Crude Oil Production in the United States increased to 13468 BBL/D/1K in April from 13450 BBL/D/1K in March of 2025. This dataset provides the latest reported value for - United States Crude Oil Production - plus previous releases, historical high and low, short-term forecast and long-term prediction, economic calendar, survey consensus 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

Oil production in the United States amounted to around 857.9 million metric tons in 2024, an increase when compared to the previous year and the highest figure recorded within the period of consideration. Between 1998 and 2024, figures increased by 490 million metric tons.

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.

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.

This dataset contains information about world oil production for OPEC, OECD and the major non-OPEC producers. for 1983-2021. Data from Saudi Central Bank (SAMA). Follow datasource.kapsarc.org and it’s APIs to stay in sync and advance energy economics research.Note:* Including Condensates and Natural gas liquids

Crude Oil Production in Egypt decreased to 508 BBL/D/1K in February from 515 BBL/D/1K in January of 2025. This dataset provides the latest reported value for - Egypt 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 Trinidad And Tobago decreased to 50 BBL/D/1K in February from 51 BBL/D/1K in January of 2025. This dataset provides - Trinidad And Tobago Crude Oil Production- actual values, historical data, forecast, chart, statistics, economic calendar and news.

Key information about Russia Crude Oil: Production

• Russia Crude Oil: Production was reported at 9,592.386 Barrel/Day th in Dec 2023
• This records a decrease from the previous number of 9,756.049 Barrel/Day th for Dec 2022
• Russia Crude Oil: Production data is updated yearly, averaging 9,261.952 Barrel/Day th from Dec 1960 to 2023, with 64 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

Bahrain Crude Oil Production: Annual data was reported at 73,882.000 Barrel th in 2014. This records an increase from the previous number of 72,123.000 Barrel th for 2013. Bahrain Crude Oil Production: Annual data is updated yearly, averaging 66,779.000 Barrel th from Dec 1990 (Median) to 2014, with 25 observations. The data reached an all-time high of 87,481.000 Barrel th in 2003 and a record low of 41,724.000 Barrel th in 1991. Bahrain Crude Oil Production: Annual data remains active status in CEIC and is reported by National Oil and Gas Authority. The data is categorized under Global Database’s Bahrain – Table BH.RB005: Crude Oil Production.

Crude Oil Production: Petroleum Product: LPG data was reported at 230.953 Barrel th in Sep 2018. This records a decrease from the previous number of 235.486 Barrel th for Aug 2018. Crude Oil Production: Petroleum Product: LPG data is updated monthly, averaging 199.875 Barrel th from Jan 2006 (Median) to Sep 2018, with 153 observations. The data reached an all-time high of 286.899 Barrel th in May 2013 and a record low of 41.439 Barrel th in Apr 2007. Crude Oil Production: Petroleum Product: LPG 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.

Crude Oil Production in Iran decreased to 3303 BBL/D/1K in May from 3328 BBL/D/1K in April 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.

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. 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. 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.

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.

Crude Oil Production in Mexico decreased to 1711 BBL/D/1K in February from 1715 BBL/D/1K in January 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.

Russia Prime Costs: Crude Oil Extraction data was reported at 14,733.500 RUB/Ton in Dec 2018. This records a decrease from the previous number of 15,970.600 RUB/Ton for Sep 2018. Russia Prime Costs: Crude Oil Extraction data is updated quarterly, averaging 7,232.300 RUB/Ton from Mar 2005 (Median) to Dec 2018, with 56 observations. The data reached an all-time high of 15,970.600 RUB/Ton in Sep 2018 and a record low of 2,541.100 RUB/Ton in Mar 2005. Russia Prime Costs: Crude Oil Extraction data remains active status in CEIC and is reported by Federal State Statistics Service. The data is categorized under Russia Premium Database’s Energy Sector – Table RU.RBA002: Energy Production: Prime Costs.

Egypt Crude Oil and Natural Gas Production: Annual data was reported at 64.100 Ton mn in 2017. This records a decrease from the previous number of 65.900 Ton mn for 2016. Egypt Crude Oil and Natural Gas Production: Annual data is updated yearly, averaging 61.550 Ton mn from Jun 1994 (Median) to 2017, with 24 observations. The data reached an all-time high of 81.000 Ton mn in 2011 and a record low of 53.900 Ton mn in 1998. Egypt Crude Oil and Natural Gas Production: Annual data remains active status in CEIC and is reported by Ministry of Petroleum. The data is categorized under Global Database’s Egypt – Table EG.RB001: Energy Production.

Crude Oil Production in Gabon increased to 233 BBL/D/1K in May from 221 BBL/D/1K in April of 2025. This dataset provides the latest reported value for - Gabon Crude Oil Production - plus previous releases, historical high and low, short-term forecast and long-term prediction, economic calendar, survey consensus and news.

Supply and disposition characteristics such as production (fuels include heavy crude, synthetic crude, etc.), input to refineries, exports and others. The data are available at the national and provincial levels. Not all combinations necessarily have data for all years.

US oil production costs per barrel vary depending on factors such as location, type of crude oil, technology used, and economies of scale. Onshore drilling costs range from $20 to $50, while offshore costs can range from $50 to $100 or more. Light crude oil is easier to extract and costs $20 to $60, while heavy crude oil costs $30 to $70. Advanced drilling technologies can lower costs to $30 to $60. Economies of scale can further reduce costs. Production cost figures are estimates and can vary due to market