Oil - global production 1998-2019

The level of oil production is currently at an all-time high, with around 95.2 million barrels of oil produced daily in 2019. This quantity includes crude oil, shale oil, oil sands and NGLs (the liquid content of natural gas, where this is recovered separately), but not liquid fuels from biomass and coal derivatives.

Rising production and consumption

Global oil production consistently increased every year for the past two decades, except 2007 and 2009, surrounding the events of the 2008 Recession. Similarly, global oil consumption only decreased in 2008 and 2009 before continuing to rise to a higher level every year.

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. Though as a region the Middle East still produces the largest share of oil worldwide, the United States currently produces more oil than any other country, followed by Saudi Arabia and Russia.

World oil production from 1998 to 2019

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Source

Release date

June 2020

Region

Worldwide

Survey time period

1998 to 2019

Supplementary notes

According to the source, oil production includes crude oil, shale oil, oil sands and NGL (the liquid content of natural gas, where this is recovered separately). Excludes liquid fuels from other sources such as biomass and coal derivatives.
Figures for years not included in the pdf version were taken from the Data workbook of the Statistical Review.

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