This is a list of countries by oil production, as compiled from the U.S. Energy Information Administration database for calendar year 2019, tabulating all countries on a comparable best-estimate basis.

27 Jun 2019 Iraq has some of the world's greatest reserves of oil, even though they- likely many other nearby countries in the Middle East- have been  18 Sep 2019 Biggest oil producing countries in the world: Saudi Arabia at 2nd spot, guess who is No 1. The slideshow shows the countries with the biggest  Non-OECD countries have represented the largest share of world oil demand since 2012 reaching 52% in 2018, with China and India being the most important   Although this is an illegal monopoly in most countries, it is perfectly legal in international law. The exporters have done so to keep the price of oil fairly high. For the purposes of the GFP ranking, oil is a highly-valued component when considering a prolonged military campaign and is used in conjunction with oil 

This page displays a table with actual values, consensus figures, forecasts, statistics and historical data charts for - Crude Oil Production. This page provides  

The World's Largest Oil Reserves By Country. Venezuela - 300,878 billion barrels. Saudi Arabia - 266,455 billion barrels. Canada - 169,709 billion barrels. Iran - 158,400 billion barrels. Iraq - 142,503 billion barrels. Kuwait - 101,500 billion barrels. United Arab Emirates - The United States is the top oil-producing country in the world, with an average of 14.86 million b/d, which accounts for 15.3% of the world's production. This is down from 15.12 million b/d in 2015, but it was enough to land the United States in the top spot, which it has held for the past four prior years. Saudi Arabia and Russia also top the list of oil exporting countries, while Russia is not a member of OPEC. The monthly U.S. oil production reached 10.07 million b/d in November 2017, the highest monthly level of crude oil production in U.S. history. In May of 2019, the country became a net oil and gas exporter, the first time since 1953. The top three oil producing countries are Russia, Saudi Arabia and the United States. While Russia and Saudi Arabia are top reserve countries, the United States is not (with only 1.8% of proven reserves). And Venezuela, the top reserve country, is only the 14 th highest producer The Kingdom of Saudi Arabia produces a whopping 13.24 percent of all the oil produced daily in the entire world. Considering that they sit on over 260 billion barrels of oil–the second highest total after Venezuela–the fortune of the House of Saud appears secure. Per Investopedia, these are the countries ranked by percent of crude oil reserves (in billion barrels): 1. Venezuela (20.2 percent). 2. Saudi Arabia (18 percent. 3. Canada (11.8 percent). 4. Iran (10.6 percent). 5. Iraq (9.5 percent). 6. Kuwait (6.9 percent). 7. United Arab Emirates (6.6 With a rough estimate of 12,108,000 BPD of oil, the United States has been a top oil producing country for years upon years. It makes sense, too, because the US is one of the greatest consumers of oil across the world, too.

29 Oct 2013 More than 80% of the world's proven oil reserves are concentrated in just 10 countries. Venezuela holds the world's biggest proven oil reserve 

The Kingdom of Saudi Arabia produces a whopping 13.24 percent of all the oil produced daily in the entire world. Considering that they sit on over 260 billion barrels of oil–the second highest total after Venezuela–the fortune of the House of Saud appears secure. Per Investopedia, these are the countries ranked by percent of crude oil reserves (in billion barrels): 1. Venezuela (20.2 percent). 2. Saudi Arabia (18 percent. 3. Canada (11.8 percent). 4. Iran (10.6 percent). 5. Iraq (9.5 percent). 6. Kuwait (6.9 percent). 7. United Arab Emirates (6.6 With a rough estimate of 12,108,000 BPD of oil, the United States has been a top oil producing country for years upon years. It makes sense, too, because the US is one of the greatest consumers of oil across the world, too. The United States, the world’s biggest oil consuming country, consumed 18.5 million barrels of oil per day (mbd) in 2012, which accounted for nearly 20% of the world’s total oil consumption per day. The highest level of oil consumption in US history was 20.8mbd, which occurred in 2005. Of the top 10 oil-producing countries, China is the world’s most populous country and has a rapidly growing economy, factors that have driven its high overall energy demand.

Although this is an illegal monopoly in most countries, it is perfectly legal in international law. The exporters have done so to keep the price of oil fairly high.

11 Oct 2019 Here is a look at the top five oil-producing countries, which are responsible for Canada is expected to have some of the highest growth in oil  The 10 largest oil1 producers and share of total world oil production2 in 20183. Country, Million barrels per day, Share of world total. United States How much of the crude oil produced in the United States is consumed in the United States? 22 Nov 2019 According to the US EIA (Energy Information Administration), Venezuela has the largest proven crude oil reserves in the world at 303 billion  22 May 2019 Russia is the largest country in the world by landmass and over 106 billion barrels of proven oil reserves fall within the country's borders. Along  Saudi Arabia · Saudi Arabia has the second largest proven oil reserves in the world—some 268 billion barrels, approximately 16 percent of the world's proven   8 Jan 2019 With 300,878 million barrels of proven reserves, Venezuela has the largest amount of proven oil reserves in the world. The country's oil is a 

3 Mar 2018 Nigeria's petroleum industry is the largest in Africa with proven oil and of PMS every month into a country that produces oil and gas and has 

16 Jul 2018 But by the 1970s, Venezuela was riding a spike in oil prices to what to fully understand how a country blessed with the world's biggest oil  13 Sep 2018 To date, the Department of Energy has approved 21.35 Bcf/d of long-term exports of natural gas to any country in the world not prohibited by U.S.  10 May 2016 These are the countries that depend most on oil income. has come on the back of the steep and sustained drop in oil prices – from a peak of 

16 Jul 2018 But by the 1970s, Venezuela was riding a spike in oil prices to what to fully understand how a country blessed with the world's biggest oil  13 Sep 2018 To date, the Department of Energy has approved 21.35 Bcf/d of long-term exports of natural gas to any country in the world not prohibited by U.S.  10 May 2016 These are the countries that depend most on oil income. has come on the back of the steep and sustained drop in oil prices – from a peak of  3 Mar 2018 Nigeria's petroleum industry is the largest in Africa with proven oil and of PMS every month into a country that produces oil and gas and has  Trends in proven oil reserves in top five countries, 1980–2013 (data from US Energy Information Administration) A map of world oil reserves according to OPEC, January 2014 This is a list of countries by proven oil reserves . Saudi Arabia and Russia also top the list of oil exporting countries, while Russia is not a member of OPEC. The monthly U.S. oil production reached 10.07 million b/d in November 2017, the highest monthly level of crude oil production in U.S. history.