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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 70.13M, down from 71.53M last month and down from 81.91M one year ago. This is a change of -1.96% from last month and -14.39% from one year ago.

Stats

Last Value 70.13M
Latest Period Jun 2020
Last Updated Sep 29 2020, 20:04 EDT
Average Growth Rate 0.69%
Value from 1 Year Ago 81.91M
Change from 1 Year Ago -14.39%
Frequency Monthly
Unit Barrels per Day
Adjustment N/A
Download Source File Download

Historical Data

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Date Value
June 30, 2020 70.13M
May 31, 2020 71.53M
April 30, 2020 82.92M
March 31, 2020 82.46M
February 29, 2020 82.44M
January 31, 2020 83.26M
December 31, 2019 83.63M
November 30, 2019 83.63M
October 31, 2019 82.66M
September 30, 2019 80.78M
August 31, 2019 82.47M
July 31, 2019 81.31M
June 30, 2019 81.91M
May 31, 2019 81.75M
April 30, 2019 82.35M
March 31, 2019 82.58M
February 28, 2019 82.62M
January 31, 2019 82.91M
December 31, 2018 84.27M
November 30, 2018 84.55M
October 31, 2018 84.38M
September 30, 2018 83.24M
August 31, 2018 83.23M
July 31, 2018 82.68M
June 30, 2018 82.24M
Date Value
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
November 30, 2016 82.63M
October 31, 2016 81.57M
September 30, 2016 80.43M
August 31, 2016 80.06M
July 31, 2016 80.61M
June 30, 2016 79.89M
May 31, 2016 79.19M

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 70.13M, down from 71.53M last month and down from 81.91M one year ago. This is a change of -1.96% from last month and -14.39% from one year ago.

Stats

Last Value 70.13M
Latest Period Jun 2020
Last Updated Sep 29 2020, 20:04 EDT
Average Growth Rate 0.69%
Value from 1 Year Ago 81.91M
Change from 1 Year Ago -14.39%
Frequency Monthly
Unit Barrels per Day
Adjustment N/A
Download Source File Download

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