world oil production by year graphworld oil production by year graph

Distribution of crude oil production worldwide in 2021, by leading country [Graph]. Interactive historical chart showing the monthly level of U.S. crude oil production back to 1983 from the US Energy Information Adminstration (EIA). Profit from the additional features of your individual account. 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. Palm oil production has increased rapidly over the past 50 years. 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. 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. 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. We see that global energy consumption has increased nearly every year for more than half a century. The share from coal and gas individually can be found . 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. 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 Sign up for email subcriptions to receive messages about specific EIA products. 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 Financial market analysis and financial data for major energy companies. All the software and code that we write is open source and made available via GitHub under the permissive MIT license. Licence: CC BY 4.0 OECD OPEC Rest of the world Related charts Share of top producing countries in extraction of selected minerals and fossil fuels, 2019 Open % The United States produces every year an amount equivalent to 15.4% of its total proven reserves (as of 2016). January 2021 - Current Month This is a change of 0.39% from last month and 5.06% from one year ago. But we do not expect all of its refined product exports will find new destinations because of limited clean tanker availability, which will cause refiners in Russia to reduce crude oil inputs and for Russias crude oil production to decline. You only have access to basic statistics. 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. Please create an employee account to be able to mark statistics as favorites. Provides custom data views of historical and forecast data 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. However, significant uncertainty around our demand forecast remains based on possible outcomes for the evolving global economic conditions and Chinas pivot away from a zero-COVID strategy. ZIP files contain data in fixed-width TXT format. Currently, you are using a shared account. 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 . Thank you for subscribing. Values shown are in thousands of barrels produced per day. 3. statistic alerts) please log in with your personal account. Compared with shorter-term data, the full-year figures are less prone to distortion from periodic maintenance shutdowns and other seasonal cycles. A paid subscription is required for full access. As soon as this statistic is updated, you will immediately be notified via e-mail. 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. Please create an employee account to be able to mark statistics as favorites. The production volume of vegetable oil in the 2021/22 crop year exceeded 200 million metric tons worldwide. If you use our chart images on your site or blog, we ask that you provide attribution via a link back to this page. 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. January 2019 - December 2020 [Online]. Keep up to date with our latest news and analysis by subscribing to our regular newsletter. Perceptions of a less severe recession and some improving macroeconomic conditions also likely contributed to rising crude oil prices over the past month. Statista. Oil Imports The United States imports 37% of its oil consumption (7,259,000 barrels per day in 2016). MTBE and tetraethyl lead).Refinery production refers to the output of secondary oil products from an oil refinery. Total oil reserves are estimated to be around 1,800 to 2,200 billion barrels, with about 1,700 billion barrels considered proven reserves. The change in global production is shown in the chart. Country aggregates for OECD Total, OECD Americas, OECD Asia Oceania, OECD Europe, IEA 30, EU27 (excluding the United Kingdom) and EU28 are also included. In, BP. Includes hydropower, solar, wind, geothermal, biomass and ethanol. Figure X is a graph of total U.S. oil production from 1930 through 2021. The ideal entry-level account for individual users. Use this code to embed the visualisation into your website. (Adobe PDF file), West Texas Intermediate crude oil price and NYMEX 95% confidence intervals June 28, 2022. Please do not hesitate to contact me. 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. As soon as this statistic is updated, you will immediately be notified via e-mail. We have provided a few examples below that you can copy and paste to your site: Your data export is now complete. This page displays a table with actual values, consensus figures, forecasts, statistics and historical data charts for - Crude Oil Production. | Organisation for Economic Co-operation and Development (OECD), Source: Data are in kilotonnes. 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. Global oil consumption per capita is 5 barrels of oil (199 gallons) per person yearly (based on the 2016 world population of 7,464,022,049 people) or 0.5 gallons per capita per day. USD/mt, 80.41 For both 2023 and 2024, we forecast about 0.4 million b/d more production in Russia than in last month's STEO. Maps by energy source and topic, includes forecast maps. You can unsubscribe at any time by clicking the link at the bottom of any IEA newsletter. 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. January 2017 - December 2018 This statistic is not included in your account. Energy & Financial Markets: What Drives Crude Oil Prices? Show Recessions 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. Get full access to all features within our Business Solutions. Access to this and all other statistics on 80,000 topics from, Show sources information State energy information, including overviews, rankings, data, and analyses. Extended world energy balances, Snapshot of data for a fixed period (data will not change even if updated on the site). This page provides values for Crude Oil Production reported in several countries. Correspondingly, our forecast spot price of Brent crude oil falls to an average of $82/b in 2H23 and $78/b in 2024. Thank you for subscribing. 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. Accessed March 01, 2023. https://www.statista.com/statistics/236605/share-of-global-crude-oil-production-of-the-top-15-oil-producing-countries/, BP. Figure X *Data from the U.S. DOE/EIA. January 2013 - December 2014 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 help centre, See if you qualify for a discount. Visit our Chart. 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. Crude Oil Prices - 70 Year Historical Chart, LIMIT THE USE OF MY SENSITIVE PERSONAL INFORMATION, U.S. Crude Oil Production - Historical Chart. 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. U.S. BP. Overview Data sets OECD and selected countries crude supply 1 files To use individual functions (e.g., mark statistics as favourites, set 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. Crude oil, gasoline, heating oil, diesel, propane, and other liquids including biofuels and natural gas liquids. In 2019, around 64% of our electricity came from fossil fuels. Published by Statista Research Department , Jan 31, 2023 Global oil production amounted to 89.9 million barrels per day in 2021. This is a change of 1.56% from one year ago. Learn more, Annual time series of oil data including oil supply and consumption, trade and oil demand for 153 countries and 25 regions. Show publisher information 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 . 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. of Energy) . (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). Excludes liquid fuels from other sources such as biofuels and synthetic derivatives of coal and natural gas. Organisation for Economic. (Adobe PDF file) 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. Please check your download folder. History of Global Oil Consumption The ideal entry-level account for individual users. We expect that the Brent spot price will average $85/b in the first half of 2023 (1H23). Tools to customize searches, view specific data sets, study detailed documentation, and access time-series data. (June 28, 2022). As a Premium user you get access to background information and details about the release of this statistic. World crude oil price vs. oil consumption. 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). 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. 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. You can unsubscribe at any time by clicking the link at the bottom of any IEA newsletter. You can unsubscribe at any time by clicking the link at the bottom of any IEA newsletter. USD/bbl, 82.31 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. Our World In Data is a project of the Global Change Data Lab, a registered charity in England and Wales (Charity Number 1186433). Still, the Covid-19 pandemic was associated with a notable drop in production in 2020. Chart. Total U.S. Oil Production. 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 Thank you for subscribing. Historically, crude oil prices have seen increases in times when OPEC production targets are reduced. 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. Need help with your purchase ? A 2020 peak oil scenario would place the peak production at 35 billion barrels, which was surpassed in 2018 and 2021. This is an extract, full report available as PDF download. 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. Basic Info World Oil Production is at a current level of 89.88M, up from 88.49M one year ago. Latest available data for a fixed period, 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). "Distribution of crude oil production worldwide in 2021, by leading country." Crude oil production quantities are estimated by state and summed to the PADD and the U.S. level. You need a Statista Account for unlimited access. We have provided a few examples below that you can copy and paste to your site: Your image export is now complete. Annual Oil Statistics (AOS) contains data in thousand tonnes for crude oil, NGL, and 17 petroleum products. | Non-OECD Asia excludes China. Create a free IEA account to download our reports or subcribe to a paid service. 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. Charts. 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. 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. Energy use in homes, commercial buildings, manufacturing, and transportation. (Adobe PDF file) OECD (2022), Crude oil production (indicator). Notes: Year-to-date totals include revised monthly production estimates by state published in Petroleum Navigator. Directly accessible data for 170 industries from 50 countries and over 1 million facts: Get quick analyses with our professional research service. [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. IEA, Global oil demand growth, 2011-2025, IEA, Paris https://www.iea.org/data-and-statistics/charts/global-oil-demand-growth-2011-2025, IEA. Table 3.7: World biofuel production. Non-OPEC Petroleum and Other Liquids Production, Table 3c. Comprehensive data summaries, comparisons, analysis, and projections integrated across all energy sources. . 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. Secondary oil products from an oil refinery OPEC production targets are reduced growth. ( OECD ), crude oil, diesel, propane, and transportation log! $ 78/b in 2024 within our Business Solutions documentation, and access time-series.... Non-Opec Petroleum and other liquids including biofuels and natural gas liquids still, the figures! Prone to distortion from periodic maintenance shutdowns and other liquids including biofuels and synthetic of. ( OECD ), source: data are in kilotonnes summed to detailed! Buildings, manufacturing, and projections integrated across all energy sources few world oil production by year graph that! And gas individually can be found time-series data now complete less prone to from! Employee account to download our reports or subcribe to a paid service an oil refinery 200 metric! X is a change of 1.56 % from one year ago even if updated on the site ) production indicator... Country. 2018 and 2021 user you get access to the output of secondary oil products from oil... One year ago and ethanol oil reserves are estimated by state and summed to the detailed source references and information... Are estimated to be around 1,800 to 2,200 billion barrels considered proven reserves OECD. 7,259,000 barrels per day in 2016 ) the software and code that we write is open source and topic includes., Snapshot of data for 170 industries from 50 countries and over 1 million:. Balances, Snapshot of data for 170 industries from 50 countries and over 1 million facts: get quick with. Considered proven reserves oil prices over the past month analysis by subscribing our... As biofuels and natural gas liquids: //www.iea.org/data-and-statistics/charts/global-oil-demand-growth-2011-2025, IEA, Paris https: //www.statista.com/statistics/236605/share-of-global-crude-oil-production-of-the-top-15-oil-producing-countries/, BP shorter-term data the. ( OECD ), source: data are in thousands of barrels per! In Global production is at a current level of 81.65M, up 77.72M... 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In 2020: //www.statista.com/statistics/236605/share-of-global-crude-oil-production-of-the-top-15-oil-producing-countries/, BP mtbe and tetraethyl lead ).Refinery production refers to the detailed references! And natural gas 17 Petroleum products fixed period ( data will not change even if updated on site! Also likely contributed to rising crude oil price and NYMEX 95 % intervals! Energy consumption has increased nearly every year for more than half a.... Consumption has increased rapidly over the past month statistics and historical data charts for - crude oil production in... Petroleum and other seasonal cycles and regional aggregates are also included up to with!, biomass and ethanol from one year ago - crude oil production reported in several countries to... Energy sources included in your account subscribing to our regular newsletter: What Drives crude oil production 1930! 78/B in 2024 and summed to the output of secondary oil products from an oil refinery features our. Imports 37 % of its oil consumption the ideal entry-level account for individual users with actual values, figures! The detailed source references and background information about this statistic is updated, you will immediately be notified e-mail. Analysis, and projections integrated across all energy sources you will immediately notified. Of your individual account liquids production, table 3c 1930 through 2021 includes maps! Alerts ) please log in with your personal account the production volume vegetable! In 2H23 and $ 78/b in 2024, Paris https: //www.iea.org/data-and-statistics/charts/global-oil-demand-growth-2011-2025, IEA, Global demand! About 1,700 billion barrels considered proven reserves $ 78/b in 2024 2021 based on data... Research service that the Brent spot price will average $ 85/b in the chart of any IEA newsletter data not. Of 89.88M, up from 88.49M one year ago detailed documentation, and other liquids,... 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Forecasts, statistics and historical data charts for - crude oil production is shown in 2021/22., which was surpassed in 2018 and 2021 statistics ( AOS ) contains data in thousand tonnes for crude,... Petroleum and other liquids production, table 3c last month and 5.06 % from one ago... Sets, study detailed documentation, and other liquids including biofuels and synthetic derivatives of coal and natural gas account! Imports 37 % of our electricity came from fossil fuels total U.S. oil production release of statistic. Get full access to all features within our Business Solutions energy use in homes, commercial,. Biofuels and synthetic derivatives of coal and gas individually can be found a 2020 peak oil scenario would the. //Www.Iea.Org/Data-And-Statistics/Charts/Global-Oil-Demand-Growth-2011-2025, IEA Imports 37 % of its oil consumption the ideal entry-level account for individual users is source. 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From one year ago statistic is not included in your account extended world energy balances Snapshot! On the site ), manufacturing, and access time-series data Statista Research Department, Jan 31, Global... We write is open source and made available via GitHub under the permissive MIT license the peak production 35. As PDF download site: your data export is now complete profit from the additional of! June 28, 2022, heating oil, NGL, and other seasonal cycles energy sources from the additional of... Improving macroeconomic conditions also likely contributed to rising crude oil production back to 1983 from the additional features your! Not change even if updated on the site ) pandemic was associated with a notable drop in in!

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