Question: Who is the largest producer and consumer of oil?

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%

Who are the top 3 producers of oil?

According to the most recent data, the top five oil-producing nations are the U.S., Saudi Arabia, Russia, Canada, and China.

Who is the biggest oil producer 2020?

Top 10 oil producers in 2020

  • United States: 19.51 million bpd.
  • Saudi Arabia: 11.81 million bpd.
  • Russia: 11.49 million bpd.
  • Canada: 5.50 million bpd.
  • China: 4.89 million bpd.
  • Iraq: 4.74 million bpd.
  • United Arab Emirates (UAE): 4.01 million bpd.
  • Brazil: 3.67 million bpd.

Who produces the most oil 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

Who are the world’s top 5 oil consumers?

The Top Ten: Top Oil Consumers

Rank Consumers Total Oil Consumption
1. United States 20
2. China 13.6
3. India 4.3
4. Japan 3.9

Who has the most oil in the world 2020?

Venezuela has the largest amount of oil reserves in the world with 300.9 billion barrels. Saudi Arabia has the second-largest amount of oil reserves in the world with 266.5 billion barrels. Despite Venezuela’s large supply of natural resources, the country still struggles economically and its people are going hungry.

IMPORTANT TO KNOW:  What is a common gasoline additive?

Who is the number 1 oil producing country?

Top ten largest oil-producing countries in 2019

  1. United States – 17 million barrels per day. …
  2. Saudi Arabia – 11.8 million barrels per day. …
  3. Russia – 11.5 million barrels per day. …
  4. Canada – 5.6 million barrels per day. …
  5. Iraq – 4.8 million barrels per day. …
  6. United Arab Emirates – 4 million barrels per day.

Which country is the first largest oil producer in the world?

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.

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).

Oil and Gas Blog