Key Market Indicators
Ukrainian crude oil production is projected to reach 616 thousand tonnes of oil equivalent by 2026. This is a 9.7% decrease from 2021's 1,080 thousand tonnes of oil equivalent. Since 1995, the country has seen an average 7.8% year-on-year decline. In 2021, Ukraine was ranked 56th in terms of production, with Mongolia ahead of them at 1,080 thousand tonnes of oil equivalent. Saudi Arabia, the United States and Iraq took the top three spots, respectively.
