Level Chart

Basic Info

World Crude Oil Production is at a current level of 81.54M, up from 80.61M last month and down from 82.00M one year ago. This is a change of 1.15% from last month and -0.56% 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 81.54M
Latest Period Sep 2023
Last Updated Jan 29 2024, 14:04 EST
Next Release Feb 27 2024, 14:00 EST (E)
Average Growth Rate 0.95%
Value from Last Month 80.61M
Change from Last Month 1.15%
Value from 1 Year Ago 82.00M
Change from 1 Year Ago -0.56%
Frequency Monthly
Unit Barrels per Day
Adjustment N/A
Download Source File Upgrade

Historical Data

View and export this data back to 1973. Upgrade now.
Date Value
September 30, 2023 81.54M
August 31, 2023 80.61M
July 31, 2023 81.01M
June 30, 2023 81.76M
May 31, 2023 80.85M
April 30, 2023 81.84M
March 31, 2023 82.46M
February 28, 2023 82.54M
January 31, 2023 81.99M
December 31, 2022 81.82M
November 30, 2022 82.32M
October 31, 2022 82.03M
September 30, 2022 82.00M
August 31, 2022 81.47M
July 31, 2022 80.45M
June 30, 2022 79.45M
May 31, 2022 79.31M
April 30, 2022 79.82M
March 31, 2022 80.76M
February 28, 2022 80.70M
January 31, 2022 79.87M
December 31, 2021 79.64M
November 30, 2021 80.02M
October 31, 2021 79.10M
September 30, 2021 77.80M
Date Value
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
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

Basic Info

World Crude Oil Production is at a current level of 81.54M, up from 80.61M last month and down from 82.00M one year ago. This is a change of 1.15% from last month and -0.56% 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 81.54M
Latest Period Sep 2023
Last Updated Jan 29 2024, 14:04 EST
Next Release Feb 27 2024, 14:00 EST (E)
Average Growth Rate 0.95%
Value from Last Month 80.61M
Change from Last Month 1.15%
Value from 1 Year Ago 82.00M
Change from 1 Year Ago -0.56%
Frequency Monthly
Unit Barrels per Day
Adjustment N/A
Download Source File Upgrade