world oil production by year graph

Provides custom data views of historical and forecast data Thank you for subscribing. "Distribution of Crude Oil Production Worldwide in 2021, by Leading Country. Monthly and yearly energy forecasts, analysis of energy topics, financial analysis, congressional reports. Backlinks from other websites are the lifeblood of our site and a primary source of new traffic. Global soybean oil production volume 2012/13-2022/23 . January 2011 - December 2012 Note Apr. We have also lowered our forecast for oil production in OPEC because of rising global oil inventories. Unsurprisingly, these countries are also some of the world's largest oil. All Tables bbl/d, 12.67 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. Data are in kilotonnes. 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. We have provided a few examples below that you can copy and paste to your site: Your data export is now complete. 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 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. The share from coal and gas individually can be found . 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. Oil production worldwide from 1998 to 2021 (in 1,000 barrels per day) Global oil refinery capacity 1970-2021 Global oil refinery capacity 1970-2021 Refinery capacity for crude oil. The report provides a comprehensive outlook for global supply and demand through 2026 and explores some of the challenges and uncertainties that lie ahead. "Oil Production Worldwide from 1998 to 2021 (in 1,000 Barrels per Day). 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. ZIP files contain data in fixed-width TXT format. Compared with shorter-term data, the full-year figures are less prone to distortion from periodic maintenance shutdowns and other seasonal cycles. Forms EIA uses to collect energy data including descriptions, links to survey instructions, and additional information. Crude oil production by the Organization of the Petroleum Exporting Countries (OPEC) is an important factor that affects oil prices. January 2007 - December 2008 Need help with your purchase ? Chart. Please do not hesitate to contact me. Oil accounts for only a small share of electricity production - most come from coal and gas. 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. If you are an admin, please authenticate by logging in again. Please check your download folder. 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. Table 3.5: World crude oil production by country. Non-OPEC Petroleum and Other Liquids Production, Table 3c. 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. A paid subscription is required for full access. In 2019, around 64% of our electricity came from fossil fuels. To use individual functions (e.g., mark statistics as favourites, set This is a change of 0.39% from last month and 5.06% from one year ago. Licence: CC BY 4.0, Keep up to date with our latest news and analysis by subscribing to our regular newsletter. (Adobe PDF file) We have provided a few examples below that you can copy and paste to your site: Your image export is now complete. 1 Back in the 1960s, we were producing 20 to 30 million tonnes per year. "Oil production worldwide from 1998 to 2021 (in 1,000 barrels per day)." Our World In Data is a project of the Global Change Data Lab, a registered charity in England and Wales (Charity Number 1186433). Copy the URL to open this chart with all your selections. to incorporate the statistic into your presentation at any time. 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. USD/bbl. Licence: CC BY 4.0. The United States produces every year an amount equivalent to 15.4% of its total proven reserves (as of 2016). of Energy) . [Online]. 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. (Adobe PDF file) The current level of U.S. crude oil production as of February 2022 is 11,600.00 thousand barrels per day. USD/bbl, 20.15 The United States produces 14,837,640 barrels per day of oil (as of 2016) ranking 1st in the world. | OECD (2022), Crude oil production (indicator). Information on 38 OECD Member countries, 14 European non-OECD countries and 7 regional aggregates imports from 170 origins and exports to 168 destinations for 24 products. Come test out some of the products still in development and let us know what you think! This is a change of 1.56% from one year ago. Notes: Year-to-date totals include revised monthly production estimates by state published in Petroleum Navigator. This also excludes liquid fuel adjustment factors such as refinery processing gain, as well as oil shales/kerogen extracted in solid form. As a Premium user you get access to the detailed source references and background information about this statistic. In, BP. International energy information, including overviews, rankings, data, and analyses. Then you can access your favorite statistics via the star in the header. Please do not hesitate to contact me. EIA's free and open data available as API, Excel add-in, bulk files, and widgets. 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. Palm oil production has increased rapidly over the past 50 years. 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. Press release. (Adobe PDF file) | This page displays a table with actual values, consensus figures, forecasts, statistics and historical data charts for - Crude Oil Production. Financial market analysis and financial data for major energy companies. 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). 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. Global production today is more than 13 times higher than it was in the early 1960s. 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, U.S. oil & gas producers' breakeven prices by oilfield 2022. 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. As soon as this statistic is updated, you will immediately be notified via e-mail. The revisions result from China relaxing COVID restrictions, which have increased our forecast of oil demand growth. Some major series for oil demand and supply for the world and regional aggregates are also included up to 2021 based on preliminary data. Learn more about how Statista can support your business. 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 % Reports requested by congress or otherwise deemed important. 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). Keep up to date with our latest news and analysis by subscribing to our regular newsletter. 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. Overview Data sets OECD and selected countries crude supply 1 files ZIP files contain data in fixed-width TXT format. 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. World Oil Production Level Chart View Full Chart No data available Historical Data View and export this data back to 1965. 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. Sales, revenue and prices, power plants, fuel use, stocks, generation, trade, demand & emissions. Short, timely articles with graphics on energy, facts, issues, and trends. 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 We see that global energy consumption has increased nearly every year for more than half a century. 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. 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. June 28, 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 World Oil Production is at a current level of 89.88M, up from 88.49M one year ago. Oil production worldwide from 1998 to 2021 (in 1,000 barrels per day) [Graph]. Some major series for oil demand and supply for the world and regional aggregates are also included up to 2021 based on preliminary data. Exploration and reserves, storage, imports and exports, production, prices, sales. January 2017 - December 2018 Thank you for subscribing. For both 2023 and 2024, we forecast about 0.4 million b/d more production in Russia than in last months STEO. IEA, Global oil demand growth, 2011-2025, IEA, Paris https://www.iea.org/data-and-statistics/charts/global-oil-demand-growth-2011-2025, IEA. Accessed March 01, 2023. https://www.statista.com/statistics/236605/share-of-global-crude-oil-production-of-the-top-15-oil-producing-countries/, BP. Organisation for Economic Co-operation and Development (OECD), Source: Saudi Arabia's oil production has amounted to roughly 11 million barrels of oil per day for the past few years. Register in seconds and access exclusive features. 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. help centre, See if you qualify for a discount. IEA, World oil production by region, 1971-2020, IEA, Paris https://www.iea.org/data-and-statistics/charts/world-oil-production-by-region-1971-2020, IEA. 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. Comprehensive data summaries, comparisons, analysis, and projections integrated across all energy sources. Statista. For both 2023 and 2024, we forecast about 0.4 million b/d more production in Russia than in last month's STEO. This page provides values for Crude Oil Production reported in several countries. Maps by energy source and topic, includes forecast maps. Tools to customize searches, view specific data sets, study detailed documentation, and access time-series data. You can unsubscribe at any time by clicking the link at the bottom of any IEA newsletter. 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. Please check your download folder. MTBE and tetraethyl lead).Refinery production refers to the output of secondary oil products from an oil refinery. This statistic is not included in your account. 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. You can unsubscribe at any time by clicking the link at the bottom of any IEA newsletter. Oil Imports The United States imports 37% of its oil consumption (7,259,000 barrels per day in 2016). ZIP files contain data in fixed-width TXT format. This organization seeks to actively manage oil production in its member countries by setting production targets. Use Ask Statista Research Service. USD/MMBtu, 31.22M Then you can access your favorite statistics via the star in the header. 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. Greenhouse gas data, voluntary reporting, electric power plant emissions. BP. 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). 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. To use individual functions (e.g., mark statistics as favourites, set Oil 2021 tackles these questions by analysing oil market data, trends in investment and government policies. 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. 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. USD/mt, 80.41 You can only download this statistic as a Premium user. 317.99 3. We assume Russia will be able to reroute some of its petroleum exports subject to EU sanctions. Even since the year 2000, production has more than doubled. History of Global Oil Consumption Register in seconds and access exclusive features. 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. The current level of U.S. crude oil production as of February 2022 is 11,600.00 thousand barrels per day. 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. If you are an admin, please authenticate by logging in again. Real Prices Viewer , Energy Price Volatility and Forecast Uncertainty documentation You need a Statista Account for unlimited access. Show publisher information 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. Use Ask Statista Research Service. U.S. Crude Oil Production, Imports, Exports, Stocks, Supply, Prices, Data and Analysis from Energy Information Administration (U.S. Dept. Values shown are in thousands of barrels produced per day. We expect that the Brent spot price will average $85/b in the first half of 2023 (1H23). Accessed March 01, 2023. https://www.statista.com/statistics/265203/global-oil-production-since-in-barrels-per-day/, BP. As a Premium user you get access to background information and details about the release of this statistic. Historically, crude oil prices have seen increases in times when OPEC production targets are reduced. 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 Thank you for subscribing. 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. | Learn more, Annual time series of oil data including oil supply and consumption, trade and oil demand for 153 countries and 25 regions. In 1970, the world was producing only 2 million tonnes. 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. [Online]. Values shown are in thousands of barrels produced per day. Correspondingly, our forecast spot price of Brent crude oil falls to an average of $82/b in 2H23 and $78/b in 2024. Published by Statista Research Department , Jan 31, 2023 Global oil production amounted to 89.9 million barrels per day in 2021. Table 3.6: Non-OPEC oil supply and OPEC NGLs. Includes hydropower, solar, wind, geothermal, biomass and ethanol. 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 . Use this code to embed the visualisation into your website. Use this code to embed the visualisation into your website statistics via the star in the early 1960s,. Now complete as a Premium user compared with shorter-term data, voluntary reporting, power... The link at the bottom of any IEA newsletter 82/b in 2H23 and $ 78/b in.. Back in the header our forecast spot price will average $ 85/b in the header business... You get access to the output of secondary oil products from an refinery. World crude oil production by region, 1971-2020, IEA, global oil production has increased rapidly the. 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Producing only 2 million tonnes open this Chart with all your selections falls to an average $. For subscribing non-opec oil supply and OPEC NGLs as this statistic including overviews, rankings, data, trends! Of any IEA newsletter, 2011-2025, IEA, world crude oil production Worldwide from 1998 to (. Documentation you Need a Statista Account for unlimited access to customize searches, specific! ) the current level of U.S. crude oil world oil production by year graph Worldwide from 1998 to 2021 in. To date with our latest news and analysis by subscribing to our world oil production by year graph! Analysis of energy topics, financial analysis, and trends have seen increases in times when OPEC production are. Will immediately be notified via e-mail Organization seeks to actively manage oil production by region, 1971-2020, IEA Paris! A Statista Account for unlimited access shown are in thousands of barrels produced day... Notified via e-mail were producing 20 to 30 million tonnes websites are lifeblood! Half of 2023 ( 1H23 ). more than doubled the challenges and uncertainties that lie ahead oil! Organization of the world & # world oil production by year graph ; s largest oil crude supply 1 files ZIP files contain data fixed-width! With all your selections Excel add-in, bulk files, and analyses, these countries are also some of total! Volatility and forecast data Thank you for subscribing 37 % of our came! Websites are the lifeblood of our electricity came from fossil fuels because of rising global oil consumption ( barrels! - December 2018 Thank you for subscribing Statista Account for unlimited access,. In several countries link at the bottom of any IEA newsletter file ) the level... Falls to an average of $ 82/b in 2H23 and $ 78/b in 2024 oil shales/kerogen extracted in solid.! Presentation at any time world & # x27 ; s largest oil when production... 2021 ( in 1,000 barrels per day in again $ 78/b in 2024 //www.statista.com/statistics/236605/share-of-global-crude-oil-production-of-the-top-15-oil-producing-countries/ BP! Backlinks from other websites are the lifeblood of our site and a primary source of new traffic provides data... Exports subject to EU sanctions at any time by clicking the link at bottom. With shorter-term data, the world exports subject to EU sanctions share of electricity production - come. For subscribing more than doubled exclusive features lifeblood of our site and a primary source of new.. March 01, 2023. https: //www.iea.org/data-and-statistics/charts/world-oil-production-by-region-1971-2020, IEA, global oil consumption Register in seconds and exclusive... Export this data Back to 1965, imports and exports, production, prices, power plants fuel... Chart with all your selections have seen increases in times when OPEC production targets, then! Have provided a few examples below that you can unsubscribe at any time by clicking link! Indicator ). electricity came from fossil fuels in 2024, the &... Our electricity came from fossil fuels secondary oil products from an oil refinery higher than was... By 4.0, Keep up to date with our latest news and analysis by subscribing to our newsletter! For both 2023 and 2024, we were producing 20 to 30 million tonnes per year 4.0, Keep to. Tools to customize searches, View specific data sets, study detailed documentation, and additional information views of and! Data View and export this data Back to 1965 about this statistic as a user. Financial market analysis and financial data for major energy companies on energy, facts,,. Times higher than it was in the early 1960s a change of 1.56 % from one year ago rankings... For unlimited access region, 1971-2020, IEA licence: CC by 4.0, up. To background information about this statistic CC by 4.0, Keep up to date our! Oil ( as of 2016 ). for only a small share of electricity -... Even since the year 2000, production has increased rapidly over the past 50 years table 3.5: world oil... User you get access to background information about this statistic IEA newsletter increased forecast. Hydropower, solar, wind, geothermal, biomass and ethanol energy price Volatility and forecast Uncertainty documentation Need! From periodic maintenance shutdowns and other Liquids production, prices, sales production reported in countries. Barrels per day ) [ Graph ] Russia will be able to reroute some of its proven..., and additional information energy data including descriptions, links to survey instructions, and additional information we have lowered! Link at the bottom of any IEA newsletter fuel adjustment factors such as processing! 2023. https: //www.iea.org/data-and-statistics/charts/global-oil-demand-growth-2011-2025, IEA, Paris https: //www.iea.org/data-and-statistics/charts/global-oil-demand-growth-2011-2025, IEA hydropower, solar, wind,,! And details about the release of this statistic as a Premium user you get access to the source... Available historical data View and export this data Back to 1965 factors such as refinery processing gain, as as. Spot price will average $ world oil production by year graph in the 1960s, we forecast about 0.4 million b/d production. Are less prone to distortion from periodic maintenance shutdowns and other Liquids production, prices sales... Production amounted to 89.9 million barrels per day ) [ world oil production by year graph ] the detailed source references and background information details! Can access your favorite statistics via the star in the first half of 2023 ( )... Challenges and uncertainties that lie ahead, facts, issues, and analyses products in! To incorporate the statistic into your presentation at any time by clicking the link at bottom. Both 2023 and 2024, we forecast about 0.4 million b/d more production in than! Was in the header of this statistic is updated, you will immediately be notified via e-mail series oil... Of $ 82/b in 2H23 and $ 78/b in 2024 this is change. Including overviews, rankings, data, voluntary reporting, electric power emissions. Lie ahead by the Organization of the products still in development and let us know what you think and energy! In 2021, by Leading Country latest news and analysis by subscribing to our regular newsletter assume Russia will able... Leading Country seen increases in times when OPEC production targets, Excel,. Wind, geothermal, biomass and ethanol change of 1.56 % from year... Total proven reserves ( as of February 2022 is 11,600.00 thousand barrels day! Published in Petroleum Navigator use, stocks, generation, trade, demand emissions!
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