Crude Oil Production - Forecast - 2018-2020

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 Q1/18 Q2/18 Q3/18 Q4/18
United States 10038.00 Nov/17 9998 9982 9965 9680
China 3770.00 Oct/17 3770 3769 3768 3662
Japan 4.00 Mar/17 4.21 4.26 4.31 4.36
Germany 43.00 Sep/17 44 44 44 44
United Kingdom 884.00 Sep/17 950 950 950 920
France 15.00 Sep/17 15.09 15.13 15.17 17
India 744.00 Mar/17 732 729 727 725
Italy 99.00 Sep/17 100 100 100 101
Brazil 2550.00 Mar/17 2585 2582 2579 2577
Canada 3920.00 Oct/17 3904 3897 3890 3884
Russia 10527.00 Oct/17 10500 10100 10468 10600
Spain 2.00 Sep/17 3 3 2.89 3
Australia 277.00 Jul/17 307 317 326 335
Mexico 1933.00 Oct/17 2080 2120 1941 2070
Indonesia 825.00 Mar/17 770 770 853 805
Turkey 50.00 Sep/17 50 50 50 50
Last Q1/18 Q2/18 Q3/18 Q4/18
Albania 21.00 Sep/17 20.78 20.68 20.58 20.48
Algeria 1013.00 Jan/18 1018 1017 1018 1018
Angola 1548.00 Dec/17 1549 1547 1545 1543
Argentina 485.00 Mar/17 510 510 500 510
Australia 277.00 Jul/17 307 317 326 335
Austria 14.00 Sep/17 14.25 14.51 14.77 15
Azerbaijan 748.00 Mar/17 751 749 746 743
Bahrain 41.00 Mar/17 40.48 40.43 40.38 40.34
Bangladesh 4.00 Mar/17 4 4 3.92 3.91
Barbados 1.00 Mar/17 1.04 1.05 1.05 1.06
Belarus 32.00 Sep/17 32.23 32.33 32.43 32.53
Belize 2.00 Mar/17 2.12 2.15 2.17 2.19
Bolivia 58.00 Mar/17 55.65 55.09 54.55 54.02
Brazil 2550.00 Mar/17 2585 2582 2579 2577
Brunei 110.00 Mar/17 128 131 134 136
Bulgaria 1.00 Sep/17 0.98 0.98 0.97 0.97
Cameroon 80.00 Sep/17 80.64 80.95 81.25 81.53
Canada 3920.00 Oct/17 3904 3897 3890 3884
Chad 133.00 Sep/17 129 127 125 124
Chile 4.00 Mar/17 4.41 4.51 4.6 4.69
China 3770.00 Oct/17 3770 3769 3768 3662
Colombia 804.00 Mar/17 809 808 806 804
Congo 18.00 Sep/17 18.54 18.79 19.03 19.25
Croatia 14.00 Sep/17 14.23 14.29 14.35 14.41
Cuba 48.00 Mar/17 47.6 47.48 47.35 47.23
Czech Republic 2.00 Sep/17 2.12 2.18 2.23 2.28
Denmark 140.00 Sep/17 144 146 148 150
East Timor 48.00 Mar/17 52.71 53.54 54.31 55.02
Ecuador 513.00 Jan/18 512 509 507 505
Egypt 597.00 Oct/17 590 591 592 593
Equatorial Guinea 181.00 Sep/17 179 178 178 177
France 15.00 Sep/17 15.09 15.13 15.17 17
Gabon 200.00 Sep/17 203 204 205 206
Georgia 0.40 Mar/17 0.72 0.78 0.84 0.89
Germany 43.00 Sep/17 44 44 44 44
Ghana 130.00 Sep/17 175 175 180 180
Greece 2.00 Sep/17 2 2 2 2
Guatemala 8.00 Mar/17 9.16 9.4 9.63 9.85
Hungary 15.00 Sep/17 15.54 15.87 16.19 16.49
India 744.00 Mar/17 732 729 727 725
Indonesia 825.00 Mar/17 770 770 853 805
Iran 3817.00 Jan/18 3799 3770 3745 3721
Iraq 4360.00 Jan/18 4234 4080 3936 3801
Israel 0.40 Mar/17 0.37 0.36 0.36 0.35
Italy 99.00 Sep/17 100 100 100 101
Ivory Coast 30.00 Sep/17 29.73 29.6 29.48 29.35
Japan 4.00 Mar/17 4.21 4.26 4.31 4.36
Kazakhstan 1805.00 Mar/17 1700 1700 1769 1700
Kuwait 2705.00 Jan/18 2677 2636 2599 2564
Kyrgyzstan 1.00 Oct/17 1.04 1.06 1.09 1.11
Libya 978.00 Jan/18 1134 1210 1246 1265
Lithuania 2.00 Sep/17 2.09 2.13 2.18 2.22
Malaysia 659.00 Mar/17 665 665 666 668
Mauritania 5.00 Sep/17 10.73 10.59 8.81 7.7
Mexico 1933.00 Oct/17 2080 2120 1941 2070
Mongolia 20.00 Mar/17 19.49 19.41 19.34 19.26
Morocco 0.20 Sep/17 0.2 0.2 0.2 0.2
Myanmar 15.00 Mar/17 14.98 14.97 14.97 14.96
Netherlands 15.00 Sep/17 16.4 17.12 17.77 18.41
New Zealand 32.00 Jul/17 33.92 34.49 34.98 35.4
Niger 11.00 Sep/17 11.75 12.19 12.57 12.87
Nigeria 1736.00 Jan/18 1735 1727 1744 1540
Norway 1553.00 Oct/17 1542 1545 1548 1551
Oman 968.00 Mar/17 953 950 946 943
Pakistan 98.00 Mar/17 89 89 95.05 89
Papua New Guinea 51.00 Jul/17 52.62 53.16 53.67 54.16
Peru 43.00 Mar/17 42.87 43.08 43.28 43.49
Philippines 15.00 Mar/17 15.81 15.79 15.77 31
Poland 22.00 Sep/17 22 22 22 22
Qatar 621.00 Jan/18 626 633 639 645
Republic of the Congo 345.00 Sep/17 336 331 327 322
Romania 72.00 Sep/17 72.13 72.21 72.28 72.36
Russia 10527.00 Oct/17 10500 10100 10468 10600
Saudi Arabia 9983.00 Jan/18 9754 9800 9796 9940
Serbia 19.00 Sep/17 18.62 18.45 18.29 18.14
Slovakia 0.20 Sep/17 0.21 0.21 0.22 0.23
Slovenia 0.01 Sep/17 0 0 0 0
South Africa 1.00 Sep/17 2 2 3 3
Spain 2.00 Sep/17 3 3 2.89 3
Sudan 102.00 Sep/17 105 107 109 111
Suriname 17.00 Mar/17 16.74 16.68 16.62 16.56
Syria 14.00 Jul/17 19 19 19 19
Taiwan 0.20 Jul/17 0.2 0.2 0.2 0.21
Tajikistan 0.20 Oct/17 0.2 0.2 0.21 0.21
Thailand 237.00 Jul/17 210 210 234 220
Trinidad And Tobago 71.68 Mar/17 76.51 77.32 78.12 78.89
Tunisia 52.00 Sep/17 53.14 53.69 54.21 54.72
Turkey 50.00 Sep/17 50 50 50 50
Turkmenistan 245.00 Jul/17 242 241 240 239
Ukraine 27.00 Sep/17 27.46 27.55 27.65 27.74
United Arab Emirates 2850.00 Jan/18 2833 2802 2772 2820
United Kingdom 884.00 Sep/17 950 950 950 920
United States 10038.00 Nov/17 9998 9982 9965 9680
Uzbekistan 47.00 Jul/17 50.26 51.36 52.4 53.39
Venezuela 1769.00 Jan/18 1916 1908 1968 2101
Vietnam 265.00 Jul/17 311 311 264 264
Yemen 11.00 Jul/17 14.88 16.2 17.52 18.82