US tops world in petroleum production, DOE says

WASHINGTON, Mar. 8, 2017 - The U.S. produced more petroleum than any other country in 2015, according to data from the Energy Department’s (DOE’s) Office of Energy Efficiency and Renewable Energy (EERE).

World petroleum production in 2015 was 96 million barrels per day (mmbd), EERE says. That’s up 50 percent from 1980, when output was 64 mmbd, EERE says.

Learn about the benefits of subscribing to Agri-Pulse. Sign up for your four-week free trial Agri-Pulse subscription.

In 1980, DOE notes that the U.S. was the second- highest producer in the world, with 17 percent of total production, just behind the former Union of Soviet Socialist Republics (USSR), with 19 percent.

In 2015, the U.S. share of world petroleum production was tops in the world at 16 percent, ahead of Saudi Arabia, with 12 percent and Russia with 11 percent.

The top three oil-producing countries in 1980 made up just over half of the world total, EERE notes. By 2015 the top three countries made up only 39 percent of the world total, the data show.

#30