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This is a list of countries by oil production (i.e., petroleum production), as compiled from the The US will be a net energy exporter by 2022, four years sooner than expected, Energy Department says
CNBC, 7 February 2018.
This is a list of countries by oil production (i.e., petroleum production), as compiled from the U.S. Energy Information Administration
The U.S. Energy Information Administration (EIA) is a principal agency of the U.S. Federal Statistical System responsible for collecting, analyzing, and disseminating energy information to promote sound policymaking, efficient markets, and publ ...
database for calendar year 2021, 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
Petroleum, also known as crude oil, or simply oil, is a naturally occurring yellowish-black liquid mixture of mainly hydrocarbons, and is found in geological formations. The name ''petroleum'' covers both naturally occurring unprocessed crude ...
and lease condensate, the hydrocarbon liquids collected at or near the wellhead. The volumes in the table do not include biofuel
Biofuel is a fuel that is produced over a short time span from biomass, rather than by the very slow natural processes involved in the formation of fossil fuels, such as oil. According to the United States Energy Information Administration (E ...
. They also do not include the increase in liquid volumes during oil refining ("refinery gain"), or liquids separated from natural gas in gas processing plants ( natural gas liquids).
Under this definition, total world oil production in 2021 averaged 77,043,680 barrels per day. Approximately 71% came from the top ten countries, and an overlapping 37% came from the thirteen current OPEC
The Organization of the Petroleum Exporting Countries (OPEC, ) is a cartel of countries. Founded on 14 September 1960 in Baghdad by the first five members (Iran, Iraq, Kuwait, Saudi Arabia, and Venezuela), it has, since 1965, been headquart ...
members, in the table below.
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. Saudi Arabia and Russia also top the list of oil exporting countries. The monthly U.S. oil production reached 12.86 million b/d in November 2019, the highest monthly level of crude oil production in U.S. history. In May 2019 the country became a net oil and gas exporter for the first time since 1953.CNBC, 7 February 2018.
See also
* List of countries by natural gas proven reserves *List of countries by natural gas consumption
This is a list of countries by annual natural gas consumption
Consumption may refer to:
*Resource consumption
*Tuberculosis, an infectious disease, historically
* Consumption (ecology), receipt of energy by consuming other organisms
* Consumption ...
* Natural gas by country
* World energy supply and consumption
* List of countries by natural gas production
References
{{DEFAULTSORT:List Of Countries By Oil Production Oil production *Production Petroleum economics Oil production