| Country | Million barrels per day | Share of world total |
|---|---|---|
| United States | 20.51 | 20% |
| China | 13.89 | 14% |
| India | 4.77 | 5% |
| Russia | 3.88 | 4% |
Which country is the largest producer of mineral oil in the world?
The United States is the top oil-producing country in the world, with an average of 19.47 million barrels per day (b/d), which accounts for 19% of the world’s production. 1 The U.S. has held the top spot for the past six years. The U.S. overtook Russia in 2012 for the No.
Who is the #1 producer of oil in the world?
List of countries by oil production
| Rank | Country | Oil production per capita 2017 (bbl/day/million people) |
|---|---|---|
| 1 | United States | 35,922 |
| 2 | Russia | 73,292 |
| 3 | Saudi Arabia (OPEC) | 324,866 |
| 4 | Canada | 100,931 |
What are the top 10 oil-producing countries?
Top ten countries by oil production
- USA – 12,000,000bbl/day. …
- Russia – 11,200,000bbl/day. …
- Saudi Arabia – 11,113,710bbl/day. …
- Iraq – 4,451,516bbl/day. …
- Iran – 3,990,956bbl/day. …
- China – 3,980,650bbl/day. …
- Canada – 3,662,694bbl/day. …
- United Arab Emirates – 3,106,077bbl/day.
Which country has the largest oil in the world?
1. Venezuela – 304 billion barrels. Venezuela has the largest oil reserves of any country in the world, with more than 300 billion barrels of proven reserves.
Who has most oil in world?
Oil Reserves by Country
| # | Country | World Share |
|---|---|---|
| 1 | Venezuela | 18.2% |
| 2 | Saudi Arabia | 16.2% |
| 3 | Canada | 10.4% |
| 4 | Iran | 9.5% |
Who is the biggest exporter of oil?
Searchable List of Crude Oil Exporting Countries in 2019
| Rank | Exporter | 2018-9 |
|---|---|---|
| 1. | Saudi Arabia | +0.01% |
| 2. | Russia | -5.9% |
| 3. | Iraq | -9.8% |
| 4. | Canada | +1.7% |
What is the best oil in the world?
The best crude oil in the world is found in Malaysia. “Tapis, the Malaysian crude benchmark traded in Singapore, has for a long time held the title of the world’s most expensive grade.
What are the top 5 oil consuming countries?
Main oil consuming countries: ranking by per capita consumption (2018) In 2018, Saudi Arabia, the USA, Canada, South Korea, Japan, Germany, Russia, Brazil, China and India were the top 10 oil consuming countries (see chart World top 10 oil consumers in 2018).
Where does US get most of its oil?
In 2019, Canada was the source of 49% of U.S. total gross petroleum imports and 56% of gross crude oil imports.
- The top five sources of U.S. total petroleum (including crude oil) imports by share of total petroleum imports in 2019 were.
- Canada49%
- Mexico7%
- Saudi Arabia6%
- Russia6%
- Colombia4%
Which country is rich in oil?
The Kingdom of Saudi Arabia is often cited as the world’s largest oil producer. The country produces 13.24% of the oil consumed in the entire world daily. Saudi Arabia has the second-largest reserves of naturally occurring oil in the world after Venezuela.
Does Canada use its own oil?
All gasoline comes from crude oil. … Refineries in western Canada process exclusively domestic oil due to their proximity to inexpensive WCSB production. These refineries process more oil sands synthetic crude and bitumen than refineries elsewhere in Canada.
How much oil is left in the world?
There are 1.65 trillion barrels of proven oil reserves in the world as of 2016. The world has proven reserves equivalent to 46.6 times its annual consumption levels. This means it has about 47 years of oil left (at current consumption levels and excluding unproven reserves).
Does the earth make oil?
By most estimates, there’s enough natural gas to produce about 1.6 trillion barrels of oil. … Still, the figure offers a hint at the extent of the world’s reserves: more than all the petroleum ever consumed — roughly 830 billion barrels — and enough to fuel the world for some 60 years at current rates of consumption.
Which country has the cheapest fuel?
Venezuela is the world’s cheapest country to buy petrol, where amazingly it costs just 2 pence (GBP) a litre. This is because it’s home to some of the biggest oil reserves in the world.