10 largest producing countries oil

The production of crude oil in the world is still the backbone of the economy. The energy and political power of the oil production countries decides. About 10.18 crore vessels oil comes out of the earth every day. From this, about 73 percent belong to only 10 countries. The US extracts about 2.19 crore vessels oil every day. This is 22 percent of the world’s total production. Both Russia and Saudi Arabia extract about 1.11 million barrels of oil daily. Their contribution to the global offer is about 11 percent. Canada produces approximately 0.57 crore -barrels and China about 0.53 crore barrels oil daily. Iraq, Brazil and UAE are also one of the top 10 producers. These countries take out about 1.17 barrels of oil every day. The joint production of Iran and Kuwait is about 0.69 million barrels per day. Production may be low, but their role is important from strategic point of view. The total joint production of these countries is about 7.45 barrels per day. It is about three-fourths of the world’s total production. Oil production is not only business, but also political dominance and strategy. It decides on whose gestures will be the global decisions. Click here Life & Style Click for more stories Click here