Key Market Indicators
Tobagonian crude oil production is expected to drop by 4.9% year on year, from 2,970 thousand tonnes of oil equivalent in 2021 to 2,250 thousand tonnes of oil equivalent by 2026. This would represent a decline of 4.5% since 1976. In 2021, Tobago was ranked 43rd, behind Italy's 2,970 thousand tonnes of oil equivalent. Saudi Arabia, the United States, and Iraq followed at numbers 2, 3, and 4 respectively.
