The United States accounts for 20.1 percent of global crude oil production, making it the largest oil producing country in the world. Crude oil production includes crude oil, shale oil, oil sand and NGLs (natural gas liquids: liquid content of natural gas in which the condensate is recovered separately). It excludes liquid fuels from other sources such as biomass and coal derivatives.
Global crude oil supply
Apart from the United States, Saudi Arabia and Russia are among the world’s largest producers of crude oil, each accounting for a share around 12 percent. Saudi Arabia's oil production has amounted to roughly 11 million barrels of oil per day for the past few years. Unsurprisingly, these countries are also some of the world’s largest oil consumers. Saudi Arabia consumes around 3.5 million barrels per day, while the U.S. uses about 17 million barrels.
U.S. oil trade
In the past, the U.S. relied heavily on oil imports from OPEC member countries like Saudi Arabia. However, due to an increase in domestic production output following technological advances, U.S. crude oil imports decreased by over one third since 2005. Conversely, U.S. petroleum exports skyrocketed, reaching 10.15 million barrels per day in 2023.
Distribution of crude oil production worldwide in 2023, by leading country
This report was previously published by BP.
On a production basis of thousand barrels per day.
Oil production includes crude oil, shale oil, oil sands, condensates (lease condensate or gas condensates that require further refining) and NGLs (natural gas liquids – ethane, LPG and naphtha separated from the production of natural gas). Excludes liquid fuels from other sources such as biofuels and synthetic derivatives of coal and natural gas. This also excludes liquid fuel adjustment factors such as refinery processing gain, as well as oil shales/kerogen extracted in solid form.
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Energy Institute. (June 20, 2024). Distribution of crude oil production worldwide in 2023, by leading country [Graph]. In Statista. Retrieved November 23, 2024, from https://www.statista.com/statistics/236605/share-of-global-crude-oil-production-of-the-top-15-oil-producing-countries/
Energy Institute. "Distribution of crude oil production worldwide in 2023, by leading country." Chart. June 20, 2024. Statista. Accessed November 23, 2024. https://www.statista.com/statistics/236605/share-of-global-crude-oil-production-of-the-top-15-oil-producing-countries/
Energy Institute. (2024). Distribution of crude oil production worldwide in 2023, by leading country. Statista. Statista Inc.. Accessed: November 23, 2024. https://www.statista.com/statistics/236605/share-of-global-crude-oil-production-of-the-top-15-oil-producing-countries/
Energy Institute. "Distribution of Crude Oil Production Worldwide in 2023, by Leading Country." Statista, Statista Inc., 20 Jun 2024, https://www.statista.com/statistics/236605/share-of-global-crude-oil-production-of-the-top-15-oil-producing-countries/
Energy Institute, Distribution of crude oil production worldwide in 2023, by leading country Statista, https://www.statista.com/statistics/236605/share-of-global-crude-oil-production-of-the-top-15-oil-producing-countries/ (last visited November 23, 2024)
Distribution of crude oil production worldwide in 2023, by leading country [Graph], Energy Institute, June 20, 2024. [Online]. Available: https://www.statista.com/statistics/236605/share-of-global-crude-oil-production-of-the-top-15-oil-producing-countries/