Venezuela has the largest amount of oil reserves in the world with 300.9 billion barrels. Saudi Arabia has the second-largest amount of oil reserves in the world with 266.5 billion barrels.
Who has the most oil 2020?
The United States remains the worlds top oil consumer, averaging 17.2 million BPD in 2020. China was second at 14.2 million BPD, and was the only country in the Top 10 to report an increase in oil consumption in 2020.
Which country has the most oil in 2021?
Here are the 10 countries with the most oil production: United States (12108) Russia (10835)...Oil Production By Country 2021.CountryCrude Oil Production (thousands barrels per day)2021 PopulationUnited States12108332,915,073Russia10835145,912,025Saudi Arabia958035,340,683Iraq462041,179,35084 more rows
Who is largest producer of oil?
According to the most recent data, the top five oil-producing nations are the United States, Saudi Arabia, Russia, Canada, and China. The United States overtook Russia in 2017 for the second-place spot and surpassed former leader Saudi Arabia a year later to become the worlds top oil producer.
Who is the #1 oil producer in the world?
In recent history, the top three producers have been the United States, Russia, and Saudi Arabia....List of countries by oil production.CountryOil production 2020 (bbl/day)Oil production per capita 2017 (bbl/day/million people)Saudi Arabia (OPEC)9,264,921324,866Canada4,201,101100,931Iraq (OPEC)4,102,311119,664China3,888,9892,83694 more rows
Who is the largest exporter of oil?
Saudi Arabia Saudi Arabia is the top country by exports of crude oil in the world. As of June 2021, exports of crude oil in Saudi Arabia was 5,965 thousand barrels per day. The top 5 countries also includes the United States of America, Iraq, Canada, and Kuwait.
Is USA rich in oil?
As of 2019, the United States is the worlds largest oil producer. The oil industry extracted a record high 4.47 billion barrels of crude oil in the United States in 2019 (around 12.25 million barrels per day), worth an average wellhead price of US$55 per barrel.