list of countries by oil production

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{{Use American English|date=September 2022}}

{{Use dmy dates|date=September 2022}}

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This is a list of countries by oil production (i.e., petroleum production), as compiled from the U.S. Energy Information Administration database for calendar year 2023, tabulating all countries on a comparable best-estimate basis.

Compared with shorter-term data, the full-year figures are less prone to distortion from periodic maintenance shutdowns and other seasonal cycles.

The volumes in the table represent crude oil and lease condensate, the hydrocarbon liquids collected at or near the wellhead. The volumes in this table does not include biofuel, refinery gain (the increase in liquid volumes during oil refining), or liquids separated from natural gas in gas processing plants (natural gas liquids).{{cite web |title=Crude Oil including Lease Condensate Monthly |url=https://www.eia.gov/international/data/world/petroleum-and-other-liquids/annual-petroleum-and-other-liquids-production?pd=5&p=00000000000000000000000000000000002&u=0&f=M&v=mapbubble&a=-&i=none&vo=value&vb=173&t=C&g=00000000000000000000000000000000000000000000000001&l=249-ruvvvvvfvtvnvv1vrvvvvfvvvvvvfvvvou20evvvvvvvvvvnvvvs0008&s=1701388800000&e=1701388800000&ev=true |archive-url= |archive-date= |access-date=3 April 2024 |website= |publisher=U.S. Energy Information Administration (EIA)}} Production data including these other liquids is usually referred to as "Total Liquids Production", "Petroleum & Other Liquids", etc.{{cite web | title= Petroleum & Other Liquids | url=https://www.eia.gov/petroleum/data.php | publisher=US Energy Information Administration}}

Under this definition (crude and condensate), total world oil production in 2023 averaged 81,804,000 barrels per day. Approximately 72% of world oil production came from the top ten countries, and an overlapping 35% came from the twelve OPEC members. Members of OPEC+, which includes OPEC members produce about 60% of the world's petroleum.

supply and demand

In addition to being top 5 in oil production, the United States and Russia are also top 5 in oil exports, natural gas production and natural gas exports.

2023 marked the sixth straight year that the United States led the world in oil production;{{Cite web |date=5 March 2021 |title=US leads global oil production for sixth straight year- EIA |url=https://www.reuters.com/markets/commodities/us-leads-global-oil-production-sixth-straight-year-eia-2024-03-11/#:~:text=March%2011%20(Reuters)%20%2D%20U.S.,in%20a%20release%20on%20Monday. |access-date=16 April 2024 |website=Reuters}} shale oil fracking has dramatically increased the country's oil output since 2010. The United States also became a net petroleum exporter in 2020, for the first time since at least 1949.{{cite news |title=Oil and petroleum products explained |url=https://www.eia.gov/energyexplained/oil-and-petroleum-products/imports-and-exports.php |publisher=Energy Information Administration |date=October 2, 2023}} U.S. crude oil exports reached a record high in the first half of 2023.{{cite news |title=U.S. crude oil exports reached a record high in first half of 2023 |url=https://www.eia.gov/todayinenergy/detail.php?id=60622 |publisher=Energy Information Administration |date=October 10, 2023}} U.S. oil production reached a record high in October 2023.{{cite news |last1=Borenstein |first1=Seth |title=US oil production hits all-time high, conflicting with efforts to cut heat-trapping pollution |url=https://apnews.com/article/oil-fossil-fuels-climate-change-biden-df27160fc81f28d21fbf1fc5575b77bc |work=Associated Press News |date=October 20, 2023}}