Regional liquid fuels production outlook 2025| ��ƽ��

Monthly petroleum and other liquids production worldwide from July 2023 to July 2025, with a forecast until November 2025, by select oil-producing region (in million barrels per day)

Characteristic	OPEC+	United States	Other
Jun '23	44.24	21.89	36.23
Jul '23	43.06	22.03	36.74
Aug '23	42.63	22.28	36.74
Sep '23	43.52	22.59	36.58
Oct '23	43.56	22.52	36.75
Nov '23	43.43	22.69	37.45
Dec '23	43.33	22.67	37.57
Jan '24	43.3	21.08	36.72
Feb '24	43.26	22.15	36.93
Mar '24	43.44	22.5	37.16
Apr '24	43.2	22.72	37.14
May '24	42.68	22.75	37.23
Jun '24	42.24	22.84	37.6
Jul '24	42.73	22.66	37.58
Aug '24	42.59	23.04	37.66
Sep '24	42.28	22.93	36.97
Oct '24	42.14	23.3	37.87
Nov '24	42.26	23.35	37.91
Dec '24	42.21	23.24	37.87
Jan '25	42.29	22.35	37.86
Feb '25	42.67	22.67	37.76
Mar '25	43	23.22	38.27
Apr '25	42.69	23.25	38.27
May '25	42.96	22.98	38.33
Jun '25	43.44	22.96	38.5
Jul '25*	43.32	22.96	38.56
Aug '25	43.5	23.26	38.53
Sep '25	43.51	23.12	38.49
Oct '25	43.63	23.17	38.57
Nov '25	43.68	23.36	38.81

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Release date

July 2025

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Region

Worldwide

Survey time period

June 2023 to June 2025

Special properties

* Figures from July 2025 are forecasts. Liquid fuels include crude oil, lease condensate, natural gas plant liquids, other liquids, refinery processing gain, and other unaccounted for liquids.

Citation formats

Production of crude oil and other liquid fuels is forecast to increase marginally in the second half of 2025, with the United States expected to account for the greatest rise in production out of all major producing regions. By comparison, OPEC+ production output is expected to exceed 43.5 million barrels per day from August onward.