Crude Oil Production

• Date: 01 May 2018
• Published date: 01 May 2018
• DOI: http://doi.org/10.1111/oet.3_12507

OIL AND ENERGY TRENDS, MAY 2018 OIL PRODUCTION 25

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

2013 35,441 19,764 13,961 15,955 85,121

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

2015 36,118 22,411 13,720 16,223 88,473

2016 37,844 22,162 13,776 15,986 89,767

2017 37,885 22,724 14,777 16,335 91,722

2016 Jan 37,625 22,713 13,763 15,960 90,061

Feb 37,266 22,510 14,023 15,967 89,766

Mar 37,089 22,657 14,207 15,881 89,834

Apr 37,513 22,283 13,678 15,768 89,242

May 37,323 21,088 13,615 15,934 87,959

Jun 37,607 21,353 13,605 16,059 88,623

Jul 37,754 22,415 13,752 16,040 89,961

Aug 37,895 22,328 13,133 15,987 89,342

Sep 38,078 21,652 13,910 16,062 89,702

Oct 38,493 22,165 13,596 15,941 90,194

Nov 38,825 22,564 14,015 16,005 91,409

Dec 38,662 22,220 14,012 16,088 90,982

2017 Jan 39,031 22,580 14,009 16,390 92,010

Feb 37,838 22,888 14,629 16,330 91,685

Mar 37,617 22,581 14,889 16,020 91,107

Apr 37,629 22,473 15,025 16,092 91,219

May 37,471 21,970 14,981 16,304 90,726

Jun 37,675 22,248 14,926 16,307 91,155

Jul 38,118 23,015 14,722 16,385 92,240

Aug 37,877 23,072 14,603 16,356 91,908

Sep 38,017 22,622 14,796 16,330 91,765

Oct 37,897 22,849 14,831 16,460 92,036

Nov 37,683 23,380 14,899 16,505 92,467

Dec 37,766 23,019 15,020 16,545 92,350

2018 Jan 37,774 24,109 15,052 16,273 93,207

Feb 37,584 24,601 15,056 16,063 93,304

Mar 37,380 23,418 15,096 15,874 91,768

Table 4.2 OPEC Crude Oil Production

OPEC Crude Oil Production Estimated OPEC NGL

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

2015 2016 2017 2017 2017 2017 2017 2017 2018 2018 2018 2015 2016 2017

Aug Sep Oct Nov Dec Jan Feb Mar

Middle East

Iran 3,420 3,430 3,790 3,810 3,830 3,810 3,830 3,840 3,830 3,840 3,840 690 730 730

Iraq 4,290 4,420 4,430 4,470 4,490 4,390 4,360 4,410 4,450 4,400 4,380 30 30 30

Kuwait 2,695 2,785 2,710 2,710 2,720 2,720 2,730 2,730 2,720 2,720 2,710 200 210 210

Neutral Zone 9010 ---- --------

Qatar 630 640 610 600 600 600 610 610 610 600 600 1,200 1,270 1,270

Saudi Arabia 10,065 10,345 9,960 9,980 9,970 10,010 9,950 9,910 9,980 10,010 9,920 1,800 1,820 1,860

UAE 2,920 2,930 2,980 2,910 2,900 2,890 2,870 2,870 2,850 2,800 2,840 560 650 670

Total OPEC Mid East 24,110 24,560 24,480 24,480 24,510 24,420 24,350 24,370 24,440 24,370 24,290 4,480 4,710 4,770

Africa

Algeria 1,080 1,100 1,060 1,070 1,060 1,010 1,000 1,040 1,040 1,040 1,000 550 580 590

Angola 1,700 1,740 1,650 1,660 1,630 1,700 1,630 1,680 1,660 1,630 1,600 17 17 17

Libya 580 380 820 790 920 1,000 1,000 980 1,001 1,060 980 50 50 60

Nigeria 1,750 1,630 1,710 1,800 1,810 1,710 1,690 1,760 1,810 1,840 1,880 35 37 37

Total OPEC Africa 5,110 4,850 5,240 5,320 5,420 5,420 5,320 5,460 5,511 5,570 5,460 652 684 704

Other OPEC

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

Venezuela 2,150 2,270 1,950 1,940 1,900 1,850 1,830 1,780 1,630 1,590 1,530 190 190 190

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

Total OPEC Other 2,690 2,810 2,480 2,470 2,430 2,380 2,360 2,310 2,150 2,110 2,050 190 190 190

Total Opec ex NGLs 31,910 32,220 32,200 32,270 32,360 32,220 32,030 32,140 32,101 32,050 31,800

OPEC NGLs 5,342 5,594 5,664 5,607 5,657 5,677 5,653 5,626 5,673 5,534 5,580 5,342 5,594 5,664

Total OPEC incl. NGLs 37,252 37,814 37,864 37,877 38,017 37,897 37,683 37,766 37,774 37,584 37,380

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

OPEC-12 OECD-30 Total WorldCIS/FSU Other