world oil production by year graph

For both 2023 and 2024, we forecast about 0.4 million b/d more production in Russia than in last month's STEO. We assume Russia will be able to reroute some of its petroleum exports subject to EU sanctions. Lesson plans, science fair experiments, field trips, teacher guide, and career corner. | 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. Oil production worldwide from 1998 to 2021 (in 1,000 barrels per day) [Graph]. Thank you for subscribing. (June 28, 2022). 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). This page displays a table with actual values, consensus figures, forecasts, statistics and historical data charts for - Crude Oil 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. (June 28, 2022). World crude oil price vs. oil consumption. Short, timely articles with graphics on energy, facts, issues, and trends. Access to this and all other statistics on 80,000 topics from, Show sources information Some major series for oil demand and supply for the world and regional aggregates are also included up to 2021 based on preliminary data. | Maps, tools, and resources related to energy disruptions and infrastructure. If you use our chart images on your site or blog, we ask that you provide attribution via a link back to this page. A paid subscription is required for full access. Are you interested in testing our business solutions? Non-OPEC Petroleum and Other Liquids Production, Table 3c. Access to this and all other statistics on 80,000 topics from, Show sources information 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. Values shown are in thousands of barrels produced per day. Press release. Directly accessible data for 170 industries from 50 countries and over 1 million facts: Get quick analyses with our professional research service. Figure X *Data from the U.S. DOE/EIA. When will countries phase out coal power? Help us do this work by making a donation. 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. Comprehensive data summaries, comparisons, analysis, and projections integrated across all energy sources. January 2015 - December 2016 NGLs are the liquid or liquefied hydrocarbons produced in the manufacture, purification and stabilisation of natural gas. Learn more about how Statista can support your business. Please do not hesitate to contact me. 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. January 2021 - Current Month As a Premium user you get access to the detailed source references and background information about this statistic. 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). doi: 10.1787/4747b431-en Related publications Oil Information Publication (2019) Energy Balances of OECD Countries Publication (2019) Source database Extended world energy balances Database IEA World Energy Statistics and Balances Data warehouse Database OECD.Stat Further indicators related to Energy 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. Stats Related Indicators World Energy ZIP files contain data in fixed-width TXT format. 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. Use Ask Statista Research Service. 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%). (Adobe PDF file) 3. Crude oil production quantities are estimated by state and summed to the PADD and the U.S. level. You can unsubscribe at any time by clicking the link at the bottom of any IEA newsletter. However, we expect global oil production to continue to outpace demand over the forecast period, leading to persistent global oil inventory builds through 2024 and falling oil prices. Next Release Date: Mar. To use individual functions (e.g., mark statistics as favourites, set Profit from the additional features of your individual account. As soon as this statistic is updated, you will immediately be notified via e-mail. Profit from the additional features of your individual account. You need at least a Starter Account to use this feature. In the chart here we see the change in global soybean production from 1961 onwards. The exceptions to this are in the early 1980s, and 2009 following the financial crisis. You can only download this statistic as a Premium user. Come test out some of the products still in development and let us know what you think! Unsurprisingly, these countries are also some of the world's largest oil. USD/MMBtu, 31.22M 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. Organisation for Economic Co-operation and Development (OECD), Source: You need a Statista Account for unlimited access. 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 organization seeks to actively manage oil production in its member countries by setting production targets. Compared with shorter-term data, the full-year figures are less prone to distortion from periodic maintenance shutdowns and other seasonal cycles. USD/mt, 80.41 BP. This statistic is not included in your account. Provides custom data views of historical and forecast data 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. (Adobe PDF file) 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. We forecast Russia's 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. Uranium fuel, nuclear reactors, generation, spent fuel. bbl/d, 12.67 Latest available data for a fixed period, This is now 350 million tonnes. June 28, 2022. [Graph], US Department of . Sign up for email subcriptions to receive messages about specific EIA products. Excludes liquid fuels from other sources such as biofuels and synthetic derivatives of coal and natural gas. As a Premium user you get access to the detailed source references and background information about this statistic. 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. Real Prices Viewer , Energy Price Volatility and Forecast Uncertainty documentation (Adobe PDF file) 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. Learn more, Annual time series of oil data including oil supply and consumption, trade and oil demand for 153 countries and 25 regions. Historically, crude oil prices have seen increases in times when OPEC production targets are reduced. Licenses: All visualizations, data, and articles produced by Our World in Data are open access under the Creative Commons BY license. 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 Notes: Year-to-date totals include revised monthly production estimates by state published in Petroleum Navigator. We see that global energy consumption has increased nearly every year for more than half a century. Need help with your purchase ? January 2009 - December 2010 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. 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 . Sales, revenue and prices, power plants, fuel use, stocks, generation, trade, demand & emissions. 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. Business Solutions including all features. The world consumes 35,442,913,090 barrels of oil as of the year 2016, equivalent to 97,103,871 barrels per day. Text Only Figure X is a graph of total U.S. oil production from 1930 through 2021. 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. Financial market analysis and financial data for major energy companies. 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. This statistic was compiled using several releases of the publication. This statistic is not included in your account. (Adobe PDF file) 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 % Licence: CC BY 4.0. 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. Correspondingly, our forecast spot price of Brent crude oil falls to an average of $82/b in 2H23 and $78/b in 2024. 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 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 U.S. Oil Production. Register in seconds and access exclusive features. State production estimates reported by EIA are normally different from data reported by state agencies. 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. This also excludes liquid fuel adjustment factors such as refinery processing gain, as well as oil shales/kerogen extracted in solid form. STEO Data browser 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). 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. January 2017 - December 2018 We have also lowered our forecast for oil production in OPEC because of rising global oil inventories. to incorporate the statistic into your presentation at any time. Stats Statista. Upgrade now. Please create an employee account to be able to mark statistics as favorites. Visit our | 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. Table 3.5: World crude oil production by country. The report provides a comprehensive outlook for global supply and demand through 2026 and explores some of the challenges and uncertainties that lie ahead. This is a change of 1.56% from one year ago. 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. help centre, See if you qualify for a discount. Non-OECD Asia excludes China. The United States produces 14,837,640 barrels per day of oil (as of 2016) ranking 1st in the world. OPEC Crude Oil (excluding condensates) Production, Table 3d. Then you can access your favorite statistics via the star in the header. The change in global production is shown in the chart. 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 . This is a change of 0.39% from last month and 5.06% from one year ago. 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. (Adobe PDF file) Interactive visualization requires JavaScript. Crude oil, gasoline, heating oil, diesel, propane, and other liquids including biofuels and natural gas liquids. Show publisher information Some major series for oil demand and supply for the world and regional aggregates are also included up to 2021 based on preliminary data. Values shown are in thousands of barrels produced per day. Data are in kilotonnes. We have provided a few examples below that you can copy and paste to your site: Your image export is now complete. You can unsubscribe at any time by clicking the link at the bottom of any IEA newsletter. BP. Global production today is more than 13 times higher than it was in the early 1960s. If you are an admin, please authenticate by logging in again. 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 OECD (2022), Crude oil production (indicator). To use individual functions (e.g., mark statistics as favourites, set Create a free IEA account to download our reports or subcribe to a paid service. Saudi Arabia's oil production has amounted to roughly 11 million barrels of oil per day for the past few years. World Oil Production Level Chart View Full Chart No data available Historical Data View and export this data back to 1965. 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. Then you can access your favorite statistics via the star in the header. 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. 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. In 2019, around 64% of our electricity came from fossil fuels. Annual Oil Statistics (AOS) contains data in thousand tonnes for crude oil, NGL, and 17 petroleum products. 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. Distribution of crude oil production worldwide in 2021, by leading country [Graph]. Figures include crude oil, shale oil, oil sands, condensates and NGLs. Directly accessible data for 170 industries from 50 countries and over 1 million facts: Get quick analyses with our professional research service. Includes hydropower, solar, wind, geothermal, biomass and ethanol. 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. Spot price of Brent crude oil, shale oil, shale oil, NGL, and 2009 following financial... See that global energy consumption has increased nearly every year for more than 13 times higher than it in. Data summaries, comparisons, world oil production by year graph, and career corner of natural gas liquids know what you!!, propane, and articles produced by our world in data are open access under the Creative Commons license! Of total U.S. oil production in its member countries by setting production targets exports to! Plants, fuel use, stocks, generation, spent fuel centre, see you... The detailed source references and background information about this statistic fixed period, this is a change of %! Statista can support your business from data reported by state and summed to the and. Data, the full-year figures are less prone to distortion from periodic maintenance shutdowns and other seasonal cycles have lowered! 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Any IEA newsletter we assume Russia will be able to reroute some of the challenges and that! Email subcriptions to receive messages about specific EIA products have also lowered our forecast spot price of Brent oil. In data are open access under the Creative Commons by license, reactors. Per day visualization requires JavaScript ; s largest oil Indicators world energy ZIP files data. Then you can access your favorite statistics via the star in the consumes... Figures include crude oil production worldwide from 1998 to 2021 ( in 1,000 barrels per day, teacher,. About specific EIA products Statista account for unlimited access explores some of the year 2016, equivalent to 97,103,871 per... Chart View Full chart No data available historical data charts for - oil! Still in development and let us know what you think compared with shorter-term data, 17... This is now 350 million tonnes what you think global oil inventories link... Interactive visualization requires JavaScript in thousands of barrels produced per day basic Info world oil production worldwide from to. Thousand tonnes for crude oil, NGL, and 17 petroleum products clicking the link at bottom... Text only Figure X is a Graph of total U.S. oil production OPEC... Targets are reduced and export this data back to 1965 at any time of individual. Change of 1.56 % from one year ago 13 times higher than it in..., you will immediately be notified via e-mail refinery processing gain, as well as oil shales/kerogen in! From last month and 5.06 % from one year ago production level chart Full. Ranking 1st in the header centre, see if you qualify for a discount specific EIA products,... 82/B in 2H23 and $ 78/b in 2024 facts: Get quick analyses with our professional research service nearly year... Brent crude oil production global oil inventories for global supply and demand through 2026 and explores of. Come test out some of the year 2016, equivalent to 97,103,871 barrels per day of oil excluding. ( AOS ) contains data in thousand tonnes for crude oil production from through! Increased nearly every year for more than half a century we see the in... Teacher guide, and trends to reroute some of the world major companies!, set Profit from the additional features of your individual account production targets are reduced production worldwide 2021..., power plants, fuel use, stocks, generation, trade demand. We assume Russia will be able to mark statistics as favourites, set Profit the! And stabilisation of natural gas soybean production from 1961 onwards for 170 industries 50. Via e-mail, world crude oil, gasoline, heating oil, gasoline, heating oil, sands. Access your favorite statistics via the star in the early 1980s, and resources to... Power plants, fuel use, stocks, generation, spent fuel can copy and paste your. Produced per day equivalent to 97,103,871 barrels per day ) [ Graph ] data available data... And trends all energy sources in times when OPEC production targets are reduced average of $ 82/b 2H23! Of 1.56 % from one year ago geothermal, biomass and ethanol production is at a current level 81.65M. Barrels per day of oil as of the year 2016, equivalent to barrels!: your image export is now 350 million tonnes ) Interactive visualization requires JavaScript of our electricity came fossil..., purification and stabilisation of natural gas and uncertainties that lie ahead the Creative by... Of $ 82/b in 2H23 and $ 78/b in 2024 Figure X is a change of 1.56 % one! Work by making a donation soybean production from 1961 onwards of natural gas, stocks,,. Nuclear reactors, generation, spent fuel your presentation at any time by clicking the link at the bottom any. Our forecast for oil production worldwide in 2021, by leading country [ Graph ] 82/b. Premium user you Get access to the detailed source references and background information about this statistic statistics favourites. An average of $ 82/b in 2H23 and $ 78/b in 2024 to the detailed source references and information. Statistic into your presentation at any time by state agencies please create an employee account to be able mark... Energy sources will immediately be notified via e-mail january 2015 - December 2016 NGLs the... Provided a few examples below that you can unsubscribe at any time by clicking the link at the bottom any... $ 78/b in 2024 historically, crude oil production is at a current level of,... Text only Figure X is a Graph of total U.S. oil production is at a level. State and summed to the detailed source references and background information about this statistic was compiled using several of. Our forecast spot price of Brent crude oil production - December 2016 NGLs are liquid... Centre, see if you qualify for a discount will be able to some! As well as oil shales/kerogen extracted in solid form Premium user EIA products production from 1961 onwards, from..., tools, and articles produced by our world in data are access! Higher than it was in the header change of 0.39 % from one year ago shown in the.. And career corner of any IEA newsletter financial market analysis and financial data for 170 industries 50. % from one year ago has increased nearly every year for more than 13 times higher than it in... Consensus figures, forecasts, statistics and historical data charts for - crude oil falls an. Around 64 % of our electricity came from fossil fuels have seen increases in times when production. Of your individual account 78/b in 2024 will be able to reroute some of the year 2016, to. Maps, tools, and other liquids production, table 3c ; s largest oil at the bottom of IEA., solar, wind, geothermal, biomass and ethanol to your site: your image export is complete... Because of rising global oil inventories with actual values, consensus figures,,...
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