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
United States 9481.00 Sep/17   9180 9183 9167 9151
China 3758.00 Aug/17   3718 3788 3787 3785
Japan 4.00 Mar/17   4.16 4.21 4.26 4.31
Germany 43.00 Jun/17   44 44 44 44
United Kingdom 941.00 Jun/17   950 950 950 950
France 15.00 Jun/17   17 15.48 15.52 15.57
India 744.00 Mar/17   734 732 729 727
Italy 27.00 Jun/17   100 83.73 88.85 91.61
Brazil 2550.00 Mar/17   2588 2585 2582 2579
Canada 3851.00 Aug/17   3816 3783 3781 3776
Russia 10507.00 Aug/17   10600 10500 10100 10438
Spain 3.00 Jun/17 3 3 3 3.63
Australia 277.00 Jul/17   307 318 328 337
Mexico 1999.00 Aug/17   2050 2080 2120 2054
Indonesia 825.00 Mar/17   780 770 770 853
Turkey 50.00 Jun/17 50 49.85 49.93 50.01
Last Q4/17 Q1/18 Q2/18 Q3/18
Albania 21.00 Jun/17   20.9 20.81 20.71 20.62
Algeria 997.00 Oct/17   1002 1001 1002 1003
Angola 1601.00 Oct/17   1603 1600 1598 1595
Argentina 485.00 Mar/17   505 510 510 500
Australia 277.00 Jul/17   307 318 328 337
Austria 13.00 Jun/17   14.12 14.51 14.84 15.13
Azerbaijan 748.00 Mar/17   754 751 749 746
Bahrain 41.00 Mar/17   40.54 40.48 40.43 40.38
Bangladesh 4.00 Mar/17   3.96 4 4 3.92
Barbados 1.00 Mar/17   1.03 1.04 1.05 1.05
Belarus 32.00 Jun/17   30.86 30.87 30.98 31.06
Belize 2.00 Mar/17   2.1 2.12 2.15 2.17
Bolivia 58.00 Mar/17   56.23 55.65 55.09 54.55
Brazil 2550.00 Mar/17   2588 2585 2582 2579
Brunei 110.00 Mar/17   124 128 131 134
Bulgaria 1.00 Jun/17   0.98 0.98 0.97 0.97
Cameroon 85.00 Jul/17   85.24 85.37 85.5 85.62
Canada 3851.00 Aug/17   3816 3783 3781 3776
Chad 94.00 Jul/17   96.33 98.6 101 103
Chile 4.00 Mar/17   4.31 4.41 4.51 4.6
China 3758.00 Aug/17   3718 3788 3787 3785
Colombia 804.00 Mar/17   811 809 808 806
Congo 19.00 Jul/17   19.39 19.61 19.81 20
Croatia 14.00 Jun/17   14.31 14.37 14.43 14.49
Cuba 48.00 Mar/17   47.73 47.6 47.48 47.35
Czech Republic 2.00 Jun/17   2.13 2.18 2.24 2.29
Denmark 143.00 Jun/17   145 147 149 151
East Timor 48.00 Mar/17   51.82 52.71 53.54 54.31
Ecuador 541.00 Oct/17   538 535 533 530
Egypt 472.00 Aug/17   473 474 474 475
Equatorial Guinea 186.00 Jul/17   185 185 184 183
France 15.00 Jun/17   17 15.48 15.52 15.57
Gabon 210.00 Jul/17   203 204 205 205
Georgia 0.40 Mar/17   0.65 0.72 0.78 0.84
Germany 43.00 Jun/17   44 44 44 44
Ghana 153.00 Aug/17   170 175 175 180
Greece 2.00 Jun/17 2 2 2 2.52
Guatemala 8.00 Mar/17   8.9 9.16 9.4 9.63
Hungary 15.00 Jun/17   15.76 16.09 16.4 16.69
India 744.00 Mar/17   734 732 729 727
Indonesia 825.00 Mar/17   780 770 770 853
Iran 3810.00 Oct/17   3798 3773 3747 3723
Iraq 4380.00 Aug/17   4170 4021 3882 3752
Israel 0.40 Mar/17   0.37 0.37 0.36 0.36
Italy 27.00 Jun/17   100 83.73 88.85 91.61
Ivory Coast 30.00 Jul/17   29.73 29.6 29.47 29.35
Japan 4.00 Mar/17   4.16 4.21 4.26 4.31
Kazakhstan 1805.00 Mar/17   1800 1700 1700 1769
Kuwait 2700.00 Oct/17   2672 2631 2594 2558
Kyrgyzstan 1.00 Jul/17   1.08 1.1 1.12 1.14
Libya 962.00 Oct/17   1115 1205 1245 1265
Lithuania 2.00 Jun/17   2.09 2.14 2.18 2.22
Malaysia 659.00 Mar/17   680 665 665 666
Mauritania 5.00 Jul/17   10.88 10.71 8.88 7.77
Mexico 1999.00 Aug/17   2050 2080 2120 2054
Mongolia 20.00 Mar/17   19.57 19.49 19.41 19.34
Morocco 0.20 Jul/17 0.2 0.2 0.2 0.2
Myanmar 15.00 Mar/17   14.98 14.98 14.97 14.97
Netherlands 11.00 Jun/17   15.86 16.68 17.36 18.02
New Zealand 32.00 Jul/17   30.34 31.36 32.25 33
Niger 12.00 Jul/17   11.51 11.79 12.19 12.6
Nigeria 1663.00 Oct/17   1510 1687 1707 1724
Norway 1602.00 Aug/17   1611 1614 1617 1620
Oman 968.00 Mar/17   957 953 950 946
Pakistan 98.00 Mar/17   87 89 89 95.05
Papua New Guinea 51.00 Jul/17   43.91 44.79 45.62 46.42
Peru 43.00 Mar/17   42.66 42.87 43.08 43.28
Philippines 15.00 Mar/17   27 15.81 15.79 15.77
Poland 13.00 Jun/17   22 22 22 13.88
Qatar 596.00 Oct/17   592 601 609 615
Republic of the Congo 345.00 Jul/17   332 327 323 318
Romania 75.00 Jun/17   75.18 75.26 75.34 75.42
Russia 10507.00 Aug/17   10600 10500 10100 10438
Saudi Arabia 10056.00 Oct/17   9800 9754 9800 9773
Serbia 19.00 Jun/17   18.6 18.43 18.26 18.11
Slovakia 0.00 Jun/17   0.01 0.01 0.02 0.03
Slovenia 0.00 Jun/17 0 0 0 0
South Africa 2.00 Aug/17 2 2 2 3
Spain 3.00 Jun/17 3 3 3 3.63
Sudan 252.00 Jul/17   247 245 243 242
Suriname 17.00 Mar/17   16.8 16.74 16.68 16.62
Sweden 0.00 Jun/17 0 0 0 0
Syria 14.00 Jul/17   19 19 19 19
Taiwan 0.20 Jul/17 0.2 0.2 0.21 0.21
Tajikistan 0.20 Jul/17   0.21 0.21 0.21 0.22
Thailand 237.00 Jul/17   210 210 210 245
Trinidad And Tobago 71.68 Mar/17   75.68 76.51 77.32 78.12
Tunisia 57.00 Jul/17   52.23 52.77 53.31 53.84
Turkey 50.00 Jun/17 50 49.85 49.93 50.01
Turkmenistan 245.00 Jul/17   242 241 240 239
Ukraine 32.00 Jun/17   32.32 32.43 32.54 32.65
United Arab Emirates 2950.00 Oct/17   2820 2882 2849 2817
United Kingdom 941.00 Jun/17   950 950 950 950
United States 9481.00 Sep/17   9180 9183 9167 9151
Uzbekistan 47.00 Jul/17   50.32 51.44 52.5 53.52
Venezuela 1955.00 Oct/17   2200 2184 2206 2226
Vietnam 265.00 Jul/17   277 311 311 276
Yemen 11.00 Jul/17   17.73 19.1 20.45 21.79