Key Market Indicators
Crude oil production is predicted to drop 2.2% on a yearly basis until 2026, from 847 thousand tonnes of oil equivalent in 2021. Since 1980, there has been a 3.3% year-on-year decline. In 2021, Serbia ranked 60th with 847 thousand tonnes of oil equivalent. Saudi Arabia, the United States and Iraq placed second, third and fourth respectively.
