Key Market Indicators
By 2026, Israeli crude oil production is projected to reach 158.67 thousand tonnes of oil equivalent (TOE). This is a 2.9% increase from 2021's 131.6 thousand TOE and a 2.4% increase compared to 1976. In 2021, Israel was ranked 72nd in terms of oil production, with Chile ahead of it at 131.6 thousand TOE. The top three countries in terms of oil production were Saudi Arabia, the United States and Iraq.
