world oil production by year graph

Register in seconds and access exclusive features. Use Ask Statista Research Service. The ideal entry-level account for individual users. [Online]. January 2013 - December 2014 Then you can access your favorite statistics via the star in the header. Licence: CC BY 4.0 OECD Middle East Non-OECD Europe and Eurasia China Non-OECD Asia Access to this and all other statistics on 80,000 topics from, Show sources information statistic alerts) please log in with your personal account. USD/bbl, 82.31 Create a free IEA account to download our reports or subcribe to a paid service. Currently, you are using a shared account. As a Premium user you get access to background information and details about the release of this statistic. Licence: CC BY 4.0. 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. This page displays a table with actual values, consensus figures, forecasts, statistics and historical data charts for - Crude Oil Production. Upgrade now. 3. Oil Imports The United States imports 37% of its oil consumption (7,259,000 barrels per day in 2016). Chart. The current level of U.S. crude oil production as of February 2022 is 11,600.00 thousand barrels per day. 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. Interactive visualization requires JavaScript. Excludes liquid fuels from other sources such as biofuels and synthetic derivatives of coal and natural gas. Total U.S. Oil Production. January 2015 - December 2016 Non-OECD Asia excludes China. help centre, See if you qualify for a discount. 7, 2023 This interactive map shows the share of electricity that comes from fossil fuels (coal, oil and gas summed together) across the world. Crude oil production includes crude oil, NGL, feedstocks, additives and other hydrocarbons. June 28, 2022. World Petroleum and Other Liquids Consumption, West Texas Intermediate (WTI) crude oil price, World liquid fuels production and consumption balance, World liquid fuels production and consumption, World crude oil and liquid fuels production, OPEC surplus crude oil production capacity, OECD commercial inventories of crude oil and other liquids (days of supply), Estimated unplanned crude oil production outages among OPEC and non-OPEC producers. 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 . You only have access to basic statistics. Get full access to all features within our Business Solutions. Reserves, production, prices, employment and productivity, distribution, stocks, imports and exports. 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 January 2011 - December 2012 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. This is now 350 million tonnes. Perceptions of a less severe recession and some improving macroeconomic conditions also likely contributed to rising crude oil prices over the past month. International energy information, including overviews, rankings, data, and analyses. 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. We see that global energy consumption has increased nearly every year for more than half a century. OECD and selected countries product supply and consumption, OECD and selected countries conversion factors, 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. Compared with shorter-term data, the full-year figures are less prone to distortion from periodic maintenance shutdowns and other seasonal cycles. Figure X *Data from the U.S. DOE/EIA. Please consult our full legal disclaimer. 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. 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. Thank you for subscribing. For both 2023 and 2024, we forecast about 0.4 million b/d more production in Russia than in last months STEO. Reports requested by congress or otherwise deemed important. Thank you for subscribing. World Oil Production Level Chart View Full Chart No data available Historical Data View and export this data back to 1965. Interactive historical chart showing the monthly level of U.S. crude oil production back to 1983 from the US Energy Information Adminstration (EIA). 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. Please do not hesitate to contact me. As a Premium user you get access to the detailed source references and background information about this statistic. [Online]. Some major series for oil demand and supply for the world and regional aggregates are also included up to 2021 based on preliminary data. 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 energy consumption continues to grow, but it does seem to be slowing - averaging around 1% to 2% per year. Help us do this work by making a donation. (Adobe PDF file) This is an extract, full report available as PDF download. June 28, 2022. Sales, revenue and prices, power plants, fuel use, stocks, generation, trade, demand & emissions. Total oil reserves are estimated to be around 1,800 to 2,200 billion barrels, with about 1,700 billion barrels considered proven reserves. In 1970, the world was producing only 2 million tonnes. Data are in kilotonnes. You need at least a Starter Account to use this feature. 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%). Includes hydropower, solar, wind, geothermal, biomass and ethanol. As soon as this statistic is updated, you will immediately be notified via e-mail. U.S. Crude Oil Production, Imports, Exports, Stocks, Supply, Prices, Data and Analysis from Energy Information Administration (U.S. Dept. Next Release Date: Mar. Show publisher information You have permission to use, distribute, and reproduce these in any medium, provided the source and authors are credited. 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. 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. Subscribe to feeds for updates on EIA products including Today in Energy and What's New. to incorporate the statistic into your presentation at any time. This statistic is not included in your account. Come test out some of the products still in development and let us know what you think! Need help with your purchase ? . The exceptions to this are in the early 1980s, and 2009 following the financial crisis. (Adobe PDF file) Maps, tools, and resources related to energy disruptions and infrastructure. 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). The level of oil production reached an all-time high in. Use this code to embed the visualisation into your website. Thank you for subscribing. For both 2023 and 2024, we forecast about 0.4 million b/d more production in Russia than in last month's STEO. Financial market analysis and financial data for major energy companies. Macro-economics; Oil data: upstream; Oil data: downstream; Oil trade; Oil transportation; . If you are an admin, please authenticate by logging in again. Use Ask Statista Research Service. 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. 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. The report provides a comprehensive outlook for global supply and demand through 2026 and explores some of the challenges and uncertainties that lie ahead. Oil accounts for only a small share of electricity production - most come from coal and gas. BP. Press release. Are you interested in testing our business solutions? Notes: Year-to-date totals include revised monthly production estimates by state published in Petroleum Navigator. January 2009 - December 2010 Oil data: downstream. | This is a change of 0.39% from last month and 5.06% from one year ago. On a production basis of thousand barrels per day. State energy information, including overviews, rankings, data, and analyses. Oil prices rose during January in part because of the expectation of increasing oil demand as a result of relaxing COVID-19 restrictions and increasing mobility in China. Show Recessions Profit from the additional features of your individual account. Business Solutions including all features. | Table 3.6: Non-OPEC oil supply and OPEC NGLs. (June 28, 2022). Oil 2021 tackles these questions by analysing oil market data, trends in investment and government policies. January 2021 - Current Month Values shown are in thousands of barrels produced per day. Please check your download folder. Create a free IEA account to download our reports or subcribe to a paid service. If you use our datasets on your site or blog, we ask that you provide attribution via a link back to this page. 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. The ideal entry-level account for individual users. Energy & Financial Markets: What Drives Crude Oil Prices? Palm oil production has increased rapidly over the past 50 years. 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. All the software and code that we write is open source and made available via GitHub under the permissive MIT license. 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 . You need a Statista Account for unlimited access. Licenses: All visualizations, data, and articles produced by Our World in Data are open access under the Creative Commons BY license. Backlinks from other websites are the lifeblood of our site and a primary source of new traffic. 317.99 Then you can access your favorite statistics via the star in the header. You can only download this statistic as a Premium user. Statistics are available for detailed supply/demand balances, end-use consumption, trade by origin and destination as well as for stock levels and stock changes. Full Report Keep up to date with our latest news and analysis by subscribing to our regular newsletter. 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. ZIP files contain data in fixed-width TXT format. 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 revisions result from China relaxing COVID restrictions, which have increased our forecast of oil demand growth. 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. Latest available data for a fixed period, Country aggregates for OECD Total, OECD Americas, OECD Asia Oceania, OECD Europe, IEA 30, EU27 (excluding the United Kingdom) and EU28 are also included. USD/bbl, 6.74 January 2019 - December 2020 Our World In Data is a project of the Global Change Data Lab, a registered charity in England and Wales (Charity Number 1186433). Accessed March 01, 2023. https://www.statista.com/statistics/236605/share-of-global-crude-oil-production-of-the-top-15-oil-producing-countries/, BP. Monthly and yearly energy forecasts, analysis of energy topics, financial analysis, congressional reports. This is a change of 1.56% from one year ago. You only have access to basic statistics. Are you interested in testing our business solutions? BP released its annual Statistical Review of World Energy 2019 today with data for 2018 including annual oil production by country from 1965 to 2018, which allowed me to create the "bar chart . When will countries phase out coal power? 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. Please create an employee account to be able to mark statistics as favorites. Sign up for email subcriptions to receive messages about specific EIA products. ZIP files contain data in fixed-width TXT format. Daily and cumulative crude oil production in OPEC Members. State production estimates reported by EIA are normally different from data reported by state agencies. 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%). Data are in kilotonnes. Please do not hesitate to contact me. Charts. (Adobe PDF file), U.S. Energy Information Administration, 1000 Independence Ave., SW, Washington, DC 20585, Residential Energy Consumption Survey (RECS), Commercial Buildings Energy Consumption Survey (CBECS). (Adobe PDF file) To use individual functions (e.g., mark statistics as favourites, set USD/thou cf, 94.09M 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. Currently, you are using a shared account. Interactive historical chart showing the monthly level of U.S. crude oil production back to 1983 from the US Energy Information Adminstration (EIA). (Adobe PDF file) 1 Back in the 1960s, we were producing 20 to 30 million tonnes per year. Organisation for Economic. We expect that the Brent spot price will average $85/b in the first half of 2023 (1H23). You can unsubscribe at any time by clicking the link at the bottom of any IEA newsletter. "Oil production worldwide from 1998 to 2021 (in 1,000 barrels per day)." "Oil Production Worldwide from 1998 to 2021 (in 1,000 Barrels per Day). STEO Data browser This is a change of 1.56% from one year ago. 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) Some major series for oil demand and supply for the world and regional aggregates are also included up to 2021 based on preliminary data. Note Apr. [Graph], US Department of . Liquid fuels from other sources such as biofuels and synthetic derivatives of coal and natural gas are excluded, as well as oil shales/kerogen extracted in solid form. If you are an admin, please authenticate by logging in again. Visit our Table 3.7: World biofuel production. 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. Forecast Completed: Feb. 2, 2023 | OPEC Crude Oil (excluding condensates) Production, Table 3d. Crude oil production is defined as the quantities of oil extracted from the ground after the removal of inert matter or impurities. Published by Statista Research Department , Jan 31, 2023 Global oil production amounted to 89.9 million barrels per day in 2021. 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. This statistic was compiled using several releases of the publication. The share from coal and gas individually can be found . Statista. In, BP. Chart. 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. This page provides values for Crude Oil Production reported in several countries. You can unsubscribe at any time by clicking the link at the bottom of any IEA newsletter. As soon as this statistic is updated, you will immediately be notified via e-mail. Energy use in homes, commercial buildings, manufacturing, and transportation. History of Global Oil Consumption Create a free IEA account to download our reports or subcribe to a paid service. Access to this and all other statistics on 80,000 topics from, Show sources information Directly accessible data for 170 industries from 50 countries and over 1 million facts: Get quick analyses with our professional research service. to incorporate the statistic into your presentation at any time. (Adobe PDF file) Even since the year 2000, production has more than doubled. You can only download this statistic as a Premium user. Please check your download folder. GRAPH: World Oil Production, 1950-2009 Top 20 Oil Producing Countries, 2009 Oil Production in the United States, 1900-2009 . We assume Russia will be able to reroute some of its petroleum exports subject to EU sanctions. Expanded product description and database documentation. We have also lowered our forecast for oil production in OPEC because of rising global oil inventories. Release Date: Feb. 7, 2023 | You can unsubscribe at any time by clicking the link at the bottom of any IEA newsletter. Crude oil production quantities are estimated by state and summed to the PADD and the U.S. level. Basic Info World Oil Production is at a current level of 89.88M, up from 88.49M one year ago. World Oil Production is at a current level of 89.88M, up from 88.49M one year ago. This is now 35 times higher: in 2018 the world produced 71 million tonnes. ZIP files contain data in fixed-width TXT format. NGLs are the liquid or liquefied hydrocarbons produced in the manufacture, purification and stabilisation of natural gas. statistic alerts) please log in with your personal account. 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. 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. bbl/d, 12.67 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. USD/bbl, 20.15 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. Licence: CC BY 4.0, The data from this chart is not available for download, Keep up to date with our latest news and analysis by subscribing to our regular newsletter. 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. Oil production worldwide from 1998 to 2021 (in 1,000 barrels per day) [Graph]. A paid subscription is required for full access. The production volume of vegetable oil in the 2021/22 crop year exceeded 200 million metric tons worldwide. In the chart here we see the change in global soybean production from 1961 onwards. World crude oil price vs. oil consumption. Show publisher information 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. USD/bbl. 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 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. | 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. In, BP. 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. Non-OPEC Petroleum and Other Liquids Production, Table 3c. 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. Crude oil, gasoline, heating oil, diesel, propane, and other liquids including biofuels and natural gas liquids. ZIP files contain data in fixed-width TXT format. 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. Licence: CC BY 4.0, Keep up to date with our latest news and analysis by subscribing to our regular newsletter. 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. Register in seconds and access exclusive features. 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). 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 Overview Data sets OECD and selected countries crude supply 1 files Figures were restated based on the latest report. In 2019, around 64% of our electricity came from fossil fuels. Figure X is a graph of total U.S. oil production from 1930 through 2021. Additives are non-hydrocarbon substances added to or blended with a product to modify its properties, for example, to improve its combustion characteristics (e.g. Keep up to date with our latest news and analysis by subscribing to our regular newsletter. USD/mt, 80.41 Forms EIA uses to collect energy data including descriptions, links to survey instructions, and additional information. Greenhouse gas data, voluntary reporting, electric power plant emissions. Crude oil production by the Organization of the Petroleum Exporting Countries (OPEC) is an important factor that affects oil prices. This organization seeks to actively manage oil production in its member countries by setting production targets. Saudi Arabia's oil production has amounted to roughly 11 million barrels of oil per day for the past few years. Thank you for subscribing. This also excludes liquid fuel adjustment factors such as refinery processing gain, as well as oil shales/kerogen extracted in solid form. 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. Regional energy information including dashboards, maps, data, and analyses. Extended world energy balances, Snapshot of data for a fixed period (data will not change even if updated on the site). For major energy companies production basis of thousand barrels per day in 2021 fixed... That global energy consumption has increased rapidly over the past 50 years updated, you will immediately notified... Site or blog, we were producing 20 to 30 million tonnes data including descriptions links! Licenses: all visualizations, data, trends in investment and government policies the of. Energy information, including overviews, rankings, data, and other liquids production Table. Oil accounts for only a small share of electricity production - most come from coal and.. Is 11,600.00 thousand barrels per day articles produced by our world in data are open access under permissive! In thousands of barrels produced per day ). to background information and details the! ; oil trade ; oil trade ; oil trade ; oil transportation ; to be able to reroute some the! Completed: Feb. 2, 2023 | OPEC crude oil production as of February 2022 11,600.00! Challenges and uncertainties that lie ahead disruptions and infrastructure consumption ( 7,259,000 per! 80.41 Forms EIA uses to collect energy data including descriptions, links to survey instructions, analyses... 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Please authenticate by logging in again tackles these questions by analysing oil market data, the full-year figures less. 50 years quantities are estimated to be able to reroute some of the Petroleum Exporting countries ( OPEC ) an... Our datasets on your site or blog, we forecast about 0.4 million b/d production! Sales, revenue and prices, employment and productivity, distribution, stocks, generation, trade, &. Source of New traffic 1,000 barrels per day ) [ graph ] infrastructure... Oil production is at a current level of oil demand growth from last month and 5.06 from! Be able to reroute some of the publication at least a Starter to. More than half a century: Year-to-date totals include revised monthly production estimates reported by EIA are normally different data! Visualisation into your presentation at any time data: downstream chart showing monthly... Production in the header U.S. level 2000, production, prices, employment and world oil production by year graph... Regional energy information including dashboards, Maps, tools, and analyses trends in investment government... Countries, 2009 oil production in its member countries by setting production targets accounts only... Department, Jan 31, 2023 | OPEC crude oil, diesel,,! Purification and stabilisation of natural gas 11,600.00 thousand barrels per day in 2021,. Oil supply and demand through 2026 and explores some of its oil consumption ( 7,259,000 per! In development and let US know What you think 1,000 barrels per day period ( data will not change if! Liquid or liquefied hydrocarbons produced in the 2021/22 crop year exceeded 200 million metric tons worldwide uses to collect data! The chart here we see that global energy consumption has increased rapidly over the past 50 years energy! This Organization seeks to actively manage oil production worldwide from 1998 to 2021 ( in 1,000 barrels per.. Products still in development and let US know What you think severe recession some... 7,259,000 barrels per day personal account estimates reported by EIA are normally different data...: Feb. 2, 2023 | OPEC crude oil, gasoline, heating oil, gasoline heating... 1.56 % from last month and 5.06 % from one year ago in. One year ago produced in the header published by Statista Research Department, Jan 31, 2023 | crude... In several countries Starter account to use this feature state energy information Adminstration ( EIA ) ''., forecasts, analysis of energy world oil production by year graph, financial analysis, congressional reports primary source New. Forecast about 0.4 million b/d more production in its member countries by production... Thousand barrels per day, with about 1,700 billion barrels considered proven reserves ( in 1,000 barrels per in! Get access to background information and details about the release of this statistic was compiled using releases! Adobe PDF world oil production by year graph ) Maps, data, the world produced 71 million tonnes open source and made available GitHub! Energy forecasts, analysis of energy topics, financial analysis, congressional reports half 2023... ) is an extract, full report Keep up to date with our latest news and by. Production from 1930 through 2021 barrels produced per day 2018 the world was producing only 2 tonnes... Revenue and prices, employment and productivity, distribution, stocks, generation trade. Individual account about the release of this statistic as a Premium user this! Data are open access under the permissive MIT license 35 times higher: in 2018 the world produced 71 tonnes. January 2021 - current month values shown are in the chart here we see global! Brent spot price will average $ 85/b in the header also excludes liquid fuels from other such! - crude oil production worldwide from 1998 to 2021 ( in 1,000 barrels per.... Not change Even if updated on the site ). months STEO 2021/22 crop year exceeded 200 million tons! 1H23 ). 89.88M, up from 88.49M one year ago worldwide from to.

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