Oil production in the United States amounted to around 827.1 million metric tons in 2023, an increase when compared to the previous year and the highest figure recorded within the period of consideration. Between 1998 and 2023, figures increased by 459 million metric tons.
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Key information about United States Crude Oil: Production
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Crude Oil Production in the United States increased to 13491 BBL/D/1K in December from 13396 BBL/D/1K in November of 2024. This dataset provides the latest reported value for - United States Crude Oil Production - plus previous releases, historical high and low, short-term forecast and long-term prediction, economic calendar, survey consensus and news.
Since the 1960s, the Middle East has been the global region that has produced the largest quantity of crude oil in most years, followed by North America, and then the Commonwealth of Independent States (most of the former-USSR). In the figures for annual output, there are notable fluctuations in output that coincide with major regional events, such as the Iranian Revolution in 1979, Soviet dissolution in 1991, or the boom in onshore shale oil drilling in the U.S. since 2010.
Global oil production amounted to 96.4 million barrels per day in 2023. The level of oil production reached an all-time high in 2023. However, the coronavirus pandemic and its impact on transportation fuel demand led to a notable decline in 2020. Rising production and consumption Apart from events surrounding global economic crisis as in the late 2000's and 2020, oil production consistently increased every year for the past two decades. Similarly, global oil consumption only decreased in 2008, 2009, and 2020, but has otherwise increased to a higher level year after year. Oil and oil products remain invaluable commodities as most transportation fuels are petroleum-based and oil is a major raw material for the chemicals industry. Production by region and country While total production is rising, regional distribution has shifted, with the share of production declining the most in Europe and the Commonwealth of Independent States (CIS) since 2008, and rising the most in North America. Even though as a region the Middle East still produces the largest share of oil worldwide, the United States is currently the worl'ds largest producer of oil, followed by Saudi Arabia and Russia.
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Key information about Yemen Crude Oil: Production
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Crude Oil Production in Turkey increased to 110 BBL/D/1K in November from 105 BBL/D/1K in October of 2024. This dataset provides - Turkey Crude Oil Production - actual values, historical data, forecast, chart, statistics, economic calendar and news.
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Crude Oil Production in Vietnam decreased to 158 BBL/D/1K in November from 160 BBL/D/1K in October of 2024. This dataset provides the latest reported value for - Vietnam Crude Oil Production - plus previous releases, historical high and low, short-term forecast and long-term prediction, economic calendar, survey consensus and news.
This dataset contains information about world's oil production for 1965-2020. Data from BP. Follow datasource.kapsarc.org for timely data to advance energy economics research.Notes:* Includes crude oil, shale oil, oil sands and NGLs (natural gas liquids - the liquid content of natural gas where this is recovered separately).** Excludes liquid fuels from other sources such as biomass and derivatives of coal and natural gas.*** Excludes Estonia, Latvia and Lithuania prior to 1985 and Slovenia prior to 1990.**** Annual changes and shares of total are calculated using million tonnes per annum figures.
Texas is by far the largest oil-producing state in the United States. In 2023, Texas produced a total of over two billion barrels. In a distant second place is New Mexico, which produced 667.5 million barrels in the same year. Virginia is the smallest producing state in the country, at five thousand barrels. Macro perspective of U.S. oil production The U.S. oil production totaled some 16.6 million barrels of oil per day, or a total annual oil production of 711 million metric tons. As the largest oil producer in the U.S., it is not surprising that Texas is home to the most productive U.S. oil basin, the Permian. The Permian has routinely accounted for at least 50 percent of total onshore production. Regional distribution of U.S. oil production A total of 32 of the 50 U.S. states produce oil. There are five regional divisions for oil production in the U.S., known as the Petroleum Administration for Defense Districts (PADD). These five regional divisions of the allocation of fuels derived from petroleum products were established in the U.S. during the Second World War and they are still used today for data collection purposes. In line with the fact that Texas is by far the largest U.S. oil producing state, PADD 3 (Gulf Coast) is also the largest oil producing PADD, as it also includes the federal offshore region in the Gulf of Mexico. There are around 711 operational oil and gas rigs in the country as of May 2023
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Key information about Iraq Crude Oil: Production
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This data set has estimated Canadian monthly production data by province. The Canada Energy Regulator estimates production based on provincial data. The estimated production is also available at this page: https://www.cer-rec.gc.ca/en/data-analysis/energy-commodities/crude-oil-petroleum-products/statistics/estimated-production-canadian-crude-oil-equivalent.html.
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Crude Oil Production: Year to Date: Gansu data was reported at 12.536 Ton mn in Dec 2024. This records an increase from the previous number of 11.578 Ton mn for Nov 2024. Crude Oil Production: Year to Date: Gansu data is updated monthly, averaging 0.427 Ton mn from Dec 2002 (Median) to Dec 2024, with 241 observations. The data reached an all-time high of 12.536 Ton mn in Dec 2024 and a record low of 0.029 Ton mn in Jan 2009. Crude Oil Production: Year to Date: Gansu data remains active status in CEIC and is reported by National Bureau of Statistics. The data is categorized under China Premium Database’s Energy Sector – Table CN.RBA: Energy Production: Crude Oil.
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Key information about Argentina Crude Oil: Production
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Crude Oil Production in China increased to 4197 BBL/D/1K in November from 4184 BBL/D/1K in October of 2024. This dataset provides the latest reported value for - China Crude Oil Production - plus previous releases, historical high and low, short-term forecast and long-term prediction, economic calendar, survey consensus and news.
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Key information about France Crude Oil: Production
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Crude Oil Production in Iran increased to 3308 BBL/D/1K in February from 3273 BBL/D/1K in January of 2025. This dataset provides the latest reported value for - Iran Crude Oil Production - plus previous releases, historical high and low, short-term forecast and long-term prediction, economic calendar, survey consensus and news.
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Key information about Germany Crude Oil: Production
In 2023, Pemex's crude oil production amounted to 1.86 million barrels per day, up from some 1.74 million barrels per day in the previous year. Nevertheless, in comparison to the beginning of the previous decade, this still represents a decline of nearly 28 percent. That same year and for the first time in almost a decade, the company reported a net income amounting to some 482 million U.S. dollars.
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Key information about Libya Crude Oil: Production
Oil production in the United States amounted to around 827.1 million metric tons in 2023, an increase when compared to the previous year and the highest figure recorded within the period of consideration. Between 1998 and 2023, figures increased by 459 million metric tons.