Who are the top 3 oil producing countries in the world?
According to the EIA (U.S. Energy Information Administration), the United States, Saudi Arabia, and Russia are the world’s top three crude oil producers. The United States accounted for 18% of global oil production in 2018. Article continues below advertisement
Who are the largest consumers of oil in the world?
The United States, China, and India are the top consumers of oil products in the world with a share of world’s total of 20%, 13%, and 4% respectively.
Where does the United States rank in oil production?
In a dissapointment to Americans everywhere, the US sits at second place with production equal to 12% of the total. Because of its high-tech economy and stable investment climate, the US is at the forefront of non-conventional energy extraction including shale oil and tar sands.
Where does China get most of its oil from?
Most of the oil that China produces is extracted from regions in the Middle Eastern country of Iran. This world region has forever been a touchy subject, especially where discussions on oil are involved. That said, China has always been on a tightrope, hoping to have Iran as an oil source for years to come.
What is the largest oil producing country in the world?
Russia is the largest oil producing country in the world in 2019. Its current production reaches to 10,590,000 barrels of oil per day which helps in delivering 14.05% of the total oil needed the world.
What country has the most oil?
Biggest Oil Producers in the World Saudi Arabia. Saudi Arabia takes the first position among the top oil producing countries in the world, with a daily production of 11,726 thousand barrels of crude oil. United States. The United States is the second largest oil producer in the world, with a daily production of 11,115 thousand barrels of crude oil. Russia. China. Canada. Iran.
Who produces the most oil?
Key Takeaways. According to the most recent data, the top five oil-producing nations are the U.S., Saudi Arabia, Russia, Canada, and China . Canada is expected to have some of the highest growth in oil production, percentage-wise, over the next three decades thanks to oil sands. Nov 18 2019