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World oil production in 2024: about 96.9 million barrels a day

World oil production averaged about 96.9 million barrels per day in 2024, according to the Energy Institute’s Statistical Review of World Energy 2025. This is an annual average expressed per day, not one date’s output. The definition includes more than crude oil alone.

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According to the Energy Institute’s 2025 edition, what was the approximate world production of oil in 2024 (including crude oil, condensates and natural gas liquids; daily average)?

Answer and explanation: 96.9M barrels/day

This is the 2024 figure in the Energy Institute’s 2025 edition. This is the daily average of annual output. Biofuels and refinery processing gains are excluded.

Data reference year: 2024

Energy Institute · Statistical Review of World Energy 2025

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According to the Energy Institute’s 2025 edition, what was the approximate world production of oil in 2024 (including crude oil, condensates and natural gas liquids; daily average)?

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Answer and explanation

96.9M barrels/day

This is the 2024 figure in the Energy Institute’s 2025 edition. This is the daily average of annual output. Biofuels and refinery processing gains are excluded.

What is included in oil production?

The series includes crude oil, condensates and natural gas liquids, within the review’s oil categories. It excludes biofuels and the volume gain from refinery processing. A crude-oil-only figure therefore describes a narrower quantity. Before comparing two oil headlines, look for the included products and whether the unit is barrels per day or an annual total.

Gas and coal use different measurements

The same edition reports 2024 natural gas production of 4,124.5 billion standardized cubic metres and coal production of 9,241.5 million tonnes. Both are annual totals. Gas excludes flared or recycled gas; coal includes lignite. These figures measure different physical quantities, so their printed numbers cannot be added or used directly to rank their energy contribution.

Keep the edition with the year

The observation year is 2024 and the publication edition is 2025. Those labels serve different purposes. Later editions may revise earlier data, so keep one edition when making a consistent comparison. To compare energy supplied, a common energy measure and matching coverage would be needed; the production volumes here do not provide that conversion.

Remember 96.9 million barrels per day with its product definition, then test your oil, gas and coal estimates in the quiz.

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