5 Countries That Produce the Most Oil in the World

2. Saudi Arabia

2021 Oil Production (million barrels per day): 10.95

Saudi Arabia is an energy superpower given the country has around 17% of the world’s proven oil reserves with 267.2 million barrels and average daily oil production of 10.95 million barrels per day in 2021. The country is also a major exporter with crude oil exports of 6.23 million barrels per day in 2021. With its production, Saudi Arabia ranks #2 on our list of 15 Countries That Produce the Most Oil in the World.