Quick Answer: What Are The Top 10 Oil Producing Countries?

Which state has the most oil?

TexasTexas is by far the largest oil-producing state in the United States, with a total production of 1.85 billion barrels in 2019.

In a distant second place is North Dakota, which produced 512.3 million barrels in the same year, and Virginia was the smallest producer at just 4,000 barrels..

Who is the number 1 oil producing country?

The top five oil-generating countries are as follows:United States. The United States is the top oil-producing country in the world, with an average of 19.51 million b/d, which accounts for 19% of the world’s production. … Saudi Arabia. … Russia. … Canada. … China.

What country has the most oil 2020?

CountriesProven reserves (millions of barrels)U.S. EIA (start of 2020)CountryRankReservesVenezuela (see: Oil reserves in Venezuela)1302,809Saudi Arabia (see: Oil reserves in Saudi Arabia)2267,026Canada (see: Oil reserves in Canada)3167,89662 more rows

Which country has the most gold?

Top 10 Gold Producing CountriesChina – 383.2 tonnes. For many years, China has been the top producing nation, accounting for 11 percent of global mine production. … Russia – 329.5 tonnes. … Australia – 325.1 tonnes. … United States – 200.2 tonnes. … Canada – 182.9 tonnes. … Peru – 143.3 tonnes. … Ghana – 142.4 tonnes. … South Africa – 118.2 tonnes.More items…•

Where is oil mainly found?

Oil reserves are found all over the world. However, some have produced more oil than others. The top oil producing countries are Saudi Arabia, Russia, the United States, Iran, and China.

Who has the cleanest oil in the world?

VenezuelaInternational contextRankCountryPercentage of total1Venezuela18%2Saudi Arabia **16%3Canada (97% of which is oil sands)10%4Iran9%1 more row•Oct 6, 2020

Is America self sufficient in oil?

In total energy consumption, the US was between 86% and 91% self-sufficient in 2016. In May 2011, the country became a net exporter of refined petroleum products. … As of March 2015, 85% of crude oil imports came from (in decreasing volume): Canada, Saudi Arabia, Mexico, Venezuela, and Colombia.

Which state uses the most oil?

A boom in oil production is profoundly changing the U.S. economy and impacting worldwide energy markets. As of 2015, 90% of U.S. oil production, excluding federal offshore drilling, comes from eight states: Texas, North Dakota, California, Alaska, New Mexico, Oklahoma, Colorado, and Wyoming.

What are the top 10 oil producing countries in the world?

Statistics are from the Energy Information Administration (EIA) and include total production of petroleum and other liquids.United States. Production: 19,510,000 bpd. … Saudi Arabia. Production: 11,810,000 bpd. … Russia. Production: 11,490,000 bpd. … Canada. Production: 5,500,000 bpd. … China. … Iraq. … United Arab Emirates. … Brazil.More items…•

What country is rich in oil?

VenezuelaVenezuela has the largest oil reserves of any country in the world, with more than 300 billion barrels of proven reserves. In 2011, the country surpassed Saudi Arabia to top the list of countries having the largest oil reserves.

Who is the largest exporter of oil?

Kingdom of Saudi Arabia1. Saudi Arabia. Officially known as the Kingdom of Saudi Arabia, the country of Saudi Arabia is the world’s number one oil exporter. Formed in 1932, the country was responsible for 16.1% of global oil exports in 2018, totaling $182.5 billion in value.

Which country has the best crude oil?

List of countries by oil productionCountryOil production per capita 2017 (bbl/day/million people)-World production10,79801United States35,92202Saudi Arabia (OPEC)324,86603Russia73,29292 more rows

What are the top 10 oil producing states?

Here are the 10 states with the highest oil production:Texas (1,609,075)North Dakota (461,531)New Mexico (248,958)Oklahoma (200,685)Colorado (177,817)Alaska (174,800)California (169,166)Wyoming (87,955)More items…

Which country exports the most?

Secondary NavigationRankCountryEXPORTS1China$2,157,000,000,0002European Union$1,929,000,000,0003United States$1,576,000,000,0004Germany$1,401,000,000,00088 more rows

Who is America’s biggest oil supplier?

The largest sources of U.S. imported oil were: Canada (49%), Mexico (7%), Saudi Arabia (6%), Russia (6%), and Colombia (4%). According to the American Petroleum Institute, the oil and natural gas industry supports nine million U.S. jobs and makes up seven percent of the nation’s gross domestic product.

Where is the world’s largest oil field?

Saudi ArabiaGhawar (Arabic: الغوار) is an oil field located in Al-Ahsa Governorate, Eastern Province, Saudi Arabia. Measuring 280 by 30 km (174 by 19 mi), it is by far the largest conventional oil field in the world, and accounts for roughly a third of the cumulative oil production of Saudi Arabia as of 2018.

What is called as black gold?

Crude Oil is also known as Black Gold. The word ‘Black’ because of its appearance when it comes out of the ground and the term ‘Gold’ for of its rarity and utility associated with it.

How much oil is left in the world?

There are 1.65 trillion barrels of proven oil reserves in the world as of 2016. The world has proven reserves equivalent to 46.6 times its annual consumption levels. This means it has about 47 years of oil left (at current consumption levels and excluding unproven reserves).

Where does US get most of its oil?

America is one of the world’s largest oil producers, and close to 40 percent of U.S. oil needs are met at home. Most of the imports currently come from five countries: Canada, Saudi Arabia, Mexico, Venezuela and Nigeria.

Is the oil industry dying?

The industry is not dying, but it is changing, and it must continue to do so. While progress has been made, oil and gas companies must do more. … The company also announced that it will link executive pay to its emission targets as of 2020.

How long will Earth’s oil last?

53 yearsCrude oil reserves are vanishing at a rate of more than 4 billion tonnes a year – so if we carry on as we are, our known oil deposits could run out in just over 53 years.