OPEC production fell by 2.5 million b/d; Saudi Arabian output fell by 1.1 million b/d, the world’s largest volumetric decline. Production outside OPEC rose by 450,000b/d, led by an increase of 460,000b/d in the US, the largest increase in the world and the strongest US growth since 1970.
Crude oil production data includes crude oil, shale oil, oil sands and NGLs (natural gas liquids - the liquid content of natural gas where this is recovered separately). It excludes liquid fuels from other sources such as biomass and coal derivatives.
Reserves-to-production (R/P) ratios are available for the world and by region and feature in the Energy charting tool. R/P ratios represent the length of time that those remaining reserves would last if production were to continue at the previous year's rate. It is calculated by dividing remaining reserves at the end of the year by the production in that year.
World oil production tables are in both thousand barrels daily and million tonnes.
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