Top 5 Oil Producing Countries in the World

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In this article, we discuss the top 5 oil producing countries of the world. To read the detailed analysis and latest updates on the oil industry, go directly to the Top 25 Oil Producing Countries in the World.

5. China

Crude Oil Production in 2022: 4.1 million barrels per day

China is one of the largest importers of crude oil in the world. Compared to its daily production, the country consumes over 15 million barrels of oil daily. Additionally, China’s oil consumption may also increase in 2023 as its travel and lockdown restrictions were finally been lifted in January.

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