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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 72.61M, up from 71.57M last month and down from 82.41M one year ago. This is a change of 1.45% from last month and -11.90% from one year ago.

Stats

Last Value 72.61M
Latest Period Aug 2020
Last Updated Nov 25 2020, 10:08 EST
Average Growth Rate 0.77%
Value from 1 Year Ago 82.41M
Change from 1 Year Ago -11.90%
Frequency Monthly
Unit Barrels per Day
Adjustment N/A
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Historical Data

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Date Value
August 31, 2020 72.61M
July 31, 2020 71.57M
June 30, 2020 70.42M
May 31, 2020 71.48M
April 30, 2020 82.86M
March 31, 2020 82.42M
February 29, 2020 82.41M
January 31, 2020 83.23M
December 31, 2019 83.58M
November 30, 2019 83.58M
October 31, 2019 82.60M
September 30, 2019 80.73M
August 31, 2019 82.41M
July 31, 2019 81.28M
June 30, 2019 81.88M
May 31, 2019 81.72M
April 30, 2019 82.32M
March 31, 2019 82.56M
February 28, 2019 82.60M
January 31, 2019 82.88M
December 31, 2018 84.23M
November 30, 2018 84.50M
October 31, 2018 84.33M
September 30, 2018 83.21M
August 31, 2018 83.21M
Date Value
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
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

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 72.61M, up from 71.57M last month and down from 82.41M one year ago. This is a change of 1.45% from last month and -11.90% from one year ago.

Stats

Last Value 72.61M
Latest Period Aug 2020
Last Updated Nov 25 2020, 10:08 EST
Average Growth Rate 0.77%
Value from 1 Year Ago 82.41M
Change from 1 Year Ago -11.90%
Frequency Monthly
Unit Barrels per Day
Adjustment N/A
Download Source File Download

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