Key Market Indicators
Argentina is set to produce 19.2 million tonnes of oil equivalent in 2026, down 2.4% from 21.8 million in 2021. Since 1976, the country's oil production has decreased by 3.8% per year. In 2021, Libya overtook Argentina, producing 21.8 million tonnes of oil equivalent. Saudi Arabia, the United States and Iraq ranked second, third and fourth respectively.
