Crude Oil Production

• DOI: http://doi.org/10.1111/oet.3_12410
• Published date: 01 August 2017
• Date: 01 August 2017

OIL AND ENERGY TRENDS, AUGUST 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 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 13,155 15,956 89,310

Sep 38,050 21,652 13,962 16,039 89,703

Oct 38,442 22,165 13,648 15,913 90,167

Nov 38,786 22,564 14,067 15,994 91,411

Dec 38,591 22,220 14,064 16,031 90,906

2017 Jan 38,639 22,580 14,061 16,356 91,636

Feb 37,473 22,738 14,681 16,302 91,194

Mar 37,253 22,569 14,941 15,992 90,755

Apr 37,296 22,461 14,937 16,056 90,750

May 37,283 21,897 14,817 16,070 90,067

Jun 38,276 21,290 14,825 16,046 90,436

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 2017 2017 2017 2017 2017 2017 2014 2015 2016

Nov Dec Jan Feb Mar Apr May Jun

Middle East

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

Iraq 3,310 4,240 4,420 4,640 4,650 4,490 4,420 4,410 4,400 4,410 4,480 40 40 40

Kuwait 2,650 2,760 2,770 2,880 2,870 2,720 2,720 2,690 2,690 2,700 2,810 200 200 210

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

Qatar 710 650 640 640 640 630 620 610 610 310 570 1,210 1,220 1,290

Saudi Arabia 9,520 10,230 10,330 10,430 10,400 9,950 9,840 9,960 9,980 9,950 10,300 1,830 1,800 1,820

UAE 2,780 2,940 2,930 3,030 3,010 3,910 2,890 2,900 2,890 2,900 3,060 400 560 660

Total OPEC Mid East 22,150 24,060 24,560 25,300 25,260 25,420 24,250 24,340 24,340 24,040 24,990 4,210 4,350 4,580

Africa

Algeria 1,150 1,100 1,100 1,110 1,110 1,080 1,080 1,070 1,080 1,080 1,070 470 480 500

Angola 1,660 1,740 1,740 1,750 1,730 1,660 1,690 1,630 1,650 1,610 1,670 17 17 17

Libya 460 400 380 580 600 680 680 630 570 770 770 50 50 50

Nigeria 1,960 1,760 1,630 1,700 1,650 1,680 1,710 1,540 1,570 1,690 1,690 207 209 220

Total OPEC Africa 5,230 5,000 4,850 5,140 5,090 5,100 5,160 4,870 4,870 5,150 5,200 744 756 787

Other OPEC

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

Venezuela 2,360 2,320 2,270 2,160 2,130 2,080 2,020 2,030 2,000 1,990 1,990 210 210 200

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

Total OPEC Other 2,900 2,860 2,810 2,700 2,670 2,610 2,550 2,560 2,530 2,520 2,520 210 210 200

Total Opec ex NGLs 30,280 31,920 32,220 33,140 33,020 33,130 31,960 31,770 31,740 31,710 32,710

OPEC NGLs 5,164 5,316 5,567 5,646 5,571 5,509 5,513 5,483 5,556 5,573 5,566 5,164 5,316 5,567

Total OPEC incl. NGLs 35,444 37,236 37,787 38,786 38,591 38,639 37,473 37,253 37,296 37,283 38,276

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

OPEC-12 OECD-30 Total WorldCIS/FSU Other

86

87

88

89

90

91

92

million barrels per day

2015-2017

Total World Oil Production

35

36

36

37

37

38

38

39

39

million barrels per day

2015–2017

Total OPEC Oil Production