Countries by Crude Oil Production 2024

About This Dataset

Countries ranked by total crude oil and condensates production in 2024, measured in millions of barrels per day according to the IEA Oil Market Report and EIA data. The United States became the world's largest oil producer in 2018, surpassing Saudi Arabia and Russia through the shale revolution — a technology-driven transformation that unlocked vast reserves of tight oil in formations like the Permian Basin, turning the US from the world's largest oil importer to a net exporter within a decade.

Analysis

The top three in Crude Oil Production (Million Barrels/Day) in 2024 are United States (13.2), Saudi Arabia (9.70) and Russia (9.40). United States tops the list without dominating it, holding 24.5% of what the 8 entities record between them. Only 3 of the 8 reach even half the leader's figure (6.60 or more).

Source: Wikipedia

Key Findings

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United States leads in Crude Oil Production (Million Barrels/Day) with 13.20 in 2024.

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Average Crude Oil Production (Million Barrels/Day) in 2024: 7 · median: 5.

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Gap in 2024: United States is 3.9× larger than Brazil.