According to April 2008 statistics from the Central Intelligence Agency’s World Factbook, global oil production in 2005 was 78.9 million barrels per day.
World consumption of oil per day was 80.3 million barrels for the same period, using up 1.7% more than what was produced.
1. Saudi Arabia … 11 million barrels per day (13.9% of estimated world total)
2. Russia … 9.9 million bpd (12.5%)
3. United States … 8.3 million bpd (10.5%)
4. Iran … 4.2 million bpd (5.3%)
5. Mexico … 3.8 million bpd (4.8%)
6. China … 3.7 million bpd (4.7%)
7. Canada … 3.1 million bpd (3.9%)
8. Norway … 3 million bpd (3.8%)
9. Venezuela … 2.8 million bpd (3.6%)
10. Kuwait … 2.7 million bpd (3.4%)
Other Big Oil Producing Countries in 2008 - (11 to 20)
11. United Arab Emirates … 2.5 million barrels per day (3.2% of estimated world total)
12. Nigeria … 2.4 million bpd (3.1%)
13. Iraq … 2.11 million bpd (2.7%)
14. Algeria … 2.1 million bpd (2.6%)
15. United Kingdom … 1.9 million bpd (2.4%)
16. Libya … 1.7 million bpd (2.2%)
17. Brazil … 1.6 million bpd (2%)
18. Kazakhstan … 1.4 million bpd (1.7%)
19. Angola … 1.3 million bpd (1.6%)
20. Qatar … 1.1 million bpd (1.4%)
Russia produces about 240% more oil than it consumes. Similarly, Mexico’s oil production was 39% greater than domestic consumption while Canada output 35% more oil than it used in 2005. China generated about 16% more oil than it consumed.
In contrast, India consumes two-thirds more oil than its produces. America consumes a third more than domestic oil production. Although rich in natural resources, Brazil’s oil consumption outpaces its fuel production by almost 25%.
