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 daily, the dataset reflects domestic crude oil and condensate production, making it an important indicator of upstream energy activity, resource utilization, export capability, and petroleum sector performance.
Russia recorded crude oil and condensate production of 10.62 million barrels daily in 2015, increasing to 10.86 million barrels daily in 2016, 10.90 million barrels daily in 2017, 11.08 million barrels daily in 2018, and 11.19 million barrels daily in 2019, the highest level during the review period. Output declined to 10.19 million barrels daily in 2020 amid weaker global demand and production cuts before recovering to 10.46 million barrels daily in 2021 and 10.67 million barrels daily in 2022. Production eased slightly to 10.55 million barrels daily in 2023 while remaining among the world's largest crude oil producers.
Overall, the dataset highlights consistently high crude oil and condensate production with moderate fluctuations during the review period. The trend reflects Russia's extensive hydrocarbon resource base, mature upstream industry, and its significant role in global crude oil supply despite temporary market disruptions.
The dataset serves as a valuable resource for monitoring national oil production performance, evaluating upstream sector developments, and assessing long-term supply trends. It also supports production forecasting, investment analysis, energy market assessments, and policy development. Researchers, policymakers, and industry stakeholders can use the information to evaluate production efficiency, resource management strategies, and future exploration opportunities while supporting informed decision-making across Russia's petroleum industry.