Level Chart

Basic Info

World Crude Oil Production is at a current level of 81.59M, up from 81.18M last month and up from 81.12M one year ago. This is a change of 0.50% from last month and 0.58% 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 81.59M
Latest Period Jul 2024
Last Updated Nov 26 2024, 14:04 EST
Next Release Dec 23 2024, 14:00 EST (E)
Average Growth Rate 0.94%
Value from Last Month 81.18M
Change from Last Month 0.50%
Value from 1 Year Ago 81.12M
Change from 1 Year Ago 0.58%
Frequency Monthly
Unit Barrels per Day
Adjustment N/A
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Historical Data

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Date Value
July 31, 2024 81.59M
June 30, 2024 81.18M
May 31, 2024 81.48M
April 30, 2024 82.19M
March 31, 2024 82.82M
February 29, 2024 82.37M
January 31, 2024 81.77M
December 31, 2023 83.08M
November 30, 2023 82.72M
October 31, 2023 81.89M
September 30, 2023 81.66M
August 31, 2023 80.80M
July 31, 2023 81.12M
June 30, 2023 81.87M
May 31, 2023 81.12M
April 30, 2023 81.95M
March 31, 2023 82.56M
February 28, 2023 82.68M
January 31, 2023 82.10M
December 31, 2022 81.88M
November 30, 2022 82.38M
October 31, 2022 82.05M
September 30, 2022 82.08M
August 31, 2022 81.58M
July 31, 2022 80.58M
Date Value
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
August 31, 2020 72.74M
July 31, 2020 71.62M
June 30, 2020 70.28M

Basic Info

World Crude Oil Production is at a current level of 81.59M, up from 81.18M last month and up from 81.12M one year ago. This is a change of 0.50% from last month and 0.58% 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 81.59M
Latest Period Jul 2024
Last Updated Nov 26 2024, 14:04 EST
Next Release Dec 23 2024, 14:00 EST (E)
Average Growth Rate 0.94%
Value from Last Month 81.18M
Change from Last Month 0.50%
Value from 1 Year Ago 81.12M
Change from 1 Year Ago 0.58%
Frequency Monthly
Unit Barrels per Day
Adjustment N/A
Download Source File Upgrade