Crude Oil Production

• Date: 01 May 2017
• Published date: 01 May 2017
• DOI: http://doi.org/10.1111/oet.3_12404

OIL AND ENERGY TRENDS, MAY 2017 OIL PRODUCTION 23

Table 4.1 World Oil Production: Overview

(thousand barrels/day) Including NGL

1970 28,310 13,248 7,140 3,760 52,458

1980 27,476 16,915 12,110 6,661 63,162

1985 16,785 19,702 11,984 9,188 57,658

1990 24,709 18,564 11,048 11,154 65,475

1995 25,945 20,250 7,308 12,533 66,037

2000 32,855 19,049 11,974 15,935 79,813

2012 36,555 18,590 13,872 15,856 84,873

2013 35,650 19,764 13,921 15,991 85,327

2014 35,434 21,492 13,917 15,820 86,663

2015 36,103 22,411 13,771 16,169 88,454

2016 37,837 22,177 13,843 15,916 89,772

2015 Jan 35,465 22,400 13,941 16,173 87,980

Feb 35,436 22,659 13,486 16,199 87,780

Mar 36,222 22,791 13,691 16,171 88,875

Apr 36,276 22,671 13,676 16,256 88,880

May 36,698 22,153 13,603 16,232 88,686

Jun 37,379 22,155 13,999 16,317 89,850

Jul 37,287 22,806 13,852 16,193 90,138

Aug 37,207 22,469 13,827 16,240 89,744

Sep 37,300 21,897 13,777 16,190 89,164

Oct 37,271 22,195 13,616 15,876 88,958

Nov 37,261 22,373 13,944 16,057 89,634

Dec 37,295 22,368 13,818 16,125 89,606

2016 Jan 37,645 22,713 13,815 15,966 90,139

Feb 37,263 22,510 14,075 15,915 89,763

Mar 37,074 22,657 14,259 15,869 89,859

Apr 37,480 22,283 13,730 15,747 89,239

May 37,266 21,088 13,667 15,910 87,931

Jun 37,565 21,353 13,657 16,041 88,616

Jul 37,707 22,415 13,804 16,002 89,928

Aug 37,872 22,328 13,153 15,956 89,308

Sep 38,050 21,652 13,958 16,039 89,699

Oct 38,442 22,165 13,647 15,913 90,167

Nov 38,786 22,564 14,064 15,994 91,408

Dec 38,591 22,220 14,059 16,031 90,901

2017 Jan 38,754 22,578 14,212 16,383 91,927

Feb 37,574 22,960 14,206 16,381 91,121

Mar 37,569 22,488 14,101 15,785 89,942

Table 4.2 OPEC Crude Oil Production

OPEC Crude Oil Production Estimated OPEC NGL

(thousand barrels/day) Excluding NGL (thousand barrels per day)

2014 2015 2016 2016 2016 2016 2016 2016 2017 2017 2017 2014 2015 2016

Aug Sep Oct Nov Dec Jan Feb Mar

Middle East

Iran 2,800 3,200 3,430 3,610 3,620 3,660 3,680 3,690 3,720 3,760 3,770 530 530 560

Iraq 3,310 4,240 4,420 4,300 4,480 4,580 4,640 4,650 4,490 4,420 4,400 40 40 40

Kuwait 2,650 2,760 2,770 2,830 2,860 2,880 2,880 2,870 2,720 2,720 2,690 200 200 210

Neutral Zone 380 40 40 - - - --------

Qatar 710 650 640 640 640 640 640 640 630 620 610 1,210 1,220 1,290

Saudi Arabia 9,520 10,230 10,330 10,570 10,530 10,480 10,430 10,400 9,950 9,840 9,960 1,830 1,800 1,820

UAE 2,780 2,940 2,930 2,960 3,000 3,050 3,030 3,010 3,910 2,890 2,890 400 560 660

Total OPEC Mid East 22,150 24,060 24,560 24,910 25,130 25,290 25,300 25,260 25,420 24,250 24,320 4,210 4,350 4,580

Africa

Algeria 1,150 1,100 1,100 1,090 1,090 1,120 1,110 1,110 1,080 1,080 1,080 470 480 500

Angola 1,660 1,740 1,740 1,770 1,730 1,550 1,750 1,730 1,660 1,690 1,630 17 17 17

Libya 460 400 380 260 330 550 580 600 680 680 630 50 50 50

Nigeria 1,960 1,760 1,630 1,440 1,420 1,650 1,700 1,650 1,680 1,710 1,540 207 209 220

Total OPEC Africa 5,230 5,000 4,850 4,560 4,570 4,870 5,140 5,090 5,100 5,160 4,880 744 756 787

Other OPEC

Ecuador 540 540 540 540 540 540 540 540 530 530 530 -

Venezuela 2,360 2,320 2,270 2,220 2,180 2,170 2,160 2,130 2,080 2,020 2,030 210 210 200

Indonesia ------ --------

Total OPEC Other 2,900 2,860 2,810 2,760 2,720 2,710 2,700 2,670 2,610 2,550 2,560 210 210 200

Total Opec ex NGLs 30,280 31,920 32,220 32,230 32,420 32,870 33,140 33,020 33,130 31,960 31,760

OPEC NGLs 5,164 5,316 5,567 5,642 5,630 5,572 5,646 5,571 5,624 5,614 5,809 5,164 5,316 5,567

Total OPEC incl. NGLs 35,444 37,236 37,787 37,872 38,050 38,442 38,786 38,591 38,754 37,574 37,569

Note: OPEC totals for tables 4.1 and 4.2 may differ due to rounding

OPEC-12 OECD-30 Total WorldCIS/FSU Other

85

86

87

88

89

90

91

92

93

million barrels per day

2015-2017

Total World Oil Production

33

34

35

36

37

38

39

40

million barrels per day

2015–2017

Total OPEC Oil Production