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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 76.30M, up from 75.73M last month and down from 83.21M one year ago. This is a change of 0.75% from last month and -8.30% from one year ago.

Stats

Last Value 76.30M
Latest Period Jan 2021
Last Updated Apr 30 2021, 12:02 EDT
Average Growth Rate 0.86%
Value from 1 Year Ago 83.21M
Change from 1 Year Ago -8.30%
Frequency Monthly
Unit Barrels per Day
Adjustment N/A
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Historical Data

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Date Value
January 31, 2021 76.30M
December 31, 2020 75.73M
November 30, 2020 75.16M
October 31, 2020 73.21M
September 30, 2020 72.75M
August 31, 2020 72.78M
July 31, 2020 71.64M
June 30, 2020 70.35M
May 31, 2020 71.51M
April 30, 2020 82.89M
March 31, 2020 82.49M
February 29, 2020 82.32M
January 31, 2020 83.21M
December 31, 2019 83.60M
November 30, 2019 83.61M
October 31, 2019 82.63M
September 30, 2019 80.76M
August 31, 2019 82.42M
July 31, 2019 81.29M
June 30, 2019 81.94M
May 31, 2019 81.72M
April 30, 2019 82.32M
March 31, 2019 82.54M
February 28, 2019 82.61M
January 31, 2019 82.91M
Date Value
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
January 31, 2018 82.24M
December 31, 2017 81.74M
November 30, 2017 82.01M
October 31, 2017 81.34M
September 30, 2017 81.19M
August 31, 2017 80.98M
July 31, 2017 81.59M
June 30, 2017 81.08M
May 31, 2017 80.53M
April 30, 2017 79.93M
March 31, 2017 80.35M
February 28, 2017 81.16M
January 31, 2017 81.17M
December 31, 2016 82.09M

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 76.30M, up from 75.73M last month and down from 83.21M one year ago. This is a change of 0.75% from last month and -8.30% from one year ago.

Stats

Last Value 76.30M
Latest Period Jan 2021
Last Updated Apr 30 2021, 12:02 EDT
Average Growth Rate 0.86%
Value from 1 Year Ago 83.21M
Change from 1 Year Ago -8.30%
Frequency Monthly
Unit Barrels per Day
Adjustment N/A
Download Source File Download