Oil production in the United States amounted to around 857.9 million metric tons in 2024, an increase when compared to the previous year and the highest figure recorded within the period of consideration. Between 1998 and 2024, figures increased by 490 million metric tons.

Crude Oil Production in the United States increased to 13468 BBL/D/1K in April from 13450 BBL/D/1K in March 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.

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.

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

Texas is by far the largest oil-producing state in the United States. In 2024, Texas produced a total of over two billion barrels. In a distant second place is New Mexico, which produced 744.6 million barrels in the same year. Virginia is the smallest producing state in the country, at three thousand barrels. Macro perspective of U.S. oil production The U.S. oil production totaled some 19.4 million barrels of oil per day, or a total annual oil production of 827 million metric tons in 2023. 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 590 operational oil and gas rigs in the country as of February 2025.

Weekly Crude Oil Production in the United States decreased to 13385 Thousand Barrels Per Day in July 4 from 13433 Thousand Barrels Per Day in the previous week. This dataset includes a chart with historical data for the United States Weekly Crude Oil Production.

The Middle East produces more oil than any other region in the world, accounting for slightly less than ******* of global oil production in 2024, at **** percent. Overall, Middle Eastern oil production makes up a slightly larger share of global production than it did ten years ago, but the contribution to worldwide oil production has risen most consistently in North America while declining in all other regions. Shifts in North American oil production Over the past decade, higher oil production in North America has largely been driven by the United States. In the last ten years, oil production in the United States has more than doubled, with its annual output only mildly affected by the coronavirus pandemic. Meanwhile, Canada's crude oil production has also increased in the period, although in a less consistent manner. The U.S. moves towards less dependency Oil prices from OPEC countries, many of which are in the Middle East, had been rising in the years leading up to the global recession, reaching a peak in 2012. As a result, the United States decreased oil imports, and investors capitalized on lower interest rates to develop technologies such as hydraulic fracturing (fracking) that would allow domestic oil extraction from wells deep underground that were once too hard to reach. In 2019, before oil demand was affected by the pandemic, the North American country's imports dipped below *** million barrels, a ** percent drop in comparison to a decade earlier.

A comprehensive overview of domestic oil production in the United States over the years, including the factors influencing fluctuations and the role of technological advancements, government policies, and market conditions. Explore the production levels from 2000 to 2021, highlighting significant milestones and the impact of shale oil resources and advanced extraction technologies.

Crude Oil Production: Year to Date: Gansu data was reported at 3.277 Ton mn in Mar 2025. This records an increase from the previous number of 2.052 Ton mn for Feb 2025. Crude Oil Production: Year to Date: Gansu data is updated monthly, averaging 0.428 Ton mn from Dec 2002 (Median) to Mar 2025, with 243 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.

Global oil production amounted to ************ barrels per day in 2024. The level of oil production reached an all-time high in 2024. 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.

Crude Oil Production in Russia remained unchanged at 9795 BBL/D/1K in March. This dataset provides the latest reported value for - Russia Crude Oil Production - plus previous releases, historical high and low, short-term forecast and long-term prediction, economic calendar, survey consensus and news.

The gross output of the U.S. oil and gas extraction industry stood at 478.75 billion U.S. dollars in 2023, up from 652.94 billion dollars in the previous year. Gross output saw a net increase since 2017 and generally reflect changes in crude oil prices and underlying world market developments. Growth in industry's value added Taking into account the cost of services and goods used during production, the industry's value added has increased along greater gross output. In 2023, value added by the U.S. oil and gas extraction industry climbed to over 250 billion U.S. dollars. Trends in domestic oil production Domestic oil production has grown exceptionally since technological advances and historically high oil prices made shale mining profitable. Between 2008 and 2023, U.S. oil production increased nearly three-fold, reaching a new peak in the latter year.

Refined Crude Oil Production: Year to Date: Shaanxi data was reported at 5,178.000 Ton th in Mar 2025. This records an increase from the previous number of 3,408.000 Ton th for Feb 2025. Refined Crude Oil Production: Year to Date: Shaanxi data is updated monthly, averaging 8,740.000 Ton th from Apr 2002 (Median) to Mar 2025, with 261 observations. The data reached an all-time high of 21,241.000 Ton th in Dec 2012 and a record low of 700.000 Ton th in Jan 2005. Refined Crude Oil Production: Year to Date: Shaanxi 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: Refined Crude Oil.

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

Crude Oil Production in China increased to 4500 BBL/D/1K in March from 4340 BBL/D/1K in February of 2025. 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.

Iraq Total Crude Oil Production rose 3.9% in 2019, compared to a year earlier.

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: Year to Date: Guangdong data was reported at 5.339 Ton mn in Mar 2025. This records an increase from the previous number of 3.403 Ton mn for Feb 2025. Crude Oil Production: Year to Date: Guangdong data is updated monthly, averaging 8.143 Ton mn from Apr 2002 (Median) to Mar 2025, with 260 observations. The data reached an all-time high of 20.681 Ton mn in Dec 2024 and a record low of 0.971 Ton mn in Jan 2012. Crude Oil Production: Year to Date: Guangdong 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.

Graph and download economic data for Gross Domestic Product: Oil and Gas Extraction (211) in the United States (USOILGASNGSP) from 1997 to 2023 about extraction, oil, mining, gas, GSP, private industries, private, industry, GDP, and USA.

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.