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.

✨ AI Insight

The data reveals a significant gap between the top three oil producers and the rest, with the United States producing 13.2 million barrels per day, far exceeding Saudi Arabia's 9.7 million and Russia's 9.4 million. This disparity underscores the impact of the shale revolution in the U.S., which has not only increased production but also transformed the country into a net exporter. Meanwhile, countries like Canada and Iraq, producing 5.7 million and 4.3 million barrels respectively, lag behind the leaders, indicating that while they contribute significantly to global supply, they face challenges in scaling production to match the leaders. The trend suggests that technological advancements and geopolitical factors will continue to shape the oil production landscape in the coming years.

Source: Wikipedia

Key Findings

Auto-computed highlights from this dataset

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United States leads with 13 in 2024.

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Average value in 2024: 7 · median: 5.

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