The United States is the world's largest crude oil producer. In 2024, it had an output of 20.1 million barrels worth of oil per day. This was nearly 13 million barrels more than in 2010 and largely a result of advances in unconventional tight oil production. Saudi Arabia and Russia ranked second and third, at around 10.9 and 10.8 million barrels daily respectively. Oil production includes crude oil, shale oil, oil sands, and natural gas liquids. Distribution of U.S. oil production The U.S. is divided into five regional divisions for oil production, known as Petroleum Administration for Defense District’s (PADD), which were created during World War II. The main goal was to organize the allocation of fuels from petroleum products and for data collection purposes these regions are still currently used. Out of all PADD's, PADD 3, including the Gulf Coast states, has recorded by far the largest daily crude oil production, at some 7.9 million barrels in 2021. By comparison, PADD 1 (East Coast) production volumes were 74 thousand barrels per day. The importance of PADD 3 to the country’s overall oil output is hardly surprising as Texas is by far the state with the largest crude oil production. U.S. natural gas production Besides being the world's largest oil producer, the U.S. is also the world’s largest natural gas producer. It produced over one trillion cubic meters in 2024, despite ranking fifth in terms of proved natural gas reserves .

Arctic oil and gas production has been on a growing trend since, at least, the beginning of the last decade. In 2022, Russia's production of Arctic oil and gas amounted to some ***** million barrels of oil equivalent per day, being by far the largest producer across the globe. The majority of oil production in Russia is located in the Arctic region. Meanwhile, Norway's Arctic production increased in recent years, reaching nearly ******* barrels of oil equivalent per day in 2022. Production in the U.S. followed closely, amounting to some *** billion barrels of oil equivalent that year.

This dataset provides values for CRUDE OIL PRODUCTION reported in several countries. The data includes current values, previous releases, historical highs and record lows, release frequency, reported unit and currency.

This dataset provides values for CRUDE OIL PRODUCTION reported in several countries. The data includes current values, previous releases, historical highs and record lows, release frequency, reported unit and currency.

Russia accounted for the largest share of global emissions from oil and gas production and transport in 2023, at roughly ** percent. The United States ranked second, with a share of ** percent. Overall, the four largest emitters from this sector were responsible for more than ** percent of the world's oil and gas production and transport emissions.

The United States produced the most oil in the world in 2024, at around ************ barrels of oil per day on average. Saudi Arabia and Russia followed as the second and third largest producers, and also rank amongst the top countries with highest oil exports. OPEC production share Many of the top oil-producing countries belong to the Organization of the Petroleum Exporting Countries, also known as OPEC. The group was founded in 1960 by five original members: Iran, Iraq, Kuwait, Saudi Arabia, and Venezuela. As of 2023, 15 nations belong to OPEC, and the organization holds powerful influence on the prices of oil, with some ** percent of the total global share of crude oil production coming from OPEC. Increased production in the United States The United States was not always the largest producer of oil, but imported oil at higher rates before the 2008 financial crisis. As foreign oil prices peaked during the Recession, investors sought to develop technology to extract more oil domestically, notably through hydraulic fracturing. Since then, oil production in the United States has nearly doubled, reducing the need for imports.

This dataset provides values for CRUDE OIL PRODUCTION reported in several countries. The data includes current values, previous releases, historical highs and record lows, release frequency, reported unit and currency.

Oil and gas producing countries in the Middle East are among those with the highest reliance on oil and gas for their economic performance. In 2023, Saudi Arabia attributed **** of its GDP to oil and gas industry activity. Of the five countries with the highest oil and gas share in GDP, **** were in the Middle East. By comparison, despite being the world’s largest oil producer, the oil and gas industry in the United States accounted for only ***** percent of total GDP. The role of oil and gas in Saudi Arabia The oil and gas industry is the single most significant contributor to the economy of Saudi Arabia. The country is home to the largest conventional oil field in the world, the Ghawar Field, and oil production reaches around ************ barrels per day. Oil and gas exports are the country’s main means of income. Due to a lower domestic demand than its closest producing competitors, the U.S. and Russia, Saudi Arabia has remained the country with the highest value of oil exports. In 2023, oil exports brought in over *********** U.S. dollars. GDP growth amid a stagnating oil market Oil prices and as such oil demand are the greatest determinant for the industry’s financial contributions. In 2024, a sluggish world oil market dampened prices for most of the second half of the year. This will likely be reflected in the fiscal year performance of major oil and gas entities such as Saudi Arabia’s Saudi Aramco and also impact GDP growth projections.

The average for 2021 based on 181 countries was 2.69 percent. The highest value was in Libya: 56.38 percent and the lowest value was in Antigua and Barbuda: 0 percent. The indicator is available from 1970 to 2021. Below is a chart for all countries where data are available.

As per Cognitive Market Research's latest published report, the Global Oil Exploration and Production market size is $3,588.98 Million in 2024 and it is forecasted to reach $5,116.57 Billion by 2031. Oil Exploration and Production Industry's Compound Annual Growth Rate will be 5.20% from 2024 to 2031. Market Dynamics of the Oil Exploration and Production Market

Market Driver for the Oil Exploration and Production Market

The increasing investment in oil sector by several government bodies worldwide elevates the market growth 

Many countries view a stable and secure energy supply as crucial for their economic development and national security. Investing in the oil sector helps ensure a reliable source of energy. Oil exploration and production contribute significantly to the economic growth of a country. Governments often invest in the oil sector to capitalize on the potential for high returns, which can be used to fund public services, infrastructure projects, and other essential programs. Despite efforts to transition to renewable energy sources, the global demand for oil remains high. Governments recognize the need to meet this demand and ensure a stable energy supply to support industrial processes, transportation, and other key sectors. The oil and gas industry encompasses activities linked to exploration, including the search for hydrocarbons, identification of high-potential areas for oil and gas extraction, test drilling, the construction of wells, and initial extraction. According to the Center on Global Energy Policy, data 2023, the 2021–22 period of high oil and gas prices did not lead to a significant increase in capital spending by private companies despite record profits. One exception has been upstream exploration and production (E&P) companies, whose capital spending in 2022 was the highest since 2014.   According to the International Labor Organization (ILO), data 2022, the oil and gas industry makes a significant contribution to the global economy and to its growth and development worldwide. The oil industry alone accounts for almost 3 per cent of global domestic product. The trade in crude oil reached US$640 billion in 2020, making it one of the world’s most traded commodities. Additionally, the industry is highly capital-intensive. Globally investments in oil and gas supply reached more than US$511 billion in 2020. According to the oil and gas industry outlook, data 2023, rapid recovery in demand, and geopolitical developments have driven oil prices to 2014 highs and upstream cash flows to record levels. In 2022, the global upstream industry is projected to generate its highest-ever free cash flows of $1.4 trillion at an assumed average Brent oil price of $106/bbl. Until now, the industry has practiced capital discipline and focused on cash flow generation and pay-out—2022 year-to-date average O&G production is up by 4.5% over the same period last year, while 2022 free cash flows per barrel of production is projected to be higher by nearly 70% over 2021. In addition, high commodity prices and growing concerns over energy security are creating urgency for many to diversify supply and accelerate the energy transition. As a result, clean energy investment by Oil &Gas companies has risen by an average of 12% each year since 2020 and is expected to account for an estimated 5% of total Oil & Gas capex spending in 2022, up from less than 2% in 2020.Therefore, investments made over recent decades enabled the United States to become a world leader in oil and natural gas production. Thus, owing to increased oil production, the demand for oil exploration and production has surged during the past few years.

The rising demand for oil across both commercial and residential sector is expected to drive the market growth 

Oil remains a primary source of energy for transportation, including cars, trucks, ships, and airplanes. The growing global population, urbanization, and increased industrial activity contribute to a rise in the number of vehicles and the overall demand for transportation fuels derived from oil, such as gasoline and diesel. Many industrial processes rely on oil and its by-products as energy sources and raw materials. Industries such as manufacturing, petrochemicals, and construction utilize oil-based products for various applications, including heating, power generation, and the production of pl...

■Purpose and Overview This grant is a project to develop various human resources in oil and gas producing countries that will contribute to strengthening relations between our country and its partners (Hereinafter referred to as the "Oil and Gas Producing Countries Advanced Human Resource Development Support Program".). and projects to transfer our country's advanced technologies, upgrade infrastructure and equipment of the oil industry, and conduct surveys for oil and combustible natural gas development (Hereinafter referred to as "Oil and Gas Producing Countries Business Environment Improvement Project".). Our country and to secure a stable and affordable supply of oil and combustible natural gas. 」 Yes. (Source)

■ Eligibility Eligible applicants must be private sector residents who:

For consortium-type applications, you must designate an organizer and the organizer must submit a business proposal. (However, the organizer cannot entrust all the work to another person.)

(1) Must be based in Japan.

(2) The Company has the organization, personnel, etc. to properly execute the Business.

(3) The applicant has a management base necessary for the smooth execution of the Project and sufficient management capability for funds, etc.

(4) grant under the jurisdiction of the the Ministry of Economy, Trade and Industry: The foreign national does not fall under any of the requirements for measures listed in Column 1 of Appended Tables 1 and 2 of the Guidelines for Suspension of Issuance, etc. and Suspension of Nomination, etc. Pertaining to Contracts (KAI Division No. 1 No. 29, 15).

■ Remarks The "maximum subsidy amount" below is for budget for grants and there is no maximum subsidy amount per 1.

■ Contact: 1 - 3 - 1, Kasumigaseki, Chiyoda-ku, Tokyo 100 -8931 Resources and Fuel Department, Agency for Natural Resources and Energy, the Ministry of Economy, Trade and Industry Petroleum and Natural Gas Division: Kodama E-mail: kodama-mami@meti.go.jp

■ Reference URL: (Agency for Natural Resources and Energy HP)

Oil and gas producers have experienced high volatility in recent years. The pandemic halted the economy and ripped away steady growth as restrictions limited the need for oil and gas. The conflict in Ukraine added to the uncertainty, as the reliance on Russian oil and gas was distributed between domestic producers and other sources. As the economy recovered, the need for oil and gas shot up quicker than supply could match, causing prices to surge and generating substantial returns. Nonetheless, this growth was short-lived as prices fell in 2023 and 2024, causing revenue to dip, despite massive upticks in production. Overall, revenue has swelled at a CAGR of 10.7% over the five years, reaching $509.4 billion in 2025, including a 3.9% uptick in 2025 alone. Exports of crude oil and natural gas from the United States had long been banned with few exceptions, but legislation passed in 2016 overturned this rule and dramatically changed the industry. Exports pushed up dramatically as producers sought to capitalize on opportunities abroad. They have continued to climb in recent years, becoming essential to producers' success. Sanctions placed on Russian energy have bolstered export growth, with the Netherlands becoming the largest US energy export market late over the current period. Innovation in drilling technology will drive the performance of producers forward, but environmental concerns and increasing pressure to convert to renewables will limit success. Fossil fuel prices will weaken steadily but remain high, providing solid profit for producers. The trade-weighted index falling over the outlook period will benefit exports and reduce import penetration. European countries continuing to reduce their reliance on Russian energy may provide US producers with new opportunities. Nonetheless, imports and exports to and from Mexico and Canada may be impacted if reflationary energy tariffs are instated. Overall, revenue is set to dip at a CAGR of 2.3% to $452.5 billion through the end of 2030.

Key information about Egypt Natural Gas Production: OPEC: Marketed Production

• Egypt Natural Gas Production: OPEC: Marketed Production was reported at 59,328.000 Cub m mn in Dec 2023
• This records a decrease from the previous number of 67,000.000 Cub m mn for Dec 2022
• Egypt Natural Gas Production: OPEC: Marketed Production data is updated yearly, averaging 9,450.000 Cub m mn from Dec 1960 to 2023, with 64 observations
• The data reached an all-time high of 70,400.000 Cub m mn in 2021 and a record low of 0.000 Cub m mn in 1963
• Egypt Natural Gas Production: OPEC: Marketed 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.NG: Natural Gas Production: Marketed Production

Key information about Syria Crude Oil: Production

• Syria Crude Oil: Production was reported at 32.112 Barrel/Day th in Dec 2022
• This records an increase from the previous number of 22.838 Barrel/Day th for Dec 2021
• Syria Crude Oil: Production data is updated yearly, averaging 166.671 Barrel/Day th from Dec 1960 to 2022, with 63 observations
• The data reached an all-time high of 622.810 Barrel/Day th in 1995 and a record low of 20.581 Barrel/Day th in 2018
• Syria 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

This dataset contains data representing representing proven reserves, production, consumption, exports and imports of oil by country.

COLUMN DESCRTION

• 'Rank': rank of the country
• 'Country': name of the country
• 'Proven_reserves': proven reserves of the country (measured in number of barrels (bbl))
• 'Production': production of oil by country (measured in bbl/day)
• 'Consumption': consumption of oil by country (measured in bbl/day)
• 'Exports': exports of oil by country (measured in bbl/day)
• 'Imports': imports of oil by country (measured in bbl/day)

Jordan Oil and Gas Production: Domestic: Natural Gas data was reported at 6.130 Cub ft bn in 2023. This records an increase from the previous number of 5.380 Cub ft bn for 2022. Jordan Oil and Gas Production: Domestic: Natural Gas data is updated yearly, averaging 6.510 Cub ft bn from Dec 1989 (Median) to 2023, with 35 observations. The data reached an all-time high of 10.900 Cub ft bn in 1998 and a record low of 3.300 Cub ft bn in 2018. Jordan Oil and Gas Production: Domestic: Natural Gas data remains active status in CEIC and is reported by Ministry of Energy and Mineral Resources. The data is categorized under Global Database’s Jordan – Table JO.RB001: Energy Production.

European Natural Gas Production Share by Country (Thousand Tonnes Of Oil Equivalent), 2023 Discover more data with ReportLinker!

European Oil and Gas Extraction Production Value by Country, 2023 Discover more data with ReportLinker!

European Oil and Gas Extraction Number of Persons Employed by Country, 2023 Discover more data with ReportLinker!

The United States had the highest methane emissions arising from oil and gas operations in 2023, at 13.3 million metric tons. Russia was the second-largest emitter that year, with just over 11 million metric tons of methane emitted from oil and gas operations.