Crude oil, often called black gold, is the lifeblood of modern economies. This fossil fuel not only powers our cars and heats our homes, but it also plays a critical role in sectors like manufacturing, production, and technology. This article offers an in-depth exploration of oil production on a global scale, focusing on the most recent data available.
In 2022, according to data gathered from across the world, varying rates of oil production were observed across countries, thereby inherently influencing their economies — both directly and indirectly.
A few key findings from the data include:
Understanding the global landscape of oil production is vital, as it provides a foundation for predicting future trends in energy demand, economic growth, and environmental impacts, ultimately guiding policy-making and business decisions around the world. The rich data available on oil production by country serves as a lodestar, illuminating the complex world of energy politics, economics, and sustainability.
To sort the data in the table, click on the column headers.