Who Produced the Most Oil and Gas in 2021?

Oil and Gas in 2021

The top oil producer in the world in 2021 was the United States. The U.S. has an output of 16.58 million barrels per day. This is according to BP’s latest annual statistical review of world energy. Let’s talk more about the Oil and Gas performance in 2021 and how the U.S came on top.

The figure marked a 0.8 percent increase from 2020’s production rate. This is actually 16.45 million barrels per day. BP’s report highlighted that the U.S. produced 17.11 million barrels of oil per day in 2019, 15.31 million barrels per day in 2018, 13.14 million barrels per day in 2017, and 12.35 million barrels per day in 2016, and 12.78 million barrels per day in 2015.

Saudi Arabia ranked second in oil production last year with 10.95 million barrels per day, while Russia ranked third with 10.94 million barrels per day, according to BP’s review. Saudi Arabia’s production in 2021 marked a 0.8 percent drop compared to 2020 and Russia’s output last year marked a 2.6 percent gain in 2020, BP’s review highlighted.

Looking at natural gas, the U.S. also took the top spot in terms of 2021 production, according to BP’s review. The U.S. was shown to have produced 934.2 billion cubic meters of gas last year, which BP highlighted was a 2.3 percent increase compared to 2020’s figure of 915.9 billion cubic meters of gas.

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Source: Rig Zone

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