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Which Country Produced the Most Oil in 2022?

Published in Oil Production Statistics 2 mins read

The United States produced the most crude oil in 2022, accounting for 14.7% of the world's total crude oil production.

Global Crude Oil Production Overview

In 2022, approximately 98 countries worldwide engaged in crude oil production, yielding about 80.75 million barrels daily. A significant portion of this global output, specifically around 52%, came from just five countries, highlighting their dominant role in the international oil market.

Top Crude Oil Producers of 2022

The landscape of global crude oil production is heavily influenced by a few key players. These nations possess extensive infrastructure and resources, enabling them to meet a substantial portion of the world's energy demands. The table below details the top five crude oil producers in 2022 and their respective contributions to the total global production:

Country Percentage Share of World Crude Oil Production (2022)
United States 14.7%
Saudi Arabia 13.2%
Russia 12.7%
Canada 5.6%
Iraq 5.5%

As evident from these figures, the United States maintained its position as the leading producer, followed closely by major oil-exporting nations such as Saudi Arabia and Russia. Canada and Iraq also played crucial roles, contributing significantly to the global supply. Understanding these production trends is vital for analyzing global energy markets and geopolitical dynamics related to oil.

For more detailed information on global oil production and its sources, you can refer to reputable energy information agencies.