• Source:JND
Add as a preferred

Top 10 Oil-Producing Countries:  The Oil industry is the backbone of the global energy economy. The oil industry powers transportation, many other significant industries and most importantly, is responsible for lighting up millions of homes across the globe. Oil industry giants are some of the most powerful economies in the world. Therefore, the top producers and consumers of oil are also the evident indicators of economic power, energy demand, and geopolitical stance of top-lister nations. Additionally, being aware of the oil production and consumption helps you know the economic and environmental trends around the globe. Now let’s take a look at the list of the top 10 largest oil-producing and consuming countries in the world.

Which Country Produces The Most Oil?

The United States is the biggest producer of oil in the world, with almost 20,135 barrels daily, which is around 20.8 per cent of global oil production. The US position highlights its massive shale oil production and investment in modern-updated technologies and significantly dominates energy stability and price management across the world. The list is followed by Saudi Arabia, which is the second-largest producer of oil, with almost 10,856 barrels daily, which is around 11.2 per cent of world oil production. The third largest oil-producing country is the Russian Federation, which produces more than 10,752 barrels of oil daily and contributes around 11.1 per cent of global oil production.

List Of The Top 10 Largest Oil-Producing Countries:

Rank  Country  Production (thousand barrels daily)  Share of World (Percent)
1 United States  20,135  20.8 Percent
2 Saudi Arabia 10,856  11.2 Percent
3 Russian Federation 10,752  11.1 Percent
4 Iran  5,062 5.2 Percent
5 Canada  5,888  6.1 Percent
6 Iraq  4,398 4.5 Percent
7 China 4,264 4.4 Percent
8 United Arab Emirates 4,006 4.1 Percent
9 Brazil  3,466 3.6 Percent
10 Kuwait 2,719  2.8 Percent

Source: EIA.Gov

Which Country Consumes The Most Oil?

The United States is the largest consumer of oil worldwide. The world superpower consumes 18,995 barrels of oil every day, which is around 18.7 per cent of the total world oil consumption. The huge consumption of oil is led by a magnificent transportation system, manufacturing requirements, and extensive personal automobile ownership. The list is followed by China, whose daily oil consumption is around 16,374 barrels of oil. China’s extensive oil consumption is fueled by its growing economy, infrastructure and versatile manufacturing market.

List Of The Top 10 Largest Oil-Consuming Countries:

Rank  Country  Consumption (thousand barrels daily) Share of World (Per cent)
1 United States 18,995 18.7 Percent
2 China  16,374  16.1 Percent
3 India  5,621 5.5 Percent
4 Japan  3,238  3.2 Percent
5 Russian Federation 3,846  3.8 Percent
6 Saudi Arabia  3,959  3.9 Percent
7 South Korea 2,892  2.9 Percent
8 Brazil  2,575 2.5 Percent
9 Germany  2,052 2 Percent
10 Canada  2,333  2.3 Percent

Source: Energy Institute – 2025 – 74th edition of Statistical Review of World Energy

Where Does India Rank?

India ranks 20th among oil producers, with output of over 0.7 per cent of global oil supply. However, when it's about consumption, India is the third largest consumer of oil in the world, with almost 5,621 barrels used per day, which is around 5.5 per cent of world consumption. India’s high oil consumption ranking highlights its rapid growth in population and economy, alongside urbanisation.

Also Read: Shampoo, Toothpaste, Hair Oil And Other Personal Care Products Get Cheaper As GST Council Cuts Tax To 5%

Also Read: Top 10 Indian States With Highest Solar Power Users

The above-mentioned stats about the world oil consumption and production are ever-evolving, with shifting economic power. However, currently, the United States leads oil production and consumption across the globe, followed by global giants like Saudi Arabia, Russia, and China. India is also witnessing rapid growth in its consumption, which not just reflects India’s economic aspirations but also increasing energy requirements.