Crude oil production world statistics

Crude Oil increased 11.88 USD/BBL or 25.52% since the beginning of 2019, according to trading on a contract for difference (CFD) that tracks the benchmark market for this commodity. Historically, Crude oil reached an all time high of 147.27 in July of 2008 and a record low of 1.17 in February of 1946.

EIA forecasts OPEC crude oil production will average 29.2 million barrels per day (b/d) from April through December 2020, up from an average of 28.7 million b/d in the first quarter of 2020. EIA forecasts OPEC crude oil production will rise to an average of 29.4 million b/d in 2021. Crude oil - data, forecasts, historical chart - was last updated on March of 2020. Historically, Crude oil reached an all time high of 147.27 in July of 2008. Crude oil is expected to trade at 31.29 USD/BBL by the end of this quarter, according to Trading Economics global macro models and analysts expectations. Crude oil production quantities are estimated by state and summed to the PADD and the U.S. level. State production estimates reported by EIA are normally different from data reported by state agencies. For example, production estimates for Texas reported on table 26 are different from production reported by the Railroad Commission of Texas. Under this definition, total world oil production in 2019 averaged 80,622,000 barrels per day. Approximately 68% came from the top ten countries, and an overlapping 44% came from the fourteen current OPEC members, in the table below. The United States of America is the top country by production of crude oil in the world. As of June 2019, production of crude oil in the United States of America was 12,613.57 thousand barrels per day.

Under this definition, total world oil production in 2019 averaged 80,622,000 barrels per day. Approximately 68% came from the top ten countries, and an overlapping 44% came from the fourteen current OPEC members, in the table below.

22 Aug 2019 OPEC crude as a percentage of world oil supply - here previous Saudi oil minister, Ali al Naimi, who sharply ramped up production in a pump  17 Jun 2019 Global oil production has continued to rise over the years. in late 2018, OPEC again decided to cut crude oil production by 1.2 million barrels Statistics are from the Energy Information Administration (EIA) and include total  22 May 2019 The world derives over a third of its total energy production from oil, more 24/7 Wall St. reviewed the “BP Statistical Review of World Energy June Crude and refined petroleum comprised nearly 9% of Brazil's $219 billion  US crude oil production grew by 11% in 2019 According to the US Energy Information Administration (EIA), the US crude oil production grew by 11% in 2019, reaching a record level of 12.2 md/d. This growth was spurred by the rising production from tight rock formations using hydraulic fracturing ("fracking") and horizontal drilling.

Russia’s Crude Oil: Production data is updated yearly, averaging 9,020.653 Barrel/Day th from Dec 1960 to 2018, with 59 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.

Under this definition, total world oil production in 2019 averaged 80,622,000 barrels per day. Approximately 68% came from the top ten countries, and an overlapping 44% came from the fourteen current OPEC members, in the table below. The United States of America is the top country by production of crude oil in the world. As of June 2019, production of crude oil in the United States of America was 12,613.57 thousand barrels per day.

Estimates based on sources and methods described in "The Changing Wealth of Nations: Measuring Sustainable Development in the New Millennium" ( World 

Crude oil - data, forecasts, historical chart - was last updated on March of 2020. Historically, Crude oil reached an all time high of 147.27 in July of 2008. Crude oil is expected to trade at 31.29 USD/BBL by the end of this quarter, according to Trading Economics global macro models and analysts expectations. Crude oil production quantities are estimated by state and summed to the PADD and the U.S. level. State production estimates reported by EIA are normally different from data reported by state agencies. For example, production estimates for Texas reported on table 26 are different from production reported by the Railroad Commission of Texas.

17 Jun 2019 Global oil production has continued to rise over the years. in late 2018, OPEC again decided to cut crude oil production by 1.2 million barrels Statistics are from the Energy Information Administration (EIA) and include total 

A look at regional supply of – and demand for – oil and gas the world over. Based on the latest BP Statistical Review of World Energy, published in June 2019,  Current and historical Reserves, Production, and Consumption of Oil in China. Global rank and share of world's total. Data, Statistics and Charts. "World Oil Review" is the statistical report, now in its 18th edition, on petroleum reserves, production, consumption, import and export, quality and prices, and the  

29 May 2019 View how the ranking of the world's largest producers of crude oil changes over a 50 year period, from the Cold War until today. Saudi Arabia has the second largest proven oil reserves in the world—some 268 than 75 percent of the world's oil production and hold roughly 93 percent of its proven reserves of crude oil, NGPL,*** and other liquids (billions of barrels;  API is the premier source for petroleum industry data and information. It provides valuable domestic and world statistical background information, beginning in most instances with Imports and Exports of Crude Oil and Petroleum Products.