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.
What countries are the top 10 producers of oil?
Top 10 Oil-producing Countries
- United States. Production: 17,886,000 bpd. …
- Saudi Arabia. Production: 12,419,000 bpd. …
- Russia. Production: 11,401,000 bpd. …
- Canada. Production: 5,295,000 bpd. …
- China. Production: 4,816,000 bpd. …
- Iraq. Production: 4,616,000 bpd. …
- Iran. Production: 4,471,000 bpd. …
- United Arab Emirates. Production: 3,791,000 bpd.
Who has the most oil in the world 2020?
|Proven reserves (millions of barrels)||U.S. EIA (start of 2020)|
|Venezuela (see: Oil reserves in Venezuela)||1||302,809|
|Saudi Arabia (see: Oil reserves in Saudi Arabia)||2||267,026|
|Canada (see: Oil reserves in Canada)||3||167,896|
Who is the number 1 producer of oil?
List of countries by oil production
|Rank||Country||Oil production per capita 2017 (bbl/day/million people)|
|3||Saudi Arabia (OPEC)||324,866|
Who is the biggest exporter of oil?
Searchable List of Crude Oil Exporting Countries in 2019
Who owns the most oil in the world?
Venezuela has the largest oil reserves of any country in the world, with more than 300 billion barrels of proven reserves.
Can Saudi Arabia survive without oil?
Dubbed Vision 2030, the wide-ranging initiative unveiled with fanfare in 2016 aims to diversify the oil-dependent economy and attract foreign investment. … When he first launched his vision, Prince Mohammed said Saudi Arabia would be able to survive without oil by 2020.
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.
Who is the richest oil company?
China’s Sinopec Group ranks first on the list of the world’s leading oil and gas companies of 2019 with revenues of more than US$430 billion, ahead of Shell and Saudi Aramco.
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.
- Saudi Arabia6%
Is America self sufficient in oil?
“We are not energy independent. We consume roughly 20 million barrels of crude oil each day. We only produce about 12.5 million barrels of crude oil each day.” Hirs said it is true that much of what the U.S. imports now comes from regions more stable than the Middle East.
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.
Who is America’s biggest oil supplier?
The top five source countries of U.S. gross petroleum imports in 2019 were Canada, Mexico, Saudi Arabia, Russia, and Colombia.
How much oil is left in Saudi Arabia?
Oil Reserves in Saudi Arabia
Saudi Arabia has proven reserves equivalent to 221.2 times its annual consumption. This means that, without Net Exports, there would be about 221 years of oil left (at current consumption levels and excluding unproven reserves).