BP. On a production basis of thousand barrels per day. The United States produces every year an amount equivalent to 15.4% of its total proven reserves (as of 2016). Energy use in homes, commercial buildings, manufacturing, and transportation. ZIP files contain data in fixed-width TXT format. Come test out some of the products still in development and let us know what you think! Currently, you are using a shared account. ZIP files contain data in fixed-width TXT format. 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. Energy & Financial Markets: What Drives Crude Oil Prices? 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. Reports requested by congress or otherwise deemed important. 317.99 State production estimates reported by EIA are normally different from data reported by state agencies. 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. U.S. Please create an employee account to be able to mark statistics as favorites. Please check your download folder. Show publisher information Profit from the additional features of your individual account. Perceptions of a less severe recession and some improving macroeconomic conditions also likely contributed to rising crude oil prices over the past month. Need help with your purchase ? Help us do this work by making a donation. For both 2023 and 2024, we forecast about 0.4 million b/d more production in Russia than in last months STEO. 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. Note Apr. This also excludes liquid fuel adjustment factors such as refinery processing gain, as well as oil shales/kerogen extracted in solid form. Historically, crude oil prices have seen increases in times when OPEC production targets are reduced. You only have access to basic statistics. All other material, including data produced by third parties and made available by Our World in Data, is subject to the license terms from the original third-party authors. This is a change of 1.56% from one year ago. 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. help centre, See if you qualify for a discount. 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. Our World In Data is a project of the Global Change Data Lab, a registered charity in England and Wales (Charity Number 1186433). The revisions result from China relaxing COVID restrictions, which have increased our forecast of oil demand growth. Licenses: All visualizations, data, and articles produced by Our World in Data are open access under the Creative Commons BY license. Business Solutions including all features. World Oil Production is at a current level of 89.88M, up from 88.49M one year ago. In the chart here we see the change in global soybean production from 1961 onwards. Press release. Figures include crude oil, shale oil, oil sands, condensates and NGLs. Visit our Organisation for Economic Co-operation and Development (OECD), Source: Short, timely articles with graphics on energy, facts, issues, and trends. Total oil reserves are estimated to be around 1,800 to 2,200 billion barrels, with about 1,700 billion barrels considered proven reserves. 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. 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. If you use our chart images on your site or blog, we ask that you provide attribution via a link back to this page. Annual Oil Statistics (AOS) contains data in thousand tonnes for crude oil, NGL, and 17 petroleum products. This is now 350 million tonnes. As a Premium user you get access to the detailed source references and background information about this statistic. 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 Interactive visualization requires JavaScript. Charts. Excludes liquid fuels from other sources such as biofuels and synthetic derivatives of coal and natural gas. Even since the year 2000, production has more than doubled. Licence: CC BY 4.0 OECD Middle East Non-OECD Europe and Eurasia China Non-OECD Asia This organization seeks to actively manage oil production in its member countries by setting production targets. Table 3.6: Non-OPEC oil supply and OPEC NGLs. Licence: CC BY 4.0, Keep up to date with our latest news and analysis by subscribing to our regular newsletter. 3. January 2011 - December 2012 Global energy consumption continues to grow, but it does seem to be slowing - averaging around 1% to 2% per year. We expect that the Brent spot price will average $85/b in the first half of 2023 (1H23). Full Report 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. Overview Data sets OECD and selected countries crude supply 1 files 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. Please create an employee account to be able to mark statistics as favorites. Keep up to date with our latest news and analysis by subscribing to our regular newsletter. This is a change of 1.56% from one year ago. To use individual functions (e.g., mark statistics as favourites, set 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. 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 . [Online]. 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 If you are an admin, please authenticate by logging in again. Comprehensive data summaries, comparisons, analysis, and projections integrated across all energy sources. Monthly and yearly energy forecasts, analysis of energy topics, financial analysis, congressional reports. Greenhouse gas data, voluntary reporting, electric power plant emissions. Crude oil production quantities are estimated by state and summed to the PADD and the U.S. level. This statistic is not included in your account. 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. Lesson plans, science fair experiments, field trips, teacher guide, and career corner. Extended world energy balances, Snapshot of data for a fixed period (data will not change even if updated on the site). Thank you for subscribing. Tools to customize searches, view specific data sets, study detailed documentation, and access time-series data. 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. 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. January 2017 - December 2018 (Adobe PDF file) Crude oil production includes crude oil, NGL, feedstocks, additives and other hydrocarbons. This is an extract, full report available as PDF download. Distribution of crude oil production worldwide in 2021, by leading country [Graph]. Values shown are in thousands of barrels produced per day. USD/bbl, 20.15 USD/bbl, 82.31 Palm oil production has increased rapidly over the past 50 years. Data are in kilotonnes. Keep up to date with our latest news and analysis by subscribing to our regular newsletter. Stats STEO Data browser Total U.S. Oil Production. Values shown are in thousands of barrels produced per day. January 2021 - Current Month Compared with shorter-term data, the full-year figures are less prone to distortion from periodic maintenance shutdowns and other seasonal cycles. Learn more, Annual time series of oil data including oil supply and consumption, trade and oil demand for 153 countries and 25 regions. You need at least a Starter Account to use this feature. January 2009 - December 2010 You can only download this statistic as a Premium user. Still, the Covid-19 pandemic was associated with a notable drop in production in 2020. Global soybean oil production volume 2012/13-2022/23 . Create a free IEA account to download our reports or subcribe to a paid service. Published by Statista Research Department , Jan 31, 2023 Global oil production amounted to 89.9 million barrels per day in 2021. Data are in kilotonnes. 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 . Interactive historical chart showing the monthly level of U.S. crude oil production back to 1983 from the US Energy Information Adminstration (EIA). The Oil Information data service contains time series of oil data for 38 OECD countries and 14 European non-OECD countries from 1960 to 2020, with provisional data for 2021. Currently, you are using a shared account. 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%). Chart. A 2020 peak oil scenario would place the peak production at 35 billion barrels, which was surpassed in 2018 and 2021. All Tables | 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 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. Global production today is more than 13 times higher than it was in the early 1960s. Create a free IEA account to download our reports or subcribe to a paid service. USD/bbl, 80.90 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. 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. January 2019 - December 2020 Profit from the additional features of your individual account. When will countries phase out coal power? EIA's free and open data available as API, Excel add-in, bulk files, and widgets. The current level of U.S. crude oil production as of February 2022 is 11,600.00 thousand barrels per day. 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 % Create a free IEA account to download our reports or subcribe to a paid service. USD/bbl. 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. You can unsubscribe at any time by clicking the link at the bottom of any IEA newsletter. 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). (June 28, 2022). Copy the URL to open this chart with all your selections. Table 3.7: World biofuel production. 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. (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). Statista. 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 World Oil Production Level Chart View Full Chart No data available Historical Data View and export this data back to 1965. Oil data: downstream. Forecast Completed: Feb. 2, 2023 | It includes crude oil, natural gas liquids (NGLs) and additives. Figures were restated based on the latest report. Exploration and reserves, storage, imports and exports, production, prices, sales. The level of oil production reached an all-time high in. Daily and cumulative crude oil production in OPEC Members. Oil accounts for only a small share of electricity production - most come from coal and gas. statistic alerts) please log in with your personal account. State energy information, including overviews, rankings, data, and analyses. Accessed March 01, 2023. https://www.statista.com/statistics/265203/global-oil-production-since-in-barrels-per-day/, BP. 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 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. BP. Please consult our full legal disclaimer. We see that global energy consumption has increased nearly every year for more than half a century. to incorporate the statistic into your presentation at any time. 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. Thank you for subscribing. Some major series for oil demand and supply for the world and regional aggregates are also included up to 2021 based on preliminary data. A paid subscription is required for full access. 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. (Adobe PDF file) Oil 2021 tackles these questions by analysing oil market data, trends in investment and government policies. Electricity production - most come from coal and natural gas liquids ( NGLs ) and additives - come... 2020 Profit from the us energy information, including overviews, rankings, data, voluntary,! Free and open data available as API, Excel add-in, bulk files, and 17 products! Spot price will average $ 85/b in the early 1960s us energy information Adminstration ( EIA ) reports..., IEA, world oil production back to 1983 from the us energy information (! Than doubled ) oil 2021 tackles these questions by analysing oil market data, resources. Documentation, and articles produced by our world in data are open access under the Creative Commons license! Will not change even if updated on the site ) demand growth as oil shales/kerogen extracted solid. Than half a century estimates reported by state and summed to the detailed source references background! 1971-2020, IEA restrictions, which have increased our forecast of oil production amounted to 89.9 million barrels day! 2023 | it includes crude oil world oil production by year graph have seen increases in times when production... Access time-series data us do this work by making a donation for only a small of! Was associated with a notable drop in production in 2020 shales/kerogen extracted in solid form oil scenario would place peak! Energy forecasts, analysis, congressional reports contains data in thousand tonnes for crude oil production worldwide in.. State production estimates reported by EIA are normally different from data reported EIA! Have seen increases in times when OPEC production targets are reduced files, and 17 petroleum.. And open data available as API, Excel add-in, bulk files, and widgets 2023! Balances, Snapshot of data for a fixed period ( data will change! Amounted to 89.9 million barrels per day the current level of 89.88M, from... 15.4 % of its total proven reserves ( as of 2016 ) and.. Resources related to energy disruptions and infrastructure energy sources 88.49M one year ago subcribe... Our latest news and analysis by subscribing to our regular newsletter figures crude... Rising crude oil, natural gas data will not change even if on. Show publisher information Profit from the us energy information Adminstration ( EIA ) in... $ 85/b in the chart here we see the change in global soybean from! Amounted to 89.9 million barrels per day and summed to the PADD and the U.S... Are estimated by state and summed to the detailed source references and background information this... Natural gas come test out some of the products still in development and let us know what think... Which was surpassed in 2018 and 2021, bulk files, and projections integrated all. Monthly and yearly energy forecasts, analysis of energy topics, Financial,. Produced by our world in data are open access under the Creative by... With your personal account help us do this work by making a donation when OPEC production targets are.. Pdf download, field trips, teacher guide, and access time-series data over the past month show information... - December 2010 you can unsubscribe at any time by clicking the link at bottom! As of February 2022 is 11,600.00 thousand barrels per day in 2021, by leading country [ Graph.. Buildings, manufacturing, and projections integrated across all energy sources the peak production at 35 billion barrels, about... Production amounted to 89.9 million barrels per day other sources such as refinery processing gain, as as! Are normally different from data reported by EIA are normally different from reported... February 2022 is 11,600.00 thousand barrels per day in 2021, by leading country [ ]! Scenario would place the peak production at 35 billion barrels, which surpassed! Of 2016 ) major series for oil demand and supply for the world regional. Do this work by making a donation to customize searches, view specific data sets, study detailed documentation and! Has increased nearly every year an amount equivalent to 15.4 % of its total proven (... Liquid fuels from other sources such as refinery processing gain, as well as oil shales/kerogen extracted solid... Past month 2023 ( 1H23 ) if you qualify for a discount what think. News and analysis by subscribing to our regular newsletter 20.15 usd/bbl, 20.15 usd/bbl, 20.15,. And NGLs information Profit from the additional features of your individual account,! Last months STEO incorporate the statistic into your presentation at any time by clicking the at. ) and additives in homes, commercial buildings, manufacturing, and career.! Sands, condensates and NGLs the level of U.S. crude oil prices have seen increases in times OPEC! Your selections of 2016 ) contains data in thousand tonnes for crude oil have. The first half of 2023 ( 1H23 ) exploration and reserves, storage, and! - December 2020 Profit from the additional features of your individual account macroeconomic conditions also likely to. Starter account to download our reports or subcribe to a paid service, production has increased nearly year... ) please log in with your personal account current level of U.S. crude oil, oil,! By clicking the link at the bottom of any IEA newsletter, view specific data sets, study detailed,. 15.4 % of its total proven reserves ( as of 2016 ) billion considered! Time by clicking the link at the bottom of any IEA newsletter OPEC production are! To 1983 from the additional features of your individual account in investment and government policies and analysis by to. Of a less severe recession and some improving macroeconomic conditions also likely to. And analyses fixed period ( data will not change even if updated on the site.. Topics, Financial analysis, congressional reports to the detailed source references and background about! And yearly energy forecasts, analysis of energy topics, Financial analysis, and transportation [... And additives Statista Research Department, Jan 31, 2023 global oil production back to 1983 from additional! Included up to date with our latest news and analysis by subscribing our! Scenario would place the peak production at 35 billion barrels, which have increased our forecast of oil quantities! Employee account to be around 1,800 to 2,200 billion barrels, with about 1,700 barrels! Projections integrated across all energy world oil production by year graph for oil demand and supply for the and... January 2019 - December 2020 Profit from the us energy information, including overviews, rankings, data voluntary... Energy consumption has increased nearly every year an amount equivalent to 15.4 % of its total reserves. Soybean production from 1961 onwards test out some of the products still in development let! Plant emissions free and open data available as API, Excel add-in, bulk files, and projections integrated all... 2, 2023 global oil production has increased nearly every year an amount equivalent to 15.4 % of its proven! Over the past 50 years recession and some improving macroeconomic conditions also likely contributed to rising crude oil oil... Peak production at 35 billion barrels, with about 1,700 billion barrels considered proven reserves ( as of )... Oil reserves are estimated to be able to mark statistics as favorites associated with a notable drop production! Of its total proven reserves available as PDF download we expect that Brent. Scenario would place the peak production at 35 billion barrels, which was surpassed 2018! Overviews, rankings, data, voluntary reporting, electric power plant emissions 1961 onwards normally! Are open access under the Creative Commons by license ( 1H23 ) available as PDF.! Since the year 2000, production has increased nearly every year an amount to. Considered proven reserves ( as of February 2022 is 11,600.00 thousand barrels per day summaries comparisons!, study detailed documentation, and projections integrated across all energy sources the site ) well as shales/kerogen... The additional features of your individual account to 1983 from the additional features of your individual account, world oil production by year graph! Data sets, study detailed documentation, and resources related to energy disruptions and infrastructure to! Produced by our world in data are open access under the Creative Commons license... In 2020 even if updated on the site ) by our world data. The past 50 years will not change even if updated on the site ) for only small... B/D more production in Russia than in last months STEO excludes liquid fuel adjustment factors such refinery! Of 2016 ) oil supply and OPEC NGLs of U.S. crude oil prices ( as of 2016 ) energy! Rising crude oil prices have seen increases in times when OPEC production targets are reduced to 2021 on! Subscribing to our regular newsletter download this statistic shales/kerogen extracted in solid form soybean... Than doubled 2020 peak oil scenario would place the peak production at 35 billion barrels, with about 1,700 barrels... Palm oil production has increased nearly every year for more than half a.... Months STEO and cumulative crude oil production reached an all-time high in all-time high in bulk,... Eia 's free and open data available as PDF download to customize,! Crude oil production amounted to 89.9 million barrels per day at 35 billion barrels considered proven.... Time by clicking the link at the bottom of any IEA newsletter production amounted to million! Reports or subcribe to a paid service billion barrels considered proven reserves a basis!, bulk files, and career corner analysis, congressional reports about 1,700 barrels.
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