This is a list of countries by oil production (i.e., petroleum production), as compiled from the U.S. Energy Information Administration database for calendar year 2023, tabulating all countries on a comparable best-estimate basis. Compared with shorter-term data, the full-year figures are less prone to distortion from periodic maintenance shutdowns and other seasonal cycles. The volumes in the table represent crude oil and lease condensate, the hydrocarbon liquids collected at or near the wellhead. The volumes in this table does not include biofuel, refinery gain (the increase in liquid volumes during oil refining), or liquids separated from natural gas in gas processing plants (natural gas liquids).[1] Production data including these other liquids is usually referred to as "Total Liquids Production", "Petroleum & Other Liquids", etc.[2]
Under this definition (crude and condensate), total world oil production in 2023 averaged 81,804,000 barrels per day. In 2022 approximately 69% of world oil production came from the top ten countries, and an overlapping 38% came from the thirteen current OPEC members, in the table below. Members of OPEC+, which includes current OPEC members produce 58% of the world's petroleum.
In recent history, the top three producers have been the United States, Russia, and Saudi Arabia. Each of these countries experienced major production declines at different times in the past, but since 2014 all three have been producing near their peak rates of 9 to 11 million barrels per day.[3]
In addition to being top 5 in oil production, the United States and Russia are also top 5 in oil exports, natural gas production and natural gas exports.
2023 marked the sixth straight that the United States led the world in oil production[4], shale oil fracking has dramatically increased the country's oil output since 2010. The United States also became a net petroleum exporter in 2020, for the first time since at least 1949.[5] U.S. crude oil exports reached a record high in the first half of 2023.[6] U.S. oil production reached a record high in October 2023.[7]
Countries by rank edit
See also edit
References edit
- ^ a b "Crude Oil including Lease Condensate Monthly". U.S. Energy Information Administration (EIA). Retrieved 3 April 2024.
- ^ "Petroleum & Other Liquids". US Energy Information Administration.
- ^ "Monthly Energy Review" (PDF). U.S. Energy Information Administration. 25 May 2017. Figure 11.1a. Retrieved 28 May 2017.
- ^ "US leads global oil production for sixth straight year- EIA". Reuters. 5 March 2021. Retrieved 16 April 2024.
- ^ "Oil and petroleum products explained". Energy Information Administration. 2 October 2023.
- ^ "U.S. crude oil exports reached a record high in first half of 2023". Energy Information Administration. 10 October 2023.
- ^ Borenstein, Seth (20 October 2023). "US oil production hits all-time high, conflicting with efforts to cut heat-trapping pollution". Associated Press News.