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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)
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