Crude Oil Production

• Date: 01 February 2017
• DOI: http://doi.org/10.1111/oet.3_12398
• Published date: 01 February 2017

OIL AND ENERGY TRENDS, FEBRUARY 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

2011 34,902 17,712 13,861 16,429 82,904

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 36,127 22,411 13,749 16,165 88,451

2014 Oct 35,743 22,223 14,125 15,896 87,987

Nov 35,437 22,181 13,477 16,005 87,100

Dec 35,511 22,507 13,798 16,104 87,920

2015 Jan 35,489 22,400 13,925 16,157 87,972

Feb 35,460 22,659 13,460 16,203 87,782

Mar 36,245 22,791 13,665 16,155 88,856

Apr 36,297 22,671 13,650 16,248 88,867

May 36,721 22,153 13,587 16,224 88,685

Jun 37,403 22,155 13,973 16,301 89,832

Jul 37,311 22,806 13,824 16,197 90,138

Aug 37,231 22,469 13,811 16,246 89,758

Sep 37,325 21,897 13,761 16,194 89,177

Oct 37,294 22,195 13,590 15,880 88,959

Nov 37,283 22,373 13,928 16,051 89,634

Dec 37,320 22,368 13,790 16,119 89,597

2,016 Jan 37,618 22,713 13,815 15,946 90,092

Feb 37,247 22,510 14,075 15,905 89,737

Mar 37,056 22,657 14,259 15,871 89,843

Apr 37,474 22,283 13,730 15,738 89,225

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

Jun 37,559 21,353 13,657 16,041 88,610

Jul 37,704 22,415 13,804 16,002 89,925

Aug 37,867 22,328 13,153 15,958 89,305

Sep 38,048 21,652 13,958 16,028 89,687

Oct 38,470 22,165 13,642 15,702 89,979

Nov 38,928 22,278 13,864 15,681 90,751

Dec 38,676 22,572 13,629 15,665 90,543

Table 4.2 OPEC Crude Oil Production

OPEC Crude Oil Production Estimated OPEC NGL

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

2013 2014 2015 2016 2016 2016 2016 2016 2016 2016 2016 2013 2014 2015

May Jun Jul Aug Sep Oct Nov Dec

Middle East

Iran 2,790 2,800 2,860 3,440 3,510 3,550 3,610 3,620 3,660 3,680 3,690 530 530 540

Iraq 3,180 3,310 4,060 4,320 4,320 4,330 4,300 4,480 4,580 4,640 4,650 40 40 40

Kuwait 2,615 2,650 2,685 2,750 2,760 2,810 2,830 2,860 2,880 2,880 2,870 210 200 200

Neutral Zone 470380150000 00000 -- -

Qatar 720 710 650 640 620 620 640 640 640 640 640 1,220 1,210 1,240

Saudi Arabia 9,655 9,520 10,135 10,200 10,320 10,490 10,570 10,530 10,480 10,430 10,400 1,640 1,830 1,790

UAE 2,790 2,780 2,890 2,900 2,910 2,930 2,960 3,000 3,050 3,030 3,010 400 400 560

Total OPEC Mid East 22,220 22,150 23,430 24,250 24,440 24,730 24,910 25,130 25,290 25,300 25,260 4,040 4,210 4,370

Africa

Algeria 1,130 1,150 1,100 1,090 1,090 1,090 1,090 1,090 1,120 1,110 1,110 510 470 490

Angola 1,640 1,660 1,750 1,730 1,740 1,750 1,770 1,730 1,550 1,750 1,730 17 17 17

Libya 410 460 390 250 310 290 260 330 550 580 600 90 50 50

Nigeria 1,900 1,960 1,900 1,520 1,560 1,450 1,440 1,420 1,650 1,700 1,650 401 207 213

Total OPEC Africa 5,080 5,230 5,140 4,590 4,700 4,580 4,560 4,570 4,870 5,140 5,090 1,018 744 770

Other OPEC

Ecuador 550 540 540 540 540 540 540 540 540 540 540 - - -

Venezuela 2,340 2,360 2,410 2,320 2,290 2,270 2,220 2,180 2,170 2,160 2,130 210 210 210

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

Total OPEC Other 2,890 2,900 2,950 2,860 2,830 2,810 2,760 2,720 2,710 2,700 2,670 210 210 210

Total Opec ex NGLs 30,190 30,280 31,520 31,700 31,970 32,120 32,230 32,420 32,870 33,140 33,020

OPEC NGLs 5,268 5,164 5,350 5,566 5,589 5,584 5,637 5,628 5,600 5,788 5,656 5,268 5,164 5,350

Total OPEC incl. NGLs 35,458 35,444 36,870 37,266 37,559 37,704 37,867 38,048 38,470 38,928 38,676

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

million barrels per day

2014-2016

Total World Oil Production

33

34

35

36

37

38

39

40

million barrels per day

2014–2016

Total OPEC Oil Production