CRUDE OIL PRODUCTION STATISTICS IN THE WORLD
World crude oil production increased by 2% in 2010, coming back to its pre-crisis levels.
OPEC’s output, which represents about 40% of overall crude oil production, contributed about ¼ of this increase. Falls in Algerian, Iraqi and Venezuelan production were offset by significant growth in Nigerian production. Above-average increases in oil outputs were also noticed in UAE (2.3%) and Kuwait (2.2%).
In non-OPEC countries, growth was driven by Russia, which has been the world’s largest crude oil producer since 2009, the United States, and China (7.1%). Conversely, oil production dropped further in Europe (-6.4%), with large reductions in Norway and the United Kingdom.