Top 15 Biggest Oil Producing Countries Around the World

15. Norway

Crude production: 2.14 million barrels per day

Share of world production: 2.45%

Daily crude exports to the US: 35,000*

Proven reserves: 6.7 billion barrels

Unrest in the Middle East has put investors on high alert as crude oil prices move seemingly with every development in the region. In order to understand the effect of those events on both US and global oil markets, a key figure to watch is the amount of crude oil produced daily in each country.

14. Algeria

Crude production: 2.16 million barrels per day

Share of world production: 2.47%

Daily crude exports to the US: 262,000 barrels

Proven reserves: 12.2 billion barrels

13. Venezuela

Crude production: 2.35 million barrels per day

Share of world production: 2.8%

Daily crude exports to the US: 825,000 barrels

Proven reserves: 99.4 billion barrels

12. Iraq

Crude production: 2.39 million barrels per day

Share of world production: 2.81%

Daily crude exports to the US: 336,000 barrels

Proven reserves: 115 billion barrels

11. Kuwait

Crude production: 2.5 million barrels per day

Share of world production: 2.93%

Daily crude exports to the US: 125,000 barrels

Proven reserves: 101.5 billion barrels

10. Nigeria

Crude production: 2.51 million barrels per day

Share of world production: 2.95%

Daily crude exports to the US: 1.02 million barrels

Proven reserves: 37.2 billion barrels

9. Brazil

Crude production: 2.75 million barrels per day

Share of world production: 3.2%

Daily crude exports to the US: 271,000 barrels

Proven reserves: 12.8 billion barrels

8. United Arab Emirates

Crude production: 2.81 million barrels per day

Share of world production: 3.3%

Daily crude exports to the US: 10,000 barrels*

Proven reserves: 97.8 billion barrels

7. Mexico

Crude production: 2.88 million barrels per day

Share of world production: 3.39%

Daily crude exports to the US: 1.22 million barrels

Proven reserves: 10.4 billion barrels

6. Canada

Crude production: 3.7 million barrels per day

Share of world production: 4.3%

Daily crude exports to the US: 2.06 million barrels

Proven reserves: 175.2 billion barrels

5. Iran

Crude production: 4.2 million barrels per day

Share of world production: 4.9%

Daily crude exports to the US: 0

Proven reserves: 137.6 billion barrels

4. China

Crude production: 4.26 million barrels per day

Share of world production: 5.0%

Daily crude exports to the US: 8,000 barrels*

Proven reserves: 20.4 billion barrels

3. United States

Crude production: 8.85 million barrels per day

Share of world production: 10.4%

Total crude imports: 8.63 million barrels per day

Proven reserves: 19.2 billion barrels

2. Russia

Crude production: 9.91 million barrels per day

Share of world production: 11.6%

Daily crude exports to the US: 158,000 barrels

Proven reserves: 60 billion barrels

1. Saudi Arabia

Crude production: 10.3 million barrels per day

Share of world production: 12.1%

Daily crude exports to the US: 1.08 million barrels

Proven reserves: 259.9 billion barrels

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