It is the third largest energy user. Russia produced an average of 10.83 million barrels (1,722,000 m 3) of oil per day in December 2015. It produces 12% of the world's oil and has a similar share of global oil exports. Barrels per day: 2,399,000. Iraq produces 2.3 million barrels of oil each day, and exports 1.9 million barrels. Some reports suggest that Iraq will become increasingly important to meet the world's demand for oil, especially in light of recent oil spills. As of early 2015, the IEA Oil Market Report forecast average demand for the year of more than 93 million barrels of oil and liquid fuels per day worldwide – that works out to more than 34 billion barrels a year – with January 2015 production totalling just over 94 million barrels per day. Unlike 1970, U.S. oil production in 2018 is on an upswing, and U.S. shale and other producers are expected to add more than 1 million barrels a day this year alone for an average production rate Under this definition, total world oil production in 2019 averaged 80,622,000 barrels per day. Approximately 68% came from the top ten countries, and an overlapping 44% came from the fourteen current OPEC members, in the table below. U.S. crude oil production exceeded an average 7 million barrels per day (bbl/d) in November and December 2012, the highest volume since December 1992. The end-of-year data were reported on Barrels per day (B/D) is a measure of oil output, represented by the number of barrels of oil produced in a single day. For example, you might hear "country ABC has the potential to produce five million barrels per day.". The abbreviation "bbl/d" can also be used to represent this production measure.
Each of these countries experienced major production declines at different times in the past, but since 2014 all three have been producing near their peak rates of 9 to 11 million barrels per day. Saudi Arabia and Russia also top the list of oil exporting countries, while Russia is not a member of OPEC. As of October 2017, the US produces almost 9 million barrels of crude oil each day. This compares to Russia and Saudi Arabia who both produce over 10 million a day, and Iraq and Iran who both As of October 2017, the US produces almost 9 million barrels of crude oil each day. This compares to Russia and Saudi Arabia who both produce over 10 million a day, and Iraq and Iran who both
Iraq produces about 4.5 million barrels of oil per day and is the fourth-largest producer in the world. The country has achieved substantial production gains since 2005, two years after the start
5 Apr 2019 Venezuela has the largest oil reserves of any country in the world, ongoing war with Iraq and a lack of significant investments, among others. Kuwait has been producing from the field since 1938. Nigeria is the largest oil producer in Africa, with a daily capacity of more than 2.5 million barrels per day.
5 Mar 2020 Hammered by the coronavirus, OPEC opted to cut oil production and shore up take the group's production to the lowest level since the Iraq War. their operations by as many as 4 million barrels a day, a sign of vanishing Crude oil - production is the total amount of crude oil produced, in barrels per Rank, Country, (BBL/DAY), Date of Information 4, Iraq, 4,452,000, 2016 est. 3 Jan 2020 The United States enters 2020 on the verge of producing more oil than barrels of oil per day, which is only marginally more than Iraq's output. 31 Jan 2020 By February 2002, Iraqi oil production had recovered to about 2.5 million barrels per day. Iraqi officials had hoped to increase the country's oil The Middle East region supplied about 29% of the 3.4 billion barrels of crude oil that crude oil production capacity of around 10.0–10.5 million barrels per day ( bbl/d) Iraq is estimated to hold more than 115 billion barrels of proven oil reserves, and possibly much more undiscovered oil in unexplored areas of the country.