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Crude oil is a naturally occurring unrefined liquid fossil fuel. Basically, it is a complex mixture of hydrocarbons that are formed as a result of ancient organic matter under intense heat and pressure deep within the Earth.
Crude oil is in high demand across the world. It serves as the primary source for transportation fuels like gasoline, diesel and jet fuel. In this blog post, we shall provide you with the list of top 10 oil producing countries in the world.
The list of countries that are often regarded as the top 10 oil producing countries in the world is provided below. Please note that we have used worldometers.info for ranking reference. :-
Yearly Oil Production (Barrels per day) :- 14,837,639,510
The United States is the world’s leading oil producing country due to the technological advancements of the shale revolution. Methods like fracking and horizontal drilling are used to extract oil and natural gas from tight rock formations (shale) from places that were hard to reach before.
Since the late 2000s, the US has greatly increased oil production even beating oil giant countries like Russia and Saudi Arabia. The US has oil reserves in Texas, New Mexico, North Dakota, California and the federal offshore waters in the Gulf of Mexico. It exports oil to numerous countries, including Mexico, China, Canada, the Netherlands, South Korea and Japan.
Yearly Oil Production (Barrels per day) :- 12,402,761,040
Saudi Arabia is the second largest oil producing country in the world. It is the largest oil producing country in the Middle East. Saudi Arabia leads in oil because it has huge confirmed reserves and a very efficient state-owned company Saudi Aramco. It also plays a major role in the Organization of the Petroleum Exporting Countries (OPEC), giving it power to influence global oil prices. With extra production capacity and advanced storage systems, it remains a key player in the energy market of the world.
Saudi Arabia oil reserves are in its Eastern Province. This province is home to the world's largest onshore oil field Ghawar. In addition, the province also has other significant fields like Zuluf, Marjan and Berri. All of these fields are owned and managed by Saudi Aramco. Saudi Arabia exports oil to many countries, including China, India, Japan and South Korea.
Yearly Oil Production (Barrels per day) :- 11,262,746,200
Russia is one of the largest oil producing countries in the world. It has large reserves mainly in its province called Siberia. It has a long history of oil exploration and a major state supported company Rosneft. Over many years, the country has built strong infrastructure including pipelines and ports to support oil exports to other countries.
Even though it faces logistical and geographic challenges, Russia remains a major supplier of cruel oil. Its economy depends quite heavily on energy exports. Its biggest buyers are China and India, along with significant exports to Türkiye.
Yearly Oil Production (Barrels per day) :- 4,905,070,874
China is one of the largest producers of oil in the world. However, it is also one of the largest oil consumers in the world. China is a major oil producer because of large state-led investments in exploration, especially offshore. The country has also made big technological advancements and focuses heavily on energy self reliance.
Even though it is the world’s largest net importer of oil, its domestic production helps support its huge strategic reserves as well as meet its massive energy demand. This makes China a significant player in the global oil market.
Yearly Oil Production (Barrels per day) :- 4,596,724,820
Canada is one of the top 10 oil producing countries in the world. It is a top oil producer because it has huge oil sands in Alberta. This province contains the world’s third largest proven reserves (mostly heavy bitumen). It also has important conventional and offshore oil fields in Saskatchewan and Newfoundland.
Together, these resources make Canada a major global supplier. The top exporting country for Canadian crude oil is the United States. It receives most of Canadian crude exports. Canada also exports small amounts to the Netherlands, UK, Germany and China.
Yearly Oil Production (Barrels per day) :- 4,443,457,393
Iraq is one of the top 10 oil producing countries in Middle East. Iraq is a top oil producer because it has huge easy to access oil reserves. The geology of this Middle Eastern nation allows for low cost drilling. It has several supergiant oil fields like Rumaila, West Qurna, Majnoon, South Rumaila and North Rumaila.
Iraq is an important member of OPEC. Also, it is one of the top players when it comes to the global energy market. Even with economic challenges, international investment in the country continues to boost its production capacity.
Yearly Oil Production (Barrels per day) :- 4,376,194,355
Another country in our list of top oil producing countries in the world is Iran. It is one of the top 10 oil producing countries in the Middle East and is a member of OPEC. It has massive proven oil reserves, most of which are situated in its province Khuzestan (approx. 70%) and offshore in the Persian Gulf.
Iran is one of the leading players within the global energy market. When it comes to exploration and production, it has more than a century of history. The Middle East's first oil discovery was in Masjedsoleyman, Iran, in 1908. The largest buyer of Iran’s crude oil is China. It also exports to the UAE, Syria and Venezuela.
Yearly Oil Production (Barrels per day) :- 3,772,788,273
The UAE is a major oil producer because it has some of the largest proven oil reserves in the world. Most of these reserves are in Abu Dhabi, which holds around 96% of the country’s oil. Major fields like Zakum are based there. Other emirates in the UAE like Dubai and Sharjah also produce oil but in much smaller amounts. The country is one of the top 10 crude oil producing countries in the world.
Abu Dhabi remains the main hub for oil production with production managed by ADNOC (Abu Dhabi National Oil Company). The UAE exports crude oil and refined petroleum to many countries. Key buyers of the UAE’s crude oil are India, China, Japan, South Korea, Iraq, Saudi Arabia, Turkey and South Africa.
Yearly Oil Production (Barrels per day) :- 3,242,957,836
Brazil, a South American country, is a leading producer of oil and is in the list of top oil producing countries in the world. The country’s major oil reserves are located offshore mainly in the Campos Basin and the deeper Santos Basin, off the southeastern coast.
Brazil is the largest oil producer in South America. It exports oil to China, the United States, Spain, the Netherlands, India and Portugal. Out of these countries, China is the largest buyer of Brazil’s oil.
Yearly Oil Production (Barrels per day) :- 2,990,544,137
Kuwait is one of the largest producers of oil in the Middle East as well as in the world. The country is one of the founding members of OPEC and holds massive oil reserves primarily located in Burgan Field, which is a world-class reservoir. Its oil is easily accessible as well as cheap to extract.
It was in February 1938 that oil was first discovered in commercial quantities in the Burgan field. Kuwait exports oil and refined petroleum products to many countries across the world, including China, India and Japan.
In this blog post, we discussed the top 10 oil producing countries in the world. They are :- (i) United States, (ii) Saudi Arabia, (iii) Russia, (iv) China, (v) Canada, (vi) Iraq, (vii) Iran, (viii) United Arab Emirates, (ix) Brazil and (x) Kuwait. Each of these countries has reserves that are essential for oil production. They export oil and petroleum products to many countries across the world.
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Q1. What are the top 10 oil producing countries?
A. The top 10 oil producing countries are as follows :- (i) United States, (ii) Saudi Arabia, (iii) Russia, (iv) China, (v) Canada, (vi) Iraq, (vii) Iran, (viii) United Arab Emirates, (ix) Brazil and (x) Kuwait.
Q2. Who is the biggest producer of oil in the world?
A. The United States is the biggest producer of oil in the world.
Q3. How many nations are part of OPEC?
A. Organization of the Petroleum Exporting Countries has 12 member nations, namely, (i) Algeria, (ii) Republic of Congo, (iii) Equatorial Guinea, (iv) Gabon, (v) Iran, (vi) Iraq, (vii) Kuwait, (viii) Libya, (ix) Nigeria, (x) Saudi Arabia (de facto leader), (xi) United Arab Emirates and (xii) Venezuela.
Disclaimer :- The rankings mentioned in this blog post titled ‘Top 10 Oil Producing Countries’ are based on Worldometers’ data. These rankings are subject to change. We don’t claim any responsibility regarding the accuracy, completeness or timeliness of the information provided herein. We advise readers to refer to official and updated sources instead of relying on these rankings for any decisions.
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