The United States accounts for **** percent of global crude oil production, making it the largest oil producing country in the world. Crude oil production includes crude oil, shale oil, oil sand and NGLs (natural gas liquids: liquid content of natural gas in which the condensate is recovered separately). It excludes liquid fuels from other sources such as biomass and coal derivatives. Global crude oil supply Apart from the United States, Saudi Arabia and Russia are among the world’s largest producers of crude oil, each accounting for a share around ** percent. Saudi Arabia's oil production has amounted to roughly ********** barrels of oil per day for the past few years. Unsurprisingly, these countries are also some of the world’s largest oil consumers. Saudi Arabia consumes around ************ barrels per day, while the U.S. uses about ********** barrels. U.S. oil trade In the past, the U.S. relied heavily on oil imports from OPEC member countries like Saudi Arabia. However, due to an increase in domestic production output following technological advances, U.S. crude oil imports decreased by over one third since 2005. Conversely, U.S. petroleum exports skyrocketed, reaching ************ barrels per day in 2024.

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.

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.

In 2024, Russia accounted for **** percent of the global oil production, making it the largest oil producer of Europe and the Commonwealth of Independent States. By comparison, Norway's oil production share stood at around ****percent. Combined, all the selected European and CIS countries accounted for ***percent of the world's crude oil production.

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Oil generates revenue for countries with enough oil reserves to produce more oil than they consume. And for those economies that are heavily dependent on imports, oil expenditures must be factored into national budgets. Not surprisingly, events such as unrest in oil-producing regions, new oil field discoveries, and advances in extraction technology profoundly affect the oil industry. Most of the time, the top oil-producing countries in the world rake in a lot of profit from oil production.

• Despite continuing growth in renewable energy, oil production continues to play a key role in the global economy.
• The top producing nations (identified by the EIA) in 2022 were the U.S., Saudi Arabia, Russia, China, and Canada.
• The United States became the world's top petroleum liquids producer in 2013 and today is the world's top crude producer.
• China's production meets just over a third of its oil consumption. leaving it the world's largest petroleum importer.

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 .

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.

The average for 2023 based on 47 countries was 0.927 percent. The highest value was in Saudi Arabia: 11.924 percent and the lowest value was in Afghanistan: 0 percent. The indicator is available from 1973 to 2023. Below is a chart for all countries where data are available.

Crude oil production by country: An overview of the top oil-producing nations and their impact on global energy markets and the world economy.

This statistic depicts the percent change in the oil production of the world's largest oil producers from 2012 to 2013. During this year, Canada increased oil production by *** percent. Recently, oil prices have decreased and, for example, countries that rely heavily on agriculture can benefit from cheaper oil, as agriculture is one of the most energy-intensive sectors in the world.

The average for 2023 based on 43 countries was 0.372 percent. The highest value was in Russia: 12.402 percent and the lowest value was in Belgium: 0 percent. The indicator is available from 1973 to 2023. Below is a chart for all countries where data are available.

The average for 2023 based on 12 countries was 0.664 percent. The highest value was in Brazil: 4.167 percent and the lowest value was in Paraguay: 0 percent. The indicator is available from 1973 to 2023. Below is a chart for all countries where data are available.

China was the largest producer of oil in the Asia-Pacific region, producing over ************ barrels per day in 2024. In the same year, India produced around ******* barrels per day. Regional consumption trends Oil remains the most consumed primary energy source, with the Asia-Pacific region accounting for about ** percent of global oil demand. In 2024, APAC’s oil consumption reached approximately ***** million barrels per day, up from ***** million barrels in 2023. China is the largest oil consumer in the region, with consumption standing at over ***** million barrels per day, followed by India at **** million barrels. These figures underscore the massive energy demand of the region’s two most populous nations and their significant influence on global oil markets. Where does China get its oil from? In 2024, China imported around ** million barrels per day of crude oil and about *** million barrels per day of refined oil products, making it the largest oil importer among countries worldwide. With limited domestic reserves, oil imports account for roughly ************** of China’s oil consumption. China’s major crude oil suppliers include Russia, Malaysia, and several Middle Eastern countries. Russia remains China’s largest crude oil supplier, accounting for about ** percent of China’s crude oil imports in 2024, followed by Saudi Arabia.

View monthly updates and historical trends for Persian Gulf Nations Crude Oil Production. Source: Energy Information Administration. Track economic data w…

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 1.532 Barrel/Day th from Dec 1960 to 2022, with 63 observations
• The data reached an all-time high of 13.643 Barrel/Day th in 1981 and a record low of 0.454 Barrel/Day th in 2004
• 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

Global Coconut Oil Production Share by Country (Metric Tons), 2023 Discover more data with ReportLinker!

In 2019, Vegetable Oils Production in Malaysia jumped by 0.2% compared to a year earlier.

The average for 2023 based on 47 countries was 0.094 percent. The highest value was in Nigeria: 1.766 percent and the lowest value was in Benin: 0 percent. The indicator is available from 1973 to 2023. Below is a chart for all countries where data are available.

Cross sectional data, all countries for the statistic Oil_Production_Change_In_Percent_(y_o_y). Oil Production Change in Percent (y-o-y)