O Petroleum It is an oily substance, with a density lower than water and which can be found in deep surfaces of planet Earth.
This substance is widely used as fossil fuel and as a raw material for the production of various products, such as the manufacture of plastics, synthetic rubbers, paints, solvents and cosmetic products.
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As it is a source of fuel and valuable raw material, the largest oil producers represent major powers among the economy and world powers.
Many countries have extensive oil reserves. The average world production per day is about 99 million barrels of oil!
Faced with this impressive number, check out our list of the 12 biggest oil producers and learn more about each of these very influential nations worldwide.
1. USA
You U.S of America are one of the greatest and most powerful powers in the world, with strong political and economic influence.
Despite having only the 12th largest oil reserves in the world, the US manages to dominate part of the market and has the largest oil production from all over the planet.
The average daily production is 15 million barrels per day.
2. Saudi Arabia
Saudi Arabia is the major oil producer in the Middle East, with great importance in the region, both politically and economically.
The country has the 2nd largest oil reserves in the world, second only to Venezuela. Its daily production approaches 12 million barrels a day.
3. Russia
A Russia occupies the first places in the list of greatest producers for a long time. Its reserve is the 8th largest in the world, representing a relevant part of the country's economy.
Russia's daily oil production corresponds to an approximate value of 11 million oil barrels.
4. Iraq
Iraq is among the most influential nations in the Middle East and in its territory is the 5th largest oil reserve in the world.
This important region has already been the scene of many wars and suffering, as a result of its strategic location and oil wealth.
Its daily production corresponds to around 4.6 million barrels of oil.
5. Canada
The extensive territory of Canada holds the 3rd largest oil reserve in the world. With such availability of the substance, the country became the 5th largest oil producer.
Canada has been developing in the oil extraction and conquering space in the market. Each year an average of 4.2 million barrels of oil are produced.
6. China
Like Canada, the China has been developing in the oil sector. Currently, it is the 6th largest producing power and this market has become significant for the economy from the country.
China has the 13th largest oil reserves in the world and its production is approximately 3.8 million barrels per day.
7. United Arab Emirates
The United Arab Emirates represent a confederate of monarchies Arabs, namely Abu Dhabi, Dubai, Sharjah, Ajman, Umm al-Quwain, Ras al-Khaimah and Fujeira.
The region is home to the 7th most abundant oil reserve in the world. Oil production in the Emirates is around 3 million per day.
8. kuwait
Kuwait is a sovereign Arab emirate located in Asia Western. The country has a small territorial extension and, even so, has the 6th largest oil reserve in the world.
Therefore, the extraction and production of the product represents an important economic activity for the country. The country's oil production is said to be 2.6 million barrels per day.
9. Brazil
In recent decades the Brazil shows strong growth in oil exploration. With this, each year the country increases its production and changes its position among the largest producers.
Currently, Brazil is the 9th largest oil producer in the world, with 2.6 million barrels per day.
The substance is extracted in the country's oil reserve, which is the 15th largest on the planet.
10. Will
Iran is located in a historic territory, where it was formerly inhabited by the people Persian. It is the second largest nation in the Middle East and holds the 4th largest oil reserves.
This abundance of the substance provides a great extraction and production. Thus, the nation manages to produce approximately 2.2 million barrels daily.
11. Mexico
Mexico is the 11th largest oil producer and holder of the 17th largest reserves in the world.
Oil is the country's largest source of export income, representing great importance in the economy. Daily production corresponds to around 2 million barrels of oil.
12. Norway
In the 20th century, oil exerted a great influence on the development of Norway's economy. Thus, the production and export of oil became very important for the local economy.
In 12th place on the list, Norway has the 18th largest reserve in the world, which provides a production of 1.9 million barrels of oil per day.
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