What are the top 5 oil producing countries percent
What countries are the top producers and consumers of oil
| Country | Million barrels per day | Share of world total |
|---|---|---|
| United States | 20.21 | 20% |
| Saudi Arabia | 12.14 | 12% |
| Russia | 10.94 | 11% |
| Canada | 5.70 | 6% |
What are the top 4 oil producing countries
Top 10 oil producing countries
| Country | Barrels per Day |
|---|---|
| United States | 12,600,000 |
| Saudi Arabia | 11,800,000 |
| Russia | 11,000,000 |
| Canada | 5,500,000 |
What country consumes the most oil
The U.S.
The U.S. is currently both the largest producer and the largest consumer of crude oil in the world, with highly populated countries like China and India following close behind. If you would like to learn more about oil consumption by country, please refer to the data in the map and charts.
What country provides most of the oil for Asia
China is the largest producer of oil in the Asia-Pacific region, as the country produced close to 4 million barrels of oil per day in 2021.
Who has the best oil in the world
Lightest, Low-Sulfur, Low Tan Crude Oil Deposits in the World. The best crude oil in the world is found in Malaysia. “Tapis, the Malaysian crude benchmark traded in Singapore, has for a long time held the title of the world's most expensive grade.
Who is the largest oil producer in Asia
The biggest oil producers in Asia are China, India, and Indonesia. China accounts for more than half of the total production in Asia and imports additional oil to meet domestic demand. Malaysia and Thailand are also among the largest oil producers in Asia.
Which 3 countries lead the world in oil consumption
Oil Consumption by Country
| # | Country | World Share |
|---|---|---|
| 1 | United States | 20.3 % |
| 2 | China | 13.2 % |
| 3 | India | 4.6 % |
| 4 | Japan | 4.1 % |
Who imports the most oil in the world
In 2021, Europe imported more oil and its products than any other region across the globe, at roughly 13.5 million barrels per day. China followed closely as the second-largest importer, with 12.7 million daily barrels.
Who is the largest user of oil in the world
The United States
The United States and China are the top largest consumers of oil in the world, totaling 18.7 million and 15.4 million barrels per day, respectively.
Who has the most oil in Asean
Indonesia
In 2022, Indonesia had the highest crude oil production, followed by Malaysia and Vietnam.
Is Indonesia oil rich
Within Indonesia, there are considerable amounts of oil in Sumatra, Borneo, Java, and West Papua Province. There are said to be around 60 basins across the country, only 22 of which have been explored and exploited. Main oil fields in Indonesia include the following: Minas.
Who has the most oil in Asia
China
China is the largest producer of oil in the Asia-Pacific region, as the country produced close to 4 million barrels of oil per day in 2021. In the same year, India produced the second highest amount of oil with a production of 746 thousand barrels per day.
Who holds 80% of the world’s oil
Key Takeaways
Approximately 80% of the world's oil reserves are in the Organization of the Petroleum Exporting Countries (OPEC). The Strategic Petroleum Reserve (SPR) is an emergency supply of crude oil that can be used to offset a severe oil supply shortage in the United States.
What country in Asia is rich in oil
China
Key Takeaways. The biggest oil producers in Asia are China, India, and Indonesia. China accounts for more than half of the total production in Asia and imports additional oil to meet domestic demand. Malaysia and Thailand are also among the largest oil producers in Asia.
What part of Asia is rich in oil
Petroleum and natural gas
Western Asia has the largest known oil reserves, located in Saudi Arabia, Iraq, Kuwait, Iran, Qatar, and the United Arab Emirates. Other regions in Southwest Asia have limited amounts of oil, and known petroleum reserves on the Indian subcontinent are small as well.
Who is the 2nd largest oil importer in the world
China
In 2021, Europe imported more oil and its products than any other region across the globe, at roughly 13.5 million barrels per day. China followed closely as the second-largest importer, with 12.7 million daily barrels.
Who is the world’s largest exporter of oil
Saudi Arabia
Saudi Arabia has consistently been the world's top oil exporter, with an estimated 11 million barrels per day (bpd) in 2023. The country has the largest oil reserves globally, and its oil production accounts for nearly a third of the global oil supply.
What are the richest oil countries in Asia
The biggest oil producers in Asia are China, India, and Indonesia. China accounts for more than half of the total production in Asia and imports additional oil to meet domestic demand. Malaysia and Thailand are also among the largest oil producers in Asia.
Is Indonesia Poor or rich
Economy of Indonesia
| Country group | Developing/Emerging Lower-middle income economy Newly industrialized country |
| Statistics | |
|---|---|
| Population | 277,749,853 (2022) |
| GDP | $1.39 trillion (nominal; 2023 est.) $4.39 trillion (PPP; 2023 est.) |
| GDP rank | 16th (nominal; 2023 est.) 7th (PPP; 2023 est.) |
Who owned 90% of the oil industry
Rockefeller
In the end, Rockefeller made a deal with the other company, which gave Standard Oil ownership of nearly all the oil pipelines in the nation. By 1880, Standard Oil owned or controlled 90 percent of the U.S. oil refining business, making it the first great industrial monopoly in the world.
Who controlled 90% of the oil industry
Rockefeller
In 1882, Standard Oil Trust created a network of Standard Oil companies throughout the country, led by a board of trustees, where Rockefeller owned over one third of the certificates. By the late 1880s, Standard Oil controlled 90% of American refineries.
Which Asia has the largest oil
China is the largest producer of oil in the Asia-Pacific region, as the country produced close to 4 million barrels of oil per day in 2021. In the same year, India produced the second highest amount of oil with a production of 746 thousand barrels per day.
Who is the 3rd largest importer of crude oil
India
India, the third biggest importer of crude oil has… more. While that is a fact, what's also verifiable is that India is now Europe's biggest refined fuels supplier.
What countries are the top 3 exporters of oil
Crude Oil Exports by CountrySaudi Arabia: US$224.8 billion (16.7% of exported crude oil)Canada: $120.5 billion (8.9%)Russia: $119.5 billion (8.9%)United States: $117 billion (8.7%)United Arab Emirates: $112.7 billion (8.4%)Iraq: $82.3 billion (6.1%)Norway: $57.8 billion (4.3%)Kuwait: $54.3 billion (4%)
Which country is the 2nd biggest exporter of oil
Russia. Russia is the world's second-largest oil exporter and is projected to export around 6 million bpd in 2023. The country's oil and gas industry is a crucial driver of its economy, accounting for more than half of its export revenues.
