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.

Crude Oil Production in the United States increased to 13488 BBL/D/1K in March from 13240 BBL/D/1K in February of 2025. 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.

Global oil production amounted to ************ 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.

Key information about United States Crude Oil: Production

• United States Crude Oil: Production was reported at 12,927.088 Barrel/Day th in Dec 2023
• This records an increase from the previous number of 11,910.573 Barrel/Day th for Dec 2022
• US Crude Oil: Production data is updated yearly, averaging 8,135.663 Barrel/Day th from Dec 1960 to 2023, with 64 observations
• The data reached an all-time high of 12,927.088 Barrel/Day th in 2023 and a record low of 4,999.727 Barrel/Day th in 2008
• US Crude Oil: Production data remains active status in CEIC and is reported by Organization of the Petroleum Exporting Countries
• The data is categorized under World Trend Plus’s Association: Energy Sector – Table RB.OPEC.CO: Crude Oil Production: Yearly

In 2023, oil production in the United States reached 19.4 million barrels per day, the highest value within the period of consideration. The United States currently produces more oil than any other country in the world. Why has U.S. oil production increased? As U.S. oil production has more than doubled since the 2008 recession, imports of crude oil to the United States have decreased. An upsurge in foreign oil prices during the financial crisis, particularly from OPEC countries located mainly in the Middle East, motivated the U.S. energy industry to find ways to increase production domestically. Developments in extraction technology During the recession, investors took advantage of low-interest rates to develop costly oil extraction processes such as hydraulic fracturing. Also known as “fracking,” this extraction method made it possible to access shale oil deep underground that was once out of reach. Texas and New Mexico are major sites of shale reserves and have thus become the two largest oil-producing states in the country.

Crude Oil Production in Brazil increased to 3488.10 BBL/D/1K in February from 3445.79 BBL/D/1K in January of 2025. This dataset provides the latest reported value for - Brazil Crude Oil Production - plus previous releases, historical high and low, short-term forecast and long-term prediction, economic calendar, survey consensus and news.

Key information about Russia Crude Oil: Production

• Russia Crude Oil: Production was reported at 9,592.386 Barrel/Day th in Dec 2023
• This records a decrease from the previous number of 9,756.049 Barrel/Day th for Dec 2022
• Russia Crude Oil: Production data is updated yearly, averaging 9,261.952 Barrel/Day th from Dec 1960 to 2023, with 64 observations
• The data reached an all-time high of 11,152.736 Barrel/Day th in 1987 and a record low of 2,683.100 Barrel/Day th in 1960
• Russia Crude Oil: Production data remains active status in CEIC and is reported by Organization of the Petroleum Exporting Countries
• The data is categorized under World Trend Plus’s Association: Energy Sector – Table RB.OPEC.CO: Crude Oil Production: Yearly

Crude Oil Production in Mexico decreased to 1711 BBL/D/1K in February from 1715 BBL/D/1K in January of 2025. This dataset provides the latest reported value for - Mexico Crude Oil Production - plus previous releases, historical high and low, short-term forecast and long-term prediction, economic calendar, survey consensus and news.

Key information about Norway Crude Oil: Production

• Norway Crude Oil: Production was reported at 1,794.195 Barrel/Day th in Dec 2023
• This records an increase from the previous number of 1,685.121 Barrel/Day th for Dec 2022
• Norway Crude Oil: Production data is updated yearly, averaging 1,494.157 Barrel/Day th from Dec 1960 to 2023, with 64 observations
• The data reached an all-time high of 3,182.792 Barrel/Day th in 2000 and a record low of 0.000 Barrel/Day th in 1970
• Norway Crude Oil: Production data remains active status in CEIC and is reported by Organization of the Petroleum Exporting Countries
• The data is categorized under World Trend Plus’s Association: Energy Sector – Table RB.OPEC.CO: Crude Oil Production: Yearly

Key information about Azerbaijan Crude Oil: Production

• Azerbaijan Crude Oil: Production was reported at 504.244 Barrel/Day th in Dec 2023
• This records a decrease from the previous number of 558.356 Barrel/Day th for Dec 2022
• Azerbaijan Crude Oil: Production data is updated yearly, averaging 247.052 Barrel/Day th from Dec 1960 to 2023, with 64 observations
• The data reached an all-time high of 1,014.088 Barrel/Day th in 2009 and a record low of 60.600 Barrel/Day th in 1960
• Azerbaijan Crude Oil: Production data remains active status in CEIC and is reported by Organization of the Petroleum Exporting Countries
• The data is categorized under World Trend Plus’s Association: Energy Sector – Table RB.OPEC.CO: Crude Oil Production: Yearly

In 2023, global crude oil production amounted to approximately *********** metric tons. This was the largest amount that had ever been produced and nearly *********** metric tons more than oil produced in 1998. Which countries extract the most oil? The United States is the largest oil producing country in the world. Profiting off advances in horizontal drilling and shale extraction, the U.S. has succeeded OPEC-affiliated countries, such as Saudi Arabia, in becoming the world's greatest supplier of crude oil. Oil production in the United States The U.S. has been producing oil since the 1850s. U.S. oil production initially decreased until 2008, but has been steadily increasing since. Texas is by far the U.S. state that produces the most crude oil. It is home to the Permian Basin and Eagle Ford shale play, two of the most important petroleum-rich locations in the country. The U.S. also operates numerous rigs located offshore in the Gulf of Mexico, which contribute significantly to overall oil and gas production.

Key information about Brazil Crude Oil: Production

• Brazil Crude Oil: Production was reported at 3,401.532 Barrel/Day th in Dec 2023
• This records an increase from the previous number of 3,021.636 Barrel/Day th for Dec 2022
• Brazil Crude Oil: Production data is updated yearly, averaging 629.653 Barrel/Day th from Dec 1960 to 2023, with 64 observations
• The data reached an all-time high of 3,401.532 Barrel/Day th in 2023 and a record low of 85.114 Barrel/Day th in 1960
• Brazil Crude Oil: Production data remains active status in CEIC and is reported by Organization of the Petroleum Exporting Countries
• The data is categorized under World Trend Plus’s Association: Energy Sector – Table RB.OPEC.CO: Crude Oil Production: Yearly

Key information about Colombia Crude Oil: Production

• Colombia Crude Oil: Production was reported at 776.644 Barrel/Day th in Dec 2023
• This records an increase from the previous number of 754.247 Barrel/Day th for Dec 2022
• Colombia Crude Oil: Production data is updated yearly, averaging 438.949 Barrel/Day th from Dec 1960 to 2023, with 64 observations
• The data reached an all-time high of 1,008.178 Barrel/Day th in 2013 and a record low of 123.307 Barrel/Day th in 1979
• Colombia Crude Oil: Production data remains active status in CEIC and is reported by Organization of the Petroleum Exporting Countries
• The data is categorized under World Trend Plus’s Association: Energy Sector – Table RB.OPEC.CO: Crude Oil Production: Yearly

In 2024, Pemex's crude oil production amounted to **** million barrels per day, down from some **** 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 ** percent. That same year and for the first time in almost a decade, the company reported a net income amounting to some negative ** billion U.S. dollars.

The article provides an overview of the world crude oil production by year, highlighting significant events and factors that have influenced global oil production. It explores the impact of geopolitical events, economic conditions, and technological advancements on the fluctuations in oil production over the years.

Crude Oil Production in Venezuela increased to 1066 BBL/D/1K in May from 1051 BBL/D/1K in April of 2025. This dataset provides the latest reported value for - Venezuela Crude Oil Production - plus previous releases, historical high and low, short-term forecast and long-term prediction, economic calendar, survey consensus and news.

Key information about Venezuela Crude Oil: Production

• Venezuela Crude Oil: Production was reported at 892.000 Barrel/Day th in Jan 2025
• This records a decrease from the previous number of 910.000 Barrel/Day th for Dec 2024
• Venezuela Crude Oil: Production data is updated monthly, averaging 2,321.000 Barrel/Day th from Jan 2002 to Jan 2025, with 277 observations
• The data reached an all-time high of 2,995.000 Barrel/Day th in Oct 2002 and a record low of 337.000 Barrel/Day th in Jun 2020
• Venezuela Crude Oil: Production data remains active status in CEIC and is reported by Organization of the Petroleum Exporting Countries
• The data is categorized under World Trend Plus’s Association: Energy Sector – Table RB.OPEC.CO: Crude Oil Production: OPEC Members: Monthly

Supply and disposition characteristics such as production (fuels include heavy crude, synthetic crude, etc.), input to refineries, exports and others. The data are available at the national and provincial levels. Not all combinations necessarily have data for all years.

This dataset contains information about world oil production for OPEC, OECD and the major non-OPEC producers. for 1983-2021. Data from Saudi Central Bank (SAMA). Follow datasource.kapsarc.org and it’s APIs to stay in sync and advance energy economics research.Note:* Including Condensates and Natural gas liquids

Key information about Iran Crude Oil: Production

• Iran Crude Oil: Production was reported at 3,280.000 Barrel/Day th in Jan 2025
• This records a decrease from the previous number of 3,293.000 Barrel/Day th for Dec 2024
• Iran Crude Oil: Production data is updated monthly, averaging 3,521.000 Barrel/Day th from Jan 2002 to Jan 2025, with 277 observations
• The data reached an all-time high of 3,987.000 Barrel/Day th in Jul 2005 and a record low of 1,930.000 Barrel/Day th in Jul 2020
• Iran Crude Oil: Production data remains active status in CEIC and is reported by Organization of the Petroleum Exporting Countries
• The data is categorized under World Trend Plus’s Association: Energy Sector – Table RB.OPEC.CO: Crude Oil Production: OPEC Members: Monthly