World Top Oil Producing Nations

Unrest in the Middle East has put investors on high alert as crude oil prices move seemingly with every development in the region.
In order to understand the effect of those events on both US and global oil markets, a key figure to watch is the amount of crude oil produced daily in each country. With data from the Energy Information Administration (EIA), a division of the Department of Energy.
The numbers that follow are the most recent available from the EIA, dating from November 2010, unless otherwise noted. As a result, the numbers represent daily production levels of countries under normal circumstances prior to the recent events in the Middle East.
Interestingly, Libya ranks as only the 17th largest oil producer in the world and imported 32,000 barrels of crude per day to the United States in December 2010, representing an average of approximately 0.37% of daily US crude imports that month.


 15. Norway  
Crude production: 2.14 million barrels per day
Share of world production: 2.45%
Daily crude exports to the US: 35,000*
Proven reserves: 6.7 billion barrels
*Export daily average in October 2010. From July-August 2010, daily exports ranged from 10,000 barrels to 31,000 barrels per day.

 14. Algeria  
Crude production: 2.16 million barrels per day
Share of world production: 2.47%
Daily crude exports to the US: 262,000 barrels
Proven reserves: 12.2 billion barrels

 13. Venezuela
Crude production: 2.35 million barrels per day
Share of world production: 2.8%
Daily crude exports to the US: 825,000 barrels
Proven reserves: 99.4 billion barrels

 12. Iraq  
Crude production: 2.39 million barrels per day
Share of world production: 2.81%
Daily crude exports to the US: 336,000 barrels
Proven reserves: 115 billion barrels

 11. Kuwait
Crude production: 2.5 million barrels per day
Share of world production: 2.93%
Daily crude exports to the US: 125,000 barrels
Proven reserves: 101.5 billion barrels

 10. Nigeria
Crude production: 2.51 million barrels per day
Share of world production: 2.95%
Daily crude exports to the US: 1.02 million barrels
Proven reserves: 37.2 billion barrels

 9. Brazil
Crude production: 2.75 million barrels per day
Share of world production: 3.2%
Daily crude exports to the US: 271,000 barrels
Proven reserves: 12.8 billion barrels

 8. United Arab Emirates
Crude production: 2.81 million barrels per day
Share of world production: 3.3%
Daily crude exports to the US: 10,000 barrels*
Proven reserves: 97.8 billion barrels

 7. Mexico
Crude production: 2.88 million barrels per day
Share of world production: 3.39%
Daily crude exports to the US: 1.22 million barrels
Proven reserves: 10.4 billion barrels

 6. Canada
Crude production: 3.7 million barrels per day
Share of world production: 4.3%
Daily crude exports to the US: 2.06 million barrels
Proven reserves: 175.2 billion barrels

 5. Iran
Crude production: 4.2 million barrels per day
Share of world production: 4.9%
Daily crude exports to the US: 0
Proven reserves: 137.6 billion barrels

 4. China
Crude production: 4.26 million barrels per day
Share of world production: 5.0%
Daily crude exports to the US: 8,000 barrels*
Proven reserves: 20.4 billion barrels

 3. United States
Crude production: 8.85 million barrels per day
Share of world production: 10.4%
Total crude imports: 8.63 million barrels per day
Proven reserves: 19.2 billion barrels

 2. Russia
Crude production: 9.91 million barrels per day
Share of world production: 11.6%
Daily crude exports to the US: 158,000 barrels
Proven reserves: 60 billion barrels

 1. Saudi Arabia
Crude production: 10.3 million barrels per day
Share of world production: 12.1%
Daily crude exports to the US: 1.08 million barrels
Proven reserves: 259.9 billion barrels

( source : CNBC )

Notes :
  Total daily crude imports to US  : 8.63 million barrels
  Total world proven reserves from top 15 producing countries  : 1165.3 billion barrels

  North Africa and Arab World    : 7 out of 15 countries
  Share of world production          :  31.46 %                 
  Daily crude exports to US          :  2.833 million barrels ( 32.82 % of total export to US )
  Proven reserves                         :  761.2 billion  barrels ( 65.32 % of top 15 countries )

   South America                          : 3 out of 15
   Share of world production         :  9.39 %   
   Daily crude exports to US         :  2.31 million barrels ( 26.76 % )
   Proven reserves                        :  122.6 billion barrels ( 10.52 % )

  Top 15 excluding South Africa and Arab World, South America
   Share of world production         : 33.75 %
   Daily crude exports to US         : 3.487 million barrels ( 41.04 % )
   Proven reserves                        : 281.5 billion barrels of ( 24.16 % )