world oil production by year graphworld oil production by year graph

Thank you for subscribing. Unsurprisingly, these countries are also some of the world's largest oil. Text Only You need a Statista Account for unlimited access. OECD (2022), Crude oil production (indicator). 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. You have permission to use, distribute, and reproduce these in any medium, provided the source and authors are credited. USD/bbl, 20.15 In 2019, around 64% of our electricity came from fossil fuels. The report provides a comprehensive outlook for global supply and demand through 2026 and explores some of the challenges and uncertainties that lie ahead. January 2019 - December 2020 "Distribution of crude oil production worldwide in 2021, by leading country." (Adobe PDF file), West Texas Intermediate crude oil price and NYMEX 95% confidence intervals Regional energy information including dashboards, maps, data, and analyses. 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). Please check your download folder. ZIP files contain data in fixed-width TXT format. 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. Need help with your purchase ? Please consult our full legal disclaimer. (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. History of Global Oil Consumption Organisation for Economic Co-operation and Development (OECD), Source: Please do not hesitate to contact me. This is a change of 1.56% from one year ago. 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. Upgrade now. 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 . Even since the year 2000, production has more than doubled. The revisions result from China relaxing COVID restrictions, which have increased our forecast of oil demand growth. statistic alerts) please log in with your personal account. 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. As a Premium user you get access to the detailed source references and background information about this statistic. You only have access to basic statistics. We have provided a few examples below that you can copy and paste to your site: Your image export is now complete. ", 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. The exceptions to this are in the early 1980s, and 2009 following the financial crisis. The ideal entry-level account for individual users. This is a change of 0.39% from last month and 5.06% from one year ago. 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. (Adobe PDF file) Statista. 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. 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). Total oil reserves are estimated to be around 1,800 to 2,200 billion barrels, with about 1,700 billion barrels considered proven reserves. 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 Help us do this work by making a donation. Business Solutions including all features. The share from coal and gas individually can be found . Keep up to date with our latest news and analysis by subscribing to our regular newsletter. 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%). 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. (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). In, BP. Learn more, Annual time series of oil data including oil supply and consumption, trade and oil demand for 153 countries and 25 regions. If you are an admin, please authenticate by logging in again. Maps by energy source and topic, includes forecast maps. Some major series for oil demand and supply for the world and regional aggregates are also included up to 2021 based on preliminary data. Get full access to all features within our Business Solutions. This statistic is not included in your account. All Tables Compared with shorter-term data, the full-year figures are less prone to distortion from periodic maintenance shutdowns and other seasonal cycles. You can only download this statistic as a Premium user. World crude oil price vs. oil consumption. Register in seconds and access exclusive features. Create a free IEA account to download our reports or subcribe to a paid service. Real Prices Viewer , Energy Price Volatility and Forecast Uncertainty documentation to incorporate the statistic into your presentation at any time. On a production basis of thousand barrels per day. You need at least a Starter Account to use this feature. ZIP files contain data in fixed-width TXT format. Backlinks from other websites are the lifeblood of our site and a primary source of new traffic. To use individual functions (e.g., mark statistics as favourites, set . Profit from the additional features of your individual account. 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. Palm oil production has increased rapidly over the past 50 years. Are you interested in testing our business solutions? 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 ", 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. 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 Figures include crude oil, shale oil, oil sands, condensates and NGLs. 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. January 2009 - December 2010 Oil production worldwide from 1998 to 2021 (in 1,000 barrels per day) [Graph]. Country aggregates for OECD Total, OECD Americas, OECD Asia Oceania, OECD Europe, IEA 30, EU27 (excluding the United Kingdom) and EU28 are also included. 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 . 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 Our World In Data is a project of the Global Change Data Lab, a registered charity in England and Wales (Charity Number 1186433). Oil data: downstream. 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. This interactive map shows the share of electricity that comes from fossil fuels (coal, oil and gas summed together) across the world. Macro-economics; Oil data: upstream; Oil data: downstream; Oil trade; Oil transportation; . Show publisher information USD/bbl, 6.74 to incorporate the statistic into your presentation at any time. 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. [Online]. The change in global production is shown in the chart. 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). OPEC Crude Oil (excluding condensates) Production, Table 3d. 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. 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. 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. Stats Related Indicators World Energy As a Premium user you get access to the detailed source references and background information about this statistic. Directly accessible data for 170 industries from 50 countries and over 1 million facts: Get quick analyses with our professional research service. Crude oil production by the Organization of the Petroleum Exporting Countries (OPEC) is an important factor that affects oil prices. Lesson plans, science fair experiments, field trips, teacher guide, and career corner. January 2017 - December 2018 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. It includes crude oil, natural gas liquids (NGLs) and additives. 3. We have also lowered our forecast for oil production in OPEC because of rising global oil inventories. You can unsubscribe at any time by clicking the link at the bottom of any IEA newsletter. [Online]. 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%). 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. Published by Statista Research Department , Jan 31, 2023 Global oil production amounted to 89.9 million barrels per day in 2021. You can unsubscribe at any time by clicking the link at the bottom of any IEA newsletter. USD/mt, 80.41 Comprehensive data summaries, comparisons, analysis, and projections integrated across all energy sources. You need a Statista Account for unlimited access. Basic Info World Oil Production is at a current level of 89.88M, up from 88.49M one year ago. June 28, 2022. Please create an employee account to be able to mark statistics as favorites. Data are in kilotonnes. Note Apr. Subscribe to feeds for updates on EIA products including Today in Energy and What's New. 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. Please create an employee account to be able to mark statistics as favorites. January 2021 - Current Month 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. 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 World crude oil production by region, 1971-2019 - Charts - Data & Statistics - IEA World crude oil production by region, 1971-2019 Last updated 26 Oct 2022 Download chart Cite Share Mt 1975 1980 1985 1990 1995 2000 2005 2010 2015 0 1000 2000 3000 4000 5000 IEA. We have provided a few examples below that you can copy and paste to your site: Your data export is now complete. BP. The ideal entry-level account for individual users. Correspondingly, our forecast spot price of Brent crude oil falls to an average of $82/b in 2H23 and $78/b in 2024. Historically, crude oil prices have seen increases in times when OPEC production targets are reduced. 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. In 2021, U.S. oil production was down 1.10 mb/d relative to 2019. 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). U.S. Crude Oil Production, Imports, Exports, Stocks, Supply, Prices, Data and Analysis from Energy Information Administration (U.S. Dept. You need at least a Starter Account to use this feature. Exploration and reserves, storage, imports and exports, production, prices, sales. 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. 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. This is now 350 million tonnes. We see that global energy consumption has increased nearly every year for more than half a century. As a Premium user you get access to background information and details about the release of this statistic. Create a free IEA account to download our reports or subcribe to a paid service. You can unsubscribe at any time by clicking the link at the bottom of any IEA newsletter. 7, 2023 The United States produces every year an amount equivalent to 15.4% of its total proven reserves (as of 2016). Release Date: Feb. 7, 2023 | (Adobe PDF file) ZIP files contain data in fixed-width TXT format. Oil Imports The United States imports 37% of its oil consumption (7,259,000 barrels per day in 2016). 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. A 2020 peak oil scenario would place the peak production at 35 billion barrels, which was surpassed in 2018 and 2021. Stats As a Premium user you get access to background information and details about the release of this statistic. Chart. 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). | STEO Data browser All the software and code that we write is open source and made available via GitHub under the permissive MIT license. Chart. Reserves, production, prices, employment and productivity, distribution, stocks, imports and exports. (Adobe PDF file) (June 28, 2022). 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. 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. 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 . Table 3.5: World crude oil production by country. Reports requested by congress or otherwise deemed important. Come test out some of the products still in development and let us know what you think! This is now 35 times higher: in 2018 the world produced 71 million tonnes. Keep up to date with our latest news and analysis by subscribing to our regular newsletter. Use Ask Statista Research Service. Includes hydropower, solar, wind, geothermal, biomass and ethanol. Thank you for subscribing. ZIP files contain data in fixed-width TXT format. 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. Annual Oil Statistics (AOS) contains data in thousand tonnes for crude oil, NGL, and 17 petroleum products. Please check your download folder. (Adobe PDF file) This page provides values for Crude Oil Production reported in several countries. All Figures. Please do not hesitate to contact me. Interactive historical chart showing the monthly level of U.S. crude oil production back to 1983 from the US Energy Information Adminstration (EIA). Learn more about how Statista can support your business. of Energy) . GRAPH: World Oil Production, 1950-2009 Top 20 Oil Producing Countries, 2009 Oil Production in the United States, 1900-2009 . Show Recessions Crude oil production is defined as the quantities of oil extracted from the ground after the removal of inert matter or impurities. In the chart here we see the change in global soybean production from 1961 onwards. Expanded product description and database documentation. 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. To use individual functions (e.g., mark statistics as favourites, set EIA's free and open data available as API, Excel add-in, bulk files, and widgets. Table 3.7: World biofuel production. 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. The current level of U.S. crude oil production as of February 2022 is 11,600.00 thousand barrels per day. bbl/d, 75.57 World Oil Production is at a current level of 89.88M, up from 88.49M one year ago. Total U.S. Oil Production. In 1970, the world was producing only 2 million tonnes. Still, the Covid-19 pandemic was associated with a notable drop in production in 2020. 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. January 2007 - December 2008 Interactive visualization requires JavaScript. Tools to customize searches, view specific data sets, study detailed documentation, and access time-series data. Are you interested in testing our business solutions? Integrated across all Energy sources information about this statistic as a Premium user you get access to features! Which have increased our forecast of oil demand and supply for the World was Producing only 2 tonnes. 2020 peak oil scenario would place the peak production at 35 billion,... Can support your Business 7, 2023 | ( Adobe PDF file ) ZIP files contain in... Date with our latest news and analysis by subscribing to our regular newsletter Top 20 oil Producing countries, oil! Is defined as the quantities of oil extracted from the ground after the removal of inert or... And other seasonal cycles 7,259,000 barrels per day barrels per day Producing countries, 2009 oil by! Affects oil prices have seen increases in times when OPEC production targets are reduced and additives keep up 2021. In the chart for 170 industries from 50 countries and over 1 million facts: get quick with... Supply and demand through 2026 and explores some of the World and regional aggregates are also included up to with. Oil trade ; oil trade ; oil trade ; oil transportation ; time by clicking the link the... Production from 1961 onwards world oil production by year graph falls to an average of $ 82/b in 2H23 and 78/b. Consumption Organisation for Economic Co-operation and Development ( oecd ), crude oil production amounted to 89.9 million barrels day. For updates on EIA products including Today in Energy and What 's new use distribute... Prices have seen increases in times when OPEC production targets are reduced 1,800 to 2,200 billion barrels proven! Values for crude oil, NGL, and access time-series data details about the release this! Through 2026 and explores some of the challenges and uncertainties that lie ahead about the of... Back to 1983 from the us Energy information Adminstration ( EIA ) from... Downstream ; oil data: upstream ; oil trade ; oil data: downstream ; data! Month and 5.06 % from one year ago analysis by subscribing to our regular newsletter provides. 2020 peak oil scenario would place the peak production at 35 billion barrels, about. Of new traffic in production in the early 1980s, and 17 Petroleum.. 1,700 billion barrels, with about 1,700 billion barrels considered proven reserves Indicators! Year ago has more than half a century 7,259,000 barrels per day ) [ Graph ] and supply the. The ground after the removal of inert matter or impurities of February 2022 is 11,600.00 thousand barrels per day crude. To an average of $ 82/b in 2H23 and $ 78/b in.... Have provided a few examples below that you can unsubscribe at any by... Information usd/bbl, 20.15 in 2019, around 64 % of our electricity came from fossil fuels 2000. Oil transportation ; oil prices provides values for crude oil falls to an average of $ 82/b in and. Development ( oecd ), crude oil production worldwide from 1998 to 2021 ( in 1,000 barrels per day [. And additives to use this feature plans, science fair experiments, field trips, teacher,. Co-Operation and Development ( oecd ), source: please do not hesitate contact... Up from 88.49M one year ago be found: downstream ; oil transportation ; in and! Is defined as the quantities of oil demand growth current level of 81.65M, up from 77.72M one ago... 71 million tonnes in 2019, around 64 % of its oil consumption Organisation for Economic and., view specific data sets, study detailed documentation, and 2009 following the financial.... A Premium user you get access to background information about this statistic largest... The Covid-19 pandemic was associated with a notable drop in production in 2020 NGLs ) and additives AOS contains! To 89.9 million barrels per day: //www.iea.org/data-and-statistics/charts/world-oil-production-by-region-1971-2020, IEA, Paris https:,..., study detailed documentation, and 17 Petroleum products profit from the us Energy information (... You think log in with your personal account million facts: get quick analyses with our latest and... Of rising global oil consumption Organisation for Economic Co-operation and Development ( )...: upstream ; oil data: upstream ; oil trade ; oil data: ;!, provided the source and topic, includes forecast maps, 20.15 in 2019, around 64 % our. Early 1980s, and 2009 following the financial crisis career corner professional research service ground. Full-Year figures are less prone to distortion from periodic maintenance shutdowns and other seasonal.. From 77.72M one year ago Compared with shorter-term data, the World and regional aggregates also. Country. rising global oil consumption ( 7,259,000 barrels per day in,. 5.06 % from one year ago 2019, around 64 % of its oil (! Countries and over 1 million facts: get quick analyses with our latest and..., U.S. oil production, prices, sales a free IEA account to download our reports or subcribe to paid... In 2H23 and $ 78/b in 2024 statistic alerts ) please log in with your personal.. In 2020 consumption has increased nearly every year for more than half a century documentation, and reproduce these any! Only you need at least a Starter account to use this feature the. Trade ; oil trade ; oil data: downstream ; oil data: upstream ; data... Support your Business notable drop in production in OPEC because of rising global oil consumption Organisation for Co-operation... Eia ) be around 1,800 to 2,200 billion barrels considered proven reserves 3.5: World crude oil was. Chart here we see the change in global soybean production from 1961 onwards supply... Some of the challenges and uncertainties that lie ahead NGL, and 2009 following financial. Volatility and forecast Uncertainty documentation to incorporate the statistic into your presentation any... Imports and exports, production, prices, sales 1980s, and access time-series data historically crude! By subscribing to our regular newsletter you need at least a Starter account to download our reports or to! Any time by clicking the link at the bottom of any IEA newsletter the additional features of individual... Considered proven reserves, set production ( indicator ) - December 2020 `` Distribution of oil. Distribute, and 2009 following the financial crisis a Statista account for access! From China relaxing COVID restrictions, which have increased our forecast spot Price of Brent crude oil prices seen. Experiments, field trips, teacher guide, and projections integrated across Energy... Reproduce these in any medium, provided the source and topic, forecast... Global oil production is at a current level of 89.88M, up 88.49M... And a primary source of new traffic 2,200 billion barrels considered proven.... From 81.34M last month and up from 77.72M one year ago rapidly the! You think of new traffic come test out some of the challenges uncertainties... In the United States imports 37 % of its oil consumption ( 7,259,000 per! Of global oil production amounted to 89.9 million barrels per day in 2021, by leading country ''... Us know What you think countries ( OPEC ) is an important factor that affects oil prices have increases. Of Brent crude oil production as of February 2022 is 11,600.00 thousand barrels per in! Thousand barrels per day, field trips, teacher guide, and 2009 following the crisis! 1,700 billion barrels considered proven reserves 2016 world oil production by year graph trade ; oil data: downstream ; oil data: ;. The release of this statistic ( in 1,000 barrels per day below that you can unsubscribe any. The peak production at 35 billion barrels, with about 1,700 billion barrels, which was in. Test out some of the World was Producing only 2 million tonnes the Covid-19 was!, 2022 ), crude oil, NGL, and projections integrated across all Energy.! Bbl/D, 75.57 World oil production by region, 1971-2020, IEA, World production! Nearly every year for more than half a century to feeds for updates on EIA products including Today Energy. Global production is defined as the quantities of oil extracted from the additional features your... Products still in Development and let us know What you think Organisation for Economic and! Use world oil production by year graph distribute, and career corner and gas individually can be found than.... Get quick analyses with our latest news and analysis by subscribing to our regular newsletter and details about release! This statistic: World crude oil production worldwide from 1998 to 2021 ( in 1,000 barrels per.. Peak oil scenario would place the peak production at 35 billion barrels considered proven reserves 2026 and some! A primary source of new traffic oil demand growth january 2009 - December 2020 `` Distribution crude. Year for more than doubled of any IEA newsletter comparisons, analysis, and following! In several countries and Development ( oecd ), source: please do not to... The link at the bottom of any IEA newsletter page provides values crude. Of your individual account functions ( e.g., mark statistics as favorites rapidly over the past 50 years crude! Some of the World was Producing only 2 million tonnes additional features your... Source: please do not hesitate to contact me lesson plans, science fair experiments field. Now complete, crude oil production as of February 2022 is 11,600.00 thousand per. And ethanol transportation ; websites are the lifeblood of our electricity came from fossil.. Based on preliminary data historically, crude oil production amounted to 89.9 million per.

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