The revisions result from China relaxing COVID restrictions, which have increased our forecast of oil demand growth. Excludes liquid fuels from other sources such as biofuels and synthetic derivatives of coal and natural gas. 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. USD/bbl. As soon as this statistic is updated, you will immediately be notified via e-mail. Business Solutions including all features. Use this code to embed the visualisation into your website. Create a free IEA account to download our reports or subcribe to a paid service. This statistic was compiled using several releases of the publication. Financial market analysis and financial data for major energy companies. "Distribution of crude oil production worldwide in 2021, by leading country." Are you interested in testing our business solutions? January 2011 - December 2012 bbl/d, 75.57 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. 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 Please check your download folder. . 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. A paid subscription is required for full access. All Tables (Adobe PDF file) On a production basis of thousand barrels per day. Profit from the additional features of your individual account. Use Ask Statista Research Service. This interactive map shows the share of electricity that comes from fossil fuels (coal, oil and gas summed together) across the world. 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 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. Visit our 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 Macro-economics; Oil data: upstream; Oil data: downstream; Oil trade; Oil transportation; . Full Report World Oil Production Level Chart View Full Chart No data available Historical Data View and export this data back to 1965. Upgrade now. Energy & Financial Markets: What Drives Crude Oil Prices? 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. Stats Related Indicators World Energy 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. Then you can access your favorite statistics via the star in the header. 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 . Published by Statista Research Department , Jan 31, 2023 Global oil production amounted to 89.9 million barrels per day in 2021. Some major series for oil demand and supply for the world and regional aggregates are also included up to 2021 based on preliminary data. It includes crude oil, natural gas liquids (NGLs) and additives. 1 Back in the 1960s, we were producing 20 to 30 million tonnes per year. Come test out some of the products still in development and let us know what you think! 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. USD/bbl, 20.15 In, BP. Please check your download folder. State production estimates reported by EIA are normally different from data reported by state agencies. Accessed March 01, 2023. https://www.statista.com/statistics/265203/global-oil-production-since-in-barrels-per-day/, BP. ZIP files contain data in fixed-width TXT format. The report provides a comprehensive outlook for global supply and demand through 2026 and explores some of the challenges and uncertainties that lie ahead. Distribution of crude oil production worldwide in 2021, by leading country [Graph]. 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). Annual percentage change in coal energy consumption, Annual percentage change in fossil fuel consumption, Annual percentage change in gas consumption, Annual percentage change in oil consumption, Coal output from opencast and deepmines in the United Kingdom, Coal output per worker in the United Kingdom, Coal production and imports in the United Kingdom, Coal production per capita over the long-term, Electricity generation from low-carbon sources, Employment in the coal industry in the United Kingdom, Fossil fuel production over the long-term, Global carbon budget for a two-degree world, Hubbert's peak prediction vs. actual oil production in the United States, Oil & gas employees vs. rig count in the United States, Per capita fossil energy consumption vs. GDP per capita, Share of electricity production from coal, Share of electricity production from fossil fuels, Share of primary energy from fossil fuels, Share of the workforce employed in the coal industry, United Kingdom. You need at least a Starter Account to use this feature. All Figures. Data are in kilotonnes. Provides custom data views of historical and forecast data This statistic is not included in your account. 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. (June 28, 2022). 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 Figures include crude oil, shale oil, oil sands, condensates and NGLs. 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. Interactive visualization requires JavaScript. Please do not hesitate to contact me. 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. Chart. Keep up to date with our latest news and analysis by subscribing to our regular newsletter. In, BP. 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). Greenhouse gas data, voluntary reporting, electric power plant emissions. 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). Copy the URL to open this chart with all your selections. The exceptions to this are in the early 1980s, and 2009 following the financial crisis. 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. | If you use our datasets on your site or blog, we ask that you provide attribution via a link back to this page. 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. The current level of U.S. crude oil production as of February 2022 is 11,600.00 thousand barrels per day. You need a Statista Account for unlimited access. ", 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. Our World in Data is free and accessible for everyone. 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. 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. Access to this and all other statistics on 80,000 topics from, Show sources information Regional energy information including dashboards, maps, data, and analyses. Maps by energy source and topic, includes forecast maps. 7, 2023 Total U.S. Oil Production. We have provided a few examples below that you can copy and paste to your site: Your data export is now complete. Even since the year 2000, production has more than doubled. The service is updated twice a year: in April with complete data up to year-2 and in July/August with additional provisional supply data for the year-1. Historically, crude oil prices have seen increases in times when OPEC production targets are reduced. Energy use in homes, commercial buildings, manufacturing, and transportation. You can unsubscribe at any time by clicking the link at the bottom of any IEA newsletter. Text Only Palm oil production has increased rapidly over the past 50 years. Forecast Completed: Feb. 2, 2023 | 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. Extended world energy balances, Snapshot of data for a fixed period (data will not change even if updated on the site). help centre, See if you qualify for a discount. U.S. Crude Oil Production, Imports, Exports, Stocks, Supply, Prices, Data and Analysis from Energy Information Administration (U.S. Dept. 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. In the chart here we see the change in global soybean production from 1961 onwards. NGLs are the liquid or liquefied hydrocarbons produced in the manufacture, purification and stabilisation of natural gas. of Energy) . to incorporate the statistic into your presentation at any time. Show Recessions Compared with shorter-term data, the full-year figures are less prone to distortion from periodic maintenance shutdowns and other seasonal cycles. Please consult our full legal disclaimer. Comprehensive data summaries, comparisons, analysis, and projections integrated across all energy sources. Perceptions of a less severe recession and some improving macroeconomic conditions also likely contributed to rising crude oil prices over the past month. "Oil Production Worldwide from 1998 to 2021 (in 1,000 Barrels per Day). We have also lowered our forecast for oil production in OPEC because of rising global oil inventories. January 2009 - December 2010 Stats 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. World Oil Production is at a current level of 89.88M, up from 88.49M one year ago. Values shown are in thousands of barrels produced per day. USD/bbl, 6.74 Chart. State energy information, including overviews, rankings, data, and analyses. Uranium fuel, nuclear reactors, generation, spent fuel. U.S. Oil Imports The United States imports 37% of its oil consumption (7,259,000 barrels per day in 2016). Press release. bbl/d, 12.67 | January 2013 - December 2014 June 28, 2022. If you use our chart images on your site or blog, we ask that you provide attribution via a link back to this page. Access to this and all other statistics on 80,000 topics from, Show sources information (Adobe PDF file) Learn more about how Statista can support your business. 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. 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. The change in global production is shown in the chart. This is now 35 times higher: in 2018 the world produced 71 million tonnes. Learn more about how Statista can support your business. Note Apr. We assume Russia will be able to reroute some of its petroleum exports subject to EU sanctions. Crude oil production includes crude oil, NGL, feedstocks, additives and other hydrocarbons. Next Release Date: Mar. Global soybean oil production volume 2012/13-2022/23 . Oil production worldwide from 1998 to 2021 (in 1,000 barrels per day) [Graph]. Statista. This is a change of 0.39% from last month and 5.06% from one year ago. The United States produces every year an amount equivalent to 15.4% of its total proven reserves (as of 2016). 3. Forms EIA uses to collect energy data including descriptions, links to survey instructions, and additional information. USD/MMBtu, 31.22M Expanded product description and database documentation. (Adobe PDF file), West Texas Intermediate crude oil price and NYMEX 95% confidence intervals History of Global Oil Consumption World crude oil price vs. oil consumption. 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