Global Oil Production

Updated on 08.25.2022

Middle School

Life and earth sciences

5 min read

The United States are still by far the leading producer, even if the quantities produced – boosted by – were lower in 2018 and 2019. Saudi Arabia and Russia follow, both countries producing almost the same quantities. The oil markets were disrupted by the economic repercussions of the Covid pandemic and will be shaken up again in 2022 by the war in Ukraine.

Global Oil Production (in thousands of barrels/day)

Source: BP Statistical Review 2022
Country	2020	2021	2020-2021 Change	Share of Global Production
United States	16458	16585	0,8%	18,5%
Saudi Arabia	11039	10954	-0,8%	12,2%
Russia	10667	10944	2,5%	12,2%
Canada	5130	5429	5,5%	6,0%
Iraq	4114	4102	-0,3%	4,6%
China	3901	3994	2,3%	4,4%
United Arab Emirates	3693	3668	-0,7%	4,1%
Iran	3084	3620	14,8%	4,0%
Brazil	3030	2987	-1,4%	3,3%
Kuwait	2695	2741	1,7%	3,0%
Norway	2003	2025	1,1%	2,3%
Mexico	1912	1928	0,8%	2,1%
Kazakhstan	1806	1811	0,3%	2,0%
Qatar	1714	1746	1,8%	1,9%
Nigeria	1828	1626	-12,4%	1,8%
Algeria	1330	1353	1,7%	1,5%
Libya	425	1269	66,5%	1,4%
Rest of the world	13666	13096	-4,35%	15%
Total World	88494	89877	1,54%	100%