production of the world's oil
The chart depicts the forecast increase in world oil production. Overall, it can be seen that the barrels of oil were produced the most from Non-OPEC and OPEC Middle East respectively in two periods, while OPEC Middle East is expected to produce the most barrels of oil from 2010 to 2020. It should also be noticed that the total production of gas increased from 1980 to 2010, whereas it is expected to experience a slight decrease over the next 10-year period.
In the context of the highest oil production over the period, Non-OPEC produced approximately 7 million barrels of oil from 1980 to 2000 and 8 million barrels of oil were produced from OPEC Middle East, while it is expected that OPEC Middle East will produce 17 million barrels from 2010 to 2020.
When considering the total number of oil barrels, during the first 20-year period it is about 12 million and increased by 50% to 18 million between 2000 and 2010, while the total production is expected to decrease slightly by 5% to 17 million barrels from 2010 to 2020.