Monthly and yearly energy forecasts, analysis of energy topics, financial analysis, congressional reports. Currently, you are using a shared 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. The world consumes 35,442,913,090 barrels of oil as of the year 2016, equivalent to 97,103,871 barrels per day. 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. Table 3.6: Non-OPEC oil supply and OPEC NGLs. As a Premium user you get access to the detailed source references and background information about this statistic. Our World in Data is free and accessible for everyone. Keep up to date with our latest news and analysis by subscribing to our regular newsletter. 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. Basic Info World Oil Production is at a current level of 89.88M, up from 88.49M one year ago. We see that global energy consumption has increased nearly every year for more than half a century. | 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 . 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. Release Date: Feb. 7, 2023 | Perceptions of a less severe recession and some improving macroeconomic conditions also likely contributed to rising crude oil prices over the past month. Use this code to embed the visualisation into your website. STEO Data browser Crude oil, gasoline, heating oil, diesel, propane, and other liquids including biofuels and natural gas liquids. | USD/bbl, 6.74 Oil accounts for only a small share of electricity production - most come from coal and gas. Published by Statista Research Department , Jan 31, 2023 Global oil production amounted to 89.9 million barrels per day in 2021. Help us do this work by making a donation. On a production basis of thousand barrels per day. to incorporate the statistic into your presentation at any time. 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). The revisions result from China relaxing COVID restrictions, which have increased our forecast of oil demand growth. 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. January 2007 - December 2008 Stats 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. The exceptions to this are in the early 1980s, and 2009 following the financial crisis. The current level of U.S. crude oil production as of February 2022 is 11,600.00 thousand barrels per day. Maps, tools, and resources related to energy disruptions and infrastructure. Visit our 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. Non-OECD Asia excludes China. 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. USD/bbl, 80.90 Table 3.5: World crude oil production by country. This statistic is not included in your account. 1 Back in the 1960s, we were producing 20 to 30 million tonnes per year. 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. 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. Thank you for subscribing. | 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. Notes: Year-to-date totals include revised monthly production estimates by state published in Petroleum Navigator. BP. Please create an employee account to be able to mark statistics as favorites. Then you can access your favorite statistics via the star in the header. January 2019 - December 2020 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. USD/bbl, 20.15 Crude oil production quantities are estimated by state and summed to the PADD and the U.S. level. Please do not hesitate to contact me. GRAPH: World Oil Production, 1950-2009 Top 20 Oil Producing Countries, 2009 Oil Production in the United States, 1900-2009 . 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). The production volume of vegetable oil in the 2021/22 crop year exceeded 200 million metric tons worldwide. 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. Oil production worldwide from 1998 to 2021 (in 1,000 barrels per day) [Graph]. Some major series for oil demand and supply for the world and regional aggregates are also included up to 2021 based on preliminary data. This includes crude oil, NGLs, motor gasoline, gas/diesel oil, residual fuel oil and other refined products. 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). In, BP. Use Ask Statista Research Service. Palm oil production has increased rapidly over the past 50 years. Maps by energy source and topic, includes forecast maps. Data are in kilotonnes. The ideal entry-level account for individual users. 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). 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. You can unsubscribe at any time by clicking the link at the bottom of any IEA newsletter. Register in seconds and access exclusive features. Compared with shorter-term data, the full-year figures are less prone to distortion from periodic maintenance shutdowns and other seasonal cycles. 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. This is an extract, full report available as PDF download. bbl/d, 75.57 This statistic is not included in your account. Global oil supply: Global liquid fuels production averaged about 100.0 million b/d in 2022, and we forecast it will increase by an average of 1.1 million b/d in 2023 and 1.5 million b/d in 2024. Directly accessible data for 170 industries from 50 countries and over 1 million facts: Get quick analyses with our professional research service. Data are in kilotonnes. Accessed March 01, 2023. https://www.statista.com/statistics/236605/share-of-global-crude-oil-production-of-the-top-15-oil-producing-countries/, BP. Financial market analysis and financial data for major energy companies. The level of oil production reached an all-time high in. 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. Interactive visualization requires JavaScript. Figure X *Data from the U.S. DOE/EIA. Directly accessible data for 170 industries from 50 countries and over 1 million facts: Get quick analyses with our professional research service. A paid subscription is required for full access. Regional energy information including dashboards, maps, data, and analyses. 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 Thank you for subscribing. Backlinks from other websites are the lifeblood of our site and a primary source of new traffic. In the chart here we see the change in global soybean production from 1961 onwards. 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. ZIP files contain data in fixed-width TXT format. 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. 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. Organisation for Economic. 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. Uranium fuel, nuclear reactors, generation, spent fuel. Total U.S. Oil Production. of Energy) . This page provides values for Crude Oil Production reported in several countries. The United States produces 14,837,640 barrels per day of oil (as of 2016) ranking 1st in the world. Get full access to all features within our Business Solutions. Next Release Date: Mar. 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. 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. (Adobe PDF file), West Texas Intermediate crude oil price and NYMEX 95% confidence intervals 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. (Adobe PDF file) We have provided a few examples below that you can copy and paste to your site: Your image export is now complete. June 28, 2022. Total oil reserves are estimated to be around 1,800 to 2,200 billion barrels, with about 1,700 billion barrels considered proven reserves. 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. January 2017 - December 2018 In 2021, U.S. oil production was down 1.10 mb/d relative to 2019. 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%). USD/MMBtu, 31.22M Non-OPEC Petroleum and Other Liquids Production, Table 3c. This page displays a table with actual values, consensus figures, forecasts, statistics and historical data charts for - Crude Oil Production. (Adobe PDF file) Energy & Financial Markets: What Drives Crude Oil Prices? Create a free IEA account to download our reports or subcribe to a paid service. You need a Statista Account for unlimited access. ZIP files contain data in fixed-width TXT format. All the software and code that we write is open source and made available via GitHub under the permissive MIT license. You can unsubscribe at any time by clicking the link at the bottom of any IEA newsletter. 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. IEA, Global oil demand growth, 2011-2025, IEA, Paris https://www.iea.org/data-and-statistics/charts/global-oil-demand-growth-2011-2025, IEA. Expanded product description and database documentation. [Online]. Subscribe to feeds for updates on EIA products including Today in Energy and What's New. 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 Thank you for subscribing. The change in global production is shown in the chart. 7, 2023 Need help with your purchase ? statistic alerts) please log in with your personal account. Statista. 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 . Country aggregates for OECD Total, OECD Americas, OECD Asia Oceania, OECD Europe, IEA 30, EU27 (excluding the United Kingdom) and EU28 are also included. Extended world energy balances, Snapshot of data for a fixed period (data will not change even if updated on the site). 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. Macro-economics; Oil data: upstream; Oil data: downstream; Oil trade; Oil transportation; . "Oil production worldwide from 1998 to 2021 (in 1,000 barrels per day)." This organization seeks to actively manage oil production in its member countries by setting production targets. Business Solutions including all features. World Oil Production is at a current level of 89.88M, up from 88.49M one year ago. All-Time high in global oil demand growth, 2011-2025, IEA, Paris:... The monthly world oil production by year graph of U.S. Crude oil production amounted to 89.9 million barrels per day with shorter-term data and...: downstream ; oil transportation ;, up from 88.49M one year ago 2009 oil production is in. 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