List of countries by oil production explained

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. Approximately 72% of world oil production came from the top ten countries, and an overlapping 35% came from the twelve OPEC members. Members of OPEC+, which includes OPEC members produce about 60% of the world's petroleum.

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 year that the United States led the world in oil production;[3] 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.[4] U.S. crude oil exports reached a record high in the first half of 2023.[5] U.S. oil production reached a record high in October 2023.[6]

Countries by rank

CountryContinentOil production
December 2023
(bbl/day)
North America13,264,000
Europe/Asia10,126,000
(OPEC) Asia8,950,000
North America4,990,000
(OPEC) Asia4,375,000
Asia4,172,000
(OPEC) Asia4,084,000
South America3,585,000
(OPEC) Asia3,300,000
(OPEC) Asia2,644,000
North America1,903,000
Asia/Europe1,897,000
Europe1,894,000
(OPEC) Africa1,573,000
Asia1,322,000
(OPEC) Africa1,248,000
Africa1,235,000
(OPEC) Africa1,160,000
Asia1,040,000
South America787,000
(OPEC) South America770,000
South America677,000
Europe647,000
Asia605,000
Asia/Europe601,000
Asia589,000
Africa/Asia559,000
South America555,000
Asia525,000
South America486,000
Oceania395,000
(OPEC) Africa253,000
(OPEC) Africa220,000
Asia191,000
Africa175,000
Asia167,000
Asia165,000
Africa160,000
Asia136,000
Africa126,000
Europe119,000
Asia100,000
Asia95,000
Asia/Europe89,000
Asia83,000
(OPEC) Africa79,000
Africa71,000
Europe58,000
Europe57,000
South America54,000
Africa49,000
South America44,000
Africa33,000
Europe32,000
Asia32,000
Oceania31,000
North America30,000
Africa30,000
Europe29,000
Africa29,000
Europe28,000
South America22,000
Europe20,000
Africa19,000
Europe18,000
Asia15,000
Asia15,000
Asia15,000
Europe14,000
Europe13,000
South America13,000
Europe12,000
Oceania11,000
Europe10,000
Europe8,800
Asia7,100
Asia6,200
North America6,000
Africa6,000
Asia5,000
Asia3,500
Asia3,000
South America2,300
Europe1,500
Europe1,400
North America1,000
Europe1,000
Africa1,000
Asia900
North America800
Europe700
Asia300
Europe/Asia200
Asia200
Asia<100
Africa<100
Europe<100
Europe<100
World 82,922,000

See also

Notes and References

  1. Web site: Crude Oil including Lease Condensate Monthly . 3 April 2024 . U.S. Energy Information Administration (EIA).
  2. Web site: Petroleum & Other Liquids . US Energy Information Administration.
  3. Web site: 5 March 2021 . US leads global oil production for sixth straight year- EIA . 16 April 2024 . Reuters.
  4. News: Oil and petroleum products explained . . October 2, 2023.
  5. News: U.S. crude oil exports reached a record high in first half of 2023 . . October 10, 2023.
  6. News: Borenstein . Seth . US oil production hits all-time high, conflicting with efforts to cut heat-trapping pollution . Associated Press News . October 20, 2023.