The eighth largest producer of oil is Kuwait. unlike many oil producing countries, this Western Asian nation experienced a serious drop in oil production rates between 2016 and 2017. In the year 2016, Kuwait derived 3,072,000 barrels per day of oil, compared to the rate of 2,652,000 BPD in 2017. This is a list of top 10 oil-producing countries in the world as of 2020. The United States, Russia, and Saudi Arabia still remain the top three highest oil-producing countries in the world according to the latest report by The U.S. Energy . Production: 17,886,000 bpd. Number one on this list of the top 10 oil-producing countries is the US. It produced the most oil in 2018, with output increasing from 15,647,000 bpd in 2017 to 17,886,000 bpd in 2018. The US has been described as a swing producer because its production fluctuates alongside market prices. Notes: On December 18, 2015, the U.S. enacted legislation authorizing the export of U.S. crude oil without a license. Exports to embargoed or sanctioned countries continue to require authorization. Exports to embargoed or sanctioned countries continue to require authorization. But of the largest producing OPEC countries, only Saudi Arabia and Iraq are exporting more oil than the U.S. did last week, according to John Kilduff, partner with Again Capital. In June, he said Saudi Arabia exported about 7.5 million barrels a day and southern Iraq exported 3.6
Prior to December 2015, crude oil exports were restricted to: (1) crude oil derived from fields under the State waters of Cook Inlet of Alaska; (2) Alaskan North Slope crude oil; (3) certain domestically produced crude oil destined for Canada; (4) shipments to U.S. territories; and (5) California crude oil to Pacific Rim countries. The listed 15 countries shipped 98.7% of all Japanese crude oil imports in 2018. Among the above countries, the three top suppliers of crude oil expanded their sales to Japan since 2014 were: United States (up 4,288%), Kazakhstan (up 684%) and Mexico (up 272.1%). The Kingdom of Saudi Arabia contributes 12.39 million b/d, representing 12.7% of the world's total production. Saudi Arabia is the only member of the Organization of the Petroleum Exporting Countries (OPEC) to make this list.
This is a list of oil-producing countries by oil exports based on The World Factbook [1] and other Sources. Many countries also import oil, and some import more This is a list of countries by net oil exports based on The World Factbook and other sources. "Net export" refers to the export minus the import. Note that the net 23 Oct 2019 Officially known as the Kingdom of Saudi Arabia, the country of Saudi Arabia is the world's number one oil exporter and the country with the OPEC - Organization of the Petroleum Exporting Countries OPEC Member Countries have made significant additions to their oil reserves in recent years, for 8 Mar 2020 Countries. Below are the 15 countries that exported the highest dollar value worth of crude oil during 2018. Saudi Arabia: US$182.5 billion (
22 May 2009 Cooperation Among Oil Exporting Countries with Special Reference to Arab Countries: a Political Economy Analysis - Volume 28 Issue 1
Saudi Arabia is the top country by exports of crude oil in the world. As of December 2019, exports of crude oil in Saudi Arabia was 7,373 thousand barrels per day. The top 5 countries also includes Iraq, the United States of America, Canada, and Kuwait.