Directly accessible data for 170 industries from 50 countries and over 1 million facts: Get quick analyses with our professional research service. To use individual functions (e.g., mark statistics as favourites, set Some major series for oil demand and supply for the world and regional aggregates are also included up to 2021 based on preliminary data. We have also lowered our forecast for oil production in OPEC because of rising global oil inventories. This is a change of 1.56% from one year ago. Expanded product description and database documentation. Values shown are in thousands of barrels produced per day. Access to this and all other statistics on 80,000 topics from, Show sources information Energy use in homes, commercial buildings, manufacturing, and transportation. Uranium fuel, nuclear reactors, generation, spent fuel. Show publisher information All the software and code that we write is open source and made available via GitHub under the permissive MIT license. ", 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. (Adobe PDF file), West Texas Intermediate crude oil price and NYMEX 95% confidence intervals Data are in kilotonnes. Chart. 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. Provides custom data views of historical and forecast data Includes hydropower, solar, wind, geothermal, biomass and ethanol. You can unsubscribe at any time by clicking the link at the bottom of any IEA newsletter. 317.99 (Adobe PDF file) U.S. Crude Oil Production, Imports, Exports, Stocks, Supply, Prices, Data and Analysis from Energy Information Administration (U.S. Dept. 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. State production estimates reported by EIA are normally different from data reported by state agencies. We expect that the Brent spot price will average $85/b in the first half of 2023 (1H23). This is a change of 1.56% from one year ago. You can unsubscribe at any time by clicking the link at the bottom of any IEA newsletter. We have provided a few examples below that you can copy and paste to your site: Your data export is now complete. This is a change of 0.39% from last month and 5.06% from one year ago. Figure X is a graph of total U.S. oil production from 1930 through 2021. Palm oil production has increased rapidly over the past 50 years. 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 . If you are an admin, please authenticate by logging in again. Values shown are in thousands of barrels produced per day. 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. Reserves, production, prices, employment and productivity, distribution, stocks, imports and exports. 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. Extended world energy balances, Snapshot of data for a fixed period (data will not change even if updated on the site). The current level of U.S. crude oil production as of February 2022 is 11,600.00 thousand barrels per day. bbl/d, 75.57 Some major series for oil demand and supply for the world and regional aggregates are also included up to 2021 based on preliminary data. Stats Oil data: downstream. The world consumes 35,442,913,090 barrels of oil as of the year 2016, equivalent to 97,103,871 barrels per day. Organisation for Economic. In, BP. This organization seeks to actively manage oil production in its member countries by setting production targets. The production volume of vegetable oil in the 2021/22 crop year exceeded 200 million metric tons worldwide. 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. Historically, crude oil prices have seen increases in times when OPEC production targets are reduced. Reports requested by congress or otherwise deemed important. | You need at least a Starter Account to use this feature. You can only download this statistic as a Premium user. You only have access to basic statistics. In 1970, the world was producing only 2 million tonnes. 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. Thank you for subscribing. 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 . Table 3.6: Non-OPEC oil supply and OPEC NGLs. 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). The share from coal and gas individually can be found . Notes: Year-to-date totals include revised monthly production estimates by state published in Petroleum Navigator. Full Report Chart. Correspondingly, our forecast spot price of Brent crude oil falls to an average of $82/b in 2H23 and $78/b in 2024. This interactive map shows the share of electricity that comes from fossil fuels (coal, oil and gas summed together) across the world. Then you can access your favorite statistics via the star in the header. The report provides a comprehensive outlook for global supply and demand through 2026 and explores some of the challenges and uncertainties that lie ahead. Tools to customize searches, view specific data sets, study detailed documentation, and access time-series data. Global soybean oil production volume 2012/13-2022/23 . Data are in kilotonnes. Please consult our full legal disclaimer. 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. 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. 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. Please create an employee account to be able to mark statistics as favorites. [Online]. Register in seconds and access exclusive features. Interactive historical chart showing the monthly level of U.S. crude oil production back to 1983 from the US Energy Information Adminstration (EIA). (Adobe PDF file) January 2017 - December 2018 MTBE and tetraethyl lead).Refinery production refers to the output of secondary oil products from an oil refinery. This page displays a table with actual values, consensus figures, forecasts, statistics and historical data charts for - Crude Oil Production. (June 28, 2022). Create a free IEA account to download our reports or subcribe to a paid service. Business Solutions including all features. statistic alerts) please log in with your personal account. Visit our 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. 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. Licence: CC BY 4.0, Keep up to date with our latest news and analysis by subscribing to our regular newsletter. Thank you for subscribing. (Adobe PDF file) STEO Data browser | Are you interested in testing our business solutions? World crude oil price vs. oil consumption. BP. 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. If you are an admin, please authenticate by logging in again. Regional energy information including dashboards, maps, data, and analyses. 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. Global energy consumption continues to grow, but it does seem to be slowing - averaging around 1% to 2% per year. USD/mt, 80.41 Non-OECD Asia excludes China. You can unsubscribe at any time by clicking the link at the bottom of any IEA newsletter. BP. 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 This statistic is not included in your account. "Oil Production Worldwide from 1998 to 2021 (in 1,000 Barrels per Day). This is an extract, full report available as PDF download. In 2019, around 64% of our electricity came from fossil fuels. Annual Oil Statistics (AOS) contains data in thousand tonnes for crude oil, NGL, and 17 petroleum products. World Oil Production Level Chart View Full Chart No data available Historical Data View and export this data back to 1965. This also excludes liquid fuel adjustment factors such as refinery processing gain, as well as oil shales/kerogen extracted in solid form. Overview Data sets OECD and selected countries crude supply 1 files Accessed March 01, 2023. https://www.statista.com/statistics/265203/global-oil-production-since-in-barrels-per-day/, BP. 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. Monthly and yearly energy forecasts, analysis of energy topics, financial analysis, congressional reports. The United States produces every year an amount equivalent to 15.4% of its total proven reserves (as of 2016). Interactive historical chart showing the monthly level of U.S. crude oil production back to 1983 from the US Energy Information Adminstration (EIA). Licenses: All visualizations, data, and articles produced by Our World in Data are open access under the Creative Commons BY license. Next Release Date: Mar. (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). 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. "Distribution of Crude Oil Production Worldwide in 2021, by Leading Country. Help us do this work by making a donation. 1 Back in the 1960s, we were producing 20 to 30 million tonnes per year. 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). Organisation for Economic Co-operation and Development (OECD), Source: As a Premium user you get access to background information and details about the release of this statistic. January 2009 - December 2010 [Graph], US Department of . IEA, Global oil demand growth, 2011-2025, IEA, Paris https://www.iea.org/data-and-statistics/charts/global-oil-demand-growth-2011-2025, IEA. You can unsubscribe at any time by clicking the link at the bottom of any IEA newsletter. Perceptions of a less severe recession and some improving macroeconomic conditions also likely contributed to rising crude oil prices over the past month. Press release. We assume Russia will be able to reroute some of its petroleum exports subject to EU sanctions. All Tables Oil production worldwide from 1998 to 2021 (in 1,000 barrels per day) [Graph]. Need help with your purchase ? Stats Related Indicators World Energy Macro-economics; Oil data: upstream; Oil data: downstream; Oil trade; Oil transportation; . Crude oil production quantities are estimated by state and summed to the PADD and the U.S. level. Then you can access your favorite statistics via the star in the header. Energy & Financial Markets: What Drives Crude Oil Prices? Licence: CC BY 4.0. ZIP files contain data in fixed-width TXT format. January 2013 - December 2014 This table includes the average conversion factors from tonnes to barrels, for the 38 OECD countries and 14 European non-OECD countries and for 24 products. statistic alerts) please log in with your personal account. The level of oil production reached an all-time high in. 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. On a production basis of thousand barrels per day. The current level of U.S. crude oil production as of February 2022 is 11,600.00 thousand barrels per day. 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. 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. 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 June 28, 2022. Annual Oil Statistics (AOS) contains data in thousand tonnes for crude oil, NGL, and 17 petroleum products. Sales, revenue and prices, power plants, fuel use, stocks, generation, trade, demand & emissions. Figures include crude oil, shale oil, oil sands, condensates and NGLs. When will countries phase out coal power? Basic Info World Oil Production is at a current level of 89.88M, up from 88.49M one year ago. Oil Imports The United States imports 37% of its oil consumption (7,259,000 barrels per day in 2016). Crude oil production by the Organization of the Petroleum Exporting Countries (OPEC) is an important factor that affects oil prices. 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