Level Chart

Basic Info

World Crude Oil Production is at a current level of 82.22M, up from 81.67M last month and down from 82.53M one year ago. This is a change of 0.68% from last month and -0.37% from one year ago.

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.

Stats

Last Value 82.22M
Latest Period Feb 2024
Last Updated Jun 25 2024, 14:02 EDT
Next Release Jul 29 2024, 14:00 EDT (E)
Average Growth Rate 0.96%
Value from Last Month 81.67M
Change from Last Month 0.68%
Value from 1 Year Ago 82.53M
Change from 1 Year Ago -0.37%
Frequency Monthly
Unit Barrels per Day
Adjustment N/A
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Historical Data

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Date Value
February 29, 2024 82.22M
January 31, 2024 81.67M
December 31, 2023 82.88M
November 30, 2023 82.49M
October 31, 2023 81.73M
September 30, 2023 81.50M
August 31, 2023 80.64M
July 31, 2023 80.99M
June 30, 2023 81.74M
May 31, 2023 80.84M
April 30, 2023 81.83M
March 31, 2023 82.45M
February 28, 2023 82.53M
January 31, 2023 81.98M
December 31, 2022 81.80M
November 30, 2022 82.30M
October 31, 2022 82.01M
September 30, 2022 81.99M
August 31, 2022 81.46M
July 31, 2022 80.44M
June 30, 2022 79.44M
May 31, 2022 79.30M
April 30, 2022 79.80M
March 31, 2022 80.74M
February 28, 2022 80.69M
Date Value
January 31, 2022 79.86M
December 31, 2021 79.63M
November 30, 2021 80.01M
October 31, 2021 79.10M
September 30, 2021 77.80M
August 31, 2021 77.44M
July 31, 2021 77.83M
June 30, 2021 76.65M
May 31, 2021 76.02M
April 30, 2021 75.50M
March 31, 2021 76.05M
February 28, 2021 74.07M
January 31, 2021 76.11M
December 31, 2020 75.52M
November 30, 2020 75.01M
October 31, 2020 73.15M
September 30, 2020 72.63M
August 31, 2020 72.74M
July 31, 2020 71.62M
June 30, 2020 70.28M
May 31, 2020 71.38M
April 30, 2020 82.59M
March 31, 2020 82.32M
February 29, 2020 82.11M
January 31, 2020 83.02M

Basic Info

World Crude Oil Production is at a current level of 82.22M, up from 81.67M last month and down from 82.53M one year ago. This is a change of 0.68% from last month and -0.37% from one year ago.

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.

Stats

Last Value 82.22M
Latest Period Feb 2024
Last Updated Jun 25 2024, 14:02 EDT
Next Release Jul 29 2024, 14:00 EDT (E)
Average Growth Rate 0.96%
Value from Last Month 81.67M
Change from Last Month 0.68%
Value from 1 Year Ago 82.53M
Change from 1 Year Ago -0.37%
Frequency Monthly
Unit Barrels per Day
Adjustment N/A
Download Source File Upgrade