More than 95 million barrels of oil per day were pumped globally in 2019, with largest oil producing nations ranging from Saudi Arabia to Brazil.
The world largest oil producing countries are important since they play a significant role on the world stage.
According to BP statistical review of world energy 2020, more than 95 million barrels per day (pbd) were produced in 2019 roughly the same level in 2018 and 17% increase compared to ten years earlier. Many countries are members of the Opec group of oil exporting countries, an organization that have keep tight control over global oil production since it was established in 1960 as a means to support oil price and ensure stable revenue for its membership.
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However, here are powerful nations that dominates world production of this fuel. And they are:
1. United States – 17 million barrels per day
A statistical analysis in 2017 shows that the U.S. became the world largest oil producing country in world overtaking Saudi Arabia to claim the spot.
About 69% of US crude oil came from five states they were Texas, North Dakota, New Mexico, Oklahoma and Colorado.
2. Saudi Arabia – 11.8 million barrels per day
The Kingdom of Saudi Arabia occupies the second position on the list of top-oil producing countries with a national output of around 11.8 million as 2019. The country is world’s largest exporter of crude oil and the leader of Opec group.
3. Russia – 11.5 million barrels per day
Just like Saudi Arabia, the country Is a significant exporter of crude oil to the global market and is also among the leaders of Opec. Most of her export are sent to China, as well as some key European markets including the Netherlands and Germany.
4. Canada – 5.6 million barrels per day
Canada is has the world’s third largest oil reserve. In 2019 the country produced more than 5.6 million bpd, almost 6% of the total global output.
5. Iraq – 4.8 million barrels per day
Iraq is a home to a vast resources of Hydrocarbon most of the countries oil exploration takes place in giant oil fields.