Crude Oil Production | Forecast | 2017-2020

This page provides forecasts for Crude Oil Production including a long-term outlook for the next decades, medium-term expectations for the next four quarters and short-term market predictions.


Last Q4/17 Q1/18 Q2/18 Q3/18 2020
United States 9238.00 Jul/17   9180 9183 9167 9151 9150
China 3944.00 Jun/17   3718 3909 3908 3906 3576
Japan 4.00 Mar/17   4.16 4.21 4.26 4.31 4.72
Germany 43.00 Jun/17   44 44 44 44 44
United Kingdom 941.00 Jun/17   950 950 950 950 880
France 15.00 Jun/17   17 15.48 15.52 15.57 17
India 744.00 Mar/17   734 732 729 727 710
Italy 27.00 Jun/17   100 83.73 88.85 91.61 103
Brazil 2550.00 Mar/17   2588 2585 2582 2579 2554
Canada 3729.00 Jun/17   3630 3625 3614 3609 3552
Russia 10543.00 Jun/17   10600 10500 10100 10434 10800
Spain 3.00 Jun/17 3 3 3 3.63 3
Australia 271.00 Mar/17   307 318 328 337 395
Mexico 2035.00 Jun/17   2050 2080 2120 2097 2100
Indonesia 825.00 Mar/17   780 770 770 853 830
Turkey 50.00 Jun/17 50 49.85 49.93 50.01 50
Last Q4/17 Q1/18 Q2/18 Q3/18 2020
Albania 21.00 Jun/17   20.9 20.81 20.71 20.62 19.82
Algeria 1067.00 Aug/17   1066 1066 1066 1066 1064
Angola 1680.00 Aug/17   1676 1673 1670 1667 1641
Argentina 485.00 Mar/17   505 510 510 500 510
Australia 271.00 Mar/17   307 318 328 337 395
Austria 13.00 Jun/17   14.12 14.51 14.84 15.13 16.76
Azerbaijan 748.00 Mar/17   754 751 749 746 723
Bahrain 41.00 Mar/17   40.54 40.48 40.43 40.38 40.06
Bangladesh 4.00 Mar/17   3.96 4 4 3.92 3.83
Barbados 1.00 Mar/17   1.03 1.04 1.05 1.05 1.09
Belarus 32.00 Jun/17   30.86 30.87 30.98 31.06 31.76
Belize 2.00 Mar/17   2.1 2.12 2.15 2.17 2.32
Bolivia 58.00 Mar/17   56.23 55.65 55.09 54.55 50.46
Brazil 2550.00 Mar/17   2588 2585 2582 2579 2554
Brunei 110.00 Mar/17   124 128 131 134 147
Bulgaria 1.00 Jun/17   0.98 0.98 0.97 0.97 0.94
Cameroon 85.00 Jun/17   85.28 85.41 85.54 85.66 86.53
Canada 3729.00 Jun/17   3630 3625 3614 3609 3552
Chad 94.00 Jun/17   94.88 97.17 99.54 102 110
Chile 4.00 Mar/17   4.31 4.41 4.51 4.6 5.28
China 3944.00 Jun/17   3718 3909 3908 3906 3576
Colombia 804.00 Mar/17   811 809 808 806 791
Congo 19.00 Jun/17   19.47 19.68 19.88 20.07 21.25
Croatia 14.00 Jun/17   14.31 14.37 14.43 14.49 15.02
Cuba 48.00 Mar/17   47.73 47.6 47.48 47.35 46.31
Czech Republic 2.00 Jun/17   2.13 2.18 2.24 2.29 2.66
Denmark 143.00 Jun/17   145 147 149 151 166
East Timor 48.00 Mar/17   51.82 52.71 53.54 54.31 59.17
Ecuador 537.00 Aug/17   534 532 529 527 508
Egypt 485.00 Jun/17   486 487 488 488 494
Equatorial Guinea 186.00 Jun/17   181 180 180 179 175
France 15.00 Jun/17   17 15.48 15.52 15.57 17
Gabon 200.00 Jun/17   203 204 205 205 212
Georgia 0.40 Mar/17   0.65 0.72 0.78 0.84 1.17
Germany 43.00 Jun/17   44 44 44 44 44
Ghana 170.00 Jun/17   167 166 165 164 154
Greece 2.00 Jun/17 2 2 2 2.52 2
Guatemala 8.00 Mar/17   8.9 9.16 9.4 9.63 11.19
Hungary 15.00 Jun/17   15.76 16.09 16.4 16.69 18.55
India 744.00 Mar/17   734 732 729 727 710
Indonesia 825.00 Mar/17   780 770 770 853 830
Iran 3845.00 Aug/17   3812 3783 3757 3732 3554
Iraq 4380.00 Aug/17   4170 4021 3882 3752 2922
Israel 0.40 Mar/17   0.37 0.37 0.36 0.36 0.31
Italy 27.00 Jun/17   100 83.73 88.85 91.61 103
Ivory Coast 30.00 Jun/17   29.73 29.6 29.47 29.35 28.38
Japan 4.00 Mar/17   4.16 4.21 4.26 4.31 4.72
Kazakhstan 1805.00 Mar/17   1800 1700 1700 1769 1700
Kuwait 2700.00 Aug/17   2644 2606 2570 2536 2301
Kyrgyzstan 1.00 Mar/17   1.08 1.1 1.12 1.14 1.26
Libya 890.00 Aug/17   1164 1231 1259 1273 1286
Lithuania 2.00 Jun/17   2.09 2.14 2.18 2.22 2.54
Malaysia 659.00 Mar/17   680 665 665 666 667
Mauritania 5.00 Jun/17   10.88 10.71 8.88 7.77 9.07
Mexico 2035.00 Jun/17   2050 2080 2120 2097 2100
Mongolia 20.00 Mar/17   19.57 19.49 19.41 19.34 18.67
Morocco 0.20 Jun/17 0.2 0.2 0.2 0.2 0.2
Myanmar 15.00 Mar/17   14.98 14.98 14.97 14.97 14.94
Netherlands 11.00 Jun/17   15.86 16.68 17.36 18.02 23.2
New Zealand 26.00 Mar/17   30.34 31.36 32.25 33 36.44
Niger 12.00 Jun/17   11.51 11.79 12.19 12.6 13.62
Nigeria 1742.00 Aug/17   1510 1736 1747 1760 1620
Norway 1600.00 Jun/17   1646 1649 1652 1654 1676
Oman 968.00 Mar/17   957 953 950 946 921
Pakistan 98.00 Mar/17   87 89 89 95.05 79
Papua New Guinea 45.00 Mar/17   43.91 44.79 45.62 46.42 52.1
Peru 43.00 Mar/17   42.66 42.87 43.08 43.28 45.11
Philippines 15.00 Mar/17   27 15.81 15.79 15.77 40
Poland 13.00 Jun/17   22 22 22 13.88 22
Qatar 616.00 Aug/17   627 634 640 646 684
Republic of the Congo 337.00 Jun/17   332 327 323 318 289
Romania 75.00 Jun/17   75.18 75.26 75.34 75.42 76.16
Russia 10543.00 Jun/17   10600 10500 10100 10434 10800
Saudi Arabia 9951.00 Aug/17   9800 9754 9800 9589 10201
Serbia 19.00 Jun/17   18.6 18.43 18.26 18.11 17.15
Slovakia 0.00 Jun/17   0.01 0.01 0.02 0.03 0.08
Slovenia 0.00 Jun/17 0 0 0 0 0
South Africa 2.00 Jun/17   4.07 5.14 6.1 6.98 11.79
Spain 3.00 Jun/17 3 3 3 3.63 3
Sudan 255.00 Dec/16   247 245 243 242 229
Suriname 17.00 Mar/17   16.8 16.74 16.68 16.62 16.1
Sweden 0.00 Jun/17 0 0 0 0 0
Syria 14.00 Mar/17   17.17 18.81 20.44 22.06 36.34
Taiwan 0.20 Mar/17 0.2 0.2 0.21 0.21 0.23
Tajikistan 0.20 Mar/17   0.21 0.21 0.21 0.22 0.24
Thailand 247.00 Mar/17   210 210 210 245 250
Trinidad And Tobago 71.68 Mar/17   75.68 76.51 77.32 78.12 84.38
Tunisia 52.00 Jun/17   52.23 52.77 53.31 53.84 57.98
Turkey 50.00 Jun/17 50 49.85 49.93 50.01 50
Turkmenistan 245.00 Mar/17   242 241 240 239 230
Ukraine 32.00 Jun/17   32.32 32.43 32.54 32.65 33.6
United Arab Emirates 2969.00 Aug/17   2820 2882 2849 2817 2920
United Kingdom 941.00 Jun/17   950 950 950 950 880
United States 9238.00 Jul/17   9180 9183 9167 9151 9150
Uzbekistan 46.00 Mar/17   50.32 51.44 52.5 53.52 60.64
Venezuela 2100.00 Aug/17   2200 2184 2206 2226 2000
Vietnam 279.00 Mar/17   277 311 311 276 360
Yemen 12.00 Mar/17   17.73 19.1 20.45 21.79 33.42