10 Largest Oil Producing Countries in the World
Education10 Largest Oil Producing Countries in the World
These are the ten largest oil producing countries in the world based upon average daily production of crude oil. Some people will be very surprised that the United States is the third largest producer of oil in the world but the United States does consume far more oil than it produces since it is the largest economy in the world by a large margin. When most people think of oil and countries they think of the Middle East which does have four of the top ten oil producing countries in the world.
1) Saudi Arabia - 10.8 million barrels of oil per day
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Saudi Arabia is the largest country in the Middle East and 14th largest country in the world and the number one producer of crude oil with average daily production of around 10.8 million barrels per day.
2) Russia - 9.8 million barrels per day
Image Source (Moscow Business Center)
Russia is the largest country in the world by area by a large margin and the second largest producer of crude oil in the world at 9.8 million barrels per day.
3) United States - 8.5 million barrels per day
The United States is the 3rd largest producer of oil in the world which surprises many people and of course the United States leads all countries in daily consumption of oil. The United States is the 4th largest country in the world by size and produces 8.5 million barrels of oil a day.
4) Iran - 4.2 million barrels of oil per day
Image Source (Oil and gas field in Iran)
Iran is the 4th largest producer of oil in the world and 2nd largest oil producer in the Middle East at 4.2 million barrels per day. Iran is the 18th largest country in the world in size.
5) China - 4 million barrels of oil per day
China is the 5th largest producer of oil in the world at 4 million barrels per day and the 3rd largest country in the world by size. China is actively increasing its oil production to meet its own increasing demand from its rapidly growing economy which just overtook Japan as the 2nd largest economy in the world after the United States.
6) Canada - 3.4 million barrels per day
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Canada is the 6th largest producer of oil in the world at 3.4 million barrels per day and the 2nd largest country in the world by land size.
7) Mexico - 3.2 million barrels per day
Mexico is the 7th largest producer of crude oil in the world at 3.2 million barrels per day and the 15th largest country in the world in size.
8) United Arab Emirates - 3.1 million barrels per day
United Arab Emirates is the 8th largest producer of oil in the world and 3rd largest producer in the Middle East with an average of 3.1 million barrels produced daily. The United Arab Emirates is only the 115th largest country in the world so it has a great concentration of oil under its soil.
9) Kuwait - 2.7 million barrels of oil per day
Kuwait is the 9th largest producer of crude oil in the world and 4th largest oil producer in the Middle East. With a land mass that ranks just 156th in the world Kuwait has the most oil per square mile of any of the countries in the top ten and one of the largest concentrations of oil in the world.
10) Venezuela - 2.6 million barrels per day
Image Source (Citgo is owned by Venezuela)
Rounding out the list of top ten oil producing countries in the world is Venezuela at 2.6 million barrels per day. Venezuela is the 33rd largest country in the world by land mass.
For more see Largest Economies in the World
United States Main Imports and Trading Partners
United States Main Exports and Trade Partners
Sources: http://en.wikipedia.org/wiki/Petroleum