Global Oil Extraction Trends in 2022
Oil Extraction is part of Oil and includes a number of sub-sectors such as Oil Drilling and Enhanced Oil Recovery. You may also be interested in Oil Refining and Crude Oil.
Global crude oil production is projected to reach 4 million tonnes of oil equivalent by 2026, with an average yearly growth of 0.3%. This is in contrast to the 0.5% year-on-year decline since 1976. In 2021, Russia was the top producer of crude oil, with 520,570 thousand tonnes of oil equivalent. Saudi Arabia, the United States, and Iraq followed in second, third, and fourth place respectively. Ghana saw a 14.1% year-on-year increase, while Sudan experienced a 24.1% decrease since 1976.
Top 10 countries
In 2022 major markets in the Oil Extraction Industry were:
Oil Extraction Market Data and Forecasts
How much the Oil Extraction industry is expected to grow to 2026?
More in Oil Extraction Industry for 2027Global Oil Extraction Statistics
- Crude Oil Production 140 countries (Europe, Southern Europe, Eastern Europe...)
- Metal Products Import 192 countries (Africa, Asia, Sub-Saharan Africa...)
- Metal Products Export 190 countries (Asia, Africa, Latin America...)
- Number Of Enterprises 67 countries (Europe, Northern Europe, Southern Europe...)
- Shipping Freight Volume 67 countries (Western Europe, Europe, Germany...)
- Labour Utilisation 97 countries (Europe, Northern Europe, Eastern Europe...)
- Oil And Gas Extraction Production 25 countries (Europe, Northern Europe, Baltics...)
- Number Of Employees 206 countries (Europe, Northern Europe, Southern Europe...)
- Natural Gas Production 115 countries (Europe, Eastern Europe, Asia...)
- Natural Gas Sales 8 countries (China, East Asia, Asia...)
