Crude Oil Production

• Published date: 01 November 2019
• Date: 01 November 2019
• DOI: http://doi.org/10.1111/oet.3_12598

OIL AND ENERGY TRENDS, NOVEMBER 2019 OIL PRODUCTION 23

OIL AND ENERGY TRENDS, NOVEMBER 2019

OIL PRODUCTION

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

2014 36,264 21,492 13,917 14,991 86,664

2015 36,913 22,411 13,720 15,413 88,457

2016 38,600 22,162 13,776 15,289 89,827

2017 39,904 22,724 14,777 15,528 92,934

2018 39,780 24,881 14,866 15,519 95,046

2017 Jul 39,224 23,015 14,696 16,422 93,357

Aug 38,995 23,072 14,589 16,395 93,051

Sep 39,165 22,622 14,770 16,389 92,946

Oct 39,073 22,849 14,817 16,543 93,282

Nov 38,841 23,380 14,873 16,553 93,648

Dec 38,888 23,019 15,006 16,586 93,499

2018 Jan 38,886 24,114 15,038 16,276 94,315

Feb 38,606 24,557 15,097 16,334 94,594

Mar 38,459 24,132 15,025 16,225 93,842

Apr 38,442 24,166 15,017 16,075 93,700

May 38,396 23,454 15,028 16,205 93,083

Jun 38,671 24,212 15,047 16,243 94,173

Jul 37,670 25,096 15,136 16,242 94,144

Aug 37,951 25,197 14,920 16,342 94,410

Sep 38,114 24,822 15,363 16,247 94,546

Oct 38,214 25,340 15,333 16,400 95,286

Nov 38,186 26,226 15,556 16,495 96,463

Dec 37,470 26,200 15,607 16,602 95,878

2019 Jan 36,661 26,305 15,552 16,516 95,034

Feb 36,452 26,532 15,565 16,461 95,010

Mar 35,917 26,474 15,399 16,373 94,163

Apr 36,087 26,498 14,808 16,292 93,685

May 35,986 25,672 14,932 16,494 93,084

Jun 35,604 25,745 15,211 16,547 93,108

Jul 35,507 26,295 15,187 16,368 93,357

Aug 35,363 27,152 15,247 16,472 94,233

Sep 33,813 26,730 15,245 16,395 92,183

Table 4.2 OPEC Crude Oil Production

OPEC Crude Oil Production

Estimated OPEC NGL

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

2016 2017 2018 2019 2019 2019 2019 2019 2019 2019 2019 2016 2017 2018

Feb Mar Apr May Jun Jul Aug Sep

Middle East

Iran 3,430 3,790 3,590 2,770 2,800 2,730 2,800 2,400 2,280 2,260 2,200 730 730 730

Iraq 4,420 4,430 4,530 4,600 4,470 4,520 4,470 4,630 4,720 4,750 4,730 30 30 30

Kuwait 2,785 2,710 2,760 2,710 2,690 2,680 2,690 2,700 2,720 2,640 2,660 210 210 210

Neutral Zone 10----- --------

Qatar 640 610 610 610 600 600 600 600 600 600 600 1,270 1,270 1,280

Saudi Arabia 10,345 9,960 10,310 10,210 9,850 9,900 9,850 9,780 9,690 9,760 8,310 1,820 1,860 1,890

UAE 2,930 2,980 2,970 3,040 3,010 3,050 3,010 3,070 3,030 3,030 3,060 650 670 650

Total OPEC Mid East 24,560 24,480 24,770 23,940 23,420 23,480 23,420 23,180 23,040 23,040 21,560 4,710 4,770 4,790

Africa

Algeria 1,100 1,060 1,040 1,040 1,030 1,040 1,030 1,000 1,000 1,030 1,020 580 590 590

Angola 1,740 1,650 1,550 1,420 1,420 1,410 1,420 1,420 1,400 1,390 1,390 17 17 17

Libya 380 820 980 930 1,100 1,200 1,100 1,080 1,220 1,150 1,220 50 50 40

Nigeria 1,630 1,710 1,830 1,820 1,860 1,830 1,860 1,900 1,850 1,920 1,880 37 37 37

Total OPEC Africa 4,850 5,240 5,400 5,210 5,410 5,480 5,410 5,400 5,470 5,490 5,510 684 694 684

Other OPEC

Ecuador 540 530 520 520 530 530 530 530 540 540 530

Venezuela 2,270 1,950 1,400 1,070 910 830 910 770 720 710 670 200 190 150

Indonesia

------ --------

Total OPEC Other 2,810 2,480 1,920 1,590 1,440 1,360 1,440 1,300 1,260 1,250 1,200 200 190 150

Total Opec ex NGLs 32,220 32,200 32,090 30,740 30,270 30,320 30,270 29,880 29,770 29,780 28,270

OPEC NGLs 5,594 5,654 5,624 5,712 5,647 5,767 5,716 5,724 5,737 5,583 5,543 5,594 5,654 5,624

Total OPEC incl. NGLs 37,814 37,854 37,714 36,452 35,917 36,087 35,986 35,604 35,507 35,363 33,813

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

OPEC-12 OECD-30 Total WorldCIS/FSU Other