For both 2023 and 2024, we forecast about 0.4 million b/d more production in Russia than in last months STEO. 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. Oil accounts for only a small share of electricity production - most come from coal and gas. Charts. Compared with shorter-term data, the full-year figures are less prone to distortion from periodic maintenance shutdowns and other seasonal cycles. 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. The level of oil production reached an all-time high in. Non-OECD Asia excludes China. Please create an employee account to be able to mark statistics as favorites. A paid subscription is required for full access. Thank you for subscribing. ZIP files contain data in fixed-width TXT format. Daily and cumulative crude oil production in OPEC Members. (Adobe PDF file) In the chart here we see the change in global soybean production from 1961 onwards. 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 Table 3.5: World crude oil production by country. Full Report (Adobe PDF file) Table 3.6: Non-OPEC oil supply and OPEC NGLs. 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. On a production basis of 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. Some major series for oil demand and supply for the world and regional aggregates are also included up to 2021 based on preliminary 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. 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. [Online]. 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). 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. 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. 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. Distribution of crude oil production worldwide in 2021, by leading country [Graph]. 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 . Annual Oil Statistics (AOS) contains data in thousand tonnes for crude oil, NGL, and 17 petroleum products. 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. 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 . Lesson plans, science fair experiments, field trips, teacher guide, and career corner. Currently, you are using a shared account. 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. We assume Russia will be able to reroute some of its petroleum exports subject to EU sanctions. Directly accessible data for 170 industries from 50 countries and over 1 million facts: Get quick analyses with our professional research service. Upgrade now. Includes hydropower, solar, wind, geothermal, biomass and ethanol. 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. Global energy consumption continues to grow, but it does seem to be slowing - averaging around 1% to 2% per year. 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. Come test out some of the products still in development and let us know what you think! 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. This interactive map shows the share of electricity that comes from fossil fuels (coal, oil and gas summed together) across the world. 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 United States produces 14,837,640 barrels per day of oil (as of 2016) ranking 1st in the world. You only have access to basic statistics. Accessed March 01, 2023. https://www.statista.com/statistics/265203/global-oil-production-since-in-barrels-per-day/, BP. Data are in kilotonnes. 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 % Real Prices Viewer , Energy Price Volatility and Forecast Uncertainty documentation The service is updated twice a year: in April with complete data up to year-2 and in July/August with additional provisional supply data for the year-1. Even since the year 2000, production has more than doubled. . State production estimates reported by EIA are normally different from data reported by state agencies. Data are in kilotonnes. The ideal entry-level account for individual users. USD/bbl, 80.90 Profit from the additional features of your individual 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%). The United States produces every year an amount equivalent to 15.4% of its total proven reserves (as of 2016). You have permission to use, distribute, and reproduce these in any medium, provided the source and authors are credited. Comprehensive data summaries, comparisons, analysis, and projections integrated across all energy sources. Stats Related Indicators World Energy This statistic was compiled using several releases of the publication. Chart. Learn more, Annual time series of oil data including oil supply and consumption, trade and oil demand for 153 countries and 25 regions. World crude oil price vs. oil consumption. (June 28, 2022). Please check your download folder. Use Ask Statista Research Service. Next Release Date: Mar. Text Only Oil production worldwide from 1998 to 2021 (in 1,000 barrels per day) [Graph]. Table 3.7: World biofuel production. 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. Data are in kilotonnes. 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. Backlinks from other websites are the lifeblood of our site and a primary source of new traffic. Create a free IEA account to download our reports or subcribe to a paid service. MTBE and tetraethyl lead).Refinery production refers to the output of secondary oil products from an oil refinery. Access to this and all other statistics on 80,000 topics from, Show sources information Sales, revenue and prices, power plants, fuel use, stocks, generation, trade, demand & emissions. Annual Oil Statistics (AOS) contains data in thousand tonnes for crude oil, NGL, and 17 petroleum products. The world consumes 35,442,913,090 barrels of oil as of the year 2016, equivalent to 97,103,871 barrels per day. Crude oil production quantities are estimated by state and summed to the PADD and the U.S. level. 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 Licence: CC BY 4.0 OECD Middle East Non-OECD Europe and Eurasia China Non-OECD Asia 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 Keep up to date with our latest news and analysis by subscribing to our regular newsletter. Historically, crude oil prices have seen increases in times when OPEC production targets are reduced. 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. Keep up to date with our latest news and analysis by subscribing to our regular newsletter. The revisions result from China relaxing COVID restrictions, which have increased our forecast of oil demand growth. statistic alerts) please log in with your personal account. (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). Basic Info World Oil Production is at a current level of 89.88M, up from 88.49M one year ago. Get full access to all features within our Business Solutions. Then you can access your favorite statistics via the star in the header. For both 2023 and 2024, we forecast about 0.4 million b/d more production in Russia than in last month's STEO. You need a Statista Account for unlimited access. Correspondingly, our forecast spot price of Brent crude oil falls to an average of $82/b in 2H23 and $78/b in 2024. Visit our Unsurprisingly, these countries are also some of the world's largest oil. Energy & Financial Markets: What Drives Crude Oil Prices? International energy information, including overviews, rankings, data, and analyses. You need at least a Starter Account to use this feature. Press release. to incorporate the statistic into your presentation at any time. 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. January 2015 - December 2016 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. U.S. Reserves, production, prices, employment and productivity, distribution, stocks, imports and exports. In 2021, U.S. oil production was down 1.10 mb/d relative to 2019. 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%). This is now 350 million tonnes. Total oil reserves are estimated to be around 1,800 to 2,200 billion barrels, with about 1,700 billion barrels considered proven reserves. 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. January 2009 - December 2010 (Adobe PDF file) 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. Maps, tools, and resources related to energy disruptions and infrastructure. 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. As a Premium user you get access to background information and details about the release of this statistic. Interactive historical chart showing the monthly level of U.S. crude oil production back to 1983 from the US Energy Information Adminstration (EIA). Expanded product description and database documentation. 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. USD/bbl, 20.15 You can unsubscribe at any time by clicking the link at the bottom of any IEA newsletter. Are you interested in testing our business solutions? Please create an employee account to be able to mark statistics as favorites. statistic alerts) please log in with your personal account. Create a free IEA account to download our reports or subcribe to a paid service. The current level of U.S. crude oil production as of February 2022 is 11,600.00 thousand barrels per day. January 2021 - Current Month Our World In Data is a project of the Global Change Data Lab, a registered charity in England and Wales (Charity Number 1186433). June 28, 2022. Learn more about how Statista can support your business. 317.99 Short, timely articles with graphics on energy, facts, issues, and trends. Profit from the additional features of your individual account. This includes crude oil, NGLs, motor gasoline, gas/diesel oil, residual fuel oil and other refined products. Values shown are in thousands of barrels produced per day. 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 The ideal entry-level account for individual users. 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. "Oil Production Worldwide from 1998 to 2021 (in 1,000 Barrels per Day). Monthly and yearly energy forecasts, analysis of energy topics, financial analysis, congressional reports. This page provides values for Crude Oil Production reported in several countries.

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