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 Q3/18 Q4/18 Q1/19 Q2/19
United States 10467.00 Apr/18 9806 9980 9809 10030
China 3758.00 Mar/18 3758 3662 3757 3757
Japan 4.00 Mar/18 3.97 3.97 3.97 3.97
Germany 40.00 Mar/18 44 44 44 44
United Kingdom 955.00 Mar/18 750 750 650 650
India 732.00 Mar/18 730 730 730 730
France 15.00 Mar/18 15 15 15 15
Brazil 2557.00 Mar/18 2577 2578 2578 2578
Italy 92.00 Mar/18 100 101 101 101
Canada 3980.00 Mar/18 4038 4038 4038 4038
Russia 10556.00 Mar/18 10558 10600 10558 10558
Australia 292.00 Mar/18 281 280 280 280
Spain 2.00 Mar/18 2 2 2 2
Mexico 1888.00 Mar/18 1909 2070 1908 1908
Indonesia 784.00 Mar/18 805 805 815 766
Turkey 53.00 Mar/18 50 50 50 50
Netherlands 19.00 Mar/18 19.69 19.77 19.76 19.76
Last Q3/18 Q4/18 Q1/19 Q2/19
Albania 20.00 Mar/18 20.01 19.99 20 19.99
Algeria 1054.00 Jun/18 1043 1045 1047 1048
Angola 1448.00 Jun/18 1446 1450 1448 1448
Argentina 487.00 Mar/18 500 510 485 485
Australia 292.00 Mar/18 281 280 280 280
Austria 13.00 Mar/18 13.78 13.81 13.79 13.79
Azerbaijan 748.00 Mar/18 769 768 768 768
Bahrain 40.00 Mar/18 40 40 40 40
Bangladesh 3.00 Mar/18 3 3 3 3
Barbados 1.00 Mar/18 1 1 1 1
Belarus 32.00 Mar/18 32 32.02 32 32.01
Belize 2.00 Mar/18 2 2 2 2
Bolivia 58.00 Mar/18 58.48 58.5 58.5 58.5
Brazil 2557.00 Mar/18 2577 2578 2578 2578
Brunei 111.00 Mar/18 107 107 107 107
Bulgaria 1.00 Mar/18 1 1 1 1
Cameroon 71.00 Mar/18 70.3 70.51 70.34 70.47
Canada 3980.00 Mar/18 4038 4038 4038 4038
Chad 136.00 Mar/18 137 137 137 137
Chile 3.00 Mar/18 3.01 3.01 3.01 3.01
China 3758.00 Mar/18 3758 3662 3757 3757
Colombia 769.00 Mar/18 767 759 751 744
Congo 17.00 Mar/18 17.6 17.79 17.91 17.98
Croatia 13.00 Mar/18 13.12 13.13 13.13 13.14
Cuba 50.00 Mar/18 50 50 50 50
Czech Republic 2.00 Mar/18 2 2 2 2
Denmark 112.00 Mar/18 121 121 121 121
East Timor 35.00 Mar/18 35.69 35.72 35.71 35.71
Ecuador 517.00 Jun/18 518 517 517 517
Egypt 560.00 Mar/18 561 561 561 561
Equatorial Guinea 176.00 Mar/18 174 174 174 174
France 15.00 Mar/18 15 15 15 15
Gabon 200.00 Mar/18 201 201 201 201
Georgia 0.40 Mar/18 0.4 0.4 0.4 0.4
Germany 40.00 Mar/18 44 44 44 44
Ghana 163.00 Mar/18 180 180 161 161
Greece 3.00 Mar/18 4 4 4 4
Guatemala 9.00 Mar/18 9.33 9.21 9.25 9.28
Hungary 16.00 Mar/18 15.79 15.78 15.78 15.78
India 732.00 Mar/18 730 730 730 730
Indonesia 784.00 Mar/18 805 805 815 766
Iran 3802.00 Jun/18 3802 3803 3803 3803
Iraq 4360.00 Jun/18 4360 4360 4360 4360
Israel 0.39 Mar/18 0.39 0.39 0.39 0.39
Italy 92.00 Mar/18 100 101 101 101
Ivory Coast 52.00 Mar/18 51.98 51.98 51.98 51.98
Japan 4.00 Mar/18 3.97 3.97 3.97 3.97
Kazakhstan 1805.00 Mar/18 1779 1700 1784 1783
Kuwait 2707.00 Jun/18 2707 2708 2708 2708
Kyrgyzstan 1.00 Mar/18 1 1 1 1
Libya 708.00 Jun/18 680 650 655 648
Lithuania 2.00 Mar/18 2 2 2 2
Malaysia 662.00 Mar/18 664 668 663 662
Mauritania 4.00 Mar/18 4 4 4 4
Mexico 1888.00 Mar/18 1909 2070 1908 1908
Mongolia 20.00 Mar/18 19.99 19.99 19.99 19.99
Morocco 0.16 Mar/18 0.16 0.16 0.16 0.16
Myanmar 11.00 Mar/18 11.79 12.02 12.13 12.19
Netherlands 19.00 Mar/18 19.69 19.77 19.76 19.76
New Zealand 23.00 Mar/18 24.37 24.38 24.38 24.38
Niger 9.00 Mar/18 6.66 6.06 5.63 5.29
Nigeria 1511.00 Jun/18 1523 1540 1525 1526
Norway 1549.00 Mar/18 1578 1578 1578 1578
Oman 967.00 Mar/18 968 968 968 968
Pakistan 92.00 Mar/18 93 94 95 95
Papua New Guinea 28.00 Mar/18 38.96 39.09 38.96 38.93
Peru 52.00 Mar/18 50.86 50.85 50.86 50.86
Philippines 15.00 Mar/18 15 15 15 15
Poland 21.00 Mar/18 21 21 21 21
Qatar 622.00 Jun/18 609 608 609 610
Republic of the Congo 370.00 Mar/18 372 372 372 372
Romania 70.00 Mar/18 69.82 69.81 69.8 69.8
Russia 10556.00 Mar/18 10558 10600 10558 10558
Saudi Arabia 10489.00 Jun/18 11000 11500 12200 12300
Serbia 18.00 Mar/18 18.13 18.12 18.12 18.12
Slovakia 0.20 Mar/18 0.2 0.2 0.2 0.2
Slovenia 0.01 Mar/18 0.01 0.01 0.01 0.01
South Africa 2.00 Mar/18 3 3 3 3
Spain 2.00 Mar/18 2 2 2 2
Sudan 95.00 Mar/18 94.26 94.26 94.25 94.25
Suriname 17.00 Mar/18 17 17 17 17
Syria 25.00 Mar/18 19 19 29.54 30.24
Taiwan 0.20 Mar/18 0.2 0.2 0.2 0.2
Tajikistan 0.18 Mar/18 0.17 0.17 0.17 0.17
Thailand 244.00 Mar/18 243 245 244 239
Trinidad And Tobago 66.00 Mar/18 67.85 67.84 67.85 67.85
Tunisia 31.00 Mar/18 31.6 31.63 31.63 31.64
Turkey 53.00 Mar/18 50 50 50 50
Turkmenistan 245.00 Mar/18 242 241 241 241
Ukraine 31.00 Mar/18 30.6 30.62 30.61 30.61
United Arab Emirates 2890.00 Jun/18 2895 2820 2903 2905
United Kingdom 955.00 Mar/18 750 750 650 650
United States 10467.00 Apr/18 9806 9980 9809 10030
Uzbekistan 41.00 Mar/18 41.73 41.56 41.62 41.65
Venezuela 1531.00 Jun/18 1500 1370 1400 1450
Vietnam 255.00 Mar/18 259 259 259 259
Yemen 16.00 Mar/18 15.99 15.57 15.76 15.71