world oil production by year graph

world oil production by year graph

7, 2023 (Adobe PDF file) USD/bbl, 6.74 Profit from the additional features of your individual account. [Online]. 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. Please check your download folder. Provides custom data views of historical and forecast data USD/bbl, 20.15 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. Stats Related Indicators World Energy This is a list of countries by oil production (i.e., petroleum production), as compiled from the U.S. Energy Information Administration database for calendar year 2021, tabulating all countries on a comparable best-estimate basis. In, BP. 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. You can unsubscribe at any time by clicking the link at the bottom of any IEA newsletter. In 2021, U.S. oil production was down 1.10 mb/d relative to 2019. of Energy) . For both 2023 and 2024, we forecast about 0.4 million b/d more production in Russia than in last month's STEO. Organisation for Economic Co-operation and Development (OECD), Source: You only have access to basic statistics. 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 table has current values for Crude Oil Production, previous releases, historical highs and record lows, release frequency, reported unit and currency plus links to . Latest available data for a fixed period, Oil data: downstream. 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. 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 . 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. USD/bbl, 80.90 U.S. Crude Oil Production, Imports, Exports, Stocks, Supply, Prices, Data and Analysis from Energy Information Administration (U.S. Dept. 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. (Adobe PDF file) to incorporate the statistic into your presentation at any time. 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%). 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. Regional energy information including dashboards, maps, data, and analyses. OPEC Crude Oil (excluding condensates) Production, Table 3d. 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. Show Recessions Some major series for oil demand and supply for the world and regional aggregates are also included up to 2021 based on preliminary data. This is an extract, full report available as PDF download. 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 soon as this statistic is updated, you will immediately be notified via e-mail. This page provides values for Crude Oil Production reported in several countries. 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 Are you interested in testing our business solutions? Licenses: All visualizations, data, and articles produced by Our World in Data are open access under the Creative Commons BY license. Text Only Daily and cumulative crude oil production in OPEC Members. 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. Energy & Financial Markets: What Drives Crude Oil Prices? Licence: CC BY 4.0 OECD Middle East Non-OECD Europe and Eurasia China Non-OECD Asia Maps, tools, and resources related to energy disruptions and infrastructure. 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. MTBE and tetraethyl lead).Refinery production refers to the output of secondary oil products from an oil refinery. 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. 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. Perceptions of a less severe recession and some improving macroeconomic conditions also likely contributed to rising crude oil prices over the past month. Reports requested by congress or otherwise deemed important. 1 Back in the 1960s, we were producing 20 to 30 million tonnes per year. ZIP files contain data in fixed-width TXT format. Greenhouse gas data, voluntary reporting, electric power plant emissions. This is now 35 times higher: in 2018 the world produced 71 million tonnes. (June 28, 2022). 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. Oil accounts for only a small share of electricity production - most come from coal and gas. All Tables Energy use in homes, commercial buildings, manufacturing, and transportation. Register in seconds and access exclusive features. 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. 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. This page displays a table with actual values, consensus figures, forecasts, statistics and historical data charts for - Crude Oil Production. Tools to customize searches, view specific data sets, study detailed documentation, and access time-series data. Figures were restated based on the latest report. Directly accessible data for 170 industries from 50 countries and over 1 million facts: Get quick analyses with our professional research service. Keep up to date with our latest news and analysis by subscribing to our regular newsletter. Full Report January 2013 - December 2014 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. Get full access to all features within our Business Solutions. On a production basis of thousand barrels per day. | Oil production worldwide from 1998 to 2021 (in 1,000 barrels per day) [Graph]. Lesson plans, science fair experiments, field trips, teacher guide, and career corner. 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). (Adobe PDF file) January 2011 - December 2012 This interactive map shows the share of electricity that comes from fossil fuels (coal, oil and gas summed together) across the world. Need help with your purchase ? Financial market analysis and financial data for major energy companies. Chart. Figure X is a graph of total U.S. oil production from 1930 through 2021. BP. You need at least a Starter Account to use this feature. Currently, you are using a shared account. Figure X *Data from the U.S. DOE/EIA. Use Ask Statista Research Service. Total U.S. Oil Production. [Graph], US Department of . We have provided a few examples below that you can copy and paste to your site: Your image export is now complete. In 1970, the world was producing only 2 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 by region Oil consumption per capita Oil production Oil production by region Oil production per capita Oil reserves bbl/d, 75.57 When will countries phase out coal power? Thank you for subscribing. To use individual functions (e.g., mark statistics as favourites, set statistic alerts) please log in with your personal account. Country aggregates for OECD Total, OECD Americas, OECD Asia Oceania, OECD Europe, IEA 30, EU27 (excluding the United Kingdom) and EU28 are also included. In 2019, around 64% of our electricity came from fossil fuels. Real Prices Viewer , Energy Price Volatility and Forecast Uncertainty documentation Subscribe to feeds for updates on EIA products including Today in Energy and What's New. Saudi Arabia's oil production has amounted to roughly 11 million barrels of oil per day for the past few years. Historically, crude oil prices have seen increases in times when OPEC production targets are reduced. Basic Info World Oil Production is at a current level of 89.88M, up from 88.49M one year ago. Interactive historical chart showing the monthly level of U.S. crude oil production back to 1983 from the US Energy Information Adminstration (EIA). Use this code to embed the visualisation into your website. Get full access to all features within our Business Solutions. 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. Please check your download folder. Please create an employee account to be able to mark statistics as favorites. Accessed March 01, 2023. https://www.statista.com/statistics/265203/global-oil-production-since-in-barrels-per-day/, BP. 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 the chart here we see the change in global soybean production from 1961 onwards. You need a Statista Account for unlimited access. 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. Business Solutions including all features. USD/bbl, 82.31 World Oil Production is at a current level of 89.88M, up from 88.49M one year ago. Table 3.6: Non-OPEC oil supply and OPEC NGLs. January 2015 - December 2016 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). World crude oil price vs. oil consumption. This organization seeks to actively manage oil production in its member countries by setting production targets. NGLs are the liquid or liquefied hydrocarbons produced in the manufacture, purification and stabilisation of natural gas. Table 3.7: World biofuel production. Thank you for subscribing. The current level of U.S. crude oil production as of February 2022 is 11,600.00 thousand barrels per day. This is now 350 million tonnes. | statistic alerts) please log in with your personal account. [Online]. June 28, 2022. 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. Crude oil production by the Organization of the Petroleum Exporting Countries (OPEC) is an important factor that affects oil prices. 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. 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. 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. We assume Russia will be able to reroute some of its petroleum exports subject to EU sanctions. Copy the URL to open this chart with all your selections. As a Premium user you get access to the detailed source references and background information about this statistic. As a Premium user you get access to the detailed source references and background information about this statistic. bbl/d, 12.67 Monthly and yearly energy forecasts, analysis of energy topics, financial analysis, congressional reports. Learn more, Annual time series of oil data including oil supply and consumption, trade and oil demand for 153 countries and 25 regions. Table 3.5: World crude oil production by country. The United States produces 14,837,640 barrels per day of oil (as of 2016) ranking 1st in the world. The report provides a comprehensive outlook for global supply and demand through 2026 and explores some of the challenges and uncertainties that lie ahead. 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. (Adobe PDF file) Licence: CC BY 4.0, Keep up to date with our latest news and analysis by subscribing to our regular newsletter. 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. This statistic was compiled using several releases of the publication. 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). Published by Statista Research Department , Jan 31, 2023 Global oil production amounted to 89.9 million barrels per day in 2021. The exceptions to this are in the early 1980s, and 2009 following the financial crisis. Oil Imports The United States imports 37% of its oil consumption (7,259,000 barrels per day in 2016). In, BP. 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. Annual Oil Statistics (AOS) contains data in thousand tonnes for crude oil, NGL, and 17 petroleum products. (Adobe PDF file) Use Ask Statista Research Service. Global production today is more than 13 times higher than it was in the early 1960s. Information is provided in the form of supply and demand balances, presenting indigenous production, imports, exports, stock changes and refinery intake 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). 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). 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.

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