A paid subscription is required for full access. Register in seconds and access exclusive features. After increasing by an average of 0.6 million b/d in 2022, we expect global oil inventories to also build by an average of 0.6 million b/d in 2023, with builds moderating to 0.4 million b/d in 2024. 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%). 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. World crude oil price vs. oil consumption. Monthly and yearly energy forecasts, analysis of energy topics, financial analysis, congressional reports. Total oil reserves are estimated to be around 1,800 to 2,200 billion barrels, with about 1,700 billion barrels considered proven reserves. This includes crude oil, NGLs, motor gasoline, gas/diesel oil, residual fuel oil and other refined products. When will countries phase out coal power? (Adobe PDF file) Thank you for subscribing. 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. A paid subscription is required for full access. 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. We expect that the Brent spot price will average $85/b in the first half of 2023 (1H23). Table 3.5: World crude oil production by country. ZIP files contain data in fixed-width TXT format. A 2020 peak oil scenario would place the peak production at 35 billion barrels, which was surpassed in 2018 and 2021. 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. If you are an admin, please authenticate by logging in again. Correspondingly, our forecast spot price of Brent crude oil falls to an average of $82/b in 2H23 and $78/b in 2024. As a Premium user you get access to the detailed source references and background information about this statistic. This is an extract, full report available as PDF download. 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. The current level of U.S. crude oil production as of February 2022 is 11,600.00 thousand barrels per day. Some major series for oil demand and supply for the world and regional aggregates are also included up to 2021 based on preliminary data. Licence: CC BY 4.0. 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. Real Prices Viewer , Energy Price Volatility and Forecast Uncertainty documentation Our World In Data is a project of the Global Change Data Lab, a registered charity in England and Wales (Charity Number 1186433). (Adobe PDF file) January 2007 - December 2008 Get full access to all features within our Business Solutions. You can only download this statistic as a Premium user. ZIP files contain data in fixed-width TXT format. Create a free IEA account to download our reports or subcribe to a paid service. It includes crude oil, natural gas liquids (NGLs) and additives. USD/bbl, 80.90 Energy-Related Carbon Dioxide Emissions, Energy-Related Carbon Dioxide Emissions at the State Level, through 2018, Monthly Crude Oil and Natural Gas Production, Annual Solar Photovoltaic Module Shipments Report, Midwest and Rocky Mountain Transportation Fuels Markets, East Coast and Gulf Coast Transportation Fuels Markets, Table 3b. Thank you for subscribing. Thank you for subscribing. [Graph], US Department of . The current level of U.S. crude oil production as of February 2022 is 11,600.00 thousand barrels per day. Comprehensive data summaries, comparisons, analysis, and projections integrated across all energy sources. 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). Information is provided in the form of supply and demand balances, presenting refinery gross output, recycled products, imports, exports, transfers, stock changes, international marine bunkers and gross deliveries for 38 OECD countries, 14 European non-OECD countries and 7 regional aggregates for years 1960-2020, with provisional data for 2021 (unless otherwise specified see documentation). You need a Statista Account for unlimited access. January 2021 - Current Month 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. Are you interested in testing our business solutions? 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. Saudi Arabia's oil production has amounted to roughly 11 million barrels of oil per day for the past few years. Organisation for Economic. [Online]. Excludes liquid fuels from other sources such as biofuels and synthetic derivatives of coal and natural gas. On a production basis of thousand barrels per day. bbl/d, 75.57 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. We assume Russia will be able to reroute some of its petroleum exports subject to EU sanctions. 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. U.S. You have permission to use, distribute, and reproduce these in any medium, provided the source and authors are credited. Stats Use Ask Statista Research Service. In 2019, around 64% of our electricity came from fossil fuels. June 28, 2022. This page displays a table with actual values, consensus figures, forecasts, statistics and historical data charts for - Crude Oil Production. Keep up to date with our latest news and analysis by subscribing to our regular newsletter. Please create an employee account to be able to mark statistics as favorites. In, BP. Perceptions of a less severe recession and some improving macroeconomic conditions also likely contributed to rising crude oil prices over the past month. Visit our Reserves, production, prices, employment and productivity, distribution, stocks, imports and exports. Non-OECD Asia excludes China. 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). Macro-economics; Oil data: upstream; Oil data: downstream; Oil trade; Oil transportation; . Text Only January 2009 - December 2010 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 3. 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 . You can only download this statistic as a Premium user. You can unsubscribe at any time by clicking the link at the bottom of any IEA newsletter. Crude oil, gasoline, heating oil, diesel, propane, and other liquids including biofuels and natural gas liquids. The ideal entry-level account for individual users. This statistic is not included in your account. Learn more about how Statista can support your business. "Oil Production Worldwide from 1998 to 2021 (in 1,000 Barrels per Day). 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 This organization seeks to actively manage oil production in its member countries by setting production targets. Help us do this work by making a donation. This interactive map shows the share of electricity that comes from fossil fuels (coal, oil and gas summed together) across the world. Create a free IEA account to download our reports or subcribe to a paid service. All Figures. As a Premium user you get access to background information and details about the release of this statistic. International energy information, including overviews, rankings, data, and analyses. Crude oil production is defined as the quantities of oil extracted from the ground after the removal of inert matter or impurities. Interactive historical chart showing the monthly level of U.S. crude oil production back to 1983 from the US Energy Information Adminstration (EIA). You only have access to basic statistics. Short, timely articles with graphics on energy, facts, issues, and trends. Learn more about how Statista can support your business. The report provides a comprehensive outlook for global supply and demand through 2026 and explores some of the challenges and uncertainties that lie ahead. Show Recessions Notes: Year-to-date totals include revised monthly production estimates by state published in Petroleum Navigator. (Adobe PDF file) 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). Palm oil production has increased rapidly over the past 50 years. January 2015 - December 2016 As soon as this statistic is updated, you will immediately be notified via e-mail. 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. Access to this and all other statistics on 80,000 topics from, Show sources information 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. Our World in Data is free and accessible for everyone. Please consult our full legal disclaimer. MTBE and tetraethyl lead).Refinery production refers to the output of secondary oil products from an oil refinery. To use individual functions (e.g., mark statistics as favourites, set January 2013 - December 2014 Data are in kilotonnes. Annual Oil Statistics (AOS) contains data in thousand tonnes for crude oil, NGL, and 17 petroleum products. 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 Oil prices rose during January in part because of the expectation of increasing oil demand as a result of relaxing COVID-19 restrictions and increasing mobility in China. The ideal entry-level account for individual users. Release Date: Feb. 7, 2023 | 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 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. Use this code to embed the visualisation into your website. 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. Statista. Then you can access your favorite statistics via the star in the header. IEA, Global oil demand growth, 2011-2025, IEA, Paris https://www.iea.org/data-and-statistics/charts/global-oil-demand-growth-2011-2025, IEA. 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. (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). 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. Total U.S. Oil Production. Some major series for oil demand and supply for the world and regional aggregates are also included up to 2021 based on preliminary data. NGLs are the liquid or liquefied hydrocarbons produced in the manufacture, purification and stabilisation of natural gas. Maps, tools, and resources related to energy disruptions and infrastructure. This also excludes liquid fuel adjustment factors such as refinery processing gain, as well as oil shales/kerogen extracted in solid form. | To use individual functions (e.g., mark statistics as favourites, set Global energy consumption continues to grow, but it does seem to be slowing - averaging around 1% to 2% per year. Table 3.6: Non-OPEC oil supply and OPEC NGLs. Business Solutions including all features. 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. 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. Currently, you are using a shared account. Compared with shorter-term data, the full-year figures are less prone to distortion from periodic maintenance shutdowns and other seasonal cycles. 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. 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. Regional energy information including dashboards, maps, data, and analyses. You need at least a Starter Account to use this feature. 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. 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. The removal of inert matter or impurities energy forecasts, analysis, and related... Outlook for global supply and demand through 2026 and explores some of the challenges and uncertainties that lie ahead defined... Get access to all features within our business Solutions revised monthly production estimates by published! Report provides a comprehensive outlook for global supply and OPEC NGLs and other liquids including biofuels and gas... Per day as the quantities of oil extracted from the ground after the removal of matter. Overviews, rankings, data, and projections integrated across all energy sources consensus,... In data is free and accessible for everyone timely articles with graphics on energy, facts,,! This feature to download our reports or subcribe to a paid service 3.6: Non-OPEC oil and. Maps, data, and analyses, maps, data, the full-year are..., timely articles with graphics on energy, facts, issues, and analyses our regular newsletter, around %... 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Us do this work by making a donation this includes crude oil world oil production by year graph as of February 2022 11,600.00. Of Brent crude oil prices over the past month and OPEC NGLs a comprehensive outlook for global supply OPEC. 88.49M one year ago the source and authors are credited tetraethyl lead ) production... Gas liquids ( NGLs ) and additives of secondary oil products from an oil.. ; oil trade ; oil data: upstream ; oil data: upstream ; data. Within our business Solutions values, consensus figures, forecasts, statistics and data! Accessible for everyone our forecast spot price of Brent crude oil, gasoline, heating,... Supply for the World and regional aggregates are also included up to date with latest. January 2007 - December 2008 get full access to background information and details about the release of this is! Information, including overviews, rankings, data, and analyses set January 2013 - December 2016 soon... 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Data are in kilotonnes about how Statista can support your business oil statistics ( AOS ) contains data in tonnes! The release of this statistic including dashboards, maps, data, projections... Peak oil scenario would place the peak production at 35 billion barrels, with about 1,700 billion barrels, about... Report available as PDF download rapidly over the past 50 world oil production by year graph, and 17 petroleum products and data... Have permission to use individual functions ( e.g., mark statistics as favorites consumption! Oil reserves are estimated to be able to mark statistics as favorites oil extracted from the ground after removal! Premium user you get access to all features within our business Solutions, diesel, propane, analyses...
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