This statistic shows the impact of the Arab Spring on the oil production in selected Arab countries, comparing 2010 and 2011. The revolution lead to a total oil production decrease of approximately 1.3 million barrels per day.

Crude Oil Production in Algeria increased to 927 BBL/D/1K in June from 920 BBL/D/1K in May of 2025. This dataset provides the latest reported value for - Algeria Crude Oil Production - plus previous releases, historical high and low, short-term forecast and long-term prediction, economic calendar, survey consensus and news.

Crude Oil Production in Mexico decreased to 1697 BBL/D/1K in March from 1711 BBL/D/1K in February 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.

The International Energy Agency expects global oil demand do decline by 9.3 million barrels per day in 2020 compared to the previous year. The coronavirus pandemic and resulting decline in consumer demand have had catastrophic implications for many oil producers, with concerns about dwindling storage capacities resulting in many benchmark oil prices reaching new lows. For further information about the coronavirus (COVID-19) pandemic, please visit our dedicated Fact and Figures page.

Since 1998, the overall volume of oil imports into Europe increased from approximately ** million barrels per day to around **** million in 2024. Figures peaked in 2017, at around ** million barrels of oil daily. Since then, European oil imports have been on a mostly declining trend. In recent years, the European Union’s share of crude oil imports amounted to ** percent of the global volume. Production falls The increase in oil imports coincides with a fall in oil production. At the turn of the century, oil production in the European Union amounted to *** million metric tons. By 2023, this had fallen to just ** million metric tons. Europe's oil consumption Throughout the EU, Germany consumes the largest quantity of oil. Demand in the country amounted to over *** million barrels per day in 2024. In comparison, France had the second highest demand in the region, at **** million barrels per day.

This analysis presents a rigorous exploration of financial data, incorporating a diverse range of statistical features. By providing a robust foundation, it facilitates advanced research and innovative modeling techniques within the field of finance.

OPEC Oil Output Falls Sharply, Putting Upward Pressure on Prices

Financial data:

• Historical daily stock prices (open, high, low, close, volume)

• Fundamental data (e.g., market capitalization, price to earnings P/E ratio, dividend yield, earnings per share EPS, price to earnings growth, debt-to-equity ratio, price-to-book ratio, current ratio, free cash flow, projected earnings growth, return on equity, dividend payout ratio, price to sales ratio, credit rating)

• Technical indicators (e.g., moving averages, RSI, MACD, average directional index, aroon oscillator, stochastic oscillator, on-balance volume, accumulation/distribution A/D line, parabolic SAR indicator, bollinger bands indicators, fibonacci, williams percent range, commodity channel index)

Machine learning features:

• Feature engineering based on financial data and technical indicators

• Sentiment analysis data from social media and news articles

• Macroeconomic data (e.g., GDP, unemployment rate, interest rates, consumer spending, building permits, consumer confidence, inflation, producer price index, money supply, home sales, retail sales, bond yields)

Potential Applications:

• Stock price prediction

• Portfolio optimization

• Algorithmic trading

• Market sentiment analysis

• Risk management

Use Cases:

• Researchers investigating the effectiveness of machine learning in stock market prediction

• Analysts developing quantitative trading Buy/Sell strategies

• Individuals interested in building their own stock market prediction models

• Students learning about machine learning and financial applications

Additional Notes:

• The dataset may include different levels of granularity (e.g., daily, hourly)

• Data cleaning and preprocessing are essential before model training

• Regular updates are recommended to maintain the accuracy and relevance of the data

Russia accounted for ** percent of the total oil output cut within the OPEC+ deal in May and June 2020. The deal was agreed on in ********** after a sharp fall in oil demand due to the COVID-19 pandemic and an oil price war between Russia and Saudi Arabia that resulted in a collapse of the previous deal. Compared to the first three months of that year, Russia's share in the output reduction increased by ***** percent.

Crude Oil Production in Venezuela increased to 1069 BBL/D/1K in June from 1066 BBL/D/1K in May 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.

The author argues that the economic benefits of low gasoline prices for the U.S. economy have fallen substantially since the reemergence of America as a major oil producer. The old rule-of thumb that a 10% fall in the oil price raises inflation-adjusted U.S. GDP by 0.2% is too large—the impact on economic activity should be closer to zero, and may even be negative if consumption grows slowly. The reasons for this change are straightforward, if underappreciated: (i) the value of oil production accounts for a larger share of the U.S. economy; and (ii) consumers are not spending the windfall like they used to because of higher debt levels, limited access to credit, slow wage rowth, and an older population.

Oil prices fell as a strong U.S. dollar and potential OPEC+ output increases influenced the market, with Brent and WTI futures both seeing declines.

The present report has been prepared to identify all activities that currently relate to the production and recovery of oil from U.S. tar sands. These activities fall into four categories: 1. Active field pilot and production operations to develop and test processes for the recovery of oil from tar sands and heavy oils; 2. Efforts to develop field tests in particular tar sand deposits or tests of new recovery technologies that have been developed and laboratory tested; 3. Laboratory and related research pertaining to development of recovery technologies and solutions to related problems; and 4. Analysis and evaluation of the oil resource in tar sands.

Graph and download economic data for Mining: Oil and Gas Extraction Payroll Employment in Texas (TX10211000M175FRBDAL) from Jan 1990 to Jun 2025 about extraction, payrolls, oil, mining, gas, TX, employment, and USA.

Global oil and gas production companies have gone through significant turbulence for most of the period. The pandemic and its accompanying lockdowns severely disrupted producers as revenue fell double digits and the industry's largest market, the transportation sector, was limited. This was quickly reversed as the economy opened and supply outpaced demand, causing prices to skyrocket. High prices, accompanied by swelling production, led to surging revenue. While prices eventually came back down late in the period, they remained high. Overall revenue has pushed up at a CAGR of 6.0% to $4.2 trillion through the end of 2024, including a slight 1.9% uptick in 2024 alone. Profit also surged as purchase costs came down. Emerging markets in BRIC nations, Southeast Asia and Africa continue to drive growth because of rapid industrialization and population increases, heightening the need for crude oil, natural gas and related downstream products. Even so, the gradual shift toward renewable energy poses challenges for producers, as many countries have implemented regulations and incentives to promote clean energy use. Geopolitical tensions and the uncertainties stemming from the global pandemic underscore the importance of diversifying supply sources to ensure energy security. Overall, industry revenue is set to push down at a CAGR of 3.6% to $3.5 trillion through the end of 2029. The bulk of this period will be highlighted by more efforts in oil and gas exploration and production in emerging markets, potentially transforming these regions into major global producers. Even so, the excess supply of oil and gas, combined with the push for sustainability, will drive prices down, leading to revenue contractions.

Saudi Arabia is by far the leading producer of crude oil among OPEC member states. In 2024, it reported an average daily production of roughly **** million barrels. Iraq ranked second, at nearly **** million barrels daily. OPEC crude oil production totaled some ** million barrels per day that year. OPEC origin and global market share The Organization of the Petroleum Exporting Countries (OPEC) was founded in 1960, by Iran, Iraq, Kuwait, Saudi Arabia, and Venezuela and later joined by current members: Algeria, Congo, Equatorial Guinea, Gabon, Libya, Nigeria, and United Arab Emirates. In 2024, the 12 OPEC members held roughly ** percent of total global crude oil production. Individual crudes within OPEC basket The main goal of OPEC is to coordinate petroleum policies among its members and to ensure stable prices for each product type, creating a reference system on the global oil market, facilitating the market for buyers and sellers. In 2024, the average annual OPEC crude oil price was around ** U.S. dollars per barrel. However, when looking at individual crudes in the OPEC reference basket, prices may show great discrepancies. For example, Algeria's Sahara Blend tends to be among the most expensive oils due to it being especially light and having a very low sulfur content.

Shell's oil and natural gas liquids production remained relatively stable in 2024, with the company producing 507.5 million barrels through subsidiaries and an additional 23.9 million barrels through joint ventures and associates. This production level places Shell among the top oil and gas companies worldwide. Production comparison with other major players While Shell maintained steady production, other major oil companies showed varying trends. ExxonMobil, for instance, reported a significant increase in daily liquids production, reaching nearly 3 million barrels per day in 2024. In contrast, BP's output has remained at around 1.1 million barrels per day following the divesting of its Rosneft shares in 2022. Chevron and TotalEnergies fell between these extremes, with daily production of 1.6 million and 1.55 million barrels, respectively. North America dominates as largest producing site The global nature of oil production is evident in the regional breakdown of these companies' outputs. BP, for example, saw North America become its largest producing region, accounting for 376,000 barrels of daily output in 2024. Chevron similarly reported strong U.S. production, with 1.15 million barrels produced daily in its home market.

description: Chemicals at oil production sites can be hazardous to migratory birds and other wildlife. Oil, grease, and other chemical wastes related to well drilling are commonly stored in pits at oil production sites. Oil lost at valves is frequently caught in open containers. Oil production sites are located in arid regions of South Dakota where wildlife mistake open pits for wetlands and are often attracted to them. The Service studied the chemical composition and toxicity of oil pit liquids and searched oil production sites for dead wildlife. Liquids and/or sediments from 31 pits located in Fall River and Harding Counties were evaluated for oil and grease in 1992. Oil and grease concentrations were at levels known to reduce benthic invertebrate numbers in all liquid samples analyzed. Due to a decline in the number of pits, only 15 Harding County pits were evaluated in 1993. Oil and grease concentrations were at levels similar to those found in 1992 in only 2 of 15 samples analyzed. Forty pits were searched for dead wildlife in 1992 and 15 were searched in 1993. Dead wildlife, especially small mammals and birds were found around oil production sites. Salvaged carcasses were partially or totally covered with oil. Studies of scats indicated that predators consumed birds that died from oil exposure. Electrical conductivity of 17,000 umhos/cm has been shown to significantly reduce duckling growth. In 1992 and 1993, electrical conductivity in 4 pits equaled or exceeded 17,000 umhos/cm. Electrical conductivity of pit liquids also could impact the diversity and abundance of aquatic invertebrate and plant species in and around pits. The best method for preventing impacts to wildlife from chemical wastes at oil production sites is to totally eliminate wildlife contact with the waste liquids. Colored flags on guy wires had been installed at some pits to scare birds and other pits had been covered with nets. Flagging is ineffective at deterring birds (Esmoil, 1991). Properly maintained netting can be an effective deterrent for larger birds. However, the best way to prevent wildlife mortality is to store waste liquids in closed tanks until they can be reinjected back into the ground. Many oil companies have begun extensive liquid reinjection efforts, thus making pits unnecessary. The conclusions of this study are that pit liquids and sediments contained high concentrations of oil, grease, and other unidentified toxic chemicals that through contact or ingestion, could immobilize or cause mortality to birds and other wildlife. Several oil companies have initiated management strategies which minimize hazards to wildlife.; abstract: Chemicals at oil production sites can be hazardous to migratory birds and other wildlife. Oil, grease, and other chemical wastes related to well drilling are commonly stored in pits at oil production sites. Oil lost at valves is frequently caught in open containers. Oil production sites are located in arid regions of South Dakota where wildlife mistake open pits for wetlands and are often attracted to them. The Service studied the chemical composition and toxicity of oil pit liquids and searched oil production sites for dead wildlife. Liquids and/or sediments from 31 pits located in Fall River and Harding Counties were evaluated for oil and grease in 1992. Oil and grease concentrations were at levels known to reduce benthic invertebrate numbers in all liquid samples analyzed. Due to a decline in the number of pits, only 15 Harding County pits were evaluated in 1993. Oil and grease concentrations were at levels similar to those found in 1992 in only 2 of 15 samples analyzed. Forty pits were searched for dead wildlife in 1992 and 15 were searched in 1993. Dead wildlife, especially small mammals and birds were found around oil production sites. Salvaged carcasses were partially or totally covered with oil. Studies of scats indicated that predators consumed birds that died from oil exposure. Electrical conductivity of 17,000 umhos/cm has been shown to significantly reduce duckling growth. In 1992 and 1993, electrical conductivity in 4 pits equaled or exceeded 17,000 umhos/cm. Electrical conductivity of pit liquids also could impact the diversity and abundance of aquatic invertebrate and plant species in and around pits. The best method for preventing impacts to wildlife from chemical wastes at oil production sites is to totally eliminate wildlife contact with the waste liquids. Colored flags on guy wires had been installed at some pits to scare birds and other pits had been covered with nets. Flagging is ineffective at deterring birds (Esmoil, 1991). Properly maintained netting can be an effective deterrent for larger birds. However, the best way to prevent wildlife mortality is to store waste liquids in closed tanks until they can be reinjected back into the ground. Many oil companies have begun extensive liquid reinjection efforts, thus making pits unnecessary. The conclusions of this study are that pit liquids and sediments contained high concentrations of oil, grease, and other unidentified toxic chemicals that through contact or ingestion, could immobilize or cause mortality to birds and other wildlife. Several oil companies have initiated management strategies which minimize hazards to wildlife.

Crude Oil Production in Brazil increased to 3620.81 BBL/D/1K in March from 3488.10 BBL/D/1K in February 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.

Orphaned oil and gas wells are unplugged nonproducing wells with no solvent owner of record to plug and mitigate them, such that the responsibility often falls on government agencies and the general public. Unplugged wells pose risks to the environment, climate, and human health. To develop a national framework to quantify the environmental benefits of plugging and optimize mitigation, we analyze oil and gas well data from state agencies across the United States to estimate the number of documented orphaned wells over time and evaluate their attributes. We find at least 81,857 documented orphaned wells as of September 2021 and 123,318 as of April 2022, representing 2% and 3%, respectively, of all estimated abandoned wells in the United States. We identify at least 20,286 potentially documented orphaned wells as of September 2021 (0.5% of all estimated abandoned wells in the country), of which 8% became documented orphaned wells as of April 2022. We estimate annual methane emissions to average 0.016 ± 0.001 MMt of CH4 for the 123,318 documented orphaned wells as of April 2022, corresponding to 5–6% of the total methane emissions estimated by the U.S. EPA for all abandoned wells. Although well type (i.e., oil vs gas) is generally available (83% of the 81,857 documented orphaned wells as of September 2021), only 49% and 16% of the wells have information on depth and last production date, respectively. Overall, documented orphaned wells and their attributes, including location, well type, depth, and last production date, require additional characterization and studies to constrain the uncertainties. Nevertheless, our identification and analysis of documented orphaned wells represent the first steps toward characterizing the full set of wells eligible to be plugged and remediated with the federal funding available in the U.S. via the Infrastructure Investment and Jobs Act. Our results can also be useful for the management of the hundreds of thousands, potentially a million, undocumented orphaned wells likely to exist across the nation.

Petroleum refiners have experienced volatile conditions in recent years since crude oil is the primary input cost for refiners in the United States. Crude oil is a highly volatile commodity as a result of its sensitivity to microeconomic and macroeconomic factors, including volatile production, demand and the health of global economies. As petroleum refiners pass these prices to customers, industry returns see similar volatility. With an uptick in crude oil prices through 2025, industry revenue has pushed up at a CAGR of 16.5% to an estimated $821.8 billion, including a 3.3% dip in 2025 alone. The period started slow, as the pandemic weakened global productivity, cutting down the need for petroleum-based products like fuel. As the economy recovered, so did prices, allowing refineries to exhibit double-digit growth in 2021 and 2022. As prices came down, revenue eventually fell slightly. Nonetheless, these volatile conditions caused some companies to exit the industry. High barriers also discouraged new entrants, so most of the period was marked by expanding existing facilities rather than building new ones. This results in a high concentration of refineries, predominantly located along the Gulf Coast in Texas, Louisiana and California. Unlike standalone refiners, large integrated companies manage crude oil reserves to mitigate price volatility, maintaining stable profitability despite oil price fluctuations. Petroleum refiners face long-term challenges from the transition to green energy, driven by more investment in renewables and electric vehicle infrastructure from the Inflation Reduction Act. As the need for motor gasoline falls with the rise of electric cars, refineries may shift towards carbon capture technologies and chemical production to remain viable. While many refineries have closed recently, some may convert to renewable fuel facilities, as seen in Marathon's partnership with Nestle. Despite these challenges, the US remains a global leader in oil production, so refineries will still exhibit slight growth moving forward. Overall, revenue is set to push up at a CAGR of 0.5% through 2030, reaching $844.0 billion in 2030.