Level Chart

Basic Info

World Crude Oil Production is at a current level of 81.10M, down from 81.40M last month and down from 81.84M one year ago. This is a change of -0.37% from last month and -0.89% 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 81.10M
Latest Period Jun 2024
Last Updated Oct 28 2024, 14:02 EDT
Next Release Nov 26 2024, 14:00 EST (E)
Average Growth Rate 0.93%
Value from Last Month 81.40M
Change from Last Month -0.37%
Value from 1 Year Ago 81.84M
Change from 1 Year Ago -0.89%
Frequency Monthly
Unit Barrels per Day
Adjustment N/A
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Historical Data

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Date Value
June 30, 2024 81.10M
May 31, 2024 81.40M
April 30, 2024 82.10M
March 31, 2024 82.79M
February 29, 2024 82.35M
January 31, 2024 81.71M
December 31, 2023 83.04M
November 30, 2023 82.68M
October 31, 2023 81.85M
September 30, 2023 81.62M
August 31, 2023 80.76M
July 31, 2023 81.09M
June 30, 2023 81.84M
May 31, 2023 81.08M
April 30, 2023 81.91M
March 31, 2023 82.53M
February 28, 2023 82.65M
January 31, 2023 82.07M
December 31, 2022 81.85M
November 30, 2022 82.35M
October 31, 2022 82.02M
September 30, 2022 82.05M
August 31, 2022 81.55M
July 31, 2022 80.55M
June 30, 2022 79.51M
Date Value
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
May 31, 2020 71.38M

Basic Info

World Crude Oil Production is at a current level of 81.10M, down from 81.40M last month and down from 81.84M one year ago. This is a change of -0.37% from last month and -0.89% 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 81.10M
Latest Period Jun 2024
Last Updated Oct 28 2024, 14:02 EDT
Next Release Nov 26 2024, 14:00 EST (E)
Average Growth Rate 0.93%
Value from Last Month 81.40M
Change from Last Month -0.37%
Value from 1 Year Ago 81.84M
Change from 1 Year Ago -0.89%
Frequency Monthly
Unit Barrels per Day
Adjustment N/A
Download Source File Upgrade