Crude Oil and Condensate Production โ - Crude Oil and Condensate Production refers to the total volume of crude oil and lease condensate extracted from oil and gas reservoirs within a country during a given year. It is typically measured in thousand barrels per day (kb/d) and represents the production of unrefined liquid hydrocarbons before processing or refining. Crude oil is the naturally occurring liquid petroleum extracted from underground reservoirs, while condensate is a light hydrocarbon liquid that separates from natural gas when pressure and temperature decrease during production. This indicator provides insight into a country's upstream petroleum production capacity, resource availability, and contribution to global oil supply.
Measured in million barrels per day, the dataset reflects the volume of crude oil and condensate produced from domestic oil fields, making it an important indicator of upstream petroleum activity, production capacity, energy security, and national energy supply.
China produced 4.31 million barrels per day of crude oil and condensate in 2015 before production declined to 4.00 million barrels per day in 2016 and 3.85 million barrels per day in 2017. Output decreased slightly further to 3.80 million barrels per day in 2018, marking the lowest production level during the review period. Production recovered gradually to 3.85 million barrels per day in 2019 and 3.90 million barrels per day in 2020. The recovery continued with output increasing to 3.99 million barrels per day in 2021 and 4.11 million barrels per day in 2022. In 2023, production reached 4.20 million barrels per day, the highest level since 2015, reflecting continued investment in domestic oil development and production optimization.
Overall, the dataset illustrates an initial decline followed by a sustained recovery in China's crude oil and condensate production. Although output fell during the early years of the review period, consistent growth after 2018 highlights efforts to strengthen domestic production and improve energy security. The dataset supports production monitoring, supply forecasting, energy market analysis, investment evaluation, and policy development while providing valuable insights for governments, researchers, investors, and industry stakeholders assessing long-term trends in China's upstream petroleum sector.