Crude Oil Production

• Published date: 01 October 2017
• Date: 01 October 2017
• DOI: http://doi.org/10.1111/oet.3_12414

OIL AND ENERGY TRENDS, OCTOBER 2017 OIL PRODUCTION 19

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 Jun 37,394 22,155 13,953 16,335 89,837

Jul 37,369 22,806 13,805 16,250 90,230

Aug 37,221 22,469 13,792 16,310 89,792

Sep 37,305 21,897 13,741 16,267 89,211

Oct 37,244 22,195 13,583 15,953 88,975

Nov 37,222 22,373 13,897 16,134 89,625

Dec 37,309 22,368 13,771 16,202 89,650

2016 Jan 37,625 22,713 13,763 16,020 90,121

Feb 37,266 22,510 14,023 15,969 89,768

Ma

r

37,089 22,657 14,207 15,925 89,878

Ap

r

37,513 22,283 13,678 15,797 89,270

May 37,323 21,088 13,615 15,966 87,992

Jun 37,607 21,353 13,605 16,095 88,660

Jul 37,754 22,415 13,752 16,056 89,977

Aug 37,895 22,328 13,133 16,020 89,375

Sep 38,078 21,652 13,910 16,093 89,733

Oct 38,493 22,165 13,596 15,967 90,220

Nov 38,825 22,564 14,015 16,048 91,452

Dec 38,662 22,220 14,012 16,097 90,991

2017 Jan 38,700 22,580 14,009 16,420 91,709

Feb 37,540 22,888 14,629 16,356 91,413

Ma

r

37,331 22,581 14,889 16,056 90,857

Ap

r

37,374 22,473 15,023 16,114 90,985

May 37,667 21,918 14,976 16,312 90,873

Jun 37,912 22,278 14,773 16,320 91,282

Jul 38,142 23,222 14,816 16,482 92,662

Aug 38,038 22,565 14,368 16,632 91,603

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 2017 2017 2017 2017 2017 2017 2017 2017 2014 2015 2016

Jan Feb Mar

A

pr May Jun Jul

A

ug

Middle East

Iran 2,800 3,200 3,430 3,720 3,760 3,770 3,770 3,770 3,790 3,800 3,810 530 530 560

Iraq 3,310 4,240 4,420 4,490 4,420 4,410 4,400 4,410 4,440 4,470 4,470 40 40 40

Kuwait 2,650 2,760 2,770 2,720 2,720 2,690 2,690 2,700 2,700 2,710 2,710 200 200 210

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

Qata

r

710 650 640 630 620 610 610 610 600 600 600 1,210 1,220 1,290

Saudi Arabia 9,520 10,230 10,330 9,950 9,840 9,960 9,980 9,950 9,960 10,030 9,980 1,830 1,800 1,820

UAE 2,780 2,940 2,930 3,910 2,890 2,900 2,890 2,900 2,890 2,900 2,910 400 560 660

Total OPEC Mid East 22,150 24,060 24,560 25,420 24,250 24,340 24,340 24,340 24,380 24,510 24,480 4,210 4,350 4,580

Africa

Algeria 1,150 1,100 1,100 1,080 1,080 1,070 1,080 1,080 1,080 1,070 1,070 470 480 500

Angola 1,660 1,740 1,740 1,660 1,690 1,630 1,650 1,610 1,650 1,650 1,660 17 17 17

Libya 460 400 380 680 680 630 570 770 850 1,020 790 50 50 50

Nigeria 1,960 1,760 1,630 1,680 1,710 1,540 1,570 1,690 1,820 1,780 1,800 207 209 220

Total OPEC Africa 5,230 5,000 4,850 5,100 5,160 4,870 4,870 5,150 5,400 5,520 5,320 744 756 787

Other OPEC

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

Venezuela 2,360 2,320 2,270 2,080 2,020 2,030 2,000 1,990 1,970 1,960 1,940 210 210 200

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

Total OPEC Other 2,900 2,860 2,810 2,610 2,550 2,560 2,530 2,520 2,500 2,490 2,470 210 210 200

Total Opec ex NGLs 30,280 31,920 32,220 33,130 31,960 31,770 31,740 32,010 32,280 32,520 32,270

OPEC NGLs 5,164 5,316 5,567 5,570 5,580 5,561 5,634 5,657 5,632 5,622 5,768 5,164 5,316 5,567

Total OPEC incl. NGLs 35,444 37,236 37,787 38,700 37,540 37,331 37,374 37,667 37,912 38,142 38,038

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

94

million barrels per day

2015-2017

Total World Oil Production

36

37

37

38

38

39

39

million barrels per day

2015–2017

Total OPEC Oil Production