US led global oil production for sixth straight year in 2023
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The U.S. led the world in oil production for the sixth consecutive year in 2023, according to a new report from the Energy Information Administration (EIA).
Crude oil production in the U.S., including condensate, averaged 12.9 million barrels per day (b/d) in 2023 — a level which surpassed the American and global record of 12.3 million b/d that the U.S. set in 2019. Average monthly U.S. crude oil production also reached a record high in December 2023 at more than 13.3 million b/d.
«The United States produced more crude oil than any nation at any time, according to our International Energy Statistics, for the past six years in a row,» the EIA wrote in its report.
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The U.S. led the world in oil production for the sixth straight year in 2023, according to the EIA. — An American and Texas flag stand in front of the Chevron Corp. Pasadena Refinery in Pasadena, Texas, on Sunday, March 8, 2020. (Sharon Steinmann/Bloomberg via Getty Images / Getty Images)
The U.S., Russia and Saudi Arabia combined to account for about 40% of global oil production last year, having totaled 32.8 million b/d.
The three countries have produced more oil than any others since 1971, including production in the Russian Federation of the Soviet Union prior to the dissolution of the USSR in 1991.
The next three largest producing countries — Canada, Iraq and China — combined to produce 13.1 million b/d in 2023, slightly more than what was produced in the U.S. alone.
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Russia and Saudi Arabia trailed the U.S. in
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