Frequent question: Which is the largest oil producing country in the world?

Country Million barrels per day Share of world total
United States 18.60 20%
Saudi Arabia 10.82 11%
Russia 10.50 11%
Canada 5.26 6%

What country produces the most oil in 2021?

Oil Producing Countries 2021

Country Crude Oil Production (thousands barrels per day) 2021 Population
United States 12,108 332,915,073
Russia 10,835 145,912,025
Saudi Arabia 9,580 35,340,683
Iraq 4,620 41,179,350

Which country is the 2nd largest oil producer in the world 2020?

List of countries by oil production

Country Oil production 2020 (bbl/day) Oil production per capita 2017 (bbl/day/million people)
United States 11,307,560 35,922
Russia 9,865,495 73,292
Saudi Arabia (OPEC) 9,264,921 324,866
Canada 4,201,101 100,931

Is America self sufficient in oil?

Energy independence is highly concerned with oil, the source of the country’s principal transport fuels. In total energy consumption, the US was between 86% and 91% self-sufficient in 2016. In May 2011, the country became a net exporter of refined petroleum products.

Who is the biggest exporter of oil?

Searchable List of Crude Oil Exporting Countries in 2020

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Rank Exporter 2019-20
1. Saudi Arabia -32.56%
2. Russia -40.2%
3. Iraq -38.7%
4. United States -23%

Who owns the most oil in the world?

Oil Reserves by Country

# Country Oil Reserves (barrels) in 2016
1 Venezuela 299,953,000,000
2 Saudi Arabia 266,578,000,000
3 Canada 170,863,000,000
4 Iran 157,530,000,000

How much oil is left in the world?

The Organization for Petroleum Exporting Countries reports that there are 1.5 trillion barrels of crude oil reserves left in the world. These are proven reserves that are still capable of being extracted by commercial drilling.

Where does America get most of its oil?

Saudi Arabia, the largest OPEC exporter, was the source of 7% of U.S. total petroleum imports and 8% of U.S. crude oil imports. Saudi Arabia is also the largest source of U.S. petroleum imports from Persian Gulf countries.

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).

Who has the most oil in the world 2020?

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.

What are the top 20 oil producing countries?

Country Comparison > Oil – production > TOP 20

Rank Country Oil – production (bbl/day)
1 United States 10,962,000
2 Russia 10,759,000
3 Saudi Arabia 10,425,000
4 Iraq 4,613,000

Can the United States be self-sufficient?

Yes, it is possible for the US to be self-sufficient in about 95% of its consumption, and the other 5% are things which we could easily live without, such as certain tropical fruits that simply will not grow, or the limited mineral iridum that makes up many solar panels.

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