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World oil production - in million metric tons 1998-2018

Global oil production from 1998 to 2018 (in million metric tons)

by M. Garside, last edited Aug 9, 2019
World oil production - in million metric tons 1998-2018 Global oil production has been slowly increasing since 1998. In 2018, global crude oil production came out to about 4.47 billion metric tons. This figure refers to oil production that includes crude oil, shale oil, oil sands, and NGL (the liquid content of natural gas, where this is recovered separately). It excludes liquid fuels from other sources such as biomass and coal derivatives.
Where is the oil extracted?

In 2017, the United States was the leading oil producing country worldwide. Other top producers of oil are Saudi Arabia, Russia, and Iraq.

Oil production in the United States

The United States has been producing oil since the 1850s. U.S. oil production decreased from 1998 to 2008, but since then it has been steadily increasing. In 2017, the U.S. state that produced the most crude oil was Texas. Not only is the United States the largest producer of oil in the world, they are also the biggest consumer of oil. As a result of their increasing oil production, they are less reliant on foreign oil than previously. However, there is a high cost of oil production in the United States which causes problems for United States-located production projects.
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Global oil production from 1998 to 2018 (in million metric tons)

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