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Crude Oil Production in the United States averaged 7372.26 BBL/D/1K from 1950 until 2017, reaching an all time high of 10044 BBL/D/1K in November of 1970 and a record low of 3983 BBL/D/1K in September of 2008.
Saudi Arabia is OPECâs (Organization of the Petroleum Exporting Countries) largest crude oil producer. It set a record by producing 10.3 MMbpd (million barrels per day) of crude oil in March 2015âcompared to its previous peak production of 10.2 MMbpd in August 2013.Bloomberg estimates suggest that Saudi Arabiaâs produced 10 MMbpd of crude oil in April 2015.OPEC produced 31.3 MMbpd in April 2015âcompared to the quota of 30 MMbpd. OPEC has produced more than the quota of 30 MMbpd for 11 months.Iraq is OPECâs second largest oil producer. It also produced 3.66 MMbpd and exported 3.077 MMbpd of crude oil in April 2015.PEC produced 31.3 MMbpd in April 2015âcompared to the quota of 30 MMbpd. OPEC has produced more than the quota of 30 MMbpd for 11 months. Iraq is OPECâs second largest oil producer.