Money & Markets1965–2024
Oil Production by Country
The oil board is a half-century of booms, embargoes, collapses and shale. Saudi Arabia and Russia dominate long stretches, but the United States returns to No. 1 after 2010 as shale rewrites the energy map.
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Source: Energy Institute via Our World in Data Oil production measured as terawatt-hours of energy equivalent. Includes crude oil, shale oil, oil sands, condensates and NGLs. Updated 2026-07-05
The race in numbers
6lead changes
59years covered
12contenders
United Stateslongest reign — 15 yrs at #1
Final standings · 2024
- 1United States9,977 TWh
- 2Russia6,122 TWh
- 3Saudi Arabia5,933 TWh
- 4Canada3,372 TWh
- 5Iran2,727 TWh