The United States produces 14,837,640 barrels per day of oil (as of 2016) ranking 1st in the world. Global oil demand rebounded in 2021 from its Covid-induced historic decline and while demand is set to keep increasing in the immediate years, its longer-term outlook is uncertain because of challenges from alternative fuels and changing behaviour of drivers and commuters. Oil 2021 tackles these questions by analysing oil market data, trends in investment and government policies. Get full access to all features within our Business Solutions. 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. Directly accessible data for 170 industries from 50 countries and over 1 million facts: Get quick analyses with our professional research service. (June 28, 2022). Use Ask Statista Research Service. Global soybean oil production volume 2012/13-2022/23 . Maps by energy source and topic, includes forecast maps. For both 2023 and 2024, we forecast about 0.4 million b/d more production in Russia than in last month's STEO. 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 % June 28, 2022. Charts. Perceptions of a less severe recession and some improving macroeconomic conditions also likely contributed to rising crude oil prices over the past month. USD/bbl, 80.90 Even since the year 2000, production has more than doubled. This also excludes liquid fuel adjustment factors such as refinery processing gain, as well as oil shales/kerogen extracted in solid form. Access to this and all other statistics on 80,000 topics from, Show sources information January 2017 - December 2018 | 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. Text Only June 28, 2022. Get full access to all features within our Business Solutions. 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. Visit our You can unsubscribe at any time by clicking the link at the bottom of any IEA newsletter. The ideal entry-level account for individual users. Show publisher information As a Premium user you get access to background information and details about the release of this statistic. Licence: CC BY 4.0. Energy & Financial Markets: What Drives Crude Oil Prices? Greenhouse gas data, voluntary reporting, electric power plant emissions. January 2015 - December 2016 Maps, tools, and resources related to energy disruptions and infrastructure. 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. Notes: Year-to-date totals include revised monthly production estimates by state published in Petroleum Navigator. (Adobe PDF file) U.S. 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. "Oil Production Worldwide from 1998 to 2021 (in 1,000 Barrels per Day). The current level of U.S. crude oil production as of February 2022 is 11,600.00 thousand barrels per day. Table 3.6: Non-OPEC oil supply and OPEC NGLs. Statista. Oil Imports The United States imports 37% of its oil consumption (7,259,000 barrels per day in 2016). 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. Includes hydropower, solar, wind, geothermal, biomass and ethanol. Annual Oil Statistics (AOS) contains data in thousand tonnes for crude oil, NGL, and 17 petroleum products. This is an extract, full report available as PDF download. | We assume Russia will be able to reroute some of its petroleum exports subject to EU sanctions. Total U.S. Oil Production. Please do not hesitate to contact me. 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. Annual Oil Statistics (AOS) contains data in thousand tonnes for crude oil, NGL, and 17 petroleum products. The revisions result from China relaxing COVID restrictions, which have increased our forecast of oil demand growth. "Distribution of crude oil production worldwide in 2021, by leading country." Exploration and reserves, storage, imports and exports, production, prices, sales. Figures include crude oil, shale oil, oil sands, condensates and NGLs. Figure X is a graph of total U.S. oil production from 1930 through 2021. Values shown are in thousands of barrels produced per day. Data are in kilotonnes. (June 28, 2022). A 2020 peak oil scenario would place the peak production at 35 billion barrels, which was surpassed in 2018 and 2021. 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. Licenses: All visualizations, data, and articles produced by Our World in Data are open access under the Creative Commons BY license. All Tables to incorporate the statistic into your presentation at any time. 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. Regional energy information including dashboards, maps, data, and analyses. EIA's free and open data available as API, Excel add-in, bulk files, and widgets. January 2011 - December 2012 Table 3.7: World biofuel production. If you use our chart images on your site or blog, we ask that you provide attribution via a link back to this page. All the software and code that we write is open source and made available via GitHub under the permissive MIT license. Please do not hesitate to contact me. 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. ", 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. 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. 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 Graph Production Graph Imports Graph Exports Crude oil production (million barrels per day) more production data Year ago Four-week averages Year ago Week ending 02/18/22 02/17/23 02/10/23 . History of Global Oil Consumption 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 change in global production is shown in the chart. 317.99 Use this code to embed the visualisation into your website. Create a free IEA account to download our reports or subcribe to a paid service. 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. IEA, World crude oil production by region, 1971-2019, IEA, Paris https://www.iea.org/data-and-statistics/charts/world-crude-oil-production-by-region-1971-2019, IEA. 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%). Profit from the additional features of your individual account. 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). OECD (2022), Crude oil production (indicator). Thank you for subscribing. Historically, crude oil prices have seen increases in times when OPEC production targets are reduced. Accessed March 01, 2023. https://www.statista.com/statistics/236605/share-of-global-crude-oil-production-of-the-top-15-oil-producing-countries/, BP. Distribution of crude oil production worldwide in 2021, by leading country [Graph]. You only have access to basic statistics. Next Release Date: Mar. The United States produces every year an amount equivalent to 15.4% of its total proven reserves (as of 2016). Thank you for subscribing. Non-OECD Asia excludes China. 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. You need at least a Starter Account to use this feature. We see that global energy consumption has increased nearly every year for more than half a century. 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. Interactive visualization requires JavaScript. In the chart here we see the change in global soybean production from 1961 onwards. Business Solutions including all features. Global production today is more than 13 times higher than it was in the early 1960s. ZIP files contain data in fixed-width TXT format. 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. Published by Statista Research Department , Jan 31, 2023 Global oil production amounted to 89.9 million barrels per day in 2021. Real Prices Viewer , Energy Price Volatility and Forecast Uncertainty documentation Unsurprisingly, these countries are also some of the world's largest oil. Monthly and yearly energy forecasts, analysis of energy topics, financial analysis, congressional reports. All Figures. 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. ", BP, Oil production worldwide from 1998 to 2021 (in 1,000 barrels per day) Statista, https://www.statista.com/statistics/265203/global-oil-production-since-in-barrels-per-day/ (last visited March 01, 2023), Oil production worldwide from 1998 to 2021 (in 1,000 barrels per day) [Graph], BP, June 28, 2022. This statistic is not included in your account. Organisation for Economic Co-operation and Development (OECD), Source: 1 Back in the 1960s, we were producing 20 to 30 million tonnes per year. 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. Are you interested in testing our business solutions? Learn more about how Statista can support your business. Some major series for oil demand and supply for the world and regional aggregates are also included up to 2021 based on preliminary data. Figure X *Data from the U.S. DOE/EIA. Learn more about how Statista can support your business. Register in seconds and access exclusive features. Create a free IEA account to download our reports or subcribe to a paid service. Compared with shorter-term data, the full-year figures are less prone to distortion from periodic maintenance shutdowns and other seasonal cycles. To use individual functions (e.g., mark statistics as favourites, set 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 In, BP. Backlinks from other websites are the lifeblood of our site and a primary source of new traffic. statistic alerts) please log in with your personal account. Crude oil production quantities are estimated by state and summed to the PADD and the U.S. level. 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). The production volume of vegetable oil in the 2021/22 crop year exceeded 200 million metric tons worldwide. 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 . USD/bbl. "Distribution of Crude Oil Production Worldwide in 2021, by Leading Country. Oil production as of February 2022 is 11,600.00 thousand barrels per day, wind,,! `` Distribution of crude oil production amounted to 89.9 million barrels per day thousands barrels. 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