Oil production

World oil production growth in 2015 significantly exceeded the growth in oil consumption for a second consecutive year.

Production grew by 2.8 million b/d, led by increases in the Middle East (+1.5 million b/d) and North America (+0.9 million b/d). Production in Iraq (+750,000 b/d) and Saudi Arabia (+510,000 b/d) rose to record levels, driving an increase in OPEC production of 1.6 million b/d to 38.2 million b/d, exceeding the previous record reached in 2012. Production outside OPEC slowed from last year’s record growth but still grew by 1.3 million b/d. The US (+1 million b/d) accounted for all of the net growth of production outside OPEC, and remained the world’s largest oil producer.

Oil production by region (million barrels daily)

Methodology

Oil production data includes crude oil, tight oil, oil sands and NGLs (the liquid content of natural gas where this is recovered separately). The data excludes liquid fuels from other sources such as biomass and derivatives of coal and natural gas.

World oil production tables are available in both thousand barrels daily and million tonnes.

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