Reserves include gas condensate and natural gas liquids (NGLs) as well as crude oil. Saudi Arabia’s oil reserves include NGLs from 2017. There is no point beyond which an operator may not file corrected production reports. Reserves and R/P ratio for Venezuela includes the Orinoco Belt. Commission staff anticipates that the production totals following that period are substantially complete, although continued minor changes occur thereafter. In 2022, Russias invasion of Ukraine and harsh sanctions imposed by the West in response have caused global oil prices to surge and renewed attention on OPECs. 1Oil includes crude oil, all other petroleum liquids, and biofuels.

* Preliminary Crude Oil & Gas Well Gas Monthly Production Total - Significant changes to the preliminary production figures will occur in decreasing amounts for approximately six to eight months due to the filing of corrected and late reports by industry. Grown only in the tropics, the oil palm tree produces high-quality oil used primarily for cooking in developing countries. GAS WELL GAS (natural gas production from gas wells, measured in MCF)ĬASINGHEAD GAS (casinghead gas production from oil wells, measured in MCF) Premium Statistic Global oil production share 2022, by country Premium Statistic Proved crude oil reserves in the U.S. TOTAL NATURAL GAS PRODUCTION (MCF, includes Gas Well Gas and Casinghead Gas)ĬRUDE OIL (crude oil production from oil wells, measured in barrels)ĬONDENSATE (condensate production from gas wells, measured in barrels) TOTAL OIL PRODUCTION (Barrels includes Crude Oil and Condensate)

Crude oil production by country 2022