Crude Oil Production | Forecast | 2016-2020

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 Q2/17 Q3/17 Q4/17 Q1/18 2020
United States 9098.00 Mar/17   8930 8930 9180 9086 9150
China 3929.00 Feb/17   3750 3733 3718 3949 3576
Japan 4.00 Feb/17   3.97 3.96 3.96 3.96 3.96
Germany 44.00 Feb/17   48 48 48 48 48
United Kingdom 944.00 Feb/17   950 950 950 950 880
France 15.00 Feb/17   17 17 17 14.61 17
India 745.00 Feb/17   743 743 743 743 743
Italy 101.00 Feb/17   100 87.25 100 87.8 103
Brazil 2676.00 Feb/17   2676 2674 2675 2675 2675
Canada 3840.00 Feb/17   3835 3815 3814 3815 3815
Australia 256.00 Feb/17   271 273 274 274 275
Russia 10713.00 Feb/17   10400 10500 10600 10500 10800
Spain 2.00 Feb/17   3 3 3 3 3
Mexico 2051.00 Feb/17   2100 2070 2050 2080 2100
Indonesia 828.00 Feb/17   780 770 780 770 830
Last Q2/17 Q3/17 Q4/17 Q1/18 2020
Albania 22.00 Feb/17   22.17 22.29 22.4 22.5 23.33
Algeria 1069.00 May/17   1065 1055 1046 1039 1008
Angola 1593.00 May/17   1606 1601 1601 1602 1602
Argentina 486.00 Feb/17   490 491 505 510 510
Australia 256.00 Feb/17   271 273 274 274 275
Austria 15.00 Feb/17   15.29 15.41 15.43 15.44 15.44
Azerbaijan 791.00 Feb/17   799 798 798 798 798
Bahrain 42.00 Feb/17   41.96 41.96 41.96 41.96 41.96
Bangladesh 4.00 Feb/17 4 4 4 4 4
Barbados 1.00 Feb/17 1 1 1 1 1
Belarus 24.00 Feb/17   24.08 24.1 24.07 24.1 24.09
Belize 2.00 Feb/17 2 2 2 2 2
Bolivia 60.00 Feb/17   59.66 59.65 59.65 59.65 59.65
Brazil 2676.00 Feb/17   2676 2674 2675 2675 2675
Brunei 110.00 Feb/17   109 109 109 109 109
Bulgaria 1.00 Feb/17 1 1 1 1 1
Cameroon 85.00 Feb/17   85.05 84.69 84.92 84.77 84.83
Canada 3840.00 Feb/17   3835 3815 3814 3815 3815
Chad 97.00 Feb/17   94.99 94.82 94.83 94.85 94.85
Chile 4.00 Feb/17   4.04 4.04 4.04 4.04 4.04
China 3929.00 Feb/17   3750 3733 3718 3949 3576
Colombia 865.00 Feb/17   869 869 869 869 869
Congo 20.00 Feb/17 20 20 20 20 20
Croatia 13.00 Feb/17   13.01 13.01 13.01 13.01 13.01
Cuba 49.00 Feb/17   49.02 49 49 49 49
Czech Republic 2.00 Feb/17   2.01 1.96 1.96 1.97 1.97
Denmark 142.00 Feb/17   140 140 140 140 140
East Timor 57.00 Feb/17   57.87 57.77 57.79 57.78 57.78
Ecuador 528.00 Apr/17   528 528 528 528 528
Egypt 489.00 Feb/17   489 489 489 489 489
Equatorial Guinea 201.00 Feb/17   194 192 192 192 191
France 15.00 Feb/17   17 17 17 14.61 17
Gabon 185.00 Feb/17   187 188 188 188 188
Georgia 0.40 Feb/17 0.4 0.4 0.4 0.4 0.4
Germany 44.00 Feb/17   48 48 48 48 48
Ghana 160.00 Feb/17   161 161 161 161 161
Greece 3.00 Feb/17   2 2 2 2 2
Guatemala 8.00 Feb/17   8.1 8.17 8.18 8.15 8.16
Hungary 13.00 Feb/17   12.98 12.97 12.97 12.97 12.97
India 745.00 Feb/17   743 743 743 743 743
Indonesia 828.00 Feb/17   780 770 780 770 830
Iran 3862.00 Apr/17   3886 3895 3905 3914 4017
Iraq 4531.00 Apr/17   4571 4570 4568 4568 4568
Israel 0.40 Feb/17 0.4 0.4 0.4 0.4 0.4
Italy 101.00 Feb/17   100 87.25 100 87.8 103
Ivory Coast 30.00 Feb/17 30 30 30 30 30
Japan 4.00 Feb/17   3.97 3.96 3.96 3.96 3.96
Kazakhstan 1767.00 Feb/17   1766 1763 1800 1700 1700
Kuwait 2715.00 May/17   2719 2717 2718 2717 2717
Kyrgyzstan 1.00 Feb/17 1 1 1 1 1
Libya 550.00 Apr/17   662 678 684 686 688
Lithuania 2.00 Feb/17 2 2 2 2 2
Malaysia 665.00 Feb/17   660 670 680 669 667
Mauritania 5.00 Feb/17 5 5 5 5 5
Mexico 2051.00 Feb/17   2100 2070 2050 2080 2100
Mongolia 20.00 Feb/17   19.6 19.69 19.65 19.65 19.65
Morocco 0.20 Feb/17 0.2 0.2 0.2 0.2 0.2
Myanmar 15.00 Feb/17   15.04 15.06 15.08 15.08 15.09
Netherlands 20.00 Feb/17   20.12 20.1 20.1 20.1 20.1
New Zealand 27.00 Feb/17   27.91 27.9 27.9 27.9 27.9
Niger 13.00 Feb/17 13 13 13 13 13
Nigeria 1640.00 May/17   1500 1480 1510 1525 1620
Norway 1710.00 Feb/17   1687 1687 1688 1688 1688
Oman 973.00 Feb/17   980 980 979 979 979
Pakistan 98.00 Feb/17   96.27 87 87 89 79
Papua New Guinea 35.00 Feb/17   36.51 36.52 36.52 36.52 36.52
Peru 41.00 Feb/17   39.79 39.83 39.83 39.83 39.83
Philippines 15.00 Feb/17   24 25 27 14.8 40
Poland 22.00 Feb/17   19 20.62 19 20.62 19
Qatar 619.00 Apr/17   625 616 613 613 614
Republic of the Congo 305.00 Feb/17   307 307 307 307 307
Romania 75.00 Feb/17 75 75 75 75 75
Russia 10713.00 Feb/17   10400 10500 10600 10500 10800
Saudi Arabia 9880.00 May/17   9708 9721 9800 9754 10201
Serbia 20.00 Feb/17 20 20 20 20 20
Slovakia 0.20 Feb/17 0.2 0.2 0.2 0.2 0.2
Slovenia 0.00 Feb/17 0 0 0 0 0
South Africa 2.00 Feb/17 2 2 2 2 2
Spain 2.00 Feb/17   3 3 3 3 3
Sudan 255.00 Dec/16   255 255 255 255 255
Suriname 17.00 Feb/17 17 17 17 17 17
Sweden 0.00 Feb/17 0 0 0 0 0
Syria 14.00 Feb/17   30.01 30.01 30.01 30.02 30.03
Taiwan 0.20 Feb/17 0.2 0.2 0.2 0.2 0.2
Tajikistan 0.20 Feb/17 0.2 0.2 0.2 0.2 0.2
Thailand 245.00 Feb/17   255 220 210 210 250
Trinidad And Tobago 60.80 Feb/17   59.91 59.96 59.95 59.95 59.95
Tunisia 51.00 Feb/17   50.73 50.71 50.72 50.72 50.72
Turkey 48.00 Feb/17   50 48.36 50 48.36 50
Turkmenistan 245.00 Feb/17   242 242 242 242 242
Ukraine 30.00 Feb/17   30.01 30.01 30.01 30.01 30.01
United Arab Emirates 2981.00 May/17   2820 3022 2820 3028 2920
United Kingdom 944.00 Feb/17   950 950 950 950 880
United States 9098.00 Mar/17   8930 8930 9180 9086 9150
Uzbekistan 48.00 Feb/17   47.87 48.1 47.91 47.92 47.95
Venezuela 2189.00 May/17   2218 2260 2200 2253 2000
Vietnam 280.00 Feb/17   300 282 282 311 360
Yemen 12.00 Feb/17   13.9 15.14 14.28 14.69 14.58