- 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.
Global Crude Oil and Condensate Production was 82,757 Thousand Barrels Daily in 2023, up 1.7% on 2022. Crude Oil and Condensate Production in Global from 2015 to 2023 provides a clear and consistent view of worldwide oil supply trends, highlighting production patterns, crude oil output, condensate volumes, and market dynamics over the observed period.
Global Crude Oil and Condensate Production moved from 81,688 Thousand Barrels Daily in 2015 to 82,757 Thousand Barrels Daily in 2023 (+1.3%), an average of +0.2% a year. The series high was 83,611 Thousand Barrels Daily in 2018 and the low 77,053 Thousand Barrels Daily in 2020.
The gap between the series high (2018) and low (2020) is 6,558 Thousand Barrels Daily. The sharpest single-year move was −7.5% in 2020.
Of the 28 countries in this dataset, U.S., Russia and Saudi Arabia have the highest values in 2023 (12,927, 10,554, 9,609 Thousand Barrels Daily respectively).
Country ranking
Thousand Barrels Daily. Sort by any column, or search for a country.
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| Rank↕ | Country↕ | Share of top | Thousand Barrels Daily↕ | vs 2022 |
|---|---|---|---|---|
| 1 | U.S. | 12,927 | +8.5% | |
| 2 | Russia | 10,554 | −1.1% | |
| 3 | Saudi Arabia | 9,609 | −8.6% | |
| 4 | Canada | 4,935 | +1.4% | |
| 5 | China | 4,198 | +2.1% | |
| 6 | Brazil | 3,402 | +12.6% | |
| 7 | UAE | 3,251 | −3.4% | |
| 8 | Kuwait | 2,590 | −4.3% | |
| 9 | Kazakhstan | 1,891 | +6.8% | |
| 10 | Mexico | 1,875 | +5% | |
| 11 | Nigeria | 1,471 | +6.7% | |
| 12 | Qatar | 1,310 | +1.9% | |
| 13 | Algeria | 1,137 | −3.5% | |
| 14 | Oman | 1,049 | −1.4% | |
| 15 | Argentina | 946 | +13.7% | |
| 16 | Colombia | 777 | +3.1% | |
| 17 | UK | 659 | −11.2% | |
| 18 | Azerbaijan | 619 | −7.2% | |
| 19 | Indonesia | 606 | −1% | |
| 20 | India | 605 | −0.7% | |
| 21 | Egypt | 565 | −0.5% | |
| 22 | Malaysia | 508 | +1.2% | |
| 23 | Australia | 281 | −9.6% | |
| 24 | Vietnam | 175 | −3.8% | |
| 25 | Turkmenistan | 166 | −4% | |
| 26 | Thailand | 136 | −4.9% | |
| 27 | Italy | 88.00 | −4.3% | |
| 28 | Denmark | 60.00 | −7.7% |
By region
Thousand Barrels Daily, 2023. Each bar is that region's total.
Full series
Complete annual series with year-on-year change. Values are reported in Thousand Barrels Daily.
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| Year | Thousand Barrels Daily | Change vs prior year |
|---|---|---|
| 2023 | 82,757 | +1.7% |
| 2022 | 81,385 | +4.2% |
| 2021 | 78,079 | +1.3% |
| 2020 Trough | 77,053 | −7.5% |
| 2019 | 83,275 | −0.4% |
| 2018Peak | 83,611 | +2.2% |
| 2017 | 81,808 | +0.3% |
| 2016 | 81,561 | −0.2% |
| 2015 | 81,688 | — |
Data definition
Crude Oil and Condensate Production — - 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.
The data includes the production of crude oil extracted from conventional and unconventional oil fields, as well as lease condensate recovered at the wellhead or during field processing before refining. It covers both onshore and offshore oil production and includes output from integrated oil and gas operations where condensate is produced alongside natural gas. Production is reported before refining and excludes downstream petroleum processing activities. The dataset is compiled using standardized international energy reporting methodologies based on national production statistics and industry data, enabling consistent comparison of crude oil and condensate production across countries and over time.
The data excludes refined petroleum products such as gasoline, diesel, kerosene, fuel oil, liquefied petroleum gas (LPG), and other products obtained through refinery processing. It also excludes natural gas production, natural gas liquids (NGLs) other than lease condensate, synthetic fuels, biofuels, oil shale products, and petroleum derived from coal-to-liquids or gas-to-liquids processes unless specifically stated in the reporting methodology. The indicator does not measure crude oil reserves, exports, imports, domestic consumption, refinery throughput, or production value. Minor differences may occur due to variations in national reporting standards, condensate classification, and estimation methodologies across countries.
Crude Oil and Condensate Production — - 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 daily, the dataset reflects production across major oil-producing economies and serves as an important indicator of global energy supply, upstream investment, and market stability.
Global crude oil and condensate production remained relatively stable between 2015 and 2019, increasing from 81.69 million barrels daily in 2015 to 81.56 million in 2016, 81.81 million in 2017, 83.61 million in 2018, and 83.28 million in 2019. Production declined sharply to 77.05 million barrels daily in 2020 as the COVID-19 pandemic reduced fuel demand and prompted coordinated supply cuts. Output recovered to 78.08 million barrels daily in 2021, rising further to 81.39 million in 2022 and 82.76 million barrels daily in 2023. The U.S. strengthened its position as the world's largest producer, increasing output from 9.44 million barrels daily in 2015 to 12.93 million in 2023. Saudi Arabia maintained consistently high production, fluctuating between 9.39 million and 10.69 million barrels daily, while China recorded comparatively stable production, ranging from 3.80 million to 4.31 million barrels daily during the review period.
Overall, the dataset highlights a resilient global oil industry, with the temporary decline in 2020 followed by a steady recovery driven by improving demand, renewed upstream investment, and expanding production in key producing countries. Rising U.S. output played a significant role in supporting global supply during the post-pandemic recovery.
The dataset supports analysis of global oil production trends, supply security, investment planning, market forecasting, and strategic decision-making for policymakers, researchers, energy companies, and industry stakeholders.
Using this data in a report, paper or presentation? Copy a formatted citation.
Definition- 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.
Global Crude Oil and Condensate Production was 82,757 Thousand Barrels Daily in 2023, up 1.7% on 2022.
Global Crude Oil and Condensate Production moved from 81,688 Thousand Barrels Daily in 2015 to 82,757 Thousand Barrels Daily in 2023 (+1.3%), an average of +0.2% a year. The series high was 83,611 Thousand Barrels Daily in 2018 and the low 77,053 Thousand Barrels Daily in 2020.
The highest value was 83,611 Thousand Barrels Daily in 2018 and the lowest was 77,053 Thousand Barrels Daily in 2020.
Included: The data includes the production of crude oil extracted from conventional and unconventional oil fields, as well as lease condensate recovered at the wellhead or during field processing before refining. It covers both onshore and offshore oil production and includes output from integrated oil and gas operations where condensate is produced alongside natural gas. Production is reported before refining and excludes downstream petroleum processing activities. The dataset is compiled using standardized international energy reporting methodologies based on national production statistics and industry data, enabling consistent comparison of crude oil and condensate production across countries and over time. Excluded: The data excludes refined petroleum products such as gasoline, diesel, kerosene, fuel oil, liquefied petroleum gas (LPG), and other products obtained through refinery processing. It also excludes natural gas production, natural gas liquids (NGLs) other than lease condensate, synthetic fuels, biofuels, oil shale products, and petroleum derived from coal-to-liquids or gas-to-liquids processes unless specifically stated in the reporting methodology. The indicator does not measure crude oil reserves, exports, imports, domestic consumption, refinery throughput, or production value. Minor differences may occur due to variations in national reporting standards, condensate classification, and estimation methodologies across countries.
The series is sourced from energyinst.org (https://www.energyinst.org/__data/assets/pdf_file/0006/1542714/684_EI_Stat_Review_V16_DIGITAL.pdf). It covers 2015–2023 and is reported in Thousand Barrels Daily.
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