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  1. 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.

    Country
    Continent
    Crude Oil Production December 2023 (bbl ...
    13,308,000
    Russia (OPEC+)
    Europe / Asia
    10,272,000
    Saudi Arabia (OPEC)
    8,950,000
    4,990,000
  2. Jul 25, 2024 · Saudi Arabia is by far the leading producer of crude oil among OPEC member states. In 2023, it reported an average daily production of roughly 9.6 million barrels. Iraq ranked second, at...

  3. Jul 9, 2024 · In 2023, crude oil production from OPEC countries amounted to roughly 34 million barrels of oil daily, slightly down from some 34.2 million barrels per day in the previous year.

  4. Feb 29, 2024 · OPEC Crude Oil Production is at a current level of 28.56M, down from 28.96M last month and down from 29.17M one year ago. This is a change of -1.40% from last month and -2.10% from one year ago.

    Date
    Value
    June 30, 2024
    28.56M
    May 31, 2024
    28.96M
    April 30, 2024
    29.13M
    March 31, 2024
    29.23M
    • Energy
    • Energy Information Administration
    • International Energy Statistics
    • 28.96M
  5. Aug 8, 2024 · In 2023, oil production in OPEC countries stood at some 34 million barrels per day. Saudi Arabia is by far the largest producer and also leading the list of global oil exports of OPEC...

  6. Jun 5, 2023 · Opec nations produce about 30% of the world's crude oil. Saudi Arabia is the biggest single oil supplier within the group, producing more than 10 million barrels a day.

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  8. May 9, 2023 · Among these 10 countries was the world’s third-largest oil producer in 2022, Russia, which produced 13% of the world total (10.3 million barrels per day [b/d]). OPEC’s stated objective is to “co-ordinate and unify petroleum policies among Member Countries” to secure pricing for producers, supply for consumers, and return on capital for ...

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