![]() ![]() United KingdomĬrude oil production for 2021: 809,000 barrels per dayĪlthough it produced as much as 3 million barrels per day of petroleum and other liquids in 1999, production in the United Kingdom has dropped substantially in recent decades. Top 20 Oil Producing Countries in 2022 20. Since 2022 isn't over yet, we assumed that the top 20 oil production countries this year will be similar to the top 20 oil producing countries in 2021.įor crude oil, we used a more strict definition of crude oil and did not include NGPL and other liquids. If we used a broader definition of crude oil, the oil production of some countries would be higher than what's on this list. Tight oil is oil embedded in low-permeable shale, sandstone, and carbonate rock formations."įor our list, we used the EIA's crude oil including lease condensate production (Mb/d) data for 2021. This was equal to about 64% of total U.S. Energy Information Administration (EIA) estimates that in 2021, about 2.64 billion barrels (or about 7.23 million barrels per day) of crude oil were produced directly from tight oil resources in the United States. is producing far more oil than it did before.Īccording to the EIA, "The U.S. While OPEC has dominated production, the United States has also increased oil production substantially in the last decade. Collectively OPEC countries have 1,241.82 billion barrels of proven reserves, with much of that in countries in the Middle East. One principal reason for OPEC countries high oil production is that they have most of the world's oil reserves. According to OPEC, 80.4% of the world's proven oil reserves are in OPEC member countries such as Venezuela, Saudi Arabia, Iran, Iraq, United Arab Emirates, Kuwait and more. OPEC, which includes 13 nations, produces around 30% of the world's oil while OPEC+ which also includes Russia produces around 40%. In terms of oil production, OPEC still plays a big role in terms of oil production in 2022 just as it has played a big role in the past few decades. These petroleum products include gasoline, distillates such as diesel fuel and heating oil, jet fuel, petrochemical feedstocks, waxes, lubricating oils, and asphalt." The EIA explains, "After crude oil is removed from the ground, it is sent to a refinery where different parts of the crude oil are separated into useable petroleum products. Similarly refined products of crude oil produce many of the world's essential and widely used chemicals. Given that it is needed to produce gasoline and diesel, crude oil indirectly powers the majority of the world's vehicles. ![]() If you want to see more of the world's top oil producing countries, go directly to Top 5 Oil Producing Countries in 2022.Ĭrude oil is essential to modern day economies. In this article, we will take a look at the top 20 oil producing countries in 2022. ![]()
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