Let’s look at the data for production ,consumption and principal exports. All the data is assembled by the energy information agency of the U.S. Department of Energy.
Proven oil reserves by country billions of barrels
Saudi Arabia 264.3
Canada. 178.8
Iran. 132.5
Iraq. 115.0
Kuwait. 101.5
U.A.E. 97.8
Venezuela. 79.7
Russia. 60.0
Libya. 39.1
Nigeria. 35.9
U.S. 21.4
China. 18.3
Qatar. 15.2
Mexico. 12.9
Algeria. 11.4
Brazil. 11.2
Kazakhstan. 9.0
Norway. 7.7
Azerbaijan. 7.0
India. 5.8
Top 20 countries. 1224.5 (95 %)
rest of world. 68.1. (5%)
World total. 1292.6
note: Proved resources estimated with reasonable certainty to be recoverable with present technology and prices.
Oil production millions of barrels /day
1.Saudia Arabia. 10.72
2.Russia. 9.67
3.U.S. 8.37
4.Iran. 4.12
5.Mexico. 3.71
6.China. 3.64
7.Canada. 3.84
8.UA.E. 2.94
9.Venezuela. 2.81
10.Norway. 2.79
11.Kuwait. 2.67
12.Nigeria. 2.44
13.Brazil. 2.16
14. Iraq. 2.01
Libya. 1.65
Oil Consumption millions of barrels per day
1.U.S. 20.59
2. China 7.27
3. Japan 5.22
4. Russia 3.10
5. Germany 2.63
6. India 2.53
7. Canada 2.22
8. Brazil 2.12
9. South Korea 2.12
10.Saudi Arabia 2.07
11. Mexico 2.03
12.France 1.97
13. U.K. 1.82
14. Italy 1.71
Oil exporters millions barrels per day
1. Saudi Arabia 8.65
2. Russia 6.57
3. Norway 2.54
4.Iran 2.52
5. U.A.E. 2.52
6.Venezuela 2.2
7. Kuwait 2.15
8. Nigeria 2.15
9. Algeria 1.85
10. Mexico 1.68
11. Libya 1.52
12. Iraq 1.43
13. Angola 1.36
14. Kazakhstan 1.11
Oil net importers millions of barrels per day
1.U.S. 12.22
2. Japan 5.10
3. China 3.44
4. Germany 2.48
5. S. Korea 2.15
6. France 1.89
7. India 1.69
8. Italy 1.56
9. Spain 1.56
10. Taiwan 0.94
Source of U.S. Imports
Canada 11 %
Mexico 11
Saudi Arabia 9
Venezuela 8
Nigeria 7
Iraq 4
25 other countries 8
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