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 2024, the majority of oil worldwide was produced in the Middle East, which accounted for around **** percent of the global output that year. Home to large hydrocarbon reserves, many of the world’s largest petrostates are located here. North America was the second largest oil producer, followed by the Commonwealth of Independent States. Global crude oil production In 2024, global oil production stood at almost ** million barrels per day. Amongst the various crude oil producing countries in the world, the United States came in first, accounting for nearly ** percent of global oil production in 2022. In comparison, Algeria was in the last position, accounting for only *** percent of the global oil production. Global oil companies Saudi Aramco, the state-owned petroleum and natural gas company in Saudi Arabia, is one of the top oil companies in terms of daily crude oil production, with a daily production volume of nearly **** million barrels per day. In contrast, Sinopec, a Chinese oil company, which largely focuses on refining, reported a daily production of ******* barrels. Due in part to its position as refining leader, Sinopec claimed the highest revenue among global oil and gas companies, reaching nearly *** billion U.S. dollars in 2023.

View monthly updates and historical trends for World Crude Oil Production. Source: Energy Information Administration. Track economic data with YCharts ana…

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 contains information about world's oil proved reserves for 1980-2020.Explore a treasure trove of data spanning four decades, detailing the world's oil proved reserves from 1980 to 2020. Sourced from BP and supplemented with data from various reputable sources, this dataset offers a comprehensive view of global oil reserves, excluding specific regions and conditions as noted. Dive into the intricacies of total proved reserves of oil and the reserves-to-production (R/P) ratio, which sheds light on the sustainability of oil production in different years. Whether you're an energy economist, researcher, or data enthusiast, this dataset provides a valuable resource for advancing your understanding of the world's oil reserves.

^ Less than 0.05. w Less than 0.05%.

Excludes Estonia, Latvia and Lithuania prior to 1996 and Slovenia prior to 1990.

— 'Remaining established reserves', less reserves 'under active development'.

Notes:Total proved reserves of oil - Generally taken to be those quantities that geological and engineering information indicates with reasonable certainty

can be recovered in the future from known reservoirs under existing economic and operating conditions. The data series for total proved oil does not necessarily

meet the definitions, guidelines and practices used for determining proved reserves at company level, for instance as published by the US Securities and Exchange Commission,

nor does it necessarily represent BP’s view of proved reserves by country.

Reserves-to-production (R/P) ratio - If the reserves remaining at the end of any year are divided by the production in that year, the result is the length of time that those remaining reserves would last if

production were to continue at that rate.

Source of data - The estimates in this table have been compiled using a combination of primary official sources, third-party data from the OPEC Secretariat, World Oil, Oil &

Gas Journal and an independent estimates of Russian reserves based on official data and Chinese reserves based on information in the public domain.

Canadian oil sands 'under active development' are an official estimate. Venezuelan Orinoco Belt reserves are based on the OPEC Secretariat and government announcements.

Reserves include gas condensate and natural gas liquids (NGLs) as well as crude oil.

Annual changes and shares of total are calculated using thousand million barrels figures.

How it can be used: Energy economists and analysts can leverage this dataset to conduct in-depth research into the global oil industry. By examining the changes in oil reserves over time and calculating R/P ratios, one can gain insights into the dynamics of oil production and sustainability. Policymakers can also use this data to inform energy policies and resource allocation, ensuring a more secure and sustainable energy future. Additionally, researchers can explore this dataset to uncover patterns and trends in oil reserves, contributing to a deeper understanding of global energy economics.

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 .

Key information about United States Crude Oil: Production

• United States Crude Oil: Production was reported at 13,208.219 Barrel/Day th in Dec 2024
• This records an increase from the previous number of 12,934.556 Barrel/Day th for Dec 2023
• US Crude Oil: Production data is updated yearly, averaging 7,171.122 Barrel/Day th from Dec 1960 to 2024, with 65 observations
• The data reached an all-time high of 13,208.219 Barrel/Day th in 2024 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

Key information about Saudi Arabia Crude Oil: Production

• Saudi Arabia Crude Oil: Production was reported at 10,003.000 Barrel/Day th in Oct 2025
• This records an increase from the previous number of 9,960.000 Barrel/Day th for Sep 2025
• Saudi Arabia Crude Oil: Production data is updated monthly, averaging 30.878 Barrel/Day th from Jan 2002 to Oct 2025, with 286 observations
• The data reached an all-time high of 908.611 Barrel/Day th in Jul 2025 and a record low of 0.025 Barrel/Day th in Jan 1977
• Saudi Arabia 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: OPEC Members: Monthly

This dataset contains OAPEC: Organization of Arab Petroleum Exporting Countries crude oil production by country, 1970-2020. Follow datasource.kapsarc.org for timely data to advance energy economics research.

Key information about Iran Crude Oil: Production

• Iran Crude Oil: Production was reported at 3,209.000 Barrel/Day th in Oct 2025
• This records a decrease from the previous number of 3,275.000 Barrel/Day th for Sep 2025
• Iran Crude Oil: Production data is updated monthly, averaging 2,700.000 Barrel/Day th from Jan 2002 to Oct 2025, with 286 observations
• The data reached an all-time high of 3,987.000 Barrel/Day th in Jul 2005 and a record low of 1,930.000 Barrel/Day th in Jul 2020
• Iran 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: OPEC Members: Monthly

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.

Key information about Chile Crude Oil: Production

• Chile Crude Oil: Production was reported at 2.000 Barrel/Day th in Dec 2024
• This stayed constant from the previous number of 2.000 Barrel/Day th for Dec 2023
• Chile Crude Oil: Production data is updated yearly, averaging 14.933 Barrel/Day th from Dec 1960 to 2024, with 65 observations
• The data reached an all-time high of 43.353 Barrel/Day th in 1982 and a record low of 1.497 Barrel/Day th in 2020
• Chile 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 global demand for crude oil (including biofuels) in 2024 amounted to 103.75 million barrels per day. The source expects economic activity and related oil demand to pick up by the end of the year, with forecast suggesting it could increase to more than 105 million barrels per day. Motor fuels make up majority of oil demand Oil is an important and versatile substance, used in different ways and in different forms for many applications. The road sector is the largest oil consuming sector worldwide. It accounts for nearly one half of the global demand for oil, largely due to reliance on motor spirits made from petroleum. The OPEC projects global oil product demand to reach 120 million barrels per day by 2050, with transportation fuels such as gasoline and diesel expected to remain the most consumed products. Diesel and gasoil demand is forecast to amount to 32.5 million barrels per day in 2050, up from 29 million barrels in 2023. Gasoline demand is forecast at 27 million barrels by 2050. Differences in forecast oil demand widen between major energy institutions Despite oil producing bodies such as the OPEC seeing continued importance for crude oil in the future, other forecast centers have been more moderate in their demand outlooks. For example, between the EIA, IEA, and OPEC, the latter was the only one to expect significant growth for oil demand until 2030.

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

Key information about United Arab Emirates Crude Oil: Production

• United Arab Emirates Crude Oil: Production was reported at 3,361.000 Barrel/Day th in Oct 2025
• This records an increase from the previous number of 3,354.000 Barrel/Day th for Sep 2025
• United Arab Emirates Crude Oil: Production data is updated monthly, averaging 2,694.000 Barrel/Day th from Jan 2002 to Oct 2025, with 286 observations
• The data reached an all-time high of 3,841.000 Barrel/Day th in Apr 2020 and a record low of 1,934.000 Barrel/Day th in Feb 2002
• United Arab Emirates 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: OPEC Members: Monthly

Chile: Oil production, thousand barrels per day: The latest value from 2023 is 2.1 thousand Barrels Per Day, a decline from 2.11 thousand Barrels Per Day in 2022. In comparison, the world average is 429.63 thousand Barrels Per Day, based on data from 190 countries. Historically, the average for Chile from 1984 to 2023 is 9.22 thousand Barrels Per Day. The minimum value, 1.59 thousand Barrels Per Day, was reached in 2020 while the maximum of 35.83 thousand Barrels Per Day was recorded in 1984.

Key information about Nigeria Crude Oil: Production

• Nigeria Crude Oil: Production was reported at 1,506.000 Barrel/Day th in Oct 2025
• This records an increase from the previous number of 1,491.000 Barrel/Day th for Sep 2025
• Nigeria Crude Oil: Production data is updated monthly, averaging 1,815.000 Barrel/Day th from Jan 2002 to Oct 2025, with 286 observations
• The data reached an all-time high of 2,496.000 Barrel/Day th in Nov 2005 and a record low of 1,015.000 Barrel/Day th in Sep 2022
• Nigeria 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: OPEC Members: Monthly

Key information about Tunisia Crude Oil: Production

• Tunisia Crude Oil: Production was reported at 1.098 % in Jun 2025
• This records a decrease from the previous number of 3.765 % for May 2025
• Tunisia Crude Oil: Production data is updated monthly, averaging 5.319 % from Jan 2001 to Jun 2025, with 294 observations
• The data reached an all-time high of 77.981 % in Apr 2021 and a record low of -39.426 % in Apr 2020
• Tunisia Crude Oil: Production data remains active status in CEIC and is reported by CEIC Data
• The data is categorized under World Trend Plus’s Global Economic Monitor – Table: Industrial Production Index: Y-o-Y Growth: Monthly

.OPEC.CO: Crude Oil Production: OPEC Members: Monthly [COVID-19-IMPACT]