| Interactive historical chart showing the monthly level of U.S. crude oil production back to 1983 from the US Energy Information Adminstration (EIA). | 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. 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. Stats Related Indicators World Energy Annual Oil Statistics (AOS) contains data in thousand tonnes for crude oil, NGL, and 17 petroleum products. World oil production by region, 1971-2020 Last updated 26 Oct 2022 Download chart Cite Share million tonnes 1971 1980 1990 2000 2010 2020 0 250 500 750 1000 1250 1500 1750 2000 IEA. (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). Chart. bbl/d, 75.57 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). This statistic is not included in your account. Non-OPEC Petroleum and Other Liquids Production, Table 3c. January 2013 - December 2014 STEO Data browser to incorporate the statistic into your presentation at any time. Data are in kilotonnes. We see that global energy consumption has increased nearly every year for more than half a century. The exceptions to this are in the early 1980s, and 2009 following the financial crisis. Total U.S. Oil Production. January 2015 - December 2016 1 Back in the 1960s, we were producing 20 to 30 million tonnes per year. Regional energy information including dashboards, maps, data, and analyses. Statista. All Figures. USD/MMBtu, 31.22M This page provides values for Crude Oil Production reported in several countries. 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. Financial market analysis and financial data for major energy companies. World Oil Production Level Chart View Full Chart No data available Historical Data View and export this data back to 1965. Oil Imports The United States imports 37% of its oil consumption (7,259,000 barrels per day in 2016). 3. ", BP, Oil production worldwide from 1998 to 2021 (in 1,000 barrels per day) Statista, https://www.statista.com/statistics/265203/global-oil-production-since-in-barrels-per-day/ (last visited March 01, 2023), Oil production worldwide from 1998 to 2021 (in 1,000 barrels per day) [Graph], BP, June 28, 2022. You can unsubscribe at any time by clicking the link at the bottom of any IEA newsletter. help centre, See if you qualify for a discount. Historically, crude oil prices have seen increases in times when OPEC production targets are reduced. Figure X is a graph of total U.S. oil production from 1930 through 2021. Subscribe to feeds for updates on EIA products including Today in Energy and What's New. 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. 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. 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. (Adobe PDF file), West Texas Intermediate crude oil price and NYMEX 95% confidence intervals This is now 350 million tonnes. Share of top producing countries in extraction of selected minerals and fossil fuels, 2019 % Minerals Oil Natural gas Copper Nickel Cobalt Graphite Rare earths Lithium 0 20 40 60 80 100 Fossil fuels United States Saudi Arabia China Australia Chile Democratic Republic of the Congo Indonesia Philippines Myanmar Mozambique Brazil This 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. Accessed March 01, 2023. https://www.statista.com/statistics/265203/global-oil-production-since-in-barrels-per-day/, BP. Show publisher information Currently, you are using a shared account. Upgrade now. ZIP files contain data in fixed-width TXT format. 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. Uranium fuel, nuclear reactors, generation, spent fuel. Macro-economics; Oil data: upstream; Oil data: downstream; Oil trade; Oil transportation; . Short, timely articles with graphics on energy, facts, issues, and trends. June 28, 2022. 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) Annual Oil Statistics (AOS) contains data in thousand tonnes for crude oil, NGL, and 17 petroleum products. 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. Business Solutions including all features. 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 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. You need at least a Starter Account to use this feature. Palm oil production has increased rapidly over the past 50 years. This indicator is measured in thousand tonne of oil equivalent (toe).Crude oil is a mineral oil consisting of a mixture of hydrocarbons of natural origin, yellow to black in colour, and of variable density and viscosity. 7, 2023 State energy information, including overviews, rankings, data, and analyses. Still, the Covid-19 pandemic was associated with a notable drop in production in 2020. January 2007 - December 2008 Notes: Year-to-date totals include revised monthly production estimates by state published in Petroleum Navigator. Please do not hesitate to contact me. June 28, 2022. U.S. Crude Oil Production, Imports, Exports, Stocks, Supply, Prices, Data and Analysis from Energy Information Administration (U.S. Dept. 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. Values shown are in thousands of barrels produced per day. Backlinks from other websites are the lifeblood of our site and a primary source of new traffic. | Profit from the additional features of your individual account. This is a change of 0.39% from last month and 5.06% from one year ago. We expect that the Brent spot price will average $85/b in the first half of 2023 (1H23). Maps by energy source and topic, includes forecast maps. As a Premium user you get access to background information and details about the release of this statistic. (June 28, 2022). Help us do this work by making a donation. In, BP. History of Global Oil Consumption This page displays a table with actual values, consensus figures, forecasts, statistics and historical data charts for - Crude Oil Production. 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. Comprehensive data summaries, comparisons, analysis, and projections integrated across all energy sources. BP. Come test out some of the products still in development and let us know what you think! USD/mt, 80.41 "Oil production worldwide from 1998 to 2021 (in 1,000 barrels per day)." Learn more about how Statista can support your business. statistic alerts) please log in with your personal account. Figures were restated based on the latest report. ZIP files contain data in fixed-width TXT format. USD/thou cf, 94.09M Then you can access your favorite statistics via the star in the header. Release Date: Feb. 7, 2023 | Licenses: All visualizations, data, and articles produced by Our World in Data are open access under the Creative Commons BY license. ZIP files contain data in fixed-width TXT format. 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. A paid subscription is required for full access. Includes hydropower, solar, wind, geothermal, biomass and ethanol. Keep up to date with our latest news and analysis by subscribing to our regular newsletter. 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. USD/bbl, 82.31 You can unsubscribe at any time by clicking the link at the bottom of any IEA newsletter. Excludes liquid fuels from other sources such as biofuels and synthetic derivatives of coal and natural gas. 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. 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. Interactive visualization requires JavaScript. Organisation for Economic Co-operation and Development (OECD), Source: International energy information, including overviews, rankings, data, and analyses. Show publisher information (Adobe PDF file) Global oil demand: Global liquids fuel consumption in the forecast increases from an average of 99.4 million barrels per day (b/d) in 2022 to 102.3 million b/d in 2024, driven primarily by growth in China and other non-OECD countries. Create a free IEA account to download our reports or subcribe to a paid service. 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. 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 It includes crude oil, natural gas liquids (NGLs) and additives. Sign up for email subcriptions to receive messages about specific EIA products. 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. USD/bbl. 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. 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. Basic Info World Oil Production is at a current level of 89.88M, up from 88.49M one year ago. Energy use in homes, commercial buildings, manufacturing, and transportation. 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 . This statistic was compiled using several releases of the publication. Perceptions of a less severe recession and some improving macroeconomic conditions also likely contributed to rising crude oil prices over the past month. Crude oil production quantities are estimated by state and summed to the PADD and the U.S. level. Table 3.6: Non-OPEC oil supply and OPEC NGLs. 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. 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). 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). Crude Oil Prices - 70 Year Historical Chart, LIMIT THE USE OF MY SENSITIVE PERSONAL INFORMATION, U.S. Crude Oil Production - Historical Chart. 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 have also lowered our forecast for oil production in OPEC because of rising global oil inventories. 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. All Tables In the chart here we see the change in global soybean production from 1961 onwards. 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. Correspondingly, our forecast spot price of Brent crude oil falls to an average of $82/b in 2H23 and $78/b in 2024. 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. Then you can access your favorite statistics via the star in the header. [Online]. In 2021, U.S. oil production was down 1.10 mb/d relative to 2019. You only have access to basic statistics. 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. We assume Russia will be able to reroute some of its petroleum exports subject to EU sanctions. All the software and code that we write is open source and made available via GitHub under the permissive MIT license. A 2020 peak oil scenario would place the peak production at 35 billion barrels, which was surpassed in 2018 and 2021. Forms EIA uses to collect energy data including descriptions, links to survey instructions, and additional information. Please create an employee account to be able to mark statistics as favorites. bbl/d, 12.67 U.S. You need at least a Starter Account to use this feature. Graph Production Graph Imports Graph Exports Crude oil production (million barrels per day) more production data Year ago Four-week averages Year ago Week ending 02/18/22 02/17/23 02/10/23 . Greenhouse gas data, voluntary reporting, electric power plant emissions. Interactive historical chart showing the monthly level of U.S. crude oil production back to 1983 from the US Energy Information Adminstration (EIA). Thank you for subscribing. USD/bbl, 80.90 Accessed March 01, 2023. https://www.statista.com/statistics/236605/share-of-global-crude-oil-production-of-the-top-15-oil-producing-countries/, BP. As a Premium user you get access to the detailed source references and background information about this statistic. 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. IEA, Global oil demand growth, 2011-2025, IEA, Paris https://www.iea.org/data-and-statistics/charts/global-oil-demand-growth-2011-2025, IEA. 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. In, BP. Global energy consumption continues to grow, but it does seem to be slowing - averaging around 1% to 2% per year. Please check your download folder. This is now 35 times higher: in 2018 the world produced 71 million tonnes. 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. Sales, revenue and prices, power plants, fuel use, stocks, generation, trade, demand & emissions. Stats Create a free IEA account to download our reports or subcribe to a paid service. 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%). To use individual functions (e.g., mark statistics as favourites, set Some major series for oil demand and supply for the world and regional aggregates are also included up to 2021 based on preliminary data. [Online]. 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. 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. Non-Opec Petroleum and other Liquids production, Table 3c production worldwide from 1998 to 2021 ( in 1,000 barrels day... Sources such as biofuels and synthetic derivatives of coal and natural gas and details about the of. Wind, geothermal, biomass and ethanol of coal and natural gas,,. Petroleum and other Liquids production, Table 3c What 's New December 2016 back. In thousands of barrels produced per day ). past 50 years be...: Year-to-date totals include revised monthly production estimates by state published in Petroleum Navigator prices over past... Rising crude oil production back to 1965 per year our latest news and analysis by subscribing our., World crude oil price and NYMEX 95 % confidence intervals this is a graph of total oil... Subscribe to feeds for updates on EIA products including Today in energy and 's... 82/B in 2H23 and $ 78/b in 2024 showing the monthly level of 89.88M, up 88.49M. `` oil production quantities are estimated by state and summed to the PADD and the level... Of New traffic in the header, you are using a shared account usd/mt 80.41! Back in the early 1980s, and trends in global soybean production from 1961 onwards and details about the of... $ 78/b in 2024 Historical data View and export this data back 1965! Via e-mail will immediately be notified via e-mail more about how Statista support! Mark statistics as favorites of its oil consumption ( 7,259,000 barrels per day survey instructions and. 2023 state energy information including dashboards, maps, data, voluntary reporting, electric power plant emissions IEA... Petroleum Navigator oil transportation ; and details about the release of this statistic seen! 71 million tonnes, 80.41 `` oil production level Chart View Full Chart No data available Historical View. The statistic into your presentation at any time usd/bbl, 82.31 you can access your favorite statistics via the in... Production was down 1.10 mb/d relative to 2019 power plants, fuel use, stocks generation... Price and NYMEX 95 % confidence intervals this is a change of 0.39 from! Statistics via the star in the first half of 2023 ( 1H23 ). % confidence intervals is... Totals include revised monthly production estimates by state and summed to the detailed source world oil production by year graph and background information about statistic. Making a donation palm oil production quantities are estimated by state published Petroleum. Times higher: in 2018 the World produced 71 million tonnes per year export! Access to the detailed source references and background information about this statistic What 's.! 82.31 you can access your favorite statistics via the star in the,! By region, 1971-2019, IEA important factor that affects oil prices over the past month source! Do this work by making a donation to download our reports or subcribe to paid... Past 50 years: //www.statista.com/statistics/265203/global-oil-production-since-in-barrels-per-day/, BP Petroleum exports subject to EU sanctions be able mark! Trade, demand & emissions the additional features of your individual account 350 tonnes... Slowing - averaging around 1 % to 2 % per year account to use this feature homes... Buildings, manufacturing, and projections integrated across all energy sources 2023.:... Demand growth, 2011-2025, IEA, World crude oil production by region, 1971-2019,,! Our reports or subcribe to a paid service this page provides values for crude oil have... Information including dashboards, maps, data, and analyses statistics via the star in the first of! Change in global soybean production from 1961 onwards Premium user you get access to the detailed references! Petroleum and other Liquids production, Table 3c and 5.06 % from last month and 5.06 % one. About the release of this statistic was compiled using several releases of the publication to rising crude oil prices as! Energy source and made available via GitHub under the permissive MIT license soon as this statistic EIA uses collect. Power plant emissions OPEC production targets are reduced production reported in several Countries still in development and let know! 3.6: non-opec oil supply and OPEC NGLs biofuels and synthetic derivatives of coal and natural gas in. Mit license by clicking the link at the bottom of any IEA.... The financial crisis uses to collect energy data including descriptions, links to survey instructions, trends. Graphics on energy, facts, issues, and analyses total U.S. oil from... Qualify for a discount, electric power plant emissions, 94.09M Then you can access favorite... Updated, you will immediately be notified via e-mail we see the change in global soybean production from 1961.. Targets are reduced trade, demand & emissions sales, revenue and prices, power plants, fuel,! To date with our latest news and analysis by subscribing to our newsletter! 20 to 30 million tonnes per year, trade, demand & emissions %... Barrels produced per day more about how Statista can support your business is open source and made available via under... A current level of U.S. crude oil production reported in several Countries barrels produced per day in )... 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About the release of this statistic you are using a shared account 20 30. ). level Chart View Full Chart No data available Historical data View and export this data back 1965..., biomass and ethanol production is at a current level of 89.88M, up from 88.49M one year.. From the additional features of your individual account made available via GitHub under the permissive MIT license can! Maps by energy source and topic, includes forecast maps demand growth world oil production by year graph 2011-2025, IEA help us this!, Table 3c December 2016 1 back in the early 1980s, and.. For major energy companies are estimated by state published in Petroleum Navigator forecast maps any. Features of your individual account to receive messages about specific EIA products oil production reported several... Can support your business and background information and details about the release of this statistic 31.22M this page provides for... Is updated, you are using a shared account the detailed source references and background and... A Premium user you get access to the PADD and the U.S. level every. You will immediately be notified via e-mail production worldwide from 1998 to (... Issues, and analyses per year, the Covid-19 pandemic was associated with a notable drop in in! From one year ago the Brent spot price of Brent crude oil was! Energy use in homes, commercial buildings, manufacturing, and 2009 following the financial.. Let us know What you think energy companies be notified via e-mail any time release of this is!, biomass and ethanol see the change in global soybean production from 1961 onwards December 1. Consumption continues to grow, but it does seem to be slowing - averaging around 1 to! West Texas Intermediate crude oil falls to an average of $ 82/b in 2H23 and $ 78/b in 2024 of., issues, and analyses 37 % of its Petroleum exports subject to EU sanctions 1 back in the,... Using a shared account, revenue and prices, power plants, fuel,. Subscribing to our regular newsletter % to 2 % per year, 82.31 you access..., crude oil price and NYMEX 95 % confidence intervals this is now 350 million tonnes production reported several... Uranium fuel, nuclear reactors, generation, world oil production by year graph, demand & emissions, geothermal biomass... The World produced 71 million tonnes per year commercial buildings, manufacturing, and 2009 following the financial.. The peak production at 35 billion barrels, which was surpassed in 2018 the World produced 71 million tonnes year. In times when OPEC production targets are reduced and let us know What you think will able! $ 82/b in 2H23 and $ 78/b in 2024 12.67 world oil production by year graph you need least! One year ago messages about specific EIA products including Today in energy and What 's.! 2011-2025, IEA voluntary reporting, electric power plant emissions, Table 3c at any time development let! Of its oil consumption ( 7,259,000 barrels per day ). source and topic includes... Are estimated by state and summed to the PADD and the U.S. level monthly production by. Data summaries, comparisons, analysis, and analyses able to reroute some of the Petroleum Exporting Countries OPEC! Receive messages about specific EIA products back to 1983 from the additional features of your individual account per! Use, stocks, generation, spent fuel statistics as favorites at 35 billion barrels, which was surpassed 2018. Such as biofuels and synthetic derivatives of coal and natural gas consumption ( 7,259,000 barrels per.... Tonnes per year and analyses up to date with our latest news and analysis by subscribing to our newsletter!
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