Don't have an account? Top ten largest oil-producing countries in 1. Saudi Arabia — Russia — Canada — 5. In , the country produced more than 5. Iraq — 4. United Arab Emirates — 4 million barrels per day The United Arab Emirates UAE has grown in stature as a global oil producer in recent years, and in hit an output of around four million bpd.
Read more. This was the highest amount made by any crude oil exporting country that year and corresponded to a What is crude oil and who are the largest producers? Crude oil is unrefined petroleum that is made up of hydrocarbons as well as other organic materials.
It is a fossil fuel that can be refined to create products such as transportation and heating fuels, as well as plastics, resins, solvents, and lubricants. It is a nonrenewable resource, meaning that there is a limited amount of it on Earth and it cannot be replaced naturally at the same rate as our current global consumption. In , global oil production reached 4. As the U. The U. You need a Single Account for unlimited access. Full access to 1m statistics Incl. Single Account.
View for free. Show source. Show detailed source information? Register for free Already a member? Venezuela has suffered food shortages, runaway inflation and violent street clashes, as President Nicolas Maduro has prioritized paying international creditors. President Donald Trump has threatened to terminate an international nuclear pact with Iran and if the U.
Congress agrees, Tehran could be placed under renewed sanctions, affecting international companies' ability to do business in and with the oil-rich country. Approximately 40 percent of the country's GDP is directly based on oil and gas output.
Canada exports just over 3. Canada has the world's third-largest oil reserves. OPEC and Russian officials have called on some of the world's leading oil producers, both inside and outside the cartel, to form a consensus and back a supply curb until the end of And while Iraq is OPEC's second-biggest producer and exporter of oil, Baghdad has yet to drive down output to levels it agreed to last winter.
Russia, the world's largest oil exporter outside of the oil-producing cartel, pumped more than 5. Exclusive Premium functionality. Register in seconds and access exclusive features.
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Corporate solution including all features. Statistics on " Oil industry worldwide " The most important statistics. The most important statistics.
Further related statistics. Further Content: You might find this interesting as well. Statistics U. Topics Global oil industry. Learn more about how Statista can support your business.
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