- 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.
Saudi Arabia Crude Oil and Condensate Production was 9,609 Thousand Barrels Daily in 2023, down 8.6% on 2022. The Crude Oil and Condensate Production dataset of Saudi Arabia from 2015 to 2023 provides a clear and consistent view of the country’s petroleum production landscape, highlighting production trends, crude oil output, condensate volumes, and supply patterns over the observed period.
Saudi Arabia Crude Oil and Condensate Production moved from 10,420 Thousand Barrels Daily in 2015 to 9,609 Thousand Barrels Daily in 2023 (−7.8%), an average of −1% a year. The series high was 10,688 Thousand Barrels Daily in 2016 and the low 9,394 Thousand Barrels Daily in 2021.
The gap between the series high (2016) and low (2021) is 1,294 Thousand Barrels Daily. The sharpest single-year move was +11.9% in 2022.
Among the 28 countries in this dataset, Saudi Arabia ranks 3 for 2023, behind U.S. (12,927 Thousand Barrels Daily) and Russia (10,554 Thousand Barrels Daily). It accounts for 11.6% of the global total in 2023.
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 | 9,609 | −8.6% |
| 2022 | 10,509 | +11.9% |
| 2021 Trough | 9,394 | −0.4% |
| 2020 | 9,430 | −7% |
| 2019 | 10,145 | −3.7% |
| 2018 | 10,533 | +3.5% |
| 2017 | 10,175 | −4.8% |
| 2016Peak | 10,688 | +2.6% |
| 2015 | 10,420 | — |
Regional context
Crude Oil and Condensate Production by country, 2023, Thousand Barrels Daily. Saudi Arabia is highlighted.
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 domestic crude oil and condensate production, making it an important indicator of upstream energy activity, resource utilization, export capacity, and the country's role in global oil markets.
Saudi Arabia produced 10.42 million barrels daily of crude oil and condensate in 2015, increasing to 10.69 million barrels daily in 2016 before declining to 10.18 million barrels daily in 2017. Production recovered to 10.53 million barrels daily in 2018 but eased to 10.15 million barrels daily in 2019. Output declined significantly to 9.43 million barrels daily in 2020 as global oil demand weakened and production controls were implemented. Production remained relatively stable at 9.39 million barrels daily in 2021 before rebounding to 10.51 million barrels daily in 2022. In 2023, production declined again to 9.61 million barrels daily, reflecting market balancing measures and evolving supply conditions.
Overall, the dataset demonstrates moderate fluctuations in Saudi Arabia's crude oil and condensate production while maintaining consistently high output throughout the review period. The trend reflects the country's production management strategy, market stabilization efforts, and ability to adjust supply in response to changing global energy demand and international market conditions.
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 energy market analysis, production forecasting, investment planning, and policy formulation. Researchers, policymakers, and industry stakeholders can use the information to evaluate production strategies, resource management, and Saudi Arabia's continuing influence on global crude oil supply and energy markets.
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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.
Saudi Arabia Crude Oil and Condensate Production was 9,609 Thousand Barrels Daily in 2023, down 8.6% on 2022.
Saudi Arabia Crude Oil and Condensate Production moved from 10,420 Thousand Barrels Daily in 2015 to 9,609 Thousand Barrels Daily in 2023 (−7.8%), an average of −1% a year. The series high was 10,688 Thousand Barrels Daily in 2016 and the low 9,394 Thousand Barrels Daily in 2021.
The highest value was 10,688 Thousand Barrels Daily in 2016 and the lowest was 9,394 Thousand Barrels Daily in 2021.
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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