Archive · 3 Sep 2025
Oil Production and Consumption: Top Countries in 2024-25
Imagine the world needs lots of oil every day.
In 2024, the world produced about 97 million barrels of oil each day, which is a tiny bit more than before.
The biggest oil maker is the United States, making about 20% of all the oil in the world.
This information comes from the Energy Institute which keeps track of energy around the world.
This helps us understand who makes the oil and how much is being produced.
Global oil production rose by 0.6% in 2024.
The total global oil production reached 97 million barrels per day.
The United States is the world's largest oil producer.
The United States produces 20,135 thousand barrels daily.
The United States accounts for 20.8% of the global oil supply.
- Who
- The Energy Institute (EI)
- What
- Reported on the top oil producing and consuming countries.
- When
- In 2024
- Where
- Globally
- Why
- To provide insights into global oil production and consumption trends.
- Global Oil Production in 2024
- 97 million barrels per day
- Production Increase
- 0.6%
- Largest Oil Producer
- United States
- U.S. Production
- 20,135 thousand barrels daily
- U.S. Share of Global Supply
- 20.8%