Report Update: May 1, 2024

World - Crude Oil and Processed Petroleum - Market Analysis, Forecast, Size, Trends And Insights

Single report

Sent by email within 24h (Mon-Fri)

$599 Basic Edition

$2095 Professional Edition

What's the difference?

Subscription

Online access and download

from $350/month

Get instant access to more than 2 million reports, dashboards, and datasets on the IndexBox Platform.

View Pricing

Crude Oil Production by Country by Year

Crude oil production is one of the key factors in determining a country's energy independence and economic strength. The production levels can vary significantly between countries, and understanding these trends is crucial for analyzing global energy markets. Here is an overview of crude oil production by country, presented by year:

2010

In 2010, Saudi Arabia topped the list of crude oil-producing countries, with a production volume of approximately 10,521 thousand barrels per day (Tb/d). It was followed by Russia, the United States, Iran, and China. Other significant producers included Canada, Mexico, United Arab Emirates, Kuwait, and Venezuela.

2011

In 2011, there were some changes in crude oil production rankings. Russia emerged as the leading producer with a production level of around 10,398 Tb/d. Saudi Arabia dropped to the second position, followed by the United States, Iran, and China. Notably, Iraq witnessed a significant increase in production, entering the top ten crude oil-producing countries alongside Canada, Mexico, and the United Arab Emirates.

2012

Crude oil production further changed in 2012, with the United States experiencing a significant boost due to advancements in drilling techniques like hydraulic fracturing. The U.S. became the leading producer with a production volume of about 11,065 Tb/d. Russia and Saudi Arabia maintained their positions in the top three, followed by China and Canada. Iran, Iraq, the United Arab Emirates, Mexico, and Kuwait also remained significant producers.

2013

2013 witnessed a slight decrease in crude oil production levels across several countries. The United States remained the top producer, followed by Saudi Arabia and Russia. China rose to the fourth position, overtaking Canada. Iran, Iraq, the United Arab Emirates, Kuwait, and Venezuela also maintained their ranks as major producers.

2014

By 2014, the United States continued to dominate crude oil production, reaching around 12,055 Tb/d. However, Saudi Arabia and Russia remained close contenders. China experienced a notable decline in production, dropping to the fifth position. Iraq witnessed a significant boost in production, surpassing Iran and Canada. Other significant producers included the United Arab Emirates, Kuwait, and Brazil.

2015

In 2015, the top three crude oil producers remained the same, with the United States leading, followed by Saudi Arabia and Russia. Iraq maintained its position as the fourth-largest producer, while China and Canada swapped positions. Iran experienced a surge in production levels, overtaking the United Arab Emirates to become the seventh-largest producer. Venezuela also climbed the rankings while Brazil dropped in production volume.

2016

The United States continued to hold the top position in crude oil production in 2016, followed by Saudi Arabia and Russia. Iraq, Iran, and China maintained their positions, while Canada surpassed the United Arab Emirates. Kuwait also witnessed an increase in production, pushing Brazil out of the top ten.

2017

In 2017, the United States remained at the pinnacle of crude oil production, with Saudi Arabia and Russia as close competitors. Iraq, Iran, China, and Canada maintained their positions, while the United Arab Emirates witnessed a slight decline. Kuwait, Venezuela, Nigeria, and Angola rounded out the top ten producers.

2018

Crude oil production in 2018 showed limited change in the rankings. The United States, Saudi Arabia, and Russia maintained their top positions in that order. Iraq, Iran, China, Canada, and the United Arab Emirates also retained their rankings. However, Kuwait dropped to the 11th position while Brazil reentered the top ten.

2019

The United States cemented its position as the leading producer of crude oil in 2019, followed by Saudi Arabia, Russia, Iraq, and Canada. Iran faced a decline in production, dropping to seventh place. China, the United Arab Emirates, Kuwait, and Brazil also held onto their production levels.

This report provides an in-depth analysis of the global market for crude oil and processed petroleum. Within it, you will discover the latest data on market trends and opportunities by country, consumption, production and price developments, as well as the global trade (imports and exports). The forecast exhibits the market prospects through 2030.

Product coverage:

Country coverage:

Worldwide - the report contains statistical data for 200 countries and includes detailed profiles of the 50 largest consuming countries:

+ the largest producing countries

Data coverage:

Global market volume and value
Per Capita consumption
Forecast of the market dynamics in the medium term
Global production, split by region and country
Global trade (exports and imports)
Export and import prices
Market trends, drivers and restraints
Key market players and their profiles

Reasons to buy this report:

Take advantage of the latest data
Find deeper insights into current market developments
Discover vital success factors affecting the market

This report is designed for manufacturers, distributors, importers, and wholesalers, as well as for investors, consultants and advisors.

In this report, you can find information that helps you to make informed decisions on the following issues:

How to diversify your business and benefit from new market opportunities
How to load your idle production capacity
How to boost your sales on overseas markets
How to increase your profit margins
How to make your supply chain more sustainable
How to reduce your production and supply chain costs
How to outsource production to other countries
How to prepare your business for global expansion

While doing this research, we combine the accumulated expertise of our analysts and the capabilities of artificial intelligence. The AI-based platform, developed by our data scientists, constitutes the key working tool for business analysts, empowering them to discover deep insights and ideas from the marketing data.

1. INTRODUCTION

Making Data-Driven Decisions to Grow Your Business
1. REPORT DESCRIPTION
2. RESEARCH METHODOLOGY AND AI PLATFORM
3. DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
4. GLOSSARY AND SPECIFIC TERMS
2. EXECUTIVE SUMMARY

A Quick Overview of Market Performance
1. KEY FINDINGS
2. MARKET TRENDS This Chapter is Available Only for the Professional Edition PRO
3. MARKET OVERVIEW

Understanding the Current State of The Market and Its Prospects
1. MARKET SIZE
2. CONSUMPTION BY COUNTRY
3. MARKET FORECAST TO 2030
4. MOST PROMISING PRODUCT

Finding New Products to Diversify Your Business
This Chapter is Available Only for the Professional Edition PRO
1. TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
2. BEST-SELLING PRODUCTS
3. MOST CONSUMED PRODUCT
4. MOST TRADED PRODUCT
5. MOST PROFITABLE PRODUCT FOR EXPORT
5. MOST PROMISING SUPPLYING COUNTRIES

Choosing the Best Countries to Establish Your Sustainable Supply Chain
This Chapter is Available Only for the Professional Edition PRO
1. TOP COUNTRIES TO SOURCE YOUR PRODUCT
2. TOP PRODUCING COUNTRIES
3. TOP EXPORTING COUNTRIES
4. LOW-COST EXPORTING COUNTRIES
6. MOST PROMISING OVERSEAS MARKETS

Choosing the Best Countries to Boost Your Exports
This Chapter is Available Only for the Professional Edition PRO
1. TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
2. TOP CONSUMING MARKETS
3. UNSATURATED MARKETS
4. TOP IMPORTING MARKETS
5. MOST PROFITABLE MARKETS
7. GLOBAL PRODUCTION

The Latest Trends and Insights into The Industry
1. PRODUCTION VOLUME AND VALUE
2. PRODUCTION BY COUNTRY
8. GLOBAL IMPORTS
The Largest Importers on The Market and How They Succeed
1. IMPORTS FROM 2012–2023
2. IMPORTS BY COUNTRY
3. IMPORT PRICES BY COUNTRY
9. GLOBAL EXPORTS
The Largest Exporters on The Market and How They Succeed
1. EXPORTS FROM 2012–2023
2. EXPORTS BY COUNTRY
3. EXPORT PRICES BY COUNTRY
10. PROFILES OF MAJOR PRODUCERS

The Largest Producers on The Market and Their Profiles
This Chapter is Available Only for the Professional Edition PRO
11. COUNTRY PROFILES

The Largest Markets And Their Profiles
This Chapter is Available Only for the Professional Edition PRO
- United States
- China
- Japan
- Germany
- United Kingdom
- France
- Brazil
- Italy
- Russian Federation
- India
- Canada
- Australia
- Republic of Korea
- Spain
- Mexico
- Indonesia
- Netherlands
- Turkey
- Saudi Arabia
- Switzerland
- Sweden
- Nigeria
- Poland
- Belgium
- Argentina
- Norway
- Austria
- Thailand
- United Arab Emirates
- Colombia
- Denmark
- South Africa
- Malaysia
- Israel
- Singapore
- Egypt
- Philippines
- Finland
- Chile
- Ireland
- Pakistan
- Greece
- Portugal
- Kazakhstan
- Algeria
- Czech Republic
- Qatar
- Peru
- Romania
- Vietnam
LIST OF TABLES
1. Key Findings In 2023
2. Market Volume, In Physical Terms, 2012–2023
3. Market Value, 2012–2023
4. Per Capita Consumption, By Country, 2018–2023
5. Production, In Physical Terms, By Country, 2012–2023
6. Imports, In Physical Terms, By Country, 2012–2023
7. Imports, In Value Terms, By Country, 2012–2023
8. Import Prices, By Country Of Destination, 2012–2023
9. Exports, In Physical Terms, By Country, 2012–2023
10. Exports, In Value Terms, By Country, 2012–2023
11. Export Prices, By Country Of Origin, 2012–2023
LIST OF FIGURES
1. Market Volume, In Physical Terms, 2012–2023
2. Market Value, 2012–2023
3. Consumption, By Country, 2023
4. Market Volume Forecast to 2030
5. Market Value Forecast to 2030
6. Products: Market Size And Growth, By Type
7. Products: Average Per Capita Consumption, By Type
8. Products: Exports And Growth, By Type
9. Products: Export Prices And Growth, By Type
10. Production Volume And Growth
11. Exports And Growth
12. Export Prices And Growth
13. Market Size And Growth
14. Per Capita Consumption
15. Imports And Growth
16. Import Prices
17. Production, In Physical Terms, 2012–2023
18. Production, In Value Terms, 2012–2023
19. Production, By Country, 2023
20. Production, In Physical Terms, By Country, 2012–2023
21. Imports, In Physical Terms, 2012–2023
22. Imports, In Value Terms, 2012–2023
23. Imports, In Physical Terms, By Country, 2023
24. Imports, In Physical Terms, By Country, 2012–2023
25. Imports, In Value Terms, By Country, 2012–2023
26. Import Prices, By Country, 2012–2023
27. Exports, In Physical Terms, 2012–2023
28. Exports, In Value Terms, 2012–2023
29. Exports, In Physical Terms, By Country, 2023
30. Exports, In Physical Terms, By Country, 2012–2023
31. Exports, In Value Terms, By Country, 2012–2023
32. Export Prices, 2012–2023