by admin
Given
the pace of global growth, experts say crude oil prices are higher than
they should be — largely the result of concern that Iran might close
the Strait of Hormuz in its showdown with the U.S. and European Union
over the expansion of its nuclear program. According to the EIA, daily
global production is 88.76 million barrels. The Middle East accounts for
31 percent; North America, 20 percent; Eurasia, 11 percent; Africa,
Asia and Oceania, 9 percent; and Central and South America, Europe, 5
percent.
10. Kuwait
Crude production: 2.75 million barrels per day
Share of world production: 3.1 percent
Daily exports to the U.S.: 352,000 barrels
Proven reserves: 104 billion barrels
9. Brazil
Crude production: 2.8 million barrels per day
Share of world production: 3.15 percent
Daily exports to the U.S.: 321,000 barrels
Proven reserves: 12.86 billion barrels
8. Mexico
Crude production: 2.95 million barrels per day
Share of world production: 3.3 percent
Daily exports to the U.S.: 1.11 million barrels
Proven reserves: 10.42 billion barrels
7. United Arab Emirates
Crude production: 3.23 million barrels per day
Share of world production: 3.6 percent
Daily exports to the U.S.: 35,000 barrels
Proven reserves: 97.8 billion barrels
6. Canada
Crude production: 3.92 million barrels per day
Share of world production: 4.4 percent
Daily exports to the U.S.: 3.01 million barrels
Proven reserves: 175.21 billion barrels
5. Iran
Crude production: 4.13 million barrels per day
Share of world production: 4.6 percent
Daily exports to the U.S.: 0
Proven reserves: 137 billion barrels
4. China
Crude production: 4.19 million barrels per day
Share of world production: 4.7 percent
Daily exports to the U.S.: 2,000 barrels
Proven reserves: 20.35 billion barrels
3. Russia
Crude production: 10.3 million barrels per day
Share of world production: 11.64 percent
Daily exports to the U.S.: 572,000 barrels
Proven reserves: 60 billion barrels
2. United States
Crude production: 10.59 million barrels per day
Share of world production: 11.94 percent
Daily exports to the U.S.: Not applicable
Proven reserves: 20.68 billion barrels
1. Saudi Arabia
Crude production: 11.75 million barrels per day
Share of world production: 13.24 percent
Daily exports to the U.S.: 1.42 million barrels
Proven reserves: 262.6 billion barrels
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