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.

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 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

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

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.

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

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 Venezuela Crude Oil: Production

• Venezuela Crude Oil: Production was reported at 892.000 Barrel/Day th in Jan 2025
• This records a decrease from the previous number of 910.000 Barrel/Day th for Dec 2024
• Venezuela Crude Oil: Production data is updated monthly, averaging 2,321.000 Barrel/Day th from Jan 2002 to Jan 2025, with 277 observations
• The data reached an all-time high of 2,995.000 Barrel/Day th in Oct 2002 and a record low of 337.000 Barrel/Day th in Jun 2020
• Venezuela 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 Azerbaijan Crude Oil: Production

• Azerbaijan Crude Oil: Production was reported at 504.244 Barrel/Day th in Dec 2023
• This records a decrease from the previous number of 558.356 Barrel/Day th for Dec 2022
• Azerbaijan Crude Oil: Production data is updated yearly, averaging 247.052 Barrel/Day th from Dec 1960 to 2023, with 64 observations
• The data reached an all-time high of 1,014.088 Barrel/Day th in 2009 and a record low of 60.600 Barrel/Day th in 1960
• Azerbaijan 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

OPEC accounts for over ** percent of the world’s total crude oil production. In 2024, OPEC's production showed a decrease of *** percentage points compared to the previous year, in part a result of Angola leaving the organization. That same year, the annual average OPEC reference basket price was ** U.S. dollars per barrel. OPEC stands for the Organization of the Petroleum Exporting Countries and was established in Iraq in 1960. Regional distribution OPEC includes 12 member countries located mostly in the Middle East and Africa, though also in South America. Over the past decade, roughly ******* of the world’s total oil production has come from the Middle East. Overall, global oil production has increased in almost every year except during times of economic crisis. OPEC has the highest global reserves share Although combined production has remained around the ** percent mark, the OPEC's share in global crude oil reserves was significantly higher. In 2023, it was ****** the worldwide production share. Similar to production, this figure has also remained relatively stable in the last decade.

Key information about Iran Crude Oil: Production

• Iran Crude Oil: Production was reported at 3,280.000 Barrel/Day th in Jan 2025
• This records a decrease from the previous number of 3,293.000 Barrel/Day th for Dec 2024
• Iran Crude Oil: Production data is updated monthly, averaging 3,521.000 Barrel/Day th from Jan 2002 to Jan 2025, with 277 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

Key information about Saudi Arabia Crude Oil: Production

• Saudi Arabia Crude Oil: Production was reported at 8,937.000 Barrel/Day th in Jan 2025
• This records a decrease from the previous number of 8,950.000 Barrel/Day th for Dec 2024
• Saudi Arabia Crude Oil: Production data is updated monthly, averaging 9,424.000 Barrel/Day th from Jan 2002 to Jan 2025, with 277 observations
• The data reached an all-time high of 11,642.000 Barrel/Day th in Apr 2020 and a record low of 7,121.000 Barrel/Day th in Feb 2002
• 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

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 166.671 Barrel/Day th from Dec 1960 to 2022, with 63 observations
• The data reached an all-time high of 622.810 Barrel/Day th in 1995 and a record low of 20.581 Barrel/Day th in 2018
• 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

The world crude oil production chart highlights the historical trends, fluctuations, and regional dominance in global crude oil production. It emphasizes the importance of crude oil in the global economy and the need for sustainable energy alternatives to meet future energy demands.

Key information about Norway Crude Oil: Production

• Norway Crude Oil: Production was reported at 1,794.195 Barrel/Day th in Dec 2023
• This records an increase from the previous number of 1,685.121 Barrel/Day th for Dec 2022
• Norway Crude Oil: Production data is updated yearly, averaging 1,494.157 Barrel/Day th from Dec 1960 to 2023, with 64 observations
• The data reached an all-time high of 3,182.792 Barrel/Day th in 2000 and a record low of 0.000 Barrel/Day th in 1970
• Norway 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

Historical oil production by country refers to the amount of oil produced by different countries over time. This article provides insights into the oil production of key countries such as the United States, Russia, Saudi Arabia, China, Canada, Iraq, Iran, Venezuela, Norway, and the United Arab Emirates. It discusses the significance of oil production as an indicator of a country's energy resources and its economic and geopolitical implications. The article also highlights the factors influencing oil pr

This article explores the trend of global oil production over the past few decades, highlighting steady growth, fluctuations, and recovery. It analyzes the impact of factors such as political conflicts, economic fluctuations, technological advancements, and market dynamics on production levels.

Key information about Canada Crude Oil: Production

• Canada Crude Oil: Production was reported at 1,224.860 Barrel/Day th in Dec 2023
• This records a decrease from the previous number of 1,231.074 Barrel/Day th for Dec 2022
• Canada Crude Oil: Production data is updated yearly, averaging 1,263.190 Barrel/Day th from Dec 1960 to 2023, with 64 observations
• The data reached an all-time high of 1,742.330 Barrel/Day th in 1973 and a record low of 563.836 Barrel/Day th in 1960
• Canada 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

Crude Oil fell to 63.14 USD/Bbl on August 15, 2025, down 1.28% from the previous day. Over the past month, Crude Oil's price has fallen 3.14%, and is down 16.42% compared to the same time last year, according to trading on a contract for difference (CFD) that tracks the benchmark market for this commodity. Crude Oil - values, historical data, forecasts and news - updated on August of 2025.

In 2024, global crude oil production amounted to approximately ************ metric tons. This was the largest amount that had ever been produced and nearly *********** 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.