Not Saudi Arabia, Kuwait, Russia or Iran, this country is world’s largest producer of crude oil, name is…, number 4 ranked will shock you
New Delhi: The world is running on crude oil. It would not be wrong to say this according to the current scenario. The production and consumption of crude oil is increasing at the same pace as the world is developing. Oil is needed for all things like fighter jets, vehicles, machines, rockets. And all these oils are made from crude oil. Without crude oil, most things are like coming to a standstill.
Even though electric vehicles have come today, but still, most of the things are running on fuel. Crude oil is produced naturally. It is then refined and converted into different fuels like petrol, diesel, kerosene etc. Big countries are involved in the production of crude oil. But who is the king of crude oil? As soon as you hear this question, you must have thought about the Arab countries. Because many Arab countries produce crude oil. But it is not so hence, let’s try to understand this story.
Largest producers of crude oil
According to a 2023 report by the US Energy Information Administration, America is the largest oil producer in the world. America produces 21.91 million barrels of crude oil every day. After America, Saudi Arabia is second in this list with 11.13 million barrels of crude oil every day.
Russia is at number three. Russia produces 10.75 million barrels of crude oil every day followed by Canada at number four. Canada produces 5.76 million barrels of crude oil every day.
After Canada, it is China at the fifth place with 5.26 million barrels of crude oil every day. At number six is Iraq which produces 4.42 million barrels of crude oil daily.
At number seven is Brazil with 4.42 million barrels daily followed by UAE at number eighth place which produces 4.16 million barrels of crude oil daily.
At number nine is Iran. Iran produces 3.99 million barrels of crude oil every day. At number 10 is Kuwait which produces 2.91 million barrels of crude oil daily.
These top 10 countries produce total of 101.81 million barrels of crude oil every day.
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