Largest Oil Producers in the World: The Top 13 Countries in 2025
The largest oil producers in the world play a central role in the global energy economy. Countries such as the United States, Saudi Arabia, Russia, Canada, Iran, China, Kuwait, Norway, the United Arab Emirates, and Iraq rank among the world’s largest oil producers. Each of these countries holds a significant share of the global oil market and plays a major role in determining global energy prices. In particular, the United States stands as the world’s largest oil producer, followed by Saudi Arabia and Russia. Many of these countries, by possessing vast oil reserves, rank among the most influential economic and political powers at the international level.
Therefore, in this article from the Iran ETrade blog, we introduce the major oil-producing countries. The Iran ETrade website is an online platform for providing bitumen price and petroleum product prices and aims to facilitate traders’ activities in the global bitumen market.
Who Are The Largest Oil Producers In The World?
The United States, with a production of 20 million barrels of oil per day, is the largest oil producer in the world. Saudi Arabia and Russia rank second and third, producing 11 and 10.8 million barrels of oil per day, respectively.
The 13 largest oil producers in the world (as of 2025) are the United States, Saudi Arabia, Russia, Canada, China, Iran, Iraq, the United Arab Emirates, Kuwait, Norway, Kazakhstan, Brazil, and Mexico. In the following sections in this article from the Iran ETrade blog,, we will examine these countries in detail.
The world’s largest oil producers (such as the United States, Saudi Arabia, Russia, Canada, Iran, China, Iraq, the United Arab Emirates, Kuwait, Brazil, Norway, Kazakhstan, and Mexico) play a key role in the global oil market and in setting the energy prices. The United States, with its production of oil exceeding 20 million barrels per day, is the world’s largest oil producer, followed by Saudi Arabia and Russia. Therefore, with vast oil reserves and extensive exports, these countries rank among the world’s major economic and political powers. However, fluctuations in oil prices may directly affect the economies of developing countries.
1. The Largest Oil Producer in The World: United States of America
The United States of America produces around 20 million barrels of oil per day. This amount accounts for nearly 22% of global oil production. Therefore, this makes the United States the largest oil producer in the world. The United States is also the world’s largest oil consumer, and its oil imports reach approximately 8.5 million barrels per day.
The boom in Chile’s oil, along with access to advanced technologies such as hydraulic fracturing and horizontal drilling, has placed the United States at the top of the world’s largest oil-producing countries. The U.S also stands as the largest producer of crude oil and gas condensates.
2. The Largest Oil Producers in the World: Saudi Arabia
Among the largest oil producers in the world, the United States is the largest oil consumer, while Saudi Arabia is the world’s largest oil exporter.
After the United States, Saudi Arabia produces around 11 million barrels of oil per day and ranks as the world’s second-largest oil producer. As the world’s largest oil exporter, this country holds approximately 15 to 17 percent of the world’s oil reserves.
The oil and gas industry accounts for nearly 50 percent of Saudi Arabia’s gross domestic product and about 70 percent of its export revenues. In addition, the world’s largest bitumen refineries are located in countries such as India, Saudi Arabia, the United States, South Korea, Iran, and Venezuela.
3. Russia
Russia is another major oil-producing country in the world, with daily oil production reaching about 10.8 million barrels.
Despite sanctions and trade restrictions following its invasion of Ukraine, Russia remains one of the major oil producers and ranks third, accounting for nearly 11 percent of global production.
Furthermore, Russia exports oil and natural gas to many regions of the world, especially China and Europe.
4. Canada
Canada is among the largest oil producers in the world, producing almost 5.9 million barrels of oil per day. Although Canada ranks twenty-second globally in terms of oil reserves, it stands as the largest oil exporter to the United States.
In addition, Canada is also one of the world’s largest oil consumers. For instance, in 2023, with a daily consumption of 2,351,000 barrels, it ranked as the 9th largest oil-consuming country in the world.
| World’s largest oil producers | Daily production (per million barrel) | Global market share |
|---|---|---|
| USA | 20 | 22% |
| Saudi Arabia | 11 | 12% |
| Russia | 10.8 | 11% |
| Canada | 5.9 | 6% |
| Iran | 3.5 | 4% |
| Iraq | 4.4 | 5% |
| China | 4.9 | 5% |
| Brazil | 4.2 | 4% |
| UAE | 4.1 | 4% |
| Kuwait | 2.9 | 3% |
| Kazakhstan | 1.8 | 2% |
| Mexico | 1.9 | 2% |
| Norway | 1.8 | 2% |
5. The Largest Oil Producers in the World: Iran
Iran, along with Saudi Arabia, Kuwait, the United Arab Emirates, and Iraq, ranks among the top oil-producing countries in the Middle East.
Iran is a major oil producer, producing about 3.5 million barrels of oil per day. It also holds the world’s third-largest oil reserves, totalling 208.6 billion barrels, and ranks as the twelfth-largest oil consumer globally.
6. Iraq
Iraq produces 4.4 million barrels of oil per day and is one of the largest oil producers in the world. With approximately 145 billion barrels of oil reserves, the country holds the world’s fourth-largest oil reserves and is also the fourth-largest oil exporter to the United States.
Meanwhile, in terms of oil consumption, Iraq ranks twenty-fourth globally.
7. The Largest Oil Producer in The World: China
China produces 4.9 million barrels of oil per day. It is the second-largest oil consumer and the world’s largest net importer of oil.
Over half of China’s imported oil, approximately 55 percent, comes from OPEC member countries. Chinese oil companies have turned to advanced technologies, such as water, steam, and polymer injection, to enhance oil recovery and offset potential production declines.
8. Brazil
With a daily oil production of 4.2 million barrels, Brazil is one of the largest oil producers in the world. Also, Brazil is the sixth-largest oil exporter to the United States and the eighth-largest oil consumer globally. In terms of oil reserves, Brazil ranks fourteenth in the world.
9. The Largest Oil Producers in the World: United Arab Emirates
Norway, Kazakhstan, Brazil, Mexico, and China also rank among the major oil producers in the global market.
Another major oil producer in the world, the United Arab Emirates, produces approximately 4.1 million barrels of oil per day. UAE also holds the world’s fifth-largest oil reserves, totalling 113 billion barrels (as of 2022).
10. Kuwait
Oil accounts for about 60% of Kuwait’s gross domestic product and just over 95% of its export revenues. As a member of OPEC, Kuwait produces 2.9 million barrels of oil per day and ranks among the world’s largest oil producers. Kuwait also holds approximately 7% of the world’s oil reserves.
11. The Largest Oil Producer in The World: Kazakhstan
Another major oil-producing country is Kazakhstan, which produces 1.8 million barrels of oil per day. It holds approximately 1.82% of the world’s total oil reserves and exports about 73% of its oil production.
12. Mexico
Mexico produces 1.9 million barrels of oil per day and is one of the largest oil producers in the world. The country’s oil reserves are roughly 13 times its annual consumption.
13. Norway
Norway produces almost 1.8 million barrels of oil per day. It also holds a special position among the world’s largest oil producers, particularly due to its oil exports to the European market.
Norway is also significant for its oil system, based on the North Sea, and its advanced management in production and environmental protection.
Impact of Oil Production on Developing Countries
Developing countries rely on oil imports from major oil producers to meet their energy needs. In addition, fluctuations in oil prices directly affect their economies. This leads to potentially reducing their economic growth and foreign investment, and causing instability in their government revenues.
Oil market instability also increases income inequality and limits sustainable development. In contrast, major oil-producing countries, such as the United Arab Emirates and the United States, support poorer nations by providing financial and development aid in areas like education, healthcare, and sustainable energy.
These efforts play a significant role in reducing poverty and increasing security in their societies.
Frequently Asked Questions
In this article, we introduced 13 major oil-producing countries in the world. Now, we will answer some of the most frequently asked questions about the largest oil producers in the world.
Which Countries Are The Largest Oil Producers in The World?
The United States, Saudi Arabia, Russia, Canada, Iran, Iraq, China, Brazil, the United Arab Emirates, Kuwait, Kazakhstan, Mexico, and Norway are the world’s largest oil producers.
Which Countries Are The Largest Bitumen Consumers in The World?
Countries with extensive road construction and building infrastructure, such as the United States, China, India, and European nations, are the largest bitumen consumers in the world.
Which Country is The Largest Oil Producer in The Middle East?
Saudi Arabia, which produces 10.9 million barrels of oil per day, is the largest oil producer in the Middle East.
Which Are The Largest Oil Companies in the World?
The largest oil companies in the world are: Saudi Aramco from Saudi Arabia, China Petroleum & Chemical Corp (Sinopec) and PetroChina Co. Ltd. from China, ExxonMobil Corp. from the United States, and Shell PLC from the United Kingdom and the Netherlands. Most of these companies are located in the largest oil producers in the world.
source: investopedia
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