World Oil Production as of March 2018


The production of seven countries accounts for more than 50% of world production. Worldwide oil production has decreased by 564 bbl/d/k from the previous month.

While Russia and the United States increased production, Saudi Arabia reduced production. Especially Canada’s production has decreased a lot.

 

Obs Country

Last

Date

Previous

Highest

Lowest

Change

Percent_Change

1 Russia

10549

17DEC

10538

10832

5707

11

0.10438

2 United States

9964

18JAN

9949

10057

3971

15

0.15077

3 Saudi Arabia

9907

18MAR

9935

10720

2340

-28

-0.28183

4 Iraq

4360

18MAR

4360

4830

0

0

0.00000

5 Canada

3918

17DEC

4249

4249

955

-331

-7.79007

6 Iran

3814

18MAR

3810

6677

510

4

0.10499

7 China

3763

17DEC

3820

4408

1012

-57

-1.49215

8 United Arab Emirates

2872

18MAR

2797

3220

291

75

2.68144

9 Kuwait

2700

18MAR

2700

3768

0

0

0.00000

10 Brazil

2612

17DEC

2595

2730

330

17

0.65511

11 Mexico

1903

17DEC

1896

3547

1761

7

0.36920

12 Kazakhstan

1856

17DEC

1861

1861

407

-5

-0.26867

13 Nigeria

1686

18MAR

1635

2475

675

51

3.11927

14 Norway

1567

17DEC

1520

3417

2

47

3.09211

15 Venezuela

1509

18MAR

1586

3453

594

-77

-4.85498

16 Angola

1496

18MAR

1498

2030

503

-2

-0.13351

17 Oman

984

17DEC

962

1057

693

22

2.28690

18 Libya

968

18MAR

1005

15625

7

-37

-3.68159

19 Algeria

966

18MAR

1036

1427

775

-70

-6.75676

20 Colombia

829

17DEC

846

1035

356

-17

-2.00946

Variable Label

Mean

Std Dev

Minimum

Maximum

N

Sum

Last
Previous
Change
Percent_Change
Last
Previous

 

801.9748454
807.6037113
-5.6288660
0.2350269

1927.61
1933.52
45.2988501
5.6032687

0.0100000
0.0100000
-331.0000000
-24.3602866

10549.00
10538.00
75.0000000
33.3333333

97
97
97
97

77791.56
78337.56
-546.0000000
22.7976061

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