World Oil Production 2018
Credit: Coolcaesar. The price of oil shown is adjusted for inflation using the headline CPI and is shown by default on a logarithmic scale. Saudi Arabia crude oil production outage affects global crude oil and gasoline prices September 23, 2019. In this year’s ‘Best Digital Transformation Award’ category, Kuwait Oil Company (KOC) and. 94 million tonne in 2017, and increase further to 72. 5 hours ago · HOUSTON — A surge of oil production is coming, whether the world needs it or not. 5 million to two million barrels per day of spare capacity, according to the US Energy Information Administration. With domestic crude oil production averaging 9. growth next year. The oil has 27. This indicator is measured in thousand tonne of oil equivalent (toe). Industry revenue declined sharply in late 2014. 63mmbpd 2018 world oil demand y/y growth little changed at 1. The United States became the world's largest oil producer in August, the Energy Department said Thursday, but the milestone spurred another sharp drop in oil prices as markets reacted skittishly. North Dakota, the nation’s second largest oil-producing state, pumped out 1. 59 million barrels a day, up 60,000 BPD from last month's forecast. 74bn to the revenue. 9 per cent, as compared to 2016, to reach 74. Saudi agrees to US request to pump more oil. 1 crown as early as this year. Westwood Energy's ‘World Floating Production Systems Tracker Q4 report’ provides a positive outlook on the number of units and the value of orders expected over the 2018-2022 period. The power of the US oil industry is somewhat explained by the fact that the United States' share of historic world oil production is the highest of all countries. to lead world in oil production, New Mexico oil investments grow. 78 million tons in 2011. Follow Jason on Twitter. Global natural gas production increased by 190 bcm, or 5. Crude Oil Production in Iran averaged 3539. The Paris-based IEA raised its forecast for oil demand growth in 2018 to 1. crude oil production estimates are rounded to the nearest 100,000 b/d at the U. 5 million barrels per day since then. The decline in production in fiscal year 2015-16 (FY16) was seen after oil producing firms put on hold their projects under the then prevailing steep low oil prices in the world market. Future world oil production is based the projections reported by Table 1. The level of oil production in the United States is growing steadily. The monthly U. PEOC has been successful in achieving its objective in effective manner. World Crude Oil Production: 81. "World oil demand has approached 100 million barrels per day (MBD) for the first time, and U. 7 billions cubic feet per day. The world’s major oil producers have extended production cuts through to the end of 2018, in a bid to tackle a global glut of crude and keep prices buoyant. 4 million b/d or 1. USA And World Oil Production. 82M, up from 81. In this year’s ‘Best Digital Transformation Award’ category, Kuwait Oil Company (KOC) and. Energy Information Administration database for calendar year 2019, tabulating all countries on a comparable best-estimate. Eight GOM projects came on line, contributing to production growth, in 2016. Global oil production has continued to rise over the years. Furthermore, in March 2018, National Iranian Oil Co. 50 million barrels per day. This ratio is expressed in terms of years, and is used in forecasting the future availability of a resource. But as the year winds to a close, it's clear that hasn't happened. 8 million metric tons (MMT) on 38. US West Texas Intermediate crude futures were $ 60. Total's businesses include oil and gas production, refining, petrochemicals, sales, and marketing. growth next year. Palm oil is extracted from the fruit of the oil palm tree, Elaeis guineensis, which thrives in humid climates. There are two ways to define a giant oil field. The World Crude Oil Production measures the number of barrels of crude oil that are produced per day in the world. It awards the EVOO, which have participated in the world in some of the 30 contests held during the year 2019 that the EVOOWR considers. India’s crude oil production fell for the sixth straight year in 2017-2018 India’s crude oil production fell for the sixth straight year in 2017-18 to 35. to lead world in oil production, New Mexico oil investments grow. The oil sand deposits in Venezuela are similar to those in Canada. FPS Market Rebounds as Order Value is Expected to Total $59. 4 million hectares. 69 million tonne next year. 5 million metric tons in 2017/2018. 36 million barrels per day (b/d), down from 1. is leapfrogging the world’s other major oil and gas producers, with the potential for the country to account for roughly half of global crude and natural growth by. US Oil production will be setting more record highs in 2019 and 2020. 94 million tonne in 2017, and increase further to 72. 01 million metric tons. expected to end 2018 as world's top oil producer: EIA 2 Min Read FILE PHOTO: Crude oil storage tanks are seen from above at the Cushing oil hub, in Cushing, Oklahoma, March 24, 2016. Oil consumption in 2018 grew by an above average 1. While higher soybean output would facilitate a rise in. is on track to become the world's biggest oil producer. Our industry needs to invest to keep up with this rising demand, but there is also another challenge: field depletion. The production of seven countries accounts for more than 50% of world production. China's top oil and gas producer, PetroChina, aims to produce 25 million tonnes of crude oil per annum and 42 billion cubic meters (bcm) of natural ga. 59 barrels per day (bbl/day) 1 barrel = (42 US gallons, 158. OVERVIEW Oil remains the lifeblood of any war effort today as was the case through two World Wars and many conflicts inbetween. Efforts to make its production more sustainable still have a long way to go. The company's upstream production increased by 8. US crude oil production set a new record back in February, 2018 to surpass the previous oil production peak set in the 1970s. In a best-case scenario, this peak would not be reached until 2018. Oil & Gas Mergers and Acquisitions Report—Yearend 2018 Unrealie potential 2 A tale of two buildups The United States delivered on the unexpected promise it had been showing over the past few years to become the world’s leading oil and gas producer as its crude oil production rose to 11. Presented in bbl/day (Barrels per Day). NOTE: The information regarding Crude oil - production on this page is re-published from the CIA World Factbook 2018. will overtake Saudi Arabia as the world's No. crude output will average 10. 20 The increasing availability of palm oil, alongside increasing numbers of countries banning TFA in processed foods, 26, 27 means that palm oil will likely remain the food industry’s preferred vegetable oil in ultra-processed foods. Pumpjacks in an oil field in Midland, Texas. The EVOO World Ranking has been created to promote the most awarded EVOO worldwide in the world, towards the consumers. The seven listed oil majors. China's top oil and gas producer, PetroChina, aims to produce 25 million tonnes of crude oil per annum and 42 billion cubic meters (bcm) of natural ga. Oil Information is a comprehensive reference book on current developments in oil supply and demand. The automobile industry developed at the end of the 19th century, and quickly adopted oil as fuel. Mar 05, 2018 · U. 2018 oil production was more than double the production ten years earlier, in 2008. KUALA LUMPUR: Palm oil production in Malaysia is set to drop slightly in 2020 from the 20. Crude oil is produced across the country from coast to coast to coast. "Production" includes crude oil, shale oil, oil sands and NLGs, "consumption" also includes fuel ethanol and biodiesel, refinery fuel and loss. 4 million hectares. The experts and leaders who set the course for IHS Markit and its thousands of colleagues around the world. Learn vocabulary, terms, and more with flashcards, games, and other study tools. Sep 12, 2018 · In 2014, a drop in oil prices caused U. The monthly U. 5 Mb/d, 88% due to the USA, which hit a new record, consolidating the first position in the rank of world producers. Jan 31, 2018 · Unlike 1970, U. Jun 14, 2018 · This week the 2018 BP Statistical Review of World Energy was released, which covers energy data through 2017. The level of oil production in the United States is growing steadily. Blog of Oil Videos Producción Mundial de Petróleo | World Oil Production 1965-2018. Jun 06, 2018 · The World's Largest Oil & Gas Companies 2018: Royal Dutch Shell Surpasses Exxon As Top Dog Claire Poole Senior Contributor Opinions expressed by Forbes Contributors are their own. Palm Oil Production last year (*) was 74. 2% to an average of 3. Oil and gas production increase by record amounts in 2018. First published in 2007, the WOO offers a thorough review and assessment of the medium- and long-term prospects to 2040 for the global oil industry, as well as analysis of various sensitivities that have the potential to impact the petroleum industry in the years ahead. Oil and Gas Reports The Department of Environmental Protection is committed to providing information in an accessible and user-friendly format. , Royal Dutch Shell PLC and Total SA. Strong global economic growth has resulted in record oil demand. 4 million barrels a day over the first six months of 2015, the United States bypassed Russia and Saudi Arabia as the world’s largest producer of. EIA forecasts that annual average OPEC crude oil production will average 29. It gives me immense pleasure to congratulate the Organizers of the international Event of 3rd Pakistan Edible Oil Conference (PEOC) being held in Karachi on 19th& 20th January, 2018. While the top 10 largest oil producing countries are dominating the global oil production, the world's major oil and gas consuming countries are also contributing significantly to the revenue of the global oil and gas industry. 91 million barrels per day compared to 1. States in Crude Oil Production 2018 Name the 10 leading crude oil producing states for the year 2018 per Energy Information Administration data There was one change to the top 10 listed states in 2018. US oil production has seen a substantial amount of fluctuation in the recent years and took a major hit during the great depression of 2008. Nov 30, 2017 · The world's major oil producers have extended production cuts through to the end of 2018, in a bid to tackle a global glut of crude and keep prices buoyant. 16/b, again quoted in 2018 dollars. surpassed Saudi Arabia to become the world's largest producer of crude oil, according to preliminary estimates from the U. 53 million boe/d produced in Brazil and 101 000 boe/d abroad. 4) CNPC forecasts Chinese 2018 oil demand to grow 5% to 12 million b/d, S&P Global 2018-01-16. 68 million tonne, pushing the country’s import dependence for crude further to 82. These prices aren’t really very high, if a person looks at the situation from a longer term point of view than the last three years. 405 Barrel/Day th in 1981. The trend of rising U. shale oil. 532 trillion. The trade association projects a 3. Vegetable oil includes oil obtained from the crushing of soybeans and other oilseeds (about 55% of world vegetable oil production), palm oil (35%), as well as palm kernel, coconut and cottonseed oils. IHS Markit is the leading source of information and insight in critical areas that shape today's business landscape. International Olive Council. For the first time since 1973, the United States is the world's largest producer of crude oil, according to. Global Production Report 2018. Canada is well-placed to continue for the indefinite future: much of the current reserves are in tar sands, meaning that the oil is more costly to separate from the ground. The world’s largest oil and gas companies need to slash their production by more than a third by 2040 to meet global climate targets, according to a new report. Its oil production collapsed even further in August to 1. After 2018, however, China’s oil production is predicted to begin declining, and the widening supply-demand gap could endanger both China’s energy security and continued economic growth. Department of Agriculture is estimating world soybean production in the 2017/2018 market year will be 346. Global crude oil production rose (+2%) driven by explosive growth in the United States (+16. Livestock and Poultry: World Markets and Trade October 10, 2019 This biannual report, published in April and October, report includes data on U. It plans to increase hydrocarbons production by 5% per year, reaching 700,000 barrels of oil-equivalent per day (BOE/d) in 2022. Outlook: Growth in the region is expected to accelerate to 3 percent in 2018 and 3. 23 million barrels per day in December 2014. The flood of crude will arrive even as concerns about climate change are growing and worldwide oil demand is. The Oil Production Story: Pre- and Post-Peak Nations. See Glossary for further explanation. production to "rival" that of Russia, which has partnered with Saudi Arabia on efforts to keep oil prices high by throttling output until the end of 2018. Credit: Gazprom. This is Part 2 of the World Energy Annual Report in 2018. oil development has emerged as a guard against rising gas prices. Its annual list of award winners is the authoritative guide to the world’s best olive oils and the dedicated producers who craft them. At the end of 2017, wind and solar installed generation capacity accounted for more than 40% of all renewables and about 13% of all power sources. IHS Markit is the leading source of information and insight in critical areas that shape today's business landscape. Argentina, Italy and Greece experienced some of the largest decreases, while Spain and Morocco enjoyed solid production increases. NOTE: The information regarding Crude oil - production on this page is re-published from the CIA World Factbook 2018. In a recent article titled Top 10 Oil Producing Countries in 2018, BizVibe compiles a list of the top 10 countries that are currently dominating global oil production. Includes crude oil, shale oil, oil sands, condensates. Oil prices are forecast to rise to $56 a barrel in 2018 from $53 this year as a result of steadily growing demand, agreed production cuts among oil exporters and stabilizing U. This chart is through February 2018. 6% to 3,064,000 tonnes, with olive oil consumption expected to remain at a similar level. Citing the production. 19/barrel in 2017. Oil Information is a comprehensive reference book on current developments in oil supply and demand. States in Crude Oil Production 2018 Name the 10 leading crude oil producing states for the year 2018 per Energy Information Administration data There was one change to the top 10 listed states in 2018. The drivers behind OPEC's forecast include steadily rising economic activity around the world,. oil exports to China are transforming the. oil production, the United States remained a net importer of oil in 2018. 82M bbl/day for Apr 2018. The Energy Information Agencies (EIA) predict that world oil consumption will increase to 104 million barrels a day in 2030. 5 billion barrels set in 1970. North Dakota Oil Production to Reach Record High in 2018. The Energy Balance is given in Kilo Tonne of oil equivalent. Crude oil production It includes crude oil, natural gas liquids (NGLs) and additives. will reach an average of 9. The United States is the world's leading soybean producer and the second-leading exporter. No claims are made regarding the accuracy of Crude oil - production information contained here. Fossil fuels (coal, oil, gas) have, and continue to, play a dominant role in global energy systems. Compared with the. 50 million barrels per day. 2018 world oil demand estimate raised by 60k b/d, to 98. "Production" includes crude oil, shale oil, oil sands and NLGs, "consumption" also includes fuel ethanol and biodiesel, refinery fuel and loss. Coren May 23, 2018 For seven straight years, the US has pumped more oil and gas out of the ground than any other. Recently, the largest release in the history of the reserve was announced as an economic measure. UNITED STATES (THE PRESSER) – Oil prices continued their losses in the past two days as rising US output overshadowed strong Chinese data likely to boost imports of the world’s biggest buyer of crude. The Paris-based IEA raised its forecast for oil demand growth in 2018 to 1. Growth in 2016 is expected to rebound to 11. 3%), growing in all regions except Americas. At a country level, China was the largest producer in the world in 2018 and accounted for around 12 per cent of total global production. 87M one year ago. The company's upstream production increased by 8. South Sudan Who will gain from South Sudan's expanded oil production? Juba is keen to see the black gold pumping as South Sudan emerges out of a civil war that caused close on 400,000 deaths. KUALA LUMPUR: Palm oil production in Malaysia is set to drop slightly in 2020 from the 20. 90% of the total oil production in the world which makes the country ranked as the world's 6 th largest oil producing country. 94 million tonne in 2017, and increase further to 72. 6% to 3,064,000 tonnes, with olive oil consumption expected to remain at a similar level. 3 million b/d in 2018, according to the International Energy Agency's most recent Oil. ANS & Cook Inlet Oil Production Fiscal Years 1978 – 2018 and Forecast for Fiscal Years 2019 – 2028. Interestingly enough, 2010 was also the time that Crude Oil prices plummeted because of supply and demand concerns. In 2018, the World Oil and Gas Council recognized ExxonMobil as the “Explorer of the Year” for the second year in a row. 63mmbpd 2018 world oil demand y/y growth little changed at 1. Reference period. In 2018, global oil supply surpassed the 100 million-barrels-per-day mark for the first time ever. Figure 1 shows that world oil supply hit a peak in November 2018 and has declined since then, mostly because of a decline in OPEC’s production. 8 per cent, while crude production in non-OPEC countries registered gains. Gazprom, the biggest natural gas producer in Russia, is also one of the ten biggest oil and gas companies in the world. April 19, 2018. It plans to increase hydrocarbons production by 5% per year, reaching 700,000 barrels of oil-equivalent per day (BOE/d) in 2022. Here are 2019’s top 18 offshore drilling companies on the global stage: For the latest global offshore drilling market report, oil drilling market forecast, and top offshore drilling companies profiles, please see Global Offshore Drilling Market Report 2018-2022, or request your free report sample now!. The companies in aggregate represent 31% of global oil & gas production and 11% of proved reserves. 25% of the total production of oil in the world. Soon electric vehicles (EVs. View monthly Crude Oil, Natural Gas and Condensate Production by county. The IEA Oil Market Report (OMR) is one of the world's most authoritative and timely sources of data, forecasts and analysis on the global oil market - including detailed statistics and commentary on oil supply, demand, inventories, prices and refining activity, as well as oil trade for IEA and selected non-IEA countries. the world’s biggest oil producer, on Jan. Most of this has come from the Permian. Oil prices are now as high as they have been for three years. The firm's net income in 2018 was $111. Another seven projects are anticipated to come on line by the end of 2018. In contrast, non-OPEC production increased from 25 million barrels per day to 31 million barrels per day. 4 million from the 43. Despite the recent surge in U. the capacity of the existing oil and gas pipeline network, it results in bottlenecks and low prices at the production site. Credit: Coolcaesar. It is the definitive source for global energy production and consumption figures, and. October 12, 2018, HOUSTON – The upstream oil and gas industry’s brightest minds gathered to celebrate the winners of the 2018 World Oil Awards. When the crude oil export ban was lifted in January 2016, many broadly viewed it as good for the industry and free trade but were not quite sure about its impact. The world's biggest oil producers are close to extending a deal to curb oil production throughout 2018, Opec ministers said on Thursday, with more work needed to shrink swollen stockpiles and. Jul 18, 2018 4:37 pm. Globally, Mielke said palm oil production is expected to rise to 70. For the full version of this article, please go to Offshore Intelligence Network. Oil consumption. 6 million tonnes this year. to lead world in oil production, New Mexico oil investments grow. Global Production Report 2018. June 13 (UPI) --Output from the Permian shale oil basin in the southern United States will account for 60 percent of world total production growth by 2023, analysis finds. 6 million barrels a day in 1970. Its oil production collapsed even further in August to 1. 5 million bbls/d of new production each year, just for conventional output to remain flat," according to the IEA World Energy Outlook 2017. Crude Oil Production in Iraq decreased to 4620 BBL/D/1K in September from 4650 BBL/D/1K in August of 2019. These Are the Biggest Oil Producers in the United States America has become the top oil-producing country in the world, due in part to the production of these giant oil companies. ExxonMobil has a long history of research in the fundamental scientific and engineering principles required to develop oil and gas. Found in everything from shampoo to donuts, palm oil is now the most common vegetable oil in the world—and also one of the world's leading deforestation drivers. Palm oil is extracted from the fruit of the oil palm tree, Elaeis guineensis, which thrives in humid climates. the world’s biggest oil producer, on Jan. The annual average of the. World oil production will soar to new records over the next five years, as a dramatic expansion in demand from airlines offsets the arrival of electric cars, according to a report from Opec. Crude oil production It includes crude oil, natural gas liquids (NGLs) and additives. 7 Million Barrels a Day in 2018, Highest on Record boosted its output forecasts for 2018 and 2019, and said that production would top 11 million barrels a day. The data presented below is through 2018. 5 million metric tons in the marketing year 2018/2019, up from approximately 70. World Annual Oil Production (1900-2018) and Peak Oil (2005-2020 Scenarios) Source: Adapted from BP Statistical Review of World Energy. Data obtained from the US Energy Information Administration. All suggestions for corrections of any errors about Crude oil - production should be addressed to the CIA. A good example of such a release was during Hurricane Katrina, when the damage to the Gulf of Mexico region caused widespread and critical disruption of oil production and circulation. 2 days ago · Chevron’s Permian production increased 35 percent when compared with the third quarter of 2018. The USA also broke into the international crude trade, doubling export volumes and entering the top ten rank. Interestingly enough, 2010 was also the time that Crude Oil prices plummeted because of supply and demand concerns. Oil still drives many conflicts of today and thusly its production proves a critical factor to consider. NOTE: The information regarding Crude oil - production on this page is re-published from the CIA World Factbook 2018. However, the growth is estimated to be more moderate in 2018. In early 2018, the U. The publication is a means to highlight and further the understanding of the many possible future challenges and opportunities that lie ahead for the oil industry. The Berkut drilling platform located offshore Russia is the largest oil rig in the world, weighing in at 200,000 tons. Follow Jason on Twitter. could double its oil production by 2030, for example. Alberta oil companies could increase production by at least 250,000 barrels per day in 2018, according to oil economist Judith Dwarkin. This was due to declines in Mexico, on decreasing oil production and higher prices, and in Venezuela caused by imposed international sanctions. Gazprom, the biggest natural gas producer in Russia, is also one of the ten biggest oil and gas companies in the world. 31 per barrel, up from $54. growth next year. 9 MMT estimated in MY 2017/18. then Texas will become the. 1 billion, far beyond the combined net income of oil giants BP PLC, Chevron Corp. Crude Oil Production in Iraq averaged 2157. The experts and leaders who set the course for IHS Markit and its thousands of colleagues around the world. The data reached an all-time high of 898. Customer. EIA projects that renewables will provide nearly half of world electricity by 2050 October 2, 2019. The firm's net income in 2018 was $111. 24 million barrels a day — around half the country’s output seen in early 2016. By 2030, world demand will drive oil prices to $92. Globally, Mielke said palm oil production is expected to rise to 70. 2018 Production Report [xls 12Mb] The 2018 production report is provided in the link above. 3 Mb/d) accounting for almost two-thirds of the global increase. Crude Oil Production in Iran decreased to 2159 BBL/D/1K in September from 2193 BBL/D/1K in August of 2019. Demand for oil is increasing as well. Despite the rising solar power output from world’s top solar energy producing countries, global oil production continues to be dominated by the world’s top oil producing countries in 2018 — led by the USA, Saudi Arabia, Russia, China and Canada —and their leadership in the global oil industry is expected to remain strong in the near future. The 27th World Gas Conference (WGC 2018) took place in Washington DC from June 25-29, offering the most comprehensive and diverse program to date and featuring over 600 of the natural gas industry’s most senior speakers from all over the world. 2 percent in 2019, assuming a moderation of geopolitical tensions and a modest rise in oil prices. Yes, average World oil production in 2019 will be below the average production for 2018. 2 billion cubic meters. Our interactive gold mining map provides a breakdown of the top gold producing countries in the world, which demonstrates the geographical dispersion of gold mining operations and the gold supply. In 2011, the company was on record for production of over 17% of the world's total gas production estimated at 513. For some countries, values are missing for a certain time period (e. Saudi Arabia is the world's top oil exporter and has usually kept at least 1. 3% compared to 2016. Improving oilseed supply conditions in MY 2018/19 will help Indian oilmeal production to rebound to 17. 6% to 3,064,000 tonnes, with olive oil consumption expected to remain at a similar level. Oil production is offset by the value and this is factored in along with a given nation's. Periodic and scheduled ERS publications and data on Soybeans & Oil Crops Recent ERS publications relating to Soybeans & Oil Crops; Processed soybeans are the world's largest source of animal protein feed and the second largest source of vegetable oil. The 15 graphs below are mainly composite production groups. Move over Russia and Saudi Arabia. Vegetable oil includes oil obtained from the crushing of soybeans and other oilseeds (about 55% of world vegetable oil production), palm oil (35%), as well as palm kernel, coconut and cottonseed oils. The data reached an all-time high of 898. The Oil Production Story: Pre- and Post-Peak Nations. That is why it was per-announced by the president Hugo Chavez and the Venezuelan government in the early 2011. The USA also broke into the international crude trade, doubling export volumes and entering the top ten rank. The publication is a means to highlight and further the understanding of the many possible future challenges and opportunities that lie ahead for the oil industry. Sesame production in the world is estimated. Cumulative world oil production at the end of 2017 was approximately 1. Its annual list of award winners is the authoritative guide to the world’s best olive oils and the dedicated producers who craft them. These are the. Demand growth. 24 million barrels a day — around half the country's output seen in early 2016. News 8/17/2018. World Palm Oil Production 2019/2020 October 2019. Source: CIA World Factbook - Unless otherwise noted, information in this page is accurate as of January 1, 2018. As has been the case for some years, China and India together will contribute nearly 50% of global oil demand. In the article, BizVibe. "Oil production did go up through the Obama Administration's tenure, but it had everything to do with price and the technological breakthroughs that were made by the industry," Tom Kloza, an. Morocco’s growth jumped to a 4. The level of oil production in the United States is growing steadily. The 2018 production exceeded the previous record of 3. It gives me immense pleasure to congratulate the Organizers of the international Event of 3rd Pakistan Edible Oil Conference (PEOC) being held in Karachi on 19th& 20th January, 2018. Global Energy Trends, 2019 edition Based on its 2018 data for G20 countries, Enerdata analyses the trends in the world energy markets. The authoritative International Energy Agency announced on Monday that the United States will overtake Russia and Saudi Arabia as the world’s largest crude oil producer in five years. Argentina, Italy and Greece experienced some of the largest decreases, while Spain and Morocco enjoyed solid production increases. Strong economies will, in turn, use more oil and we expect demand to grow at an average annual rate of 1. A tanker truck travels on FM 2067 between Austin and Victoria on April 18, 2018. The decline was due to lower production from the North Sea and from Venezuela. US Oil production will be setting more record highs in 2019 and 2020. 03 million bpd. © 2019 OPEC. Includes crude oil, shale oil, oil sands, condensates. But the record. The World's Largest Oil & Gas Companies 2018: Royal Dutch Shell Surpasses Exxon As Top Dog Claire Poole Senior Contributor Opinions expressed by Forbes Contributors are their own. Total’s businesses include oil and gas production, refining, petrochemicals, sales, and marketing. Graphs for individual countries reproducing the whole of the IEA OMR oil production data can be found GlobalEnergyGraphed as follows: OPEC 16 charts OECD 10 charts Rest of World (including Russia) 21 charts. tight oil, or shale oil, is a dynamic new source of supply, investment in more conventional sources of output has dropped and, as a result, "the world needs to find an additional 2.