Question: Who Is The Number 1 Oil Producing Country?

How much oil is left in Saudi Arabia?

According to Aramco’s latest figures, Saudi Arabia’s proven gas reserves stood at 36.93 billion barrels of oil equivalent in 2017, down from a previously reported oil equivalent figure of 52.79 billion for 2016..

What country exports the most?

ChinaLeading export countries worldwide China led the world in exports in 2019. China was followed by the United States, with exports valued at 1.64 trillion US dollars, and Germany, with exports valued at 1.49 trillion US dollars. The value of goods exported from China grew immensely between 2002 and 2014.

Which country has oil most in the world?

Top ten countries with the largest oil reservesVenezuela – 304 billion barrels. … Saudi Arabia – 298 billion barrels. … Canada – 170 billion barrels. … Iran – 156 billion barrels. … Iraq – 145 billion barrels. … Russia – 107 billion barrels. … Kuwait – 102 billion barrels. … United Arab Emirates – 98 billion barrels.More items…•

Does India buy oil from Russia?

India’s IOC signs annual deal on option to buy crude from Russia’s Rosneft. NEW DELHI (Reuters) – State-owned Indian Oil Corp has signed a deal with Russian oil major Rosneft giving it an option to buy up to 2 million tonnes, or 40,000 barrels per day (bpd) of crude in 2020, the Indian oil minister said on Wednesday.

What country has the most gold?

Top 10 Countries with Largest Gold ReservesUnited States. Tonnes: 8,133.5. Percent of foreign reserves: 79.0 percent.Germany. Tonnes: 3,363.6. Percent of foreign reserves: 75.6 percent. … Italy. Tonnes: 2,451.8. Percent of foreign reserves: 71.3 percent. … France. Tonnes: 2,436.0. … Russia. Tonnes: 2,299.9. … China. Tonnes: 1,948.3. … Switzerland. Tonnes: 1,040.0. … Japan. Tonnes: 765.2. … More items…•

Who is the richest oil company in the world?

10 Biggest Oil Companies#1 China Petroleum & Chemical Corp. (SNP)#2 PetroChina Co. Ltd. (PTR)#3 Saudi Arabian Oil Co. (Saudi Aramco) (Tadawul: 2222)#4 Royal Dutch Shell PLC (RDS. A)#5 BP PLC (BP)#6 Exxon Mobil Corp. (XOM)#7 Total SE (TOT)#8 Chevron Corp. (CVX)More items…

Who is the biggest exporter of oil?

Kingdom of Saudi ArabiaSaudi Arabia Officially known as the Kingdom of Saudi Arabia, the country of Saudi Arabia is the world’s number one oil exporter. Formed in 1932, the country was responsible for 16.1% of global oil exports in 2018, totaling $182.5 billion in value.

Who owns the most oil in the world?

CountriesProven reserves (millions of barrels)U.S. EIA (start of 2020)OPEC (end of 2017)CountryRankReservesVenezuela (see: Oil reserves in Venezuela)1302,809Saudi Arabia (see: Oil reserves in Saudi Arabia)2266,260Canada (see: Oil reserves in Canada)34,42162 more rows

Who is America’s biggest oil supplier?

The top five source countries of U.S. gross petroleum imports in 2019 were Canada, Mexico, Saudi Arabia, Russia, and Colombia.

Who is the richest oil man?

Mukesh Ambani – $55.3bn.Leonid Mikhelson – $25.4bn. … Vagit Alekperov – $21.6bn. … Gennady Timchenko – $21.3bn. … Harold Hamm – $13.8bn. Harold Hamm serves as the chairman and chief executive officer of Continental Resources. …

What is black gold called?

Crude Oil is also known as Black Gold. The word ‘Black’ because of its appearance when it comes out of the ground and the term ‘Gold’ for of its rarity and utility associated with it.

Who are the top 10 oil producing countries?

Top 10 Oil-producing CountriesUnited States. Production: 17,886,000 bpd. … Saudi Arabia. Production: 12,419,000 bpd. … Russia. Production: 11,401,000 bpd. … Canada. Production: 5,295,000 bpd. … China. Production: 4,816,000 bpd. … Iraq. Production: 4,616,000 bpd. … Iran. Production: 4,471,000 bpd. … United Arab Emirates. Production: 3,791,000 bpd.More items…

How many years of oil is left in the world?

Globally, we currently consume the equivalent of over 11 billion tonnes of oil from fossil fuels every year. Crude oil reserves are vanishing at a rate of more than 4 billion tonnes a year – so if we carry on as we are, our known oil deposits could run out in just over 53 years.

Is America self sufficient in oil?

In total energy consumption, the US was between 86% and 91% self-sufficient in 2016. In May 2011, the country became a net exporter of refined petroleum products. … As of March 2015, 85% of crude oil imports came from (in decreasing volume): Canada, Saudi Arabia, Mexico, Venezuela, and Colombia.

Where does US get most of its oil?

In 2019, Canada was the source of 49% of U.S. total gross petroleum imports and 56% of gross crude oil imports.The top five sources of U.S. total petroleum (including crude oil) imports by share of total petroleum imports in 2019 were.Canada49%Mexico7%Saudi Arabia6%Russia6%Colombia4%

Which country is largest producer of oil?

What countries are the top producers and consumers of oil?CountryMillion barrels per dayShare of world totalUnited States20.5120%China13.8914%India4.775%Russia3.884%8 more rows