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 Q2/18 Q3/18 Q4/18 Q1/19
United States 10264.00 Feb/18 10000 9806 9980 9809
China 3729.00 Jan/18 3814 3815 3662 3814
Japan 4.00 Jan/18 4.1 4.15 4.2 4.25
Germany 44.00 Jan/18 44 44 44 44
United Kingdom 1027.00 Jan/18 750 750 750 650
France 15.00 Jan/18 15 15 15 15
India 716.00 Jan/18 729 729 731 730
Italy 96.00 Jan/18 100 100 101 101
Brazil 2615.00 Jan/18 2613 2639 2639 2620
Canada 3949.00 Jan/18 3944 3920 3947 3947
Russia 10550.00 Jan/18 10500 10528 10600 10589
Spain 2.00 Jan/18 2 2 2 2
Australia 240.00 Jan/18 273 284 294 303
Mexico 1950.00 Jan/18 2120 1923 2070 1940
Indonesia 790.00 Jan/18 770 805 805 815
Turkey 50.00 Jan/18 50 50 50 50
Last Q2/18 Q3/18 Q4/18 Q1/19
Albania 21.00 Jan/18 20.78 20.69 20.59 20.49
Algeria 966.00 Mar/18 1075 1048 1046 1055
Angola 1496.00 Mar/18 1585 1656 1617 1570
Argentina 480.00 Jan/18 510 500 510 474
Australia 240.00 Jan/18 273 284 294 303
Austria 14.00 Jan/18 13.92 13.96 13.94 13.95
Azerbaijan 812.00 Jan/18 796 796 796 796
Bahrain 40.00 Jan/18 40.85 40.79 40.72 40.66
Bangladesh 3.00 Jan/18 4 3.49 3.51 3.52
Barbados 1.00 Jan/18 1 1 1 1
Belarus 32.00 Jan/18 32 32 32 32
Belize 2.00 Jan/18 2.06 2.09 2.11 2.13
Bolivia 60.00 Jan/18 59.28 59.28 59.28 59.28
Brazil 2615.00 Jan/18 2613 2639 2639 2620
Brunei 111.00 Jan/18 100 96.09 92.96 99.07
Bulgaria 1.00 Jan/18 0.98 0.98 0.97 0.97
Cameroon 71.00 Jan/18 80 80 80 80
Canada 3949.00 Jan/18 3944 3920 3947 3947
Chad 136.00 Jan/18 130 130 130 130
Chile 3.00 Jan/18 3.08 3.09 3.09 3.09
China 3729.00 Jan/18 3814 3815 3662 3814
Colombia 854.00 Jan/18 830 828 826 824
Congo 17.00 Jan/18 19.45 19.66 19.85 20.03
Croatia 14.00 Jan/18 14.16 14.21 14.22 14.24
Cuba 50.00 Jan/18 49.69 49.54 49.4 49.26
Czech Republic 2.00 Jan/18 2 2 2 2
Denmark 128.00 Jan/18 136 139 138 137
East Timor 36.00 Jan/18 39.86 40.93 41.95 42.9
Ecuador 511.00 Mar/18 513 513 513 513
Egypt 560.00 Jan/18 590 591 592 592
Equatorial Guinea 176.00 Jan/18 183 183 183 183
France 15.00 Jan/18 15 15 15 15
Gabon 200.00 Jan/18 205 203 206 203
Georgia 0.40 Jan/18 0.55 0.62 0.69 0.75
Germany 44.00 Jan/18 44 44 44 44
Ghana 178.00 Jan/18 175 180 180 154
Greece 4.00 Jan/18 4 4 4 4
Guatemala 9.00 Jan/18 8.64 9 9.88 10.03
Hungary 13.00 Jan/18 15.04 14.57 14.22 14.45
India 716.00 Jan/18 729 729 731 730
Indonesia 790.00 Jan/18 770 805 805 815
Iran 3814.00 Mar/18 3837 3851 3847 3852
Iraq 4360.00 Mar/18 4432 4420 4405 4411
Israel 0.39 Jan/18 0.37 0.37 0.36 0.35
Italy 96.00 Jan/18 100 100 101 101
Ivory Coast 52.00 Jan/18 52.84 52.27 51.71 51.18
Japan 4.00 Jan/18 4.1 4.15 4.2 4.25
Kazakhstan 1847.00 Jan/18 1700 1816 1700 1811
Kuwait 2700.00 Mar/18 2704 2703 2703 2703
Kyrgyzstan 1.00 Jan/18 1 1 1 1
Libya 968.00 Mar/18 870 846 848 848
Lithuania 2.00 Jan/18 2 2 2 2
Malaysia 681.00 Jan/18 650 653 668 657
Mauritania 4.00 Jan/18 4 4 4 4
Mexico 1950.00 Jan/18 2120 1923 2070 1940
Mongolia 20.00 Jan/18 20 20 20 20
Morocco 0.16 Jan/18 0.16 0.16 0.16 0.16
Myanmar 11.00 Jan/18 15.9 15.86 15.82 15.78
Netherlands 20.00 Jan/18 17.64 16.7 16.84 16.81
New Zealand 30.00 Jan/18 31.17 31.92 31.19 31.73
Niger 9.00 Jan/18 11 11 11 11
Nigeria 1686.00 Mar/18 1645 1559 1540 1579
Norway 1652.00 Jan/18 1583 1576 1619 1616
Oman 967.00 Jan/18 970 970 971 971
Pakistan 94.00 Jan/18 89 90.96 89 86.71
Papua New Guinea 50.00 Jan/18 50.88 50.91 50.9 50.9
Peru 49.00 Jan/18 44.38 44.38 44.38 44.38
Philippines 15.00 Jan/18 15 15 15 15
Poland 21.00 Jan/18 21 21 21 21
Qatar 606.00 Mar/18 610 580 598 608
Republic of the Congo 370.00 Jan/18 345 345 345 345
Romania 71.00 Jan/18 74.38 74.43 74.45 74.46
Russia 10550.00 Jan/18 10500 10528 10600 10589
Saudi Arabia 9907.00 Mar/18 9800 9970 9940 9970
Serbia 19.00 Jan/18 18.63 18.47 18.31 18.17
Slovakia 0.20 Jan/18 0.2 0.2 0.2 0.2
Slovenia 0.01 Jan/18 0 0 0 0
South Africa 2.00 Jan/18 2 3 3 2
Spain 2.00 Jan/18 2 2 2 2
Sudan 95.00 Jan/18 103 105 107 109
Suriname 17.00 Jan/18 17 17 17 17
Syria 14.00 Jan/18 19 19 19 14
Taiwan 0.20 Jan/18 0.2 0.2 0.2 0.21
Tajikistan 0.18 Jan/18 0.2 0.2 0.2 0.2
Thailand 243.00 Jan/18 210 237 220 236
Trinidad And Tobago 69.00 Jan/18 74.47 75.25 76.02 76.78
Tunisia 31.00 Jan/18 37.03 37.49 37.95 38.4
Turkey 50.00 Jan/18 50 50 50 50
Turkmenistan 235.00 Jan/18 245 245 245 245
Ukraine 31.00 Jan/18 28.1 26.83 31.64 31.38
United Arab Emirates 2872.00 Mar/18 2689 2681 2820 2816
United Kingdom 1027.00 Jan/18 750 750 750 650
United States 10264.00 Feb/18 10000 9806 9980 9809
Uzbekistan 42.00 Jan/18 46.83 47.99 49.09 50.14
Venezuela 1509.00 Mar/18 1808 1878 2101 2042
Vietnam 254.00 Jan/18 311 265 265 265
Yemen 16.00 Jan/18 18.28 19.6 20.89 22.18