Oil is the most important commodities these days around the whole world. It is very functional source of energy and its fabrication extracted in a raw form on a daily basis by heavy machinery. Oil is playing its key role in our standard of living in which transport is the largest part of using and heavy industries required either the most.
Graph is Showing Millions of Production By Country
Some major countries are involved in import and export of oil in a huge quantity to let them generate revenue for their government. Its demand and supply increasing day to day because no country in the world has not the need of oil. Some are producing by their own resources and some are exporting to those whom are not able to produce as they required for their transportation, Industries and others.
Importance of oil can’t denied and it is called “Black Gold” by its worth. Top producers of oil countries are listed below.
Importance of oil can’t denied and it is called “Black Gold” by its worth. Top producers of oil countries are listed below.
Rank | Country | BBL Production Per / Day | Share of Production % |
1 | Russia | 10,730,000 | 12.65 % |
2 | Saudia Arabia | 9,570,000 | 11.28 % |
3 | United States | 9,023,000 | 10.74 % |
4 | Iran | 4,231,000 | 4.77 % |
5 | China | 4,073,000 | 4.56 % |
6 | Canada | 3,592,000 | 3.90 % |
7 | Iraq | 3,400,000 | 3.75 % |
8 | United Arab Emirates | 3,087,000 | 3.56 % |
9 | Venezuela | 3,023,000 | 4.74 % |
10 | Mexico | 2,934,000 | 3.56 % |
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