Oil production in Latin America and the Caribbean has been continually decreasing for over half a decade, dipping to around 9.4 million barrels per day in 2023. This represented a drop of nearly 11.1 percent in comparison to the peak output of the decade registered in 2015. Brazil is the largest oil producer in Latin America, accounting for around 37 percent of the region's output that year.
Oil production in Latin America and the Caribbean from 2009 to 2023
(in million barrels per day)
This report was previously published by BP.
Figures include crude oil, shale oil, oil sands, condensates and NGLs. Liquid fuels from other sources such as biofuels and synthetic derivatives of coal and natural gas are excluded, as well as oil shales/kerogen extracted in solid form.
This statistic was compiled using several releases of the publication.
Figures were calculated by Statista based on the production values for Mexico and Central and South America, provided by the source.
Figures were restated based on the latest report.
Figures have been rounded.
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Kearney, & Energy Institute. (June 20, 2024). Oil production in Latin America and the Caribbean from 2009 to 2023 (in million barrels per day) [Graph]. In Statista. Retrieved December 21, 2024, from https://www.statista.com/statistics/265202/oil-production-in-central-and-south-america-in-barrels-per-day/
Kearney, und Energy Institute. "Oil production in Latin America and the Caribbean from 2009 to 2023 (in million barrels per day)." Chart. June 20, 2024. Statista. Accessed December 21, 2024. https://www.statista.com/statistics/265202/oil-production-in-central-and-south-america-in-barrels-per-day/
Kearney, Energy Institute. (2024). Oil production in Latin America and the Caribbean from 2009 to 2023 (in million barrels per day). Statista. Statista Inc.. Accessed: December 21, 2024. https://www.statista.com/statistics/265202/oil-production-in-central-and-south-america-in-barrels-per-day/
Kearney, and Energy Institute. "Oil Production in Latin America and The Caribbean from 2009 to 2023 (in Million Barrels per Day)." Statista, Statista Inc., 20 Jun 2024, https://www.statista.com/statistics/265202/oil-production-in-central-and-south-america-in-barrels-per-day/
Kearney & Energy Institute, Oil production in Latin America and the Caribbean from 2009 to 2023 (in million barrels per day) Statista, https://www.statista.com/statistics/265202/oil-production-in-central-and-south-america-in-barrels-per-day/ (last visited December 21, 2024)
Oil production in Latin America and the Caribbean from 2009 to 2023 (in million barrels per day) [Graph], Kearney, & Energy Institute, June 20, 2024. [Online]. Available: https://www.statista.com/statistics/265202/oil-production-in-central-and-south-america-in-barrels-per-day/
