{"id":2191,"date":"2022-10-16T01:42:03","date_gmt":"2022-10-16T01:42:03","guid":{"rendered":"https:\/\/reddypipe.com\/?p=2191"},"modified":"2022-11-11T01:46:56","modified_gmt":"2022-11-11T01:46:56","slug":"the-top-oil-and-gas-producers-in-the-world","status":"publish","type":"post","link":"https:\/\/reddypipe.com\/the-top-oil-and-gas-producers-in-the-world\/","title":{"rendered":"The Top Oil And Gas Producers in The World"},"content":{"rendered":"\t\t
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Oil provides money to countries that have sufficient oil reserves to produce more oil than they use. Furthermore, oil costs must be incorporated into national budgets for countries that rely significantly on imports. <\/span>
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<\/span>Unsurprisingly, events like instability in oil-producing countries, new oil field discoveries, and breakthroughs in extraction technology significantly impact the oil sector. Most of the time, the world’s top oil-producing countries make a lot of money from their output. <\/span>
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<\/span>According to <\/span>Nasdaq.com<\/span><\/a>, the top 10 oil producers in the world handle over 72% of oil demand, while the top five oil producers provide nearly 53%.<\/span>
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<\/span>Let\u2019s take a look at the top oil-producing countries in the world. <\/span><\/p>\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t

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United States<\/h3>\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t
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The United States is the world’s leading producer of <\/span>petroleum liquids, averaging 18.9 million b\/d and accounting for 20% of global output in 2021<\/span><\/a>. Around 11 million of that is straight barrels of oil according to Wikipedia.<\/span><\/p>

While many are surprised that the United States produces so much oil, gas and petroleum products in general, it is currently the largest producer in the world.<\/span><\/p>\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t

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Russia<\/h3>\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t
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After the United States is a close-second: Russia. While the United States produces 11 million barrels of oil per day, Russia produces over 10 million \u2014 so the competition is fierce!<\/span><\/p>\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t

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Saudi Arabia<\/h3>\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t
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The next, and last, true contender in the race for the world\u2019s biggest oil producer is Saudi Arabia, who is also the main proponent of OPEC, the oil conglomerate that largely controls the fluctuation of oil prices. Saudi Arabia produces 9.3 million barrels of oil per day according to Wikipedia.<\/span><\/p>

After Saudi Arabia, the next closest contender is Canada at a measly 4 million barrels per day.<\/span><\/p>\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t

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ReddyPipe is Your Local Oil and Gas Industry Expert<\/h3>\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t
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If you\u2019re looking for oilfield supply such as oil or gas pipes, you landed on the right website! Take a look at our list of <\/span>products and services<\/span><\/a> today.<\/span><\/p>\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t\t\t\t<\/div>\n\t\t<\/section>\n\t\t\t\t\t\t\t<\/div>\n\t\t","protected":false},"excerpt":{"rendered":"

Oil provides money to countries that have sufficient oil reserves to produce more oil than they use. Furthermore, oil costs must be incorporated into national budgets for countries that rely significantly on imports. Unsurprisingly, events like instability in oil-producing countries, new oil field discoveries, and breakthroughs in extraction technology significantly impact the oil sector. Most […]<\/p>\n","protected":false},"author":3,"featured_media":2192,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"site-sidebar-layout":"default","site-content-layout":"default","ast-site-content-layout":"","site-content-style":"default","site-sidebar-style":"default","ast-global-header-display":"","ast-banner-title-visibility":"","ast-main-header-display":"","ast-hfb-above-header-display":"","ast-hfb-below-header-display":"","ast-hfb-mobile-header-display":"","site-post-title":"","ast-breadcrumbs-content":"","ast-featured-img":"","footer-sml-layout":"","theme-transparent-header-meta":"default","adv-header-id-meta":"","stick-header-meta":"default","header-above-stick-meta":"","header-main-stick-meta":"","header-below-stick-meta":"","astra-migrate-meta-layouts":"default","ast-page-background-enabled":"default","ast-page-background-meta":{"desktop":{"background-color":"","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-gradient":""},"tablet":{"background-color":"","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-gradient":""},"mobile":{"background-color":"","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-gradient":""}},"ast-content-background-meta":{"desktop":{"background-color":"var(--ast-global-color-5)","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-gradient":""},"tablet":{"background-color":"var(--ast-global-color-5)","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-gradient":""},"mobile":{"background-color":"var(--ast-global-color-5)","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-gradient":""}},"footnotes":""},"categories":[1],"tags":[],"yoast_head":"\nThe Top Oil And Gas Producers in The World - Reddy Pipe & Supply<\/title>\n<meta name=\"robots\" content=\"noindex, follow\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"The Top Oil And Gas Producers in The World - Reddy Pipe & Supply\" \/>\n<meta property=\"og:description\" content=\"Oil provides money to countries that have sufficient oil reserves to produce more oil than they use. 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