Oil production in the United States amounted to around 827.1 million metric tons in 2023, an increase when compared to the previous year and the highest figure recorded within the period of consideration. Between 1998 and 2023, figures increased by 459 million metric tons.

Global oil production amounted to 96.4 million barrels per day in 2023. The level of oil production reached an all-time high in 2023. 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 Iraq decreased to 3677 BBL/D/1K in February from 3687 BBL/D/1K in January 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.

Crude Oil Production in Syria remained unchanged at 55 BBL/D/1K in November. This dataset provides the latest reported value for - Syria 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, Pemex's crude oil production amounted to 1.86 million barrels per day, up from some 1.74 million barrels per day in the previous year. Nevertheless, in comparison to the beginning of the previous decade, this still represents a decline of nearly 28 percent. That same year and for the first time in almost a decade, the company reported a net income amounting to some 482 million U.S. dollars.

Since the 1960s, the Middle East has been the global region that has produced the largest quantity of crude oil in most years, followed by North America, and then the Commonwealth of Independent States (most of the former-USSR). In the figures for annual output, there are notable fluctuations in output that coincide with major regional events, such as the Iranian Revolution in 1979, Soviet dissolution in 1991, or the boom in onshore shale oil drilling in the U.S. since 2010.

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.

The crude oil production graph provides a visual representation of global crude oil production trends and patterns. It helps analysts and economists study changes in supply and demand dynamics, and is vital for policymakers, energy companies, and investors in making informed decisions. This article explores factors influencing the shape of the graph, such as geopolitical developments, technological advancements, economic conditions, and environmental policies. It also highlights the impact of major oil-prod

Texas is by far the largest oil-producing state in the United States. In 2023, Texas produced a total of over two billion barrels. In a distant second place is New Mexico, which produced 667.5 million barrels in the same year. Virginia is the smallest producing state in the country, at five thousand barrels. Macro perspective of U.S. oil production The U.S. oil production totaled some 16.6 million barrels of oil per day, or a total annual oil production of 711 million metric tons. 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 711 operational oil and gas rigs in the country as of May 2023

Crude Oil Production in Vietnam decreased to 158 BBL/D/1K in November from 160 BBL/D/1K in October of 2024. This dataset provides the latest reported value for - Vietnam Crude Oil Production - plus previous releases, historical high and low, short-term forecast and long-term prediction, economic calendar, survey consensus and news.

The United States is the world's largest crude oil producer. In 2023, it had an output of 19.4 million barrels worth of oil per day. This was nearly 12 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 11.4 and 11.1 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 934 billion cubic meters in 2021, despite ranking fifth in terms of proved natural gas reserves .

In 2023, Guyana produced around 391,000 barrels of crude oil per day. The South American country is one of the newest crude oil-producing regions in the world and has experienced exponential growth since offshore oil fields were first tapped in 2019. ExxonMobil is a major producer in the country.

Key information about Yemen Crude Oil: Production

• Yemen Crude Oil: Production was reported at 49.000 Barrel/Day th in Dec 2022
• This records an increase from the previous number of 44.764 Barrel/Day th for Dec 2021
• Yemen Crude Oil: Production data is updated yearly, averaging 37.000 Barrel/Day th from Dec 1960 to 2022, with 63 observations
• The data reached an all-time high of 456.912 Barrel/Day th in 2001 and a record low of 0.000 Barrel/Day th in 1987
• Yemen 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

In 2023, oil production in Russia amounted to 541.7 million metric tons, having decreased by 6.8 million metric tons from the previous year. Russia is one of the largest oil producers in the world.

In September 2023, crude oil production in Russia was measured at 9.5 million barrels per day, having remained on the same level as in the previous month. In April 2022, the output saw a decrease due to Western bans on oil imports from Russia due to its invasion of Ukraine that started in February 2022. The production also dropped significantly in the second and third quarters of 2020 during the oil price war with Saudi Arabia. Russian oil production after the invasion of Ukraine Despite the Western sanctions on its oil industry, Russia increased its crude oil production in 2022 compared to the previous year, by nearly two percent. Having stopped supplying crude oil to the U.S. and the European Union (EU), Russia has increased imports to China, India, and Turkey, which have become the leading importers of this product. How much oil is produced in the BRICS? In 2022, three of the BRICS members, Russia, China, and Brazil, made it to the top 10 oil producers worldwide. Russia was the leading oil-producing country among the organization’s members, having produced over 11 million barrels of oil per day. India had a significantly lower oil production volume, at less than one million barrels daily, while South Africa did not produce crude oil. Thus, in total, the BRICS countries produced approximately 19.1 million barrels of oil per day.

An oil production graph is a visual representation of the amount of oil produced over a specified period of time. It shows the trends and patterns of oil production, allowing analysts and stakeholders to gain insights into the supply and demand dynamics of the oil market.

In 2023, global crude oil production amounted to approximately 4.5 billion metric tons. This was the largest amount that had ever been produced and nearly one billion metric tons more than oil produced in 1998. Which countries extract the most oil? The United States is the largest oil producing country in the world. Profiting off advances in horizontal drilling and shale extraction, the U.S. has succeeded OPEC-affiliated countries, such as Saudi Arabia, in becoming the world's greatest supplier of crude oil. Oil production in the United States The U.S. has been producing oil since the 1850s. U.S. oil production initially decreased until 2008, but has been steadily increasing since. Texas is by far the U.S. state that produces the most crude oil. It is home to the Permian Basin and Eagle Ford shale play, two of the most important petroleum-rich locations in the country. The U.S. also operates numerous rigs located offshore in the Gulf of Mexico, which contribute significantly to overall oil and gas production.

This dataset contains information about world's oil production for 1965-2020. Data from BP. Follow datasource.kapsarc.org for timely data to advance energy economics research.Notes:* Includes crude oil, shale oil, oil sands and NGLs (natural gas liquids - the liquid content of natural gas where this is recovered separately).** Excludes liquid fuels from other sources such as biomass and derivatives of coal and natural gas.*** Excludes Estonia, Latvia and Lithuania prior to 1985 and Slovenia prior to 1990.**** Annual changes and shares of total are calculated using million tonnes per annum figures.

Canada's daily oil production amounted to some 5.65 million barrels in 2023, the highest figure reported by the North American country until now. This represents an increase of nearly 1.4 percent in comparison to the previous year. Overall, between 1998 and 2023, Canada's oil production increased by over three million barrels.