Top 5 oil-producing countries 1980–2022 World oil production. This is a list of countries by oil production (i.e., petroleum production), as compiled from the U.S. Energy Information Administration database for calendar year 2023, tabulating all countries on a comparable best-estimate basis.. Compared with shorter-term data, the full-year figures are less prone to …

Oct 29, 2024 · 1. United States Production: 21.91 million barrels per day (includes crude oil and liquids) The US is the largest oil-producing country in the world, with output of 21.91 million barrels per day ...

Sep 23, 2023 · Meanwhile, the top 10 oil producers, including those ranked 6th to 10th—China, UAE, Iran, Brazil, and Kuwait—are responsible for more than 70% of the world’s oil production. Notably, all top 10 oil giants increased their production between 2021–2022, and as a result, global output rose 4.2% year-on-year. Major Oil Producing Regions in ...

As we mentioned in our article – Oil and Gas Production by State: Top 15 – the global oil and gas market was valued at $6.99 trillion in 2022, and is expected to grow to $8.67 trillion by 2027 ...

Sep 21, 2023 · Ranked: Oil Production By Country, in 2022. The U.S. has been the world’s biggest oil producer since 2018 and continued its dominance in 2022 by producing close to 18 million barrels per day (B/D). This accounted for nearly one-fifth of the world’s oil supply. Almost three-fourths of the country’s oil production is centered around five states: Texas, New …

Oct 6, 2024 · The United States has become the world's top producer of crude oil and petroleum liquids, averaging just under 22 million barrels per day to account for 22% of the world’s production in 2023.

Nov 20, 2024 · The United States is the world’s largest oil producer. The chart shows annual production by country from 1990 to 2023. The US has been the largest producer for the last seven years. Production in the US gradually declined during the 1990s and early 2000s but increased steeply again post-2010 and is now at an all-time high.

Mar 26, 2024 · Recently, Saudi Arabia’s state-owned Saudi Aramco scrapped plans to increase production capacity to 13.0 million barrels per day by 2027. In 2024, analysts forecast that the U.S. will maintain its position as the top oil producer.

Dec 29, 2024 · Top Oil-Producing Countries. The total world oil production reached 101.81 million barrels per day (bpd) as of April 2024, with the top ten oil-producing countries contributing approximately 74.59 ...

Five of the world’s top 10 oil-producing countries—Saudi Arabia, Iran, Iraq, United Arab Emirates, and Kuwait—border the Persian Gulf, as does Qatar, the world’s largest liquefied natural gas (LNG) exporter. The Strait of Hormuz is their only sea route to …