This dataset contains China Oil Database for 2002-2021. Data from Joint Organisations Data Initiative. Follow datasource.kapsarc.org for timely data to advance energy economics research.

In 2024, the United States consumed nearly ** million barrels of oil daily. In comparison to the previous year, figures decreased by around *** percent. Within the period of consideration, the figure peaked at **** million barrels of oil daily in 2005. The U.S. is the country with the highest oil consumption in the world. Domestic production U.S. oil production saw a noticeable growth after the Great Recession, as the energy industry developed extraction technologies to reduce the need to import high-priced oil. In 2021, domestic production amounted to **** million barrels per day, while figures in 2008 stood at *** million barrels per day. Texas is by far the leading crude oil producing state, with an annual production of *** billion barrels in 2024. New Mexico was the second largest producer, at a third of Texas’ production. American oil companies As of June 2025, ExxonMobil had the highest market capitalization of any oil and gas producer in the world. Chevron and ConocoPhillips were also among the top 10 oil and gas companies worldwide based on market value, ranking ****** and ******** respectively. ExxonMobil was founded in 1999, as a merger of Exxon and Mobil, formerly the Standard Oil Company of New Jersey and Standard Oil Company of New York, respectively. ExxonMobil is headquartered in Irving, Texas (although it has recently announced it will move its headquarters further South to its Houston campus) and generated an operating revenue of *** billion U.S. dollars in 2023. This figure represented an increase in comparison to 2021, when the company’s revenue dropped as a consequence of the coronavirus pandemic.

Crude Oil Production in Cuba remained unchanged at 26 BBL/D/1K in March. This dataset provides - Cuba Crude Oil Production- actual values, historical data, forecast, chart, statistics, economic calendar and news.

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

Heating Oil fell to 2.39 USD/Gal on July 16, 2025, down 0.68% from the previous day. Over the past month, Heating Oil's price has fallen 5.19%, and is down 4.39% compared to the same time last year, according to trading on a contract for difference (CFD) that tracks the benchmark market for this commodity. Heating oil - values, historical data, forecasts and news - updated on July of 2025.

Key information about Peru Crude Oil: Production

• Peru Crude Oil: Production was reported at 53.008 Barrel/Day th in Dec 2019
• This records an increase from the previous number of 48.915 Barrel/Day th for Dec 2018
• Peru Crude Oil: Production data is updated yearly, averaging 77.314 Barrel/Day th from Dec 1960 to 2019, with 60 observations
• The data reached an all-time high of 196.378 Barrel/Day th in 1982 and a record low of 40.251 Barrel/Day th in 2016
• Peru 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 Iran decreased to 3241 BBL/D/1K in June from 3303 BBL/D/1K in May 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.

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.

Key information about China Oil Consumption

• China Oil Consumption was reported at 16,576.537 Barrel/Day th in Dec 2023
• This records an increase from the previous number of 14,969.983 Barrel/Day th for Dec 2022
• China Oil Consumption data is updated yearly, averaging 2,965.072 Barrel/Day th from Dec 1965 to 2023, with 59 observations
• The data reached an all-time high of 16,576.537 Barrel/Day th in 2023 and a record low of 215.494 Barrel/Day th in 1965
• China Oil Consumption data remains active status in CEIC and is reported by BP PLC
• The data is categorized under World Trend Plus’s Association: Energy Sector – Table RB.BP.OIL: Oil: Consumption

This dataset contains Saudi Arabia Oil Database for 2002-2021. Data from Joint Organisations Data Initiative. Follow datasource.kapsarc.org for timely data to advance energy economics research.

This digital dataset contains historical geochemical and other information for 200 samples of produced water from 182 sites in 25 oil fields in Los Angeles and Orange Counties, southern California. Produced water is a term used in the oil industry to describe water that is produced as a byproduct along with the oil and gas. The locations from which these historical samples have been collected include 152 wells. Well depth and (or) perforation depths are available for 114 of these wells. Sample depths are available for two additional wells in lieu of well or perforation depths. Additional sample sites include four storage tanks, and two unidentifiable sample sources. One of the storage tank samples (Dataset ID 57) is associated with a single identifiable well. Historical samples from other storage tanks and unidentifiable sample sources may also represent pre- or post-treated composite samples of produced water from single or multiple wells. Historical sample descriptions provide further insight about the site type associated with some of the samples. Twenty-four sites, including 21 wells, are classified as "injectate" based on the sample description combined with the designated well use at the time of sample collection (WD, water disposal or WF, water flood). Historical samples associated with these sites may represent water that originated from sources other than the wells from which they were collected. For example, samples collected from two wells (Dataset IDs 86 and 98) include as part of their description “blended and treated produced water from across the field”. Historical samples described as formation water (45 samples), including 38 wells with a well type designation of OG (oil/gas), are probably produced water, representing a mixture of formation water and water injected for enhanced recovery. A possible exception may be samples collected from OG wells prior to the onset of production. Historical samples from four wells, including three with a sample description of "formation water", were from wells identified as water source wells which access groundwater for use in the production of oil. The numerical water chemistry data were compiled by the U.S. Geological Survey (USGS) from scanned laboratory analysis reports available from the California Geologic Energy Management Division (CalGEM). Sample site characteristics, such as well construction details, were attributed using a combination of information provided with the scanned laboratory analysis reports and well history files from CalGEM Well Finder. The compiled data are divided into two separate data files described as follows: 1) a summary data file identifying each site by name, the site location, basic construction information, and American petroleum Institute (API) number (for wells), the number of chemistry samples, period of record, sample description, and the geologic formation associated with the origin of the sampled water, or intended destination (formation into which water was to intended to be injected for samples labeled as injectate) of the sample; and 2) a data file of geochemistry analyses for selected water-quality indicators, major and minor ions, nutrients, and trace elements, parameter code and (or) method, reporting level, reporting level type, and supplemental notes. A data dictionary was created to describe the geochemistry data file and is provided with this data release.

Ecuador Crude Oil Production: Petroleum Product: Fuel Oil data was reported at 810.435 Barrel th in May 2018. This records a decrease from the previous number of 814.455 Barrel th for Apr 2018. Ecuador Crude Oil Production: Petroleum Product: Fuel Oil data is updated monthly, averaging 743.012 Barrel th from Jan 2006 (Median) to May 2018, with 149 observations. The data reached an all-time high of 1,132.289 Barrel th in Mar 2006 and a record low of 279.747 Barrel th in Jun 2016. Ecuador Crude Oil Production: Petroleum Product: Fuel Oil data remains active status in CEIC and is reported by Central Bank of Ecuador. The data is categorized under Global Database’s Ecuador – Table EC.RB001: Crude Oil Statistics.

On July 14, 2025, the Brent crude oil price stood at 69.18 U.S. dollars per barrel, compared to 66.98 U.S. dollars for WTI oil and 72 U.S. dollars for the OPEC basket. Brent and WTI prices fell slightly that week, while OPEC prices rose.Europe's Brent crude oil, the U.S. WTI crude oil, and OPEC's basket are three of the most important benchmarks used by traders as reference for oil and gasoline prices. Lowest ever oil prices during coronavirus pandemic In 2020, the coronavirus pandemic resulted in crude oil prices hitting a major slump as oil demand drastically declined following lockdowns and travel restrictions. Initial outlooks and uncertainty surrounding the course of the pandemic brought about a disagreement between two of the largest oil producers, Russia and Saudi Arabia, in early March. Bilateral talks between global oil producers ended in agreement on April 13th, with promises to cut petroleum output and hopes rising that these might help stabilize the oil price in the coming weeks. However, with storage facilities and oil tankers quickly filling up, fears grew over where to store excess oil, leading to benchmark prices seeing record negative prices between April 20 and April 22, 2020. How crude oil prices are determined As with most commodities, crude oil prices are impacted by supply and demand, as well as inventories and market sentiment. However, as oil is most often traded in future contracts (where a contract is agreed upon while product delivery will follow in the next two to three months), market speculation is one of the principal determinants for oil prices. Traders make conclusions on how production output and consumer demand will likely develop over the coming months, leaving room for uncertainty. Spot prices differ from futures in so far as they reflect the current market price of a commodity.

In 2023, Russia consumed over 165 million metric tons of oil, marking an increase of 1.9 million metric tons compared to the previous year. That was the highest figure over the period under consideration. In 2020, oil consumption declined following the coronavirus (COVID-19) pandemic and a subsequent drop in car sales across the country. Oil use in the transport sector Russia is the world’s fifth-largest oil consumer. The largest share of petroleum in the country is used by its transport sector, with motor gasoline occupying the largest portion of final oil consumption. Given relatively low gasoline prices compared to the world and no advanced compressed natural gas (CNG) or electric vehicle markets, the road transportation sector in Russia strongly relies on oil. Energy transition: prospects for Russia? A decline in the global oil demand is expected to have a negative effect on Russia’s energy exports. Furthermore, domestic oil consumption volume is forecast to noticeably decrease under both rapid transition and business-as-usual scenarios. From 6.4 exajoules of oil consumed in 2019, oil consumption in Russia is expected to decline to 5.6 exajoules under the 2050 New Momentum scenario and to 2.4 exajoules under the 2050 Net Zero scenario.

Graph and download economic data for All Employees, Oil and Gas Extraction (CES1021100001) from Jan 1972 to Jun 2025 about extraction, logging, oil, mining, gas, establishment survey, employment, and USA.

Urals Oil fell to 65.46 USD/Bbl on July 15, 2025, down 0.09% from the previous day. Over the past month, Urals Oil's price has fallen 2.27%, and is down 18.90% compared to the same time last year, according to trading on a contract for difference (CFD) that tracks the benchmark market for this commodity. This dataset includes a chart with historical data for Urals Crude.

Saudi Arabia’s crude oil exports in 2023 had a value of ***** billion U.S. dollars. This was the highest amount made by any crude oil exporting country that year and corresponded to a **** percent share of global crude exports based on value. What is crude oil and who are the largest producers? Crude oil is unrefined petroleum that is made up of hydrocarbons as well as other organic materials. It is a fossil fuel that can be refined to create products such as transportation and heating fuels, as well as plastics, resins, solvents, and lubricants. It is a nonrenewable resource, meaning that there is a limited amount of it on Earth and it cannot be replaced naturally at the same rate as our current global consumption. Global oil production stands at nearly ** million barrels per day. Oil production in Saudi Arabia It follows that as the greatest exporter based on value, Saudi Arabia is also one of the world’s largest oil producers. As of 2023, the Middle Eastern country and OPEC member state accounted for a **** percent share of oil produced, second only to the United States. As the U.S. is also the country with the highest oil consumption worldwide, it uses more oil domestically and exports less than its competitors. The U.S. export value was roughly half that of Saudi Arabia.

Version: GOGI_V10_2This data was downloaded as a File Geodatabse from EDX at https://edx.netl.doe.gov/dataset/global-oil-gas-features-database. This data was developed using a combination of big data computing, custom search and data integration algorithms, and expert driven search to collect open oil and gas data resources worldwide. This approach identified over 380 data sets and integrated more than 4.8 million features into the GOGI database.Access the technical report describing how this database was produced using the following link: https://edx.netl.doe.gov/dataset/development-of-an-open-global-oil-and-gas-infrastructure-inventory-and-geodatabase” Acknowledgements: This work was funded under the Climate and Clean Air Coalition (CCAC) Oil and Gas Methane Science Studies. The studies are managed by United Nations Environment in collaboration with the Office of the Chief Scientist, Steven Hamburg of the Environmental Defense Fund. Funding was provided by the Environmental Defense Fund, OGCI Companies (Shell, BP, ENI, Petrobras, Repsol, Total, Equinor, CNPC, Saudi Aramco, Exxon, Oxy, Chevron, Pemex) and CCAC.Link to SourcePoint of Contact: Jennifer Bauer email:jennifer.bauer@netl.doe.govMichael D Sabbatino email:michael.sabbatino@netl.doe.gov

Crude Oil Production in Iraq increased to 3627 BBL/D/1K in June from 3605 BBL/D/1K in May of 2025. This dataset provides the latest reported value for - Iraq Crude Oil Production - plus previous releases, historical high and low, short-term forecast and long-term prediction, economic calendar, survey consensus and news.

The oil drilling and gas extraction industry in the United States had an estimated market value of 737.3 billion U.S. dollars as of September 2023. The industry employed around 149,000 people as of that time, which was a decrease of more than 70,000 people compared to February 2022.

The U.S. extracts around eight million barrels worth of oil every day, with the Permian basin being the largest oil producing region.