![]() United States – 17 million barrels per day Top ten largest oil-producing countries in 2019 1. Here, NS Energy profiles the world’s top ten largest oil-producing countries, based on their output measured in 2019. Many of the countries on this list are members of the Opec group of oil-exporting countries, an organisation that has kept tight control over global oil production since it was established in 1960 as a means to support oil prices and ensure stable revenues for its membership. There are an estimated 1.73 trillion barrels of proved global oil reserves, and three powerful nations dominate the world’s production of this fuel that has many uses, including transport, industry and heating as well as plastics and chemical manufacturing.ĭespite growing international momentum behind policies to shift away from oil as an energy source in response to concerns about climate change, it remains, for now, a significant ingredient of the world fuel supply. The world’s largest oil-producing countries play a significant role on the world stage, as gatekeepers of a commodity that has driven industrialisation and for which there is a consistently high level of global demand.Īccording to the BP Statistical Review of World Energy 2020, more than 95 million barrels per day (bpd) were produced during 2019 – roughly the same level as in 2018 and a 17% increase compared to ten years earlier. More than 95 million barrels of oil per day were pumped globally in 2019, with the largest oil-producing countries ranging from Saudi Arabia to BrazilĬrude oil is an important global commodity, used transport, heating and industry (Credit: ded pixto/Shutterstock)
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