- Oil Production refers to the total amount of crude oil extracted from underground reservoirs within a country during a given year, before any refining or processing takes place.
Global Oil Production was 96.38 Million Barrels Daily in 2023, up 2.2% on 2022. The Oil Production dataset of the Global market from 2015 to 2023 provides a comprehensive overview of worldwide crude oil production, highlighting output trends, production levels, supply changes, industry performance, and annual market developments.
Global Oil Production moved from 91.72 Million Barrels Daily in 2015 to 96.38 Million Barrels Daily in 2023 (+5.1%), an average of +0.6% a year. The series high was 96.38 Million Barrels Daily in 2023 and the low 88.93 Million Barrels Daily in 2020.
The gap between the series high (2023) and low (2020) is 7.45 Million Barrels Daily. The sharpest single-year move was −6.6% in 2020.
Of the 27 countries in this dataset, U.S., Saudi Arabia and Russia have the highest values in 2023 (19.36, 11.39, 11.07 Million Barrels Daily respectively).
Country ranking
Million Barrels Daily. Sort by any column, or search for a country.
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| Rank↕ | Country↕ | Share of top | Million Barrels Daily↕ | vs 2022 |
|---|---|---|---|---|
| 1 | U.S. | 19.36 | +8.5% | |
| 2 | Saudi Arabia | 11.39 | −6.6% | |
| 3 | Russia | 11.08 | −1.1% | |
| 4 | Canada | 5.65 | +1.4% | |
| 5 | China | 4.20 | +2.1% | |
| 6 | UAE | 3.92 | −2.4% | |
| 7 | Brazil | 3.50 | +12.5% | |
| 8 | Kuwait | 2.91 | −4.2% | |
| 9 | Mexico | 2.04 | +5% | |
| 10 | Kazakhstan | 1.89 | +6.8% | |
| 11 | Qatar | 1.77 | +1.7% | |
| 12 | Nigeria | 1.54 | +6.6% | |
| 13 | Algeria | 1.41 | −2.4% | |
| 14 | Argentina | 1.07 | +12.5% | |
| 15 | Oman | 1.05 | −1.4% | |
| 16 | Colombia | 0.777 | +3.1% | |
| 17 | India | 0.728 | −1.5% | |
| 18 | UK | 0.715 | −11.6% | |
| 19 | Indonesia | 0.638 | −1.4% | |
| 20 | Azerbaijan | 0.620 | −7.3% | |
| 21 | Egypt | 0.610 | −0.5% | |
| 22 | Malaysia | 0.565 | +0.7% | |
| 23 | Australia | 0.383 | −7% | |
| 24 | Thailand | 0.324 | −1.2% | |
| 25 | Vietnam | 0.188 | −3.1% | |
| 26 | Italy | 0.0900 | −4.3% | |
| 27 | Denmark | 0.0600 | −7.7% |
By region
Million Barrels Daily, 2023. Each bar is that region's total.
Full series
Complete annual series with year-on-year change. Values are reported in Million Barrels Daily.
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| Year | Million Barrels Daily | Change vs prior year |
|---|---|---|
| 2023Peak | 96.38 | +2.2% |
| 2022 | 94.29 | +4.4% |
| 2021 | 90.28 | +1.5% |
| 2020 Trough | 88.93 | −6.6% |
| 2019 | 95.17 | +0.2% |
| 2018 | 95.00 | +2.6% |
| 2017 | 92.59 | +0.5% |
| 2016 | 92.09 | +0.4% |
| 2015 | 91.72 | — |
Data definition
Oil Production — - Oil Production refers to the total amount of crude oil extracted from underground reservoirs within a country during a given year, before any refining or processing takes place. It is typically measured in thousand barrels per day (kb/d) and represents the output of crude petroleum from both conventional and unconventional sources. This indicator reflects a country’s upstream oil industry performance, resource availability, and role in global energy supply. It is widely used to assess production trends, energy security, and dependence on oil resources for economic development.
The data includes crude oil extracted from both onshore and offshore oil fields, covering production from conventional wells as well as unconventional sources such as tight oil and shale oil where applicable. It includes all crude oil produced at the wellhead before refining, processing, or blending. The indicator may also include lease condensate when reported as part of crude oil production in national energy statistics. Data is compiled from national energy agencies, oil companies, and standardized international energy databases, ensuring consistency in comparing production levels across countries and over time.
The data excludes refined petroleum products such as gasoline, diesel, jet fuel, kerosene, LPG, and other products derived from crude oil after refining. It does not include natural gas production, natural gas liquids (except where classified as condensate under crude oil reporting), biofuels, synthetic crude from coal-to-liquids or gas-to-liquids processes, or refinery gains. The indicator does not measure oil consumption, reserves, imports, exports, or refining capacity. Minor variations may arise due to differences in national reporting standards, classification of condensates, and estimation methodologies used across countries.
Oil Production — - Oil Production refers to the total amount of crude oil extracted from underground reservoirs within a country during a given year, before any refining or processing takes place. It is typically measured in thousand barrels per day (kb/d) and represents the output of crude petroleum from both conventional and unconventional sources. This indicator reflects a country’s upstream oil industry performance, resource availability, and role in global energy supply. It is widely used to assess production trends, energy security, and dependence on oil resources for economic development.
Measured in million barrels daily, the dataset reflects total global oil production and serves as an important indicator of upstream activity, energy supply, resource development, investment trends, and the overall performance of the global petroleum industry. It supports analysis of long-term production patterns, supply dynamics, and developments across major oil-producing economies.
Global oil production totaled 91.72 million barrels daily in 2015 before increasing to 92.09 million in 2016 and 92.59 million in 2017. Output rose further to 95.00 million barrels daily in 2018 and 95.17 million in 2019. Production declined sharply to 88.93 million barrels daily in 2020 following pandemic-related disruptions and coordinated supply reductions before recovering to 90.28 million in 2021, 94.29 million in 2022, and reaching 96.38 million barrels daily in 2023, the highest level during the review period. Throughout these years, the United States remained the world's largest oil producer, increasing production from 12.78 million to 19.36 million barrels daily. Saudi Arabia consistently ranked among the leading producers, while Canada recorded steady production growth, reinforcing North America's growing contribution to global oil supply.
Overall, the dataset demonstrates resilient long-term growth despite temporary disruptions in 2020. Continued upstream investment, technological advancements, and expansion of conventional and unconventional resources supported the recovery in production. These trends highlight the adaptability of the global petroleum industry and its continued importance in meeting worldwide energy demand.
The dataset serves as a valuable resource for monitoring global oil production performance, evaluating supply trends, supporting market analysis, forecasting future production, and enabling policymakers, researchers, investors, and industry stakeholders to develop effective energy strategies and production planning.
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Definition- Oil Production refers to the total amount of crude oil extracted from underground reservoirs within a country during a given year, before any refining or processing takes place. It is typically measured in thousand barrels per day (kb/d) and represents the output of crude petroleum from both conventional and unconventional sources. This indicator reflects a country’s upstream oil industry performance, resource availability, and role in global energy supply. It is widely used to assess production trends, energy security, and dependence on oil resources for economic development.
Global Oil Production was 96.38 Million Barrels Daily in 2023, up 2.2% on 2022.
Global Oil Production moved from 91.72 Million Barrels Daily in 2015 to 96.38 Million Barrels Daily in 2023 (+5.1%), an average of +0.6% a year. The series high was 96.38 Million Barrels Daily in 2023 and the low 88.93 Million Barrels Daily in 2020.
The highest value was 96.38 Million Barrels Daily in 2023 and the lowest was 88.93 Million Barrels Daily in 2020.
Included: The data includes crude oil extracted from both onshore and offshore oil fields, covering production from conventional wells as well as unconventional sources such as tight oil and shale oil where applicable. It includes all crude oil produced at the wellhead before refining, processing, or blending. The indicator may also include lease condensate when reported as part of crude oil production in national energy statistics. Data is compiled from national energy agencies, oil companies, and standardized international energy databases, ensuring consistency in comparing production levels across countries and over time. Excluded: The data excludes refined petroleum products such as gasoline, diesel, jet fuel, kerosene, LPG, and other products derived from crude oil after refining. It does not include natural gas production, natural gas liquids (except where classified as condensate under crude oil reporting), biofuels, synthetic crude from coal-to-liquids or gas-to-liquids processes, or refinery gains. The indicator does not measure oil consumption, reserves, imports, exports, or refining capacity. Minor variations may arise due to differences in national reporting standards, classification of condensates, and estimation methodologies used 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 Million Barrels Daily.
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