Basic Info

World Crude Oil Production is at a current level of 81.79M, up from 81.69M last month and up from 79.04M one year ago. This is a change of 0.12% from last month and 3.48% 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 81.79M
Latest Period Oct 2022
Last Updated Feb 23 2023, 14:02 EST
Next Release Mar 28 2023, 14:00 EDT (E)
Average Growth Rate 0.98%
Value from Last Month 81.69M
Change from Last Month 0.12%
Value from 1 Year Ago 79.04M
Change from 1 Year Ago 3.48%
Frequency Monthly
Unit Barrels per Day
Adjustment N/A
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Historical Data

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Date Value
October 31, 2022 81.79M
September 30, 2022 81.69M
August 31, 2022 81.36M
July 31, 2022 80.30M
June 30, 2022 79.31M
May 31, 2022 79.01M
April 30, 2022 79.56M
March 31, 2022 80.54M
February 28, 2022 80.64M
January 31, 2022 79.64M
December 31, 2021 79.56M
November 30, 2021 79.89M
October 31, 2021 79.04M
September 30, 2021 77.72M
August 31, 2021 77.38M
July 31, 2021 77.74M
June 30, 2021 76.61M
May 31, 2021 75.96M
April 30, 2021 75.49M
March 31, 2021 76.04M
February 28, 2021 74.05M
January 31, 2021 76.11M
December 31, 2020 75.52M
November 30, 2020 75.01M
October 31, 2020 73.15M
Date Value
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
April 30, 2020 82.59M
March 31, 2020 82.32M
February 29, 2020 82.11M
January 31, 2020 83.02M
December 31, 2019 83.32M
November 30, 2019 83.37M
October 31, 2019 82.47M
September 30, 2019 80.73M
August 31, 2019 82.40M
July 31, 2019 81.26M
June 30, 2019 81.93M
May 31, 2019 81.71M
April 30, 2019 82.30M
March 31, 2019 82.54M
February 28, 2019 82.61M
January 31, 2019 82.91M
December 31, 2018 84.23M
November 30, 2018 84.49M
October 31, 2018 84.33M
September 30, 2018 83.20M

Basic Info

World Crude Oil Production is at a current level of 81.79M, up from 81.69M last month and up from 79.04M one year ago. This is a change of 0.12% from last month and 3.48% 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 81.79M
Latest Period Oct 2022
Last Updated Feb 23 2023, 14:02 EST
Next Release Mar 28 2023, 14:00 EDT (E)
Average Growth Rate 0.98%
Value from Last Month 81.69M
Change from Last Month 0.12%
Value from 1 Year Ago 79.04M
Change from 1 Year Ago 3.48%
Frequency Monthly
Unit Barrels per Day
Adjustment N/A
Download Source File Upgrade