Key Market Indicators
Ukraine's crude oil production is expected to drop from 1,080 thousand tonnes of oil equivalent in 2021 to 616 thousand tonnes by 2026, a 9.7% decrease on average each year. Since 1995, the country's production has fallen by a yearly average of 7.8%. In 2021, Ukraine was ranked 56th, behind Mongolia at 1,080 thousand tonnes. Saudi Arabia, the US and Iraq were respectively the top three producers in the same year.
