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 .

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.

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.

Context

This dataset offers comprehensive insights into oil production across 36 countries from 2021 to 2023. With columns detailing country names, types of production, product specifications, flow information, and corresponding production values, it serves as a valuable resource for analysts, researchers, and policymakers in the energy sector. Understanding global oil production trends is critical for making informed decisions regarding energy policies, investments, and sustainability efforts.

Content

Encompassing a wide array of data points, including country-specific production types, products, and production values over a thirteen-year period, this dataset facilitates detailed analyses of oil production dynamics. Researchers can delve into variations across countries, identify trends in production types and products, and explore the impact of geopolitical factors on oil production. By leveraging this dataset, stakeholders can gain actionable insights to optimize energy strategies, mitigate risks, and drive sustainable development in the oil sector.

Dataset Structure:

The dataset (oil_production_statistics.csv) comprises data from 2021 to 2023 and consists of the following columns:

Acknowledgment

The primary dataset was sourced from IEA (2024) Monthly Oil Statistics, IEA, Paris, and I extend my sincere gratitude to the team for providing the core data used in this dataset.

© Image credit: Freepik

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 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.

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.

In 2019, Oil Production in the US grew 11% compared to a year earlier. Need to compare country statistics and get a global overview? Find all data easily.

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.

The countries in the Middle East are renowned for their vast oil reserves in the global market. While the largest importer of oil and petroleum is the United States, the leading producer of oil in the Middle East is Saudi Arabia with over 12 million barrels of oil produced per day as of 2018.

“Global oil reserves and trade”   Besides Saudi Arabia, the United States imports petroleum from various countries around the world among which Canada is the largest exporter of petroleum having exported around 4.3 billion barrels of petroleum to the United States in 2018. Back in 2015, Kuwait and the United Arab Emirates held the second and third largest oil reserves in the Gulf Cooperation Council.

Oil market of Saudi Arabia   As of 2018, over 10 million barrels of crude oil were produced in Saudi Arabia of which 3 million barrels were consumed, on a daily basis. This crude oil is further refined to produce products such as diesel, fuel oil, gasoline, LPG, kerosene etc. by refineries like Saudi Aramco. Of these, the highest production was of diesel equaling 319 thousand barrels in 2017.

Global palm oil market: In 2015, the countries with the highest levels of production in 2015 were Indonesia, Malaysia, Thailand, together accounting for 89% of total output.

Ecuador Crude Oil Production: Petroleum Product: Others data was reported at 2,892.385 Barrel th in Sep 2018. This records a decrease from the previous number of 3,012.981 Barrel th for Aug 2018. Ecuador Crude Oil Production: Petroleum Product: Others data is updated monthly, averaging 2,020.612 Barrel th from Jan 2006 (Median) to Sep 2018, with 153 observations. The data reached an all-time high of 3,290.427 Barrel th in Dec 2015 and a record low of 932.949 Barrel th in Feb 2006. Ecuador Crude Oil Production: Petroleum Product: Others 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.

Key information about Russia Crude Oil: Production

• Russia Crude Oil: Production was reported at 9,193.336 Barrel/Day th in Dec 2024
• This records a decrease from the previous number of 9,597.482 Barrel/Day th for Dec 2023
• Russia Crude Oil: Production data is updated yearly, averaging 7,754.318 Barrel/Day th from Dec 1960 to 2024, with 65 observations
• The data reached an all-time high of 11,152.736 Barrel/Day th in 1987 and a record low of 2,683.100 Barrel/Day th in 1960
• Russia 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

The Middle East produces more oil than any other region in the world, accounting for slightly less than ******* of global oil production in 2024, at **** percent. Overall, Middle Eastern oil production makes up a slightly larger share of global production than it did ten years ago, but the contribution to worldwide oil production has risen most consistently in North America while declining in all other regions. Shifts in North American oil production Over the past decade, higher oil production in North America has largely been driven by the United States. In the last ten years, oil production in the United States has more than doubled, with its annual output only mildly affected by the coronavirus pandemic. Meanwhile, Canada's crude oil production has also increased in the period, although in a less consistent manner. The U.S. moves towards less dependency Oil prices from OPEC countries, many of which are in the Middle East, had been rising in the years leading up to the global recession, reaching a peak in 2012. As a result, the United States decreased oil imports, and investors capitalized on lower interest rates to develop technologies such as hydraulic fracturing (fracking) that would allow domestic oil extraction from wells deep underground that were once too hard to reach. In 2019, before oil demand was affected by the pandemic, the North American country's imports dipped below *** million barrels, a ** percent drop in comparison to a decade earlier.

Crude Oil Production: by Company: Pakistan Petroleum Limited, PPL data was reported at 9,372.000 Barrel/Day in 2020. This records a decrease from the previous number of 10,247.000 Barrel/Day for 2019. Crude Oil Production: by Company: Pakistan Petroleum Limited, PPL data is updated yearly, averaging 6,420.000 Barrel/Day from Jun 2004 (Median) to 2020, with 17 observations. The data reached an all-time high of 10,247.000 Barrel/Day in 2019 and a record low of 3,575.000 Barrel/Day in 2006. Crude Oil Production: by Company: Pakistan Petroleum Limited, PPL data remains active status in CEIC and is reported by Hydrocarbon Development Institute of Pakistan. The data is categorized under Global Database’s Pakistan – Table PK.RB007: Oil Statistics.

Ecuador Crude Oil Production: Petroleum Product: Diesel data was reported at 604.609 Barrel th in Sep 2018. This records an increase from the previous number of 511.746 Barrel th for Aug 2018. Ecuador Crude Oil Production: Petroleum Product: Diesel data is updated monthly, averaging 638.306 Barrel th from Jan 2006 (Median) to Sep 2018, with 153 observations. The data reached an all-time high of 1,217.837 Barrel th in Aug 2007 and a record low of 301.547 Barrel th in Sep 2015. Ecuador Crude Oil Production: Petroleum Product: Diesel 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.RB003: Crude Oil Statistics.

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

China Crude Oil Production data was reported at 209.026 Ton mn in 2023. This records an increase from the previous number of 204.722 Ton mn for 2022. China Crude Oil Production data is updated yearly, averaging 130.688 Ton mn from Dec 1949 (Median) to 2023, with 75 observations. The data reached an all-time high of 214.556 Ton mn in 2015 and a record low of 0.120 Ton mn in 1949. China Crude Oil Production data remains active status in CEIC and is reported by National Bureau of Statistics. The data is categorized under Global Database’s China – Table CN.RBA: Energy Production: Crude Oil.