Feature Report: Oil Producers and Consumers

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Featured Figures

Global Oil Production

The United States are still by far the leading crude oil producer, even if the quantities produced – boosted by shale oil – 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)

 
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%

 

Source: BP Statistical Review 2022