Level Chart

Basic Info

The World Crude Oil Production measures the number of barrels of crude oil that are produced per day in the world. Production has steadily increased over time, except in the 80s when production was lessened worldwide. This metric has been indicative to crude oil spot prices. An example of this is in 1990 when production steeply declined, leading to the WTI Crude Oil and Brent Crude Oil Spot prices to abrubtly increase.

World Crude Oil Production is at a current level of 80.52M, down from 80.62M last month and up from 75.83M one year ago. This is a change of -0.13% from last month and 6.18% from one year ago.

Stats

Last Value 80.52M
Latest Period Mar 2022
Last Updated Jul 26 2022, 14:01 EDT
Average Growth Rate 0.95%
Value from Last Month 80.62M
Change from Last Month -0.13%
Value from 1 Year Ago 75.83M
Change from 1 Year Ago 6.18%
Frequency Monthly
Unit Barrels per Day
Adjustment N/A
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Historical Data

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Date Value
March 31, 2022 80.52M
February 28, 2022 80.62M
January 31, 2022 79.64M
December 31, 2021 79.51M
November 30, 2021 79.81M
October 31, 2021 78.95M
September 30, 2021 77.60M
August 31, 2021 77.26M
July 31, 2021 77.67M
June 30, 2021 76.49M
May 31, 2021 75.89M
April 30, 2021 75.37M
March 31, 2021 75.83M
February 28, 2021 73.85M
January 31, 2021 76.00M
December 31, 2020 75.53M
November 30, 2020 75.02M
October 31, 2020 73.15M
September 30, 2020 72.64M
August 31, 2020 72.74M
July 31, 2020 71.63M
June 30, 2020 70.29M
May 31, 2020 71.39M
April 30, 2020 82.60M
March 31, 2020 82.32M
Date Value
February 29, 2020 82.11M
January 31, 2020 83.02M
December 31, 2019 83.32M
November 30, 2019 83.37M
October 31, 2019 82.47M
September 30, 2019 80.73M
August 31, 2019 82.40M
July 31, 2019 81.26M
June 30, 2019 81.93M
May 31, 2019 81.71M
April 30, 2019 82.30M
March 31, 2019 82.54M
February 28, 2019 82.61M
January 31, 2019 82.91M
December 31, 2018 84.23M
November 30, 2018 84.49M
October 31, 2018 84.33M
September 30, 2018 83.20M
August 31, 2018 83.21M
July 31, 2018 82.67M
June 30, 2018 82.24M
May 31, 2018 81.59M
April 30, 2018 81.86M
March 31, 2018 82.21M
February 28, 2018 82.40M

Basic Info

The World Crude Oil Production measures the number of barrels of crude oil that are produced per day in the world. Production has steadily increased over time, except in the 80s when production was lessened worldwide. This metric has been indicative to crude oil spot prices. An example of this is in 1990 when production steeply declined, leading to the WTI Crude Oil and Brent Crude Oil Spot prices to abrubtly increase.

World Crude Oil Production is at a current level of 80.52M, down from 80.62M last month and up from 75.83M one year ago. This is a change of -0.13% from last month and 6.18% from one year ago.

Stats

Last Value 80.52M
Latest Period Mar 2022
Last Updated Jul 26 2022, 14:01 EDT
Average Growth Rate 0.95%
Value from Last Month 80.62M
Change from Last Month -0.13%
Value from 1 Year Ago 75.83M
Change from 1 Year Ago 6.18%
Frequency Monthly
Unit Barrels per Day
Adjustment N/A
Download Source File Download