5 Biggest Oil Producing Countries in Asia

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1. Saudi Arabia

BBL/D/1K: 9,011

At number one we have Saudi Arabia. With an oil production rate of 9,011 thousand barrels per day in February 2024, Saudi Arabia maintains its status as a global energy powerhouse. The Kingdom plays an important role in the global oil market, especially within OPEC, influencing supply dynamics and pricing strategies globally. With an aim to stabilize the market in the face of a softening economic outlook, notably in China, Saudi Arabia stated in July 2023 that it would be cutting oil output by an extra 1 million barrels per day.

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