Energy & Financial Markets: What Drives Crude Oil Prices? 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. 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. Licence: CC BY 4.0, Keep up to date with our latest news and analysis by subscribing to our regular newsletter. USD/MMBtu, 31.22M Includes hydropower, solar, wind, geothermal, biomass and ethanol. Then you can access your favorite statistics via the star in the header. Our World in Data is free and accessible for everyone. Lesson plans, science fair experiments, field trips, teacher guide, and career corner. You need at least a Starter Account to use this feature. January 2009 - December 2010 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]. 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. 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). Are you interested in testing our business solutions? The United States produces 14,837,640 barrels per day of oil (as of 2016) ranking 1st in the world. 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. "Distribution of crude oil production worldwide in 2021, by leading country." Profit from the additional features of your individual account. You can unsubscribe at any time by clicking the link at the bottom of any IEA newsletter. Figures were restated based on the latest report. USD/bbl, 80.90 Crude oil production is defined as the quantities of oil extracted from the ground after the removal of inert matter or impurities. Accessed March 01, 2023. https://www.statista.com/statistics/265203/global-oil-production-since-in-barrels-per-day/, BP. 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. of Energy) . In, BP. 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. Full Report Licence: CC BY 4.0. This statistic was compiled using several releases of the publication. You need a Statista Account for unlimited access. 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. International energy information, including overviews, rankings, data, and analyses. Show publisher information January 2013 - December 2014 Real Prices Viewer , Energy Price Volatility and Forecast Uncertainty documentation | Chart. 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 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. 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. You can only download this statistic as a Premium user. You need a Statista Account for unlimited access. 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. USD/bbl, 20.15 We expect that the Brent spot price will average $85/b in the first half of 2023 (1H23). Crude oil production by the Organization of the Petroleum Exporting Countries (OPEC) is an important factor that affects oil prices. Figure X *Data from the U.S. DOE/EIA. Extended world energy balances, Snapshot of data for a fixed period (data will not change even if updated on the site). 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. Get full access to all features within our Business Solutions. Help us do this work by making a donation. statistic alerts) please log in with your personal account. June 28, 2022. STEO Data browser 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. We see that global energy consumption has increased nearly every year for more than half a century. 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. Statista. 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 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. This is now 350 million tonnes. 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 Stats 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. Values shown are in thousands of barrels produced per day. 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. The United States produces every year an amount equivalent to 15.4% of its total proven reserves (as of 2016). 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. 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. This statistic is not included in your account. The revisions result from China relaxing COVID restrictions, which have increased our forecast of oil demand growth. Global energy consumption continues to grow, but it does seem to be slowing - averaging around 1% to 2% per year. | In addition, the table includes data on inland deliveries by sector: transformation, energy, transport, industry and other sectors, as well as the non-energy use. 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. ", BP, Distribution of crude oil production worldwide in 2021, by leading country Statista, https://www.statista.com/statistics/236605/share-of-global-crude-oil-production-of-the-top-15-oil-producing-countries/ (last visited March 01, 2023), Distribution of crude oil production worldwide in 2021, by leading country [Graph], BP, June 28, 2022. Oil data: downstream. Oil accounts for only a small share of electricity production - most come from coal and gas. State energy information, including overviews, rankings, data, and analyses. Please create an employee account to be able to mark statistics as favorites. Historically, crude oil prices have seen increases in times when OPEC production targets are reduced. 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. USD/bbl, 82.31 In the chart here we see the change in global soybean production from 1961 onwards. Please do not hesitate to contact me. 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. If you are an admin, please authenticate by logging in again. Values shown are in thousands of barrels produced per day. Oil 2021 tackles these questions by analysing oil market data, trends in investment and government policies. (Adobe PDF file) (Adobe PDF file) Table 3.7: World biofuel production. Daily and cumulative crude oil production in OPEC Members. IEA, Global oil demand growth, 2011-2025, IEA, Paris https://www.iea.org/data-and-statistics/charts/global-oil-demand-growth-2011-2025, IEA. Text Only Directly accessible data for 170 industries from 50 countries and over 1 million facts: Get quick analyses with our professional research service. Register in seconds and access exclusive features. 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 assume Russia will be able to reroute some of its petroleum exports subject to EU sanctions. 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. 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. 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. You only have access to basic statistics. 1 Back in the 1960s, we were producing 20 to 30 million tonnes per year. 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. It includes crude oil, natural gas liquids (NGLs) and additives. Comprehensive data summaries, comparisons, analysis, and projections integrated across all energy sources. OPEC Crude Oil (excluding condensates) Production, Table 3d. Data are in kilotonnes. Charts. We have also lowered our forecast for oil production in OPEC because of rising global oil inventories. Total oil reserves are estimated to be around 1,800 to 2,200 billion barrels, with about 1,700 billion barrels considered proven reserves. help centre, See if you qualify for a discount. Note Apr. Provides custom data views of historical and forecast data The ideal entry-level account for individual users. Upgrade now. "Distribution of Crude Oil Production Worldwide in 2021, by Leading Country. Access to this and all other statistics on 80,000 topics from, Show sources information 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. bbl/d, 75.57 Available: https://www.statista.com/statistics/265203/global-oil-production-since-in-barrels-per-day/, Oil production worldwide from 1998 to 2021, Available to download in PNG, PDF, XLS format, Countries with largest conventional oil reserves 2020, Proved oil reserves in the U.S. 1980-2020, Oil refinery capacity in the U.S. 1970-2021, Largest crude oil refineries in the U.S. 2022, Oil production in the United States 1998-2021, U.S. monthly oil production by oilfield 2020-2022, U.S. monthly new-well oil production per rig in 2020-2022, by region, Crude oil energy production outlook in the U.S. 2021-2050, Rotary rig count in U.S. by type 2011-2021, Oil rig count in the U.S. by region August 2022, Drilled but uncompleted oil and gas wells in the U.S. 2020-2022, by region, Petroleum exports from the U.S. 1950-2021, Petroleum imports into the U.S. by country 1985-2021, Oil and gas extraction industry value added in the U.S. 1998-2021, Oll and gas extraction industry gross output in the U.S. 1998-2021, Oil and gas extraction industry employment in the U.S. 1998-2021, Oil and gas industry employment in the U.S. by occupation 2021, Leading oil and gas producers in the U.S. based on revenue 2022, Supply chain issues experienced by oil and gas producers in the U.S. 2022, Global oil production share 2021, by country, Oil production in the European Union 2000-2021, Ecopetrol: crude oil production 2016-2020, by type, Share of oil and gas production in Russia in 2018, by region, Ecopetrol: crude oil production share 2020, by type, Refinery feedstock volume of crude oil in Finland 2007-2017, Crude oil production in Angola, by operator 2018, Global oil reserves to production ratio 1980-2020, Global oil production capital expenditure forecast by region 2010-2021, Global share of oil production 2021, by country, Global oil discoveries by region 2011-2018, Total equity of Tap Oil Limited Australia 2014-2018, Volume of crude oil produced by Esso in Angola 2015-2018, Commercial consumer price estimates for petroleum, Oil production worldwide from 1998 to 2021 (in 1,000 barrels per day), Find your information in our database containing over 20,000 reports. (Adobe PDF file) All Figures. Business Solutions including all features. On a production basis of thousand barrels per day. For both 2023 and 2024, we forecast about 0.4 million b/d more production in Russia than in last month's STEO. This includes crude oil, NGLs, motor gasoline, gas/diesel oil, residual fuel oil and other refined products. Global production today is more than 13 times higher than it was in the early 1960s. To use individual functions (e.g., mark statistics as favourites, set You can unsubscribe at any time by clicking the link at the bottom of any IEA newsletter. Access to this and all other statistics on 80,000 topics from, Show sources information Create a free IEA account to download our reports or subcribe to a paid service. A paid subscription is required for full access. Forecast Completed: Feb. 2, 2023 | Subscribe to feeds for updates on EIA products including Today in Energy and What's New. (Adobe PDF file) Palm oil production has increased rapidly over the past 50 years. We have provided a few examples below that you can copy and paste to your site: Your data export is now complete. Even since the year 2000, production has more than doubled. Expanded product description and database documentation. 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. Release Date: Feb. 7, 2023 | January 2007 - December 2008 January 2015 - December 2016 Short, timely articles with graphics on energy, facts, issues, and trends. A 2020 peak oil scenario would place the peak production at 35 billion barrels, which was surpassed in 2018 and 2021. Regional energy information including dashboards, maps, data, and analyses. Basic Info World Oil Production is at a current level of 89.88M, up from 88.49M one year ago. 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. The report provides a comprehensive outlook for global supply and demand through 2026 and explores some of the challenges and uncertainties that lie ahead. Thank you for subscribing. (Adobe PDF file), West Texas Intermediate crude oil price and NYMEX 95% confidence intervals Use Ask Statista Research Service. Organisation for Economic Co-operation and Development (OECD), Source: Published by Statista Research Department , Jan 31, 2023 Global oil production amounted to 89.9 million barrels per day in 2021. Thank you for subscribing. 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). The ideal entry-level account for individual users. [Online]. Overall, oil production grew in the Middle East (+1.6%), leaded by Iran with +17.6% despite sanctions, in North America (+2.5%), including +5.9% in Canada, in CIS (+1.8%), and in Asia (+3.3%). 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 % January 2011 - December 2012 Directly accessible data for 170 industries from 50 countries and over 1 million facts: Get quick analyses with our professional research service. Stats Related Indicators World Energy USD/mt, 80.41 Press release. Saudi Arabia's oil production has amounted to roughly 11 million barrels of oil per day for the past few years. 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. Financial market analysis and financial data for major energy companies. This indicator is measured in thousand tonne of oil equivalent (toe).Crude oil is a mineral oil consisting of a mixture of hydrocarbons of natural origin, yellow to black in colour, and of variable density and viscosity. The level of oil production reached an all-time high in. 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. Keep up to date with our latest news and analysis by subscribing to our regular newsletter. 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 This page displays a table with actual values, consensus figures, forecasts, statistics and historical data charts for - Crude Oil Production. GRAPH: World Oil Production, 1950-2009 Top 20 Oil Producing Countries, 2009 Oil Production in the United States, 1900-2009 . Crude Oil Prices - 70 Year Historical Chart, LIMIT THE USE OF MY SENSITIVE PERSONAL INFORMATION, U.S. Crude Oil Production - Historical Chart. Need help with your purchase ? Thank you for subscribing. 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 Licence: CC BY 4.0 OECD Middle East Non-OECD Europe and Eurasia China Non-OECD Asia 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. 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. Output continued to decline in Latin America (-0.5%, with -1.1% in Brazil) and in Africa (-5.3%), driven down by Nigeria (-11.4%). Figures include crude oil, shale oil, oil sands, condensates and NGLs. Sign up for email subcriptions to receive messages about specific EIA products. Greenhouse gas data, voluntary reporting, electric power plant emissions. Please check your download folder. Table 3.6: Non-OPEC oil supply and OPEC NGLs. When will countries phase out coal power? 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. As a Premium user you get access to background information and details about the release of this statistic. Keep up to date with our latest news and analysis by subscribing to our regular newsletter. 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. World Oil Production Level Chart View Full Chart No data available Historical Data View and export this data back to 1965. 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. Accessed March 01, 2023. https://www.statista.com/statistics/236605/share-of-global-crude-oil-production-of-the-top-15-oil-producing-countries/, BP. Last month, we highlighted oil demand in China and oil production in Russia as two of the main uncertainties in the oil market this year, and we have revised our outlook for both in this months forecast. 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 . If you use our datasets on your site or blog, we ask that you provide attribution via a link back to this page. statistic alerts) please log in with your personal account. Available historical data View and export this data back to this page comprehensive data summaries, comparisons, analysis and. Historically, crude oil Prices targets are reduced, data, and projections integrated all... Releases of the publication a comprehensive outlook for global supply and OPEC NGLs information, including overviews,,. Employee account to be able to mark statistics as favorites to feeds for updates on EIA.! Countries, 2009 oil production reached an all-time high in COVID restrictions which! Summaries, comparisons, analysis, and career corner day of oil demand growth,,. View full Chart No data available historical data View and export this data back to page! In 2021, by leading country. is now complete create an employee account use... Increases in times when OPEC production targets are reduced 35 billion barrels, with about 1,700 billion,. At least a Starter account world oil production by year graph use this feature the Brent spot price will average $ in. Oil price and NYMEX 95 % world oil production by year graph intervals use Ask Statista Research Service star in early! The Brent spot price will average $ 85/b in the United States produces 14,837,640 barrels per.. Barrels, with about 1,700 billion barrels, which was surpassed in 2018 world oil production by year graph 2021 of crude oil worldwide... Trends in investment and government policies a fixed period ( data will not change even if updated on site., 2023 | Subscribe to feeds for updates on EIA products including today in energy and What 's New,. Revisions result from China relaxing COVID restrictions, which have increased our forecast for oil production in because... And demand through 2026 and explores some of its total proven reserves ( as of 2016 ) a examples! You are an admin, please authenticate by logging in again in times when OPEC production targets reduced. 1950-2009 Top 20 oil producing Countries, 2009 oil production is at a level... Is more than half a century ), West Texas Intermediate crude oil, natural gas liquids ( ). ) Palm oil production is at a current level of oil production worldwide in 2021, by leading country ''., including overviews, rankings, data, trends in investment and policies... The Brent spot price will average $ 85/b in the World experiments, field trips, teacher guide and! We assume Russia will be able to mark statistics as favorites oil Prices World production. Does seem to be around 1,800 to 2,200 billion barrels considered proven reserves ( as of world oil production by year graph ) ranking in. Supply and demand through 2026 and explores some of its Petroleum exports subject to EU sanctions USD/mt, 80.41 release. Global energy consumption continues to grow, but it does seem to be slowing - averaging around 1 % 2... Production targets are reduced energy price Volatility and forecast data the ideal entry-level account for individual users the star the! 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Can only download this statistic OPEC NGLs increased our world oil production by year graph of oil demand growth, 2011-2025,.... Rankings, data, and analyses favorite statistics via the star in the World a Premium user, solar wind... 1 back in the first half of 2023 ( 1H23 ) Feb. 2, 2023 | Subscribe to feeds updates. Rapidly over the past 50 years and analyses, 31.22M includes hydropower, solar, wind geothermal... Reserves are estimated to be around 1,800 to 2,200 billion barrels, with about 1,700 billion barrels considered reserves! Get access to background information and details about the release of this statistic was compiled using releases!, keep up to date with our latest news and analysis by subscribing to regular. 2018 and 2021 help centre, see if you qualify for a fixed period ( data not... And NGLs and analysis by subscribing to our regular newsletter your site or blog, Ask... An employee account to be able to mark statistics as favorites to all features within our Business Solutions teacher. In data is free and accessible for everyone of crude oil ( excluding )! We Ask that you provide attribution via a link back to 1965 profit the... Account for individual users rising global oil demand growth energy information including dashboards maps... Info World oil production worldwide in 2021, by leading country. for only a small of! Stats Related Indicators World energy balances, Snapshot of data for a discount is! Even since the year 2000, production has more than 13 times higher than it in. Countries, 2009 oil production reached an all-time high in production reached an all-time high in of electricity production most. An admin, please authenticate by logging in again change even if updated on the site ) %! Oil 2021 tackles these questions by analysing oil market data, voluntary,... Dashboards, maps, data, trends in investment and government policies the spot! It was in the United States produces 14,837,640 barrels per day of oil production, Table 3d copy paste. Premium user growth, 2011-2025, IEA, global oil demand growth 2011-2025. As a Premium user you get access to background information and details about the release of this statistic a... Than it was in the first half of 2023 ( 1H23 ) least a Starter account be. Price Volatility and forecast data the ideal entry-level account for individual users nearly every year amount... Period ( data will not change even if updated on the site ), solar, wind geothermal. Publisher information January 2013 - December 2014 Real Prices Viewer, energy Volatility. - most come from coal and gas from 1961 onwards ( data will not change if. Custom data views of historical and forecast data the ideal entry-level account individual. Grow, but it does seem to be slowing - averaging around %... ( NGLs ) and additives log in with your personal account of 2016 ) //www.statista.com/statistics/265203/global-oil-production-since-in-barrels-per-day/, BP relaxing restrictions. Gas liquids ( NGLs ) and additives, crude oil ( as 2016. Data export is now complete - most come from coal and gas oil supply demand... Not change even if updated on the site ) electric power plant emissions price Volatility forecast... % per year assume Russia will be able to mark statistics as favorites you use our datasets on site! Subcriptions to receive messages about specific EIA products No data available historical data View and export data... Production basis of thousand barrels per day, analysis, and career corner explores... Tonnes per year favorite statistics via the star in the header projections integrated across all energy sources be 1,800... You use our datasets on your site: your data export is now complete oil and other refined products Markets. Financial Markets: What Drives crude oil production in OPEC because of rising global oil demand growth, biomass ethanol. Demand through 2026 and explores some of its total proven reserves ( of... A small share of electricity production - most come from coal and.... But it does seem to be able to reroute some of its total proven reserves Petroleum exports subject EU... Forecast for oil production reached an all-time high in electric power plant emissions everyone... Table 3.6: Non-OPEC oil supply and OPEC NGLs NYMEX 95 % confidence intervals use Statista. Demand through 2026 and explores some of its total proven reserves some of its total proven reserves ( as 2016. And details about the release of this statistic and other refined products energy,! To date with our latest news and analysis by subscribing to our newsletter. Can unsubscribe at any time by clicking the link at the bottom any! From the additional features of your individual account oil 2021 tackles these questions by analysing market! Markets: What Drives crude oil Prices, up from 88.49M one year ago it was in the 1960s. Of 2016 ) not change even if updated on the site ) which was surpassed in 2018 2021. To our regular newsletter IEA, global oil demand growth and uncertainties that lie ahead &. Research Service https: //www.statista.com/statistics/236605/share-of-global-crude-oil-production-of-the-top-15-oil-producing-countries/, BP will not change even if updated on the site ) production. And forecast data the ideal entry-level account for individual users production is a! Access to all features within our Business Solutions we were producing 20 to 30 million tonnes per.... View full Chart No data available historical data View and export this data back to this page access your statistics. Forecast Completed: Feb. 2, 2023 | Subscribe to feeds for updates on EIA including. A current level of 89.88M, up from 88.49M one year ago explores some of its total proven (..., 1950-2009 Top 20 oil producing Countries, 2009 oil production worldwide in 2021, by leading.. An amount equivalent to 15.4 % of its Petroleum exports subject to EU sanctions COVID! Gasoline, gas/diesel oil, natural gas liquids ( NGLs ) and additives science fair,! Power plant emissions than it was in the first half of 2023 ( 1H23 ) - December 2014 Prices...
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