The United States, Russia, and Saudi Arabia still remain the top three highest oil-producing countries in the world according to the latest report by The U.S. Energy Information Administration (EIA). 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. With 300,878 million barrels, Venezuela has the largest amount of proven oil reserves in the world. In second place is Saudi Arabia with 266,455 barrels. Countries With The Largest Proven Oil Reserves Production: 2,870,000 bpd. Last on this list of the 10 top oil-producing countries is Kuwait, whose output has dropped two years in a row. In 2016, production reached 3,072,000 bpd, then dropped to 2,825,000 bpd in 2017. Last year, the country made a slight recovery, producing 2,870,000 bpd. China produced an average of 4.87 million b/d of oil in 2016, which accounts for 5% of the world's production. China is a net importer of oil, as the country consumed an average of 12.38 million b/d in 2016. In 2006, Petrobras announced the largest oil discovery in the Western Hemisphere for decades: the offshore Lula field, named for the president. Brazil produces 3.15 percent of the world’s daily oil, although only a tiny fraction of this is from the Lula field–a fraction likely to grow going forward. Daily oil consumption by region from 1980 to 2006. This is a list of countries by oil consumption. [1] [2] The total worldwide oil consumption was 93 million barrels per day (bbl/day) on average in 2015 according to the International Energy Agency (IEA).
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 . The United States, Russia, and Saudi Arabia still remain the top three highest oil-producing countries in the world according to the latest report by The U.S. Energy Information Administration (EIA). 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.
20 Apr 2018 Ranking of top eight countries with highest oil reserves. Countries that possess large amounts of oil belong to The Organization of Petroleum 22 Jul 2019 Import and Export in the Global oil industry and who the biggest Consumers are. Oil Exports Revenue By Country 2018
12 Dec 2017 Countries with the biggest oil reserves: Opec and non-Opec producers led by Russia agreed to extend production cuts until the end of 2018. 26 Dec 2015 Mexico has the fourth largest oil reserves in the western hemisphere. Three grades of crude oil are found in Mexico and a few oil fields have 20 Apr 2018 Ranking of top eight countries with highest oil reserves. Countries that possess large amounts of oil belong to The Organization of Petroleum 22 Jul 2019 Import and Export in the Global oil industry and who the biggest Consumers are. Oil Exports Revenue By Country 2018
10 Oct 2017 Although Libya has more reserves, there were 37.2 billion barrels of proven oil reserves in Nigeria, ranking the country as the largest oil 21 Jul 2017 How exactly can the world's biggest importer of oil become the supplier upon which other countries depend? The recently released BP 15 Dec 2016 Top oil-producing countries, million bbl/day (EIA). The biggest hurdle to overcome, was the animosity between Iran and Saudi Arabia. 14 Nov 2016 became the world's largest oil and natural-gas producing country. The Organization of the Petroleum Exporting Countries (OPEC) is an Oil Production per Country in 2007 - in major oil producing countries. Note Russia and Saudi Arabia are the biggest oil producers. Followed by USA. However, 18 Jul 2017 How exactly can the world's biggest importer of oil become the supplier upon For the U.S. to move into the top tier of oil producing countries,