Top 5 Oil Producing Countries in the World

3. Saudi Arabia

Crude Oil Production in 2022: 10.59 million barrels per day

Saudi Arabia contains 17% of the global proven crude oil reserves. In 2022, the country’s crude oil production increased by 800,000 barrels per day to 10.57 million barrels per day. Furthermore, Saudi Arabia exported 7 million barrels per day of crude oil, the highest in the last 5 years. The country’s crude oil exports hit an all-time high in 2016 at 7.35 million barrels per day.