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 9031.00 Feb/17   8930 8930 9180 8998 9150
China 3855.00 Jan/17   3750 3733 3718 3876 3576
Japan 4.00 Dec/16   3.84 3.83 3.83 3.83 3.83
Germany 46.00 Dec/16   48 48 48 48 48
United Kingdom 969.00 Dec/16   950 950 950 950 880
France 16.00 Dec/16   17 17 17 15.8 17
India 735.00 Dec/16   732 732 732 732 732
Italy 96.00 Dec/16   100 80.29 100 79.68 103
Brazil 2730.00 Dec/16   2696 2695 2695 2695 2695
Canada 4107.00 Jan/17   3895 3872 3873 3873 3873
Australia 268.00 Dec/16   283 285 285 285 285
Russia 10733.00 Jan/17   10400 10500 10600 10500 10800
Spain 2.00 Dec/16   3 3 3 3 3
Mexico 2208.00 Jan/17   2100 2070 2050 2080 2100
Indonesia 830.00 Dec/16   780 770 780 770 830
Last Q2/17 Q3/17 Q4/17 Q1/18 2020
Albania 22.00 Dec/16   22.27 22.39 22.51 22.62 23.51
Algeria 1075.00 Apr/17   1068 1058 1049 1042 1012
Angola 1651.00 Apr/17   1649 1644 1647 1646 1646
Argentina 495.00 Dec/16   500 500 500 500 500
Australia 268.00 Dec/16   283 285 285 285 285
Austria 14.00 Dec/16   15.03 15.21 15.25 15.26 15.26
Azerbaijan 796.00 Dec/16   789 788 788 789 789
Bahrain 50.00 Dec/16 50 50 50 50 50
Bangladesh 4.00 Dec/16 4 4 4 4 4
Barbados 1.00 Dec/16 1 1 1 1 1
Belarus 25.00 Dec/16 25 25.01 25 25.01 25
Belize 2.00 Dec/16 2 2 2 2 2
Bolivia 57.00 Dec/16   57.1 57.1 57.1 57.1 57.1
Brazil 2730.00 Dec/16   2696 2695 2695 2695 2695
Brunei 100.00 Dec/16   106 106 106 106 106
Bulgaria 1.00 Dec/16 1 1 1 1 1
Cameroon 90.00 Dec/16   89.86 89.61 89.77 89.67 89.71
Canada 4107.00 Jan/17   3895 3872 3873 3873 3873
Chad 103.00 Dec/16   103 103 103 103 103
Chile 4.00 Dec/16   4.1 4.09 4.09 4.09 4.09
China 3855.00 Jan/17   3750 3733 3718 3876 3576
Colombia 895.00 Dec/16   892 892 892 892 892
Congo 20.00 Dec/16 20 20 20 20 20
Croatia 13.00 Dec/16   13.19 13.2 13.2 13.2 13.2
Cuba 50.00 Dec/16 50 50 50 50 50
Czech Republic 2.00 Dec/16   1.98 1.97 1.94 1.96 1.96
Denmark 136.00 Dec/16   140 140 140 140 140
East Timor 58.00 Dec/16   58.58 58.6 58.6 58.59 58.6
Ecuador 528.00 Apr/17   528 528 528 528 528
Egypt 490.00 Jan/17   490 490 490 490 490
Equatorial Guinea 227.00 Dec/16   227 227 227 227 227
France 16.00 Dec/16   17 17 17 15.8 17
Gabon 220.00 Dec/16   220 220 220 220 220
Georgia 0.40 Dec/16 0.4 0.4 0.4 0.4 0.4
Germany 46.00 Dec/16   48 48 48 48 48
Ghana 145.00 Dec/16   147 147 147 147 147
Greece 4.00 Dec/16   2 2 2 2 2
Guatemala 9.06 Dec/16   8.91 8.92 8.91 8.91 8.91
Hungary 14.00 Dec/16   14.18 14.18 14.18 14.18 14.18
India 735.00 Dec/16   732 732 732 732 732
Indonesia 830.00 Dec/16   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 0.39 Dec/16 0.39 0.39 0.39 0.39 0.39
Italy 96.00 Dec/16   100 80.29 100 79.68 103
Ivory Coast 30.00 Dec/16 30 30 30 30 30
Japan 4.00 Dec/16   3.84 3.83 3.83 3.83 3.83
Kazakhstan 1755.00 Dec/16   1770 1771 1800 1700 1700
Kuwait 2710.00 Apr/17   2707 2705 2706 2705 2705
Kyrgyzstan 1.00 Dec/16 1 1 1 1 1
Libya 550.00 Apr/17   662 678 684 686 688
Lithuania 2.00 Dec/16 2 2 2 2 2
Malaysia 675.00 Dec/16   660 670 680 673 667
Mauritania 5.00 Dec/16 5 5 5 5 5
Mexico 2208.00 Jan/17   2100 2070 2050 2080 2100
Mongolia 23.00 Dec/16   22.99 22.99 22.99 22.99 22.99
Morocco 0.20 Dec/16 0.2 0.2 0.2 0.2 0.2
Myanmar 15.00 Dec/16   15.07 15.09 15.1 15.11 15.12
Netherlands 21.00 Dec/16   20.07 20.02 20.03 20.03 20.03
New Zealand 33.00 Dec/16   33.19 33.18 33.18 33.18 33.18
Niger 13.00 Dec/16 13 13 13 13 13
Nigeria 1484.00 Apr/17   1500 1480 1510 1460 1620
Norway 1660.00 Jan/17   1677 1677 1677 1677 1677
Oman 995.00 Dec/16   1000 1000 1000 1000 1000
Pakistan 89.00 Dec/16   87.83 87 87 89 79
Papua New Guinea 56.00 Dec/16 56 56 56 56 56
Peru 38.29 Dec/16   37.26 37.24 37.24 37.24 37.24
Philippines 20.00 Dec/16   24 25 27 19.99 40
Poland 22.00 Dec/16   19 20.06 19 20.06 19
Qatar 619.00 Apr/17   625 616 613 613 614
Republic of the Congo 300.00 Dec/16   299 299 299 299 299
Romania 75.00 Dec/16   75.05 75.05 75.05 75.05 75.05
Russia 10733.00 Jan/17   10400 10500 10600 10500 10800
Saudi Arabia 9946.00 Apr/17   9708 9721 9800 9754 10201
Serbia 20.00 Dec/16 20 20 20 20 20
Slovakia 0.20 Dec/16 0.2 0.2 0.2 0.2 0.2
Slovenia 0.01 Dec/16 0.01 0.01 0.01 0.01 0.01
South Africa 2.00 Dec/16 2 2 2 2 2
Spain 2.00 Dec/16   3 3 3 3 3
Sudan 255.00 Dec/16   255 255 255 255 255
Suriname 17.00 Dec/16 17 17 17 17 17
Sweden 0.00 Dec/16 0 0 0 0 0
Syria 30.00 Dec/16   30.01 30.01 30.01 30.02 30.03
Taiwan 0.20 Dec/16 0.2 0.2 0.2 0.2 0.2
Tajikistan 0.18 Dec/16 0.18 0.18 0.18 0.18 0.18
Thailand 247.00 Dec/16   255 220 210 210 250
Trinidad And Tobago 56.91 Dec/16   57.38 57.37 57.37 57.37 57.37
Tunisia 49.00 Dec/16   49.15 49.16 49.16 49.16 49.16
Turkey 48.00 Dec/16   50 48.74 50 48.72 50
Turkmenistan 245.00 Dec/16   237 236 236 236 236
Ukraine 30.00 Dec/16   29.97 29.97 29.97 29.97 29.97
United Arab Emirates 2988.00 Apr/17   2820 3030 2820 3035 2920
United Kingdom 969.00 Dec/16   950 950 950 950 880
United States 9031.00 Feb/17   8930 8930 9180 8998 9150
Uzbekistan 50.00 Dec/16   50.67 50.45 50.48 50.54 50.51
Venezuela 2194.00 Apr/17   2244 2270 2263 2263 2264
Vietnam 293.00 Dec/16   340 294 294 311 360
Yemen 22.00 Dec/16   21.99 22.46 22.25 22.31 22.31