NGLs are the liquid or liquefied hydrocarbons produced in the manufacture, purification and stabilisation of natural gas. Business Solutions including all features. 7, 2023 Release Date: Feb. 7, 2023 | Exploration and reserves, storage, imports and exports, production, prices, sales. Total oil reserves are estimated to be around 1,800 to 2,200 billion barrels, with about 1,700 billion barrels considered proven reserves. January 2021 - Current Month World Petroleum and Other Liquids Consumption, West Texas Intermediate (WTI) crude oil price, World liquid fuels production and consumption balance, World liquid fuels production and consumption, World crude oil and liquid fuels production, OPEC surplus crude oil production capacity, OECD commercial inventories of crude oil and other liquids (days of supply), Estimated unplanned crude oil production outages among OPEC and non-OPEC producers. State energy information, including overviews, rankings, data, and analyses. | ", BP, Distribution of crude oil production worldwide in 2021, by leading country Statista, https://www.statista.com/statistics/236605/share-of-global-crude-oil-production-of-the-top-15-oil-producing-countries/ (last visited March 01, 2023), Distribution of crude oil production worldwide in 2021, by leading country [Graph], BP, June 28, 2022. IEA, Global oil demand growth, 2011-2025, IEA, Paris https://www.iea.org/data-and-statistics/charts/global-oil-demand-growth-2011-2025, IEA. Profit from the additional features of your individual account. Organisation for Economic Co-operation and Development (OECD), Source: Crude oil production quantities are estimated by state and summed to the PADD and the U.S. level. The change in global production is shown in the chart. to incorporate the statistic into your presentation at any time. To use individual functions (e.g., mark statistics as favourites, set We have provided a few examples below that you can copy and paste to your site: Your data export is now complete. World crude oil price vs. oil consumption. These changes have largely offset each other in our forecast global balances, and beyond the first quarter of 2023, we have left our crude oil price forecast largely unchanged from last months outlook. The United States produces 14,837,640 barrels per day of oil (as of 2016) ranking 1st in the world. If you are an admin, please authenticate by logging in again. Some major series for oil demand and supply for the world and regional aggregates are also included up to 2021 based on preliminary data. Come test out some of the products still in development and let us know what you think! You can only download this statistic as a Premium user. This statistic is not included in your account. Access to this and all other statistics on 80,000 topics from, Show sources information This is a change of 1.56% from one year ago. January 2011 - December 2012 Licence: CC BY 4.0. All Tables Values shown are in thousands of barrels produced per day. U.S. As a Premium user you get access to background information and details about the release of this statistic. You only have access to basic statistics. Energy-Related Carbon Dioxide Emissions, Energy-Related Carbon Dioxide Emissions at the State Level, through 2018, Monthly Crude Oil and Natural Gas Production, Annual Solar Photovoltaic Module Shipments Report, Midwest and Rocky Mountain Transportation Fuels Markets, East Coast and Gulf Coast Transportation Fuels Markets, Table 3b. Leading U.S. oil and gas producers based on market cap Oct 2022, Crude oil production in the U.S. by state 2021, West Texas Intermediate annual average oil price 1976-2023, U.S. oil & gas producers' breakeven prices by oilfield 2022. However, we expect global oil production to continue to outpace demand over the forecast period, leading to persistent global oil inventory builds through 2024 and falling oil prices. ZIP files contain data in fixed-width TXT format. Maps, tools, and resources related to energy disruptions and infrastructure. This statistic is not included in your account. Oil accounts for only a small share of electricity production - most come from coal and gas. Overview and forecasts on trending topics, Industry and market insights and forecasts, Key figures and rankings about companies and products, Consumer and brand insights and preferences in various industries, Detailed information about political and social topics, All key figures about countries and regions, Market forecast and expert KPIs for 600+ segments in 150+ countries, Insights on consumer attitudes and behavior worldwide, Business information on 60m+ public and private companies, Detailed information for 35,000+ online stores and marketplaces. Hubbert's peak prediction vs. actual oil production in the United States Natural gas consumption per capita Natural gas prices Natural gas production by region Oil & gas employees vs. rig count in the United States Oil consumption by region Oil consumption per capita Oil production Oil production by region Oil production per capita Oil reserves World oil production by region, 1971-2020 Last updated 26 Oct 2022 Download chart Cite Share million tonnes 1971 1980 1990 2000 2010 2020 0 250 500 750 1000 1250 1500 1750 2000 IEA. Reports requested by congress or otherwise deemed important. World Oil Production is at a current level of 89.88M, up from 88.49M one year ago. Overview Data sets OECD and selected countries crude supply 1 files Distribution of crude oil production worldwide in 2021, by leading country [Graph]. (Adobe PDF file) Leading U.S. oil and gas producers based on market cap Oct 2022, Crude oil production in the U.S. by state 2021, West Texas Intermediate annual average oil price 1976-2023. Keep up to date with our latest news and analysis by subscribing to our regular newsletter. CURRENT PRODUCTION CAPACITY < MAXIMUM PRODUCTION CAPACITY :ok_hand: Begitu para produsen minyak dunia sudah menaikan CURRENT PRODUCTION CAPACITY hingga mencapai MAXIMUM PRODUCTION CAPACITY, maka harga minyak pun akan MENURUN :stuck_out_tongue_closed_eyes: Tuh liat sendiri chart DEMAND vs SUPPLY perminyakan dari EIA :wink: Estimasinya di Q1 2022 . Note Apr. This includes crude oil, NGLs, motor gasoline, gas/diesel oil, residual fuel oil and other refined products. (Adobe PDF file) (Adobe PDF file) In the chart here we see the change in global soybean production from 1961 onwards. Growth in non-OPEC production in both 2023 and 2024, as well as increases in OPEC output in 2024, will mostly offset an approximately 1.1 million b/d decline in Russias production over the forecast period. Interactive historical chart showing the monthly level of U.S. crude oil production back to 1983 from the US Energy Information Adminstration (EIA). However, significant uncertainty around our demand forecast remains based on possible outcomes for the evolving global economic conditions and Chinas pivot away from a zero-COVID strategy. Global oil demand rebounded in 2021 from its Covid-induced historic decline and while demand is set to keep increasing in the immediate years, its longer-term outlook is uncertain because of challenges from alternative fuels and changing behaviour of drivers and commuters. Subscribe to feeds for updates on EIA products including Today in Energy and What's New. Comprehensive data summaries, comparisons, analysis, and projections integrated across all energy sources. OECD and selected countries product supply and consumption, OECD and selected countries conversion factors, Find out about the world, a region, or a country, Find out about a fuel, a technology or a sector, Explore the full range of IEA's unique analysis, Search, download and purchase energy data and statistics, Search, filter and find energy-related policies, Shaping a secure and sustainable energy future, Clean Energy Transitions in Emerging Economies, Digital Demand-Driven Electricity Networks Initiative. Accessed March 01, 2023. https://www.statista.com/statistics/236605/share-of-global-crude-oil-production-of-the-top-15-oil-producing-countries/, BP. This is a change of 1.56% from one year ago. Forecast Completed: Feb. 2, 2023 | doi: 10.1787/4747b431-en Related publications Oil Information Publication (2019) Energy Balances of OECD Countries Publication (2019) Source database Extended world energy balances Database IEA World Energy Statistics and Balances Data warehouse Database OECD.Stat Further indicators related to Energy We expect OECD oil demand to remain largely flat over the forecast period, as inflationary economic pressures continue to limit GDP and oil demand growth and as the oil intensity of OECD economies declines. Sign up for email subcriptions to receive messages about specific EIA products. Crude oil production is defined as the quantities of oil extracted from the ground after the removal of inert matter or impurities. Liquid fuels from other sources such as biofuels and synthetic derivatives of coal and natural gas are excluded, as well as oil shales/kerogen extracted in solid form. Register in seconds and access exclusive features. (June 28, 2022). We have also lowered our forecast for oil production in OPEC because of rising global oil inventories. Global energy consumption continues to grow, but it does seem to be slowing - averaging around 1% to 2% per year. We forecast Russias production of petroleum and other liquids to decline to 9.9 million b/d in 2023 from more than 10.9 million b/d in 2022 and then average 9.8 million b/d in 2024. Sales, revenue and prices, power plants, fuel use, stocks, generation, trade, demand & emissions. Figure X is a graph of total U.S. oil production from 1930 through 2021. ZIP files contain data in fixed-width TXT format. Full Report Chart. January 2009 - December 2010 The revisions result from China relaxing COVID restrictions, which have increased our forecast of oil demand growth. Regional energy information including dashboards, maps, data, and analyses. On a production basis of thousand barrels per day. As a Premium user you get access to the detailed source references and background information about this statistic. Chart. The United States produces every year an amount equivalent to 15.4% of its total proven reserves (as of 2016). All Figures. Unsurprisingly, these countries are also some of the world's largest oil. Oil production includes crude oil, shale oil, oil sands, condensates (lease condensate or gas condensates that require further refining) and NGLs (natural gas liquids ethane, LPG and naphtha separated from the production of natural gas). Crude oil, gasoline, heating oil, diesel, propane, and other liquids including biofuels and natural gas liquids. Perceptions of a less severe recession and some improving macroeconomic conditions also likely contributed to rising crude oil prices over the past month. This is a change of 0.39% from last month and 5.06% from one year ago. This is an extract, full report available as PDF download. Use Ask Statista Research Service. 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