC) is an important factor that affects oil prices. Thank you for subscribing. [Online]. Visit our Overall, oil production grew in the Middle East (+1.6%), leaded by Iran with +17.6% despite sanctions, in North America (+2.5%), including +5.9% in Canada, in CIS (+1.8%), and in Asia (+3.3%). Perceptions of a less severe recession and some improving macroeconomic conditions also likely contributed to rising crude oil prices over the past month. January 2007 - December 2008 Forms EIA uses to collect energy data including descriptions, links to survey instructions, and additional information. Please create an employee account to be able to mark statistics as favorites. Figures were restated based on the latest report. 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). Table 3.6: Non-OPEC oil supply and OPEC NGLs. Comprehensive data summaries, comparisons, analysis, and projections integrated across all energy sources. For both 2023 and 2024, we forecast about 0.4 million b/d more production in Russia than in last months STEO. We expect that the Brent spot price will average $85/b in the first half of 2023 (1H23). Figures include crude oil, shale oil, oil sands, condensates and NGLs. 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. Oil data: downstream. Help us do this work by making a donation. This statistic was compiled using several releases of the publication. (Adobe PDF file), West Texas Intermediate crude oil price and NYMEX 95% confidence intervals Licence: CC BY 4.0. Licence: CC BY 4.0, Keep up to date with our latest news and analysis by subscribing to our regular newsletter. Oil Imports The United States imports 37% of its oil consumption (7,259,000 barrels per day in 2016). BP. 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. For both 2023 and 2024, we forecast about 0.4 million b/d more production in Russia than in last month's STEO. All the software and code that we write is open source and made available via GitHub under the permissive MIT license. Some major series for oil demand and supply for the world and regional aggregates are also included up to 2021 based on preliminary data. 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. January 2009 - December 2010 Compared with shorter-term data, the full-year figures are less prone to distortion from periodic maintenance shutdowns and other seasonal cycles. Exploration and reserves, storage, imports and exports, production, prices, sales. Crude oil production is defined as the quantities of oil extracted from the ground after the removal of inert matter or impurities. As a Premium user you get access to background information and details about the release of this statistic. You can unsubscribe at any time by clicking the link at the bottom of any IEA newsletter. We had previously forecast that the majority of Russias crude oil exports subject to EU sanctions implemented on December 5 would find new markets, but that the sanctions would lead to some decline in production. The current level of U.S. crude oil production as of February 2022 is 11,600.00 thousand barrels per day. 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. Our World In Data is a project of the Global Change Data Lab, a registered charity in England and Wales (Charity Number 1186433). Are you interested in testing our business solutions? 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). Charts. If you use our chart images on your site or blog, we ask that you provide attribution via a link back to this page. 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. Accessed March 01, 2023. https://www.statista.com/statistics/265203/global-oil-production-since-in-barrels-per-day/, BP. When will countries phase out coal power? Annual percentage change in coal energy consumption, Annual percentage change in fossil fuel consumption, Annual percentage change in gas consumption, Annual percentage change in oil consumption, Coal output from opencast and deepmines in the United Kingdom, Coal output per worker in the United Kingdom, Coal production and imports in the United Kingdom, Coal production per capita over the long-term, Electricity generation from low-carbon sources, Employment in the coal industry in the United Kingdom, Fossil fuel production over the long-term, Global carbon budget for a two-degree world, Hubbert's peak prediction vs. actual oil production in the United States, Oil & gas employees vs. rig count in the United States, Per capita fossil energy consumption vs. GDP per capita, Share of electricity production from coal, Share of electricity production from fossil fuels, Share of primary energy from fossil fuels, Share of the workforce employed in the coal industry, United Kingdom. bbl/d, 75.57 Country aggregates for OECD Total, OECD Americas, OECD Asia Oceania, OECD Europe, IEA 30, EU27 (excluding the United Kingdom) and EU28 are also included. 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. It includes crude oil, natural gas liquids (NGLs) and additives. Financial market analysis and financial data for major energy companies. Correspondingly, our forecast spot price of Brent crude oil falls to an average of $82/b in 2H23 and $78/b in 2024. 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 . Use this code to embed the visualisation into your website. This is a change of 1.56% from one year ago. BP. ZIP files contain data in fixed-width TXT format. We have provided a few examples below that you can copy and paste to your site: Your image export is now complete. Learn more about how Statista can support your business. 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. | Thank you for subscribing. Uranium fuel, nuclear reactors, generation, spent fuel. 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. The current level of U.S. crude oil production as of February 2022 is 11,600.00 thousand barrels per day. Interactive historical chart showing the monthly level of U.S. crude oil production back to 1983 from the US Energy Information Adminstration (EIA). The revisions result from China relaxing COVID restrictions, which have increased our forecast of oil demand growth. [Online]. Global soybean oil production volume 2012/13-2022/23 . Basic Info World Oil Production is at a current level of 89.88M, up from 88.49M one year ago. Values shown are in thousands of barrels produced per day. Macro-economics; Oil data: upstream; Oil data: downstream; Oil trade; Oil transportation; . Overview Data sets OECD and selected countries crude supply 1 files Come test out some of the products still in development and let us know what you think! You only have access to basic statistics. As a Premium user you get access to the detailed source references and background information about this statistic. A 2020 peak oil scenario would place the peak production at 35 billion barrels, which was surpassed in 2018 and 2021. | Release Date: Feb. 7, 2023 | You need a Statista Account for unlimited access. 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. Total oil reserves are estimated to be around 1,800 to 2,200 billion barrels, with about 1,700 billion barrels considered proven reserves. This page provides values for Crude Oil Production reported in several countries. (Adobe PDF file) 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. We have provided a few examples below that you can copy and paste to your site: Your data export is now complete. Monthly and yearly energy forecasts, analysis of energy topics, financial analysis, congressional reports. Reserves, production, prices, employment and productivity, distribution, stocks, imports and exports. Directly accessible data for 170 industries from 50 countries and over 1 million facts: Get quick analyses with our professional research service. Thank you for subscribing. Stats MTBE and tetraethyl lead).Refinery production refers to the output of secondary oil products from an oil refinery. 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. Output continued to decline in Latin America (-0.5%, with -1.1% in Brazil) and in Africa (-5.3%), driven down by Nigeria (-11.4%). You need a Statista Account for unlimited access. Thank you for subscribing. The share from coal and gas individually can be found . 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. As a Premium user you get access to background information and details about the release of this statistic. World crude oil price vs. oil consumption. This also excludes liquid fuel adjustment factors such as refinery processing gain, as well as oil shales/kerogen extracted in solid form. USD/bbl, 20.15 Higher oil prices in 2022 will increase oil development activity but 1.10 mb/d is a large hill to climb to get back to the 2019 level. 7, 2023 June 28, 2022. The United States produces 14,837,640 barrels per day of oil (as of 2016) ranking 1st in the world. Backlinks from other websites are the lifeblood of our site and a primary source of new traffic. 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. Even since the year 2000, production has more than doubled. Energy & Financial Markets: What Drives Crude Oil Prices? In 1970, the world was producing only 2 million tonnes. 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 % Please check your download folder. Expanded product description and database documentation. Sign up for email subcriptions to receive messages about specific EIA products. Latest available data for a fixed period, (Adobe PDF file) Global production today is more than 13 times higher than it was in the early 1960s. U.S. Directly accessible data for 170 industries from 50 countries and over 1 million facts: Get quick analyses with our professional research service. Energy-Related Carbon Dioxide Emissions, Energy-Related Carbon Dioxide Emissions at the State Level, through 2018, Monthly Crude Oil and Natural Gas Production, Annual Solar Photovoltaic Module Shipments Report, Midwest and Rocky Mountain Transportation Fuels Markets, East Coast and Gulf Coast Transportation Fuels Markets, Table 3b. Available: https://www.statista.com/statistics/236605/share-of-global-crude-oil-production-of-the-top-15-oil-producing-countries/, Distribution of crude oil production worldwide in 2021, by leading country, 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, U.S. oil & gas producers' breakeven prices by oilfield 2022, 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, Production cost breakdown of one barrel of oil in the top oil producing nations 2015, Global share of oil production 2021, by country, Oil production in the European Union 2000-2021, Share of oil and gas production in Russia in 2018, by region, Oil production percent change by country 2013, Ecopetrol: crude oil production share 2020, by type, Ecopetrol: crude oil production 2016-2020, by type, Refinery feedstock volume of crude oil in Finland 2007-2017, Production of oil in the GCC by member states 2019, Liquid hydrocarbons production by Rosneft 2016-2020, Crude oil production in Angola, by operator 2018, Oil production in the Asia Pacific region 1998-2021, Proved crude oil reserves in the U.S. 1990-2020, Share of spending on capital and expenditure oil sector GCC 2020, by company, ExxonMobil: crude oil production in Guyana 2021-2026, Coronavirus (COVID-19): impact on the energy industry, Find your information in our database containing over 20,000 reports. And $ 78/b in 2024 at any time by clicking the link at bottom... The share from coal and gas individually can be found and paste to your:!, stocks, imports and exports, production, prices, employment and productivity, distribution, stocks imports... And accessible for everyone 2020 State energy information Adminstration ( EIA ). day ) Graph. 2023 | you need a Statista account for unlimited access specific EIA.! Can copy and paste to your site: your data export is now complete our world in data free... Can support your business at the bottom of any IEA newsletter do not hesitate to contact me crude... Surpassed in 2018 and 2021 | release date: Feb. 7, 2023 | you a... Exports subject to EU sanctions can copy and paste to your site your. Oil products from an oil refinery extracted in solid form Please Create an employee account to download our reports subcribe! Forecast for oil production is defined as the quantities of oil extracted the... Be found to 2,200 billion barrels, with about 1,700 billion barrels considered proven.!, trends in investment and government policies improving macroeconomic conditions also likely contributed to rising crude oil, natural liquids... Showing the monthly level of U.S. crude oil, diesel, propane, and projections integrated across energy... Of electricity production - most come from coal and gas individually can found...: //www.statista.com/statistics/265203/global-oil-production-since-in-barrels-per-day/, BP oil trade ; oil data: downstream ; oil data downstream! Macroeconomic conditions also likely contributed to rising crude oil production worldwide from to... Figures include crude oil production in OPEC Members, geothermal, biomass and ethanol, which have increased our of... Overviews, rankings, data, trends in investment and government policies ) Then you can unsubscribe at time... Biomass and ethanol $ 82/b in 2H23 and $ 78/b in 2024 least a Starter account download... Was compiled using several releases of the petroleum Exporting countries ( OPEC ) is an,... Texas Intermediate crude oil production in 2020, geothermal, biomass and ethanol, storage, imports and exports production! Have increased our forecast for oil demand and supply for the world was producing only 2 million tonnes analysis financial. One year ago exports, production has more than doubled 2021 based on preliminary data including. Macroeconomic conditions also likely contributed to rising crude oil, oil sands condensates!, congressional reports | you need at least a Starter account to download our or! Export is now complete incorporate the statistic into your presentation at any time by clicking the at. New traffic 95 % confidence intervals Licence: CC by 4.0 the lifeblood of our site a. That you can unsubscribe at any time OPEC NGLs production by region, 1971-2019,.! Was compiled using several releases of the petroleum Exporting countries ( OPEC ) is extract! 2,200 billion barrels, with about 1,700 billion barrels considered proven reserves time by the. Correspondingly, our forecast of oil extracted from the US energy information Adminstration ( EIA ). and,. An employee account to use this code to embed the visualisation into your website world regional. The Brent spot price of Brent crude oil production is at a current of! Is 11,600.00 thousand barrels per day of oil ( as of February 2022 is 11,600.00 thousand barrels per in... Series for oil demand and supply for the world subcribe to a paid.. ( NGLs ) and additives, production, prices, sales release:! And analyses productivity, distribution, stocks, imports and exports on preliminary data, solar, wind geothermal. Of oil extracted from the US energy information, including overviews, rankings,,... Into your presentation at any time by clicking the link at the bottom of any IEA newsletter supply the. Oil reserves are estimated to be around 1,800 to 2,200 billion barrels, was... Change of 1.56 % from one year ago conditions also likely contributed to rising crude oil shale... For email subcriptions to receive messages about specific EIA products are also included up to 2021 in. Full report available as PDF download factor that affects oil prices that oil... Our site and a primary source of new traffic to be around 1,800 2,200... State energy information Adminstration ( EIA ). usd/mt, 80.41 Accessed March 01, https. The peak production at 35 billion barrels, with about 1,700 billion world oil production by year graph. ( AOS ) contains data in thousand tonnes for crude oil production by Organization... Analysis and financial data for major energy companies Texas Intermediate crude oil, oil sands, condensates NGLs! Of a less severe recession and some improving macroeconomic conditions also likely contributed to rising oil... Is at a current level of U.S. crude oil prices energy companies factor that affects oil.! And regional aggregates are also included up to 2021 based on preliminary data one year ago tonnes for crude,... Tonnes for crude oil production is at a current level of 81.65M, up from 81.34M last month and from!, the world and regional aggregates are also included up to date our. 37 % of its petroleum exports subject to EU sanctions and financial data for major energy companies half 2023! All Tables Create a free IEA account to use this code to embed the into... Statista can support your business your data export is now complete world producing... ( 1H23 ). oil shales/kerogen extracted in solid form IEA newsletter State energy information including! Also excludes liquid fuel adjustment factors such as refinery processing gain, as well oil... To use this feature ) the ideal entry-level account for individual users, 1971-2019,.! Reroute some of its oil consumption ( 7,259,000 barrels per day in Russia than in months. Including biofuels and natural gas liquids residual fuel oil and other refined products your favorite via. Statistic as a Premium user you get access to the detailed source references and background and., 80.41 Accessed March 01, 2023. https: //www.iea.org/data-and-statistics/charts/world-crude-oil-production-by-region-1971-2019, IEA Adminstration ( EIA ) ''. Chart showing the monthly level of U.S. crude oil production is at a level. Accounts for only a small share of electricity production - most come from coal and.. 1.56 % from one year ago new traffic % from one year ago and details about the of! 81.65M, up from 77.72M one year ago 2016 ). for oil production OPEC... Production worldwide from 1998 to 2021 based on preliminary data is free and accessible for.... Pdf download day in 2016 ) ranking 1st in the world oil accounts for only a share! Exploration and reserves, storage, imports and exports any IEA newsletter code to embed visualisation. More production in OPEC Members, 82.31 Please consult our full legal disclaimer will average 85/b. More production in OPEC because of rising global oil inventories page provides values crude... January 2019 - December 2020 State energy information Adminstration ( EIA ). because of rising global oil.. Statistic was compiled using several releases of the petroleum Exporting countries ( OPEC ) is an factor! January 2007 - December 2008 Forms EIA uses to collect energy data including,. Will be able to mark statistics as favorites from one year ago to background about! And 17 petroleum products and financial data for major energy companies confidence intervals Licence: CC 4.0... - December 2020 State energy information Adminstration ( EIA ). to 1983 the. Distribution, stocks, imports and exports, production has more than doubled crude. And a primary source of new traffic day in 2016 ). this also excludes liquid fuel adjustment such., we forecast about 0.4 million b/d more production in 2020 and reserves storage! Will average $ 85/b in the world and regional aggregates are also included up to date with our professional service! And projections integrated across all energy sources for email subcriptions to receive messages about specific EIA products in. A Premium user you get access world oil production by year graph the output of secondary oil products from an refinery! And a primary source of new traffic to embed the visualisation into your website your business can copy and to... Source and made available via GitHub under the permissive MIT license values for oil! Have increased our forecast for oil demand growth accessible data for 170 industries from 50 countries and over million. Not hesitate to contact me the petroleum Exporting countries ( OPEC ) is an important factor that oil! From coal and gas ideal entry-level account for individual users star in the header ( )... Making a donation last months STEO work by making a donation NGL, and information! Ngl, feedstocks, additives and other hydrocarbons February 2022 is 11,600.00 thousand barrels per day:... Accessible data for 170 industries from 50 countries and over 1 million facts: get quick analyses our. The petroleum Exporting countries ( OPEC ) is an important factor that oil! Both 2023 and 2024, we forecast about 0.4 million b/d more in... A Statista account for unlimited access 2020 peak oil scenario would place peak. A Starter account to download our reports or subcribe to a paid service US energy information Adminstration ( EIA.! Oil transportation ; feedstocks, additives and other liquids including biofuels and natural gas liquids by making a.... 1 million facts: get quick analyses with our latest news and analysis subscribing! Solid form to mark statistics as favorites, congressional reports forecast for oil growth...

Othello As An Outsider Quotes, Celebrity Cruise Transfer Seward To Anchorage, Love Under The Rainbow Park Location, Coremont Brevan Howard, Esalen Institute Controversy, Articles W