Level Chart

Created with Highcharts 11.1.0May '24Jul '24Sep '2482.50M81.74M

Basic Info

World Crude Oil Production is at a current level of 81.74M, up from 80.81M last month and down from 82.01M one year ago. This is a change of 1.15% from last month and -0.33% 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 81.74M
Latest Period Oct 2024
Last Updated Feb 25 2025, 14:01 EST
Next Release Mar 26 2025, 14:00 EDT (E)
Average Growth Rate 0.94%
Value from Last Month 80.81M
Change from Last Month 1.15%
Value from 1 Year Ago 82.01M
Change from 1 Year Ago -0.33%
Frequency Monthly
Unit Barrels per Day
Adjustment N/A
Download Source File Upgrade

Historical Data

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Date Value
October 31, 2024 81.74M
September 30, 2024 80.81M
August 31, 2024 81.81M
July 31, 2024 81.68M
June 30, 2024 81.29M
May 31, 2024 81.60M
April 30, 2024 82.31M
March 31, 2024 82.85M
February 29, 2024 82.35M
January 31, 2024 81.69M
December 31, 2023 83.06M
November 30, 2023 82.77M
October 31, 2023 82.01M
September 30, 2023 81.77M
August 31, 2023 80.86M
July 31, 2023 81.19M
June 30, 2023 81.96M
May 31, 2023 81.22M
April 30, 2023 82.04M
March 31, 2023 82.57M
February 28, 2023 82.65M
January 31, 2023 81.97M
December 31, 2022 81.80M
November 30, 2022 82.38M
October 31, 2022 82.11M
Date Value
September 30, 2022 82.13M
August 31, 2022 81.58M
July 31, 2022 80.58M
June 30, 2022 79.51M
May 31, 2022 79.29M
April 30, 2022 79.80M
March 31, 2022 80.73M
February 28, 2022 80.69M
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

Basic Info

World Crude Oil Production is at a current level of 81.74M, up from 80.81M last month and down from 82.01M one year ago. This is a change of 1.15% from last month and -0.33% 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 81.74M
Latest Period Oct 2024
Last Updated Feb 25 2025, 14:01 EST
Next Release Mar 26 2025, 14:00 EDT (E)
Average Growth Rate 0.94%
Value from Last Month 80.81M
Change from Last Month 1.15%
Value from 1 Year Ago 82.01M
Change from 1 Year Ago -0.33%
Frequency Monthly
Unit Barrels per Day
Adjustment N/A
Download Source File Upgrade
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