- 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.
Saudi Arabia Oil Production was 11.39 Million Barrels Daily in 2023, down 6.6% on 2022. The Oil Production dataset of Saudi Arabia from 2015 to 2023 provides a clear and consistent view of the country's oil production landscape, highlighting output trends, production levels, supply changes, industry performance, and annual market developments over the observed period.
Saudi Arabia Oil Production moved from 12.00 Million Barrels Daily in 2015 to 11.39 Million Barrels Daily in 2023 (−5.1%), an average of −0.6% a year. The series high was 12.41 Million Barrels Daily in 2016 and the low 10.95 Million Barrels Daily in 2021.
The gap between the series high (2016) and low (2021) is 1.45 Million Barrels Daily. The sharpest single-year move was +11.3% in 2022.
Among the 27 countries in this dataset, Saudi Arabia ranks 2 for 2023, behind U.S. (19.36 Million Barrels Daily) and Russia (11.07 Million Barrels Daily). It accounts for 11.8% of the global total in 2023.
Full series
Complete annual series with year-on-year change. Values are reported in Million Barrels Daily.
Scroll the table sideways to see all columns.
| Year | Million Barrels Daily | Change vs prior year |
|---|---|---|
| 2023 | 11.39 | −6.6% |
| 2022 | 12.19 | +11.3% |
| 2021 Trough | 10.95 | −0.8% |
| 2020 | 11.04 | −6.7% |
| 2019 | 11.83 | −3.5% |
| 2018 | 12.26 | +3.1% |
| 2017 | 11.89 | −4.1% |
| 2016Peak | 12.41 | +3.4% |
| 2015 | 12.00 | — |
Regional context
Oil Production by country, 2023, Million Barrels Daily. Saudi Arabia is highlighted.
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 oil production and serves as an important indicator of upstream activity, domestic energy supply, investment trends, resource development, and the overall performance of Saudi Arabia's petroleum sector. The dataset offers important insights into production adjustments, market balancing strategies, and the country's pivotal role in global crude oil supply stability.
Saudi Arabia produced 12.00 million barrels daily in 2015 before increasing to 12.41 million in 2016. Production then declined to 11.89 million barrels daily in 2017 before recovering to 12.26 million in 2018. Output decreased again to 11.83 million barrels daily in 2019, followed by a further drop to 11.04 million in 2020 and 10.95 million in 2021. This decline reflects coordinated production cuts and demand-side pressures during a period of global market volatility. Production rebounded strongly to 12.19 million barrels daily in 2022 before easing to 11.39 million barrels daily in 2023, showing continued responsiveness to global supply-demand conditions and OPEC+ policy decisions.
Overall, the dataset highlights a pattern of managed production adjustments rather than structural decline. Saudi Arabia’s output remains closely aligned with global market requirements, supported by large spare capacity, advanced upstream infrastructure, and strategic production planning. These dynamics reinforce its role as a key stabilizer in international oil markets while maintaining long-term production capability.
The dataset serves as a valuable resource for monitoring national oil production performance, evaluating supply trends, assessing upstream investment, 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.
Saudi Arabia Oil Production was 11.39 Million Barrels Daily in 2023, down 6.6% on 2022.
Saudi Arabia Oil Production moved from 12.00 Million Barrels Daily in 2015 to 11.39 Million Barrels Daily in 2023 (−5.1%), an average of −0.6% a year. The series high was 12.41 Million Barrels Daily in 2016 and the low 10.95 Million Barrels Daily in 2021.
The highest value was 12.41 Million Barrels Daily in 2016 and the lowest was 10.95 Million Barrels Daily in 2021.
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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