5 Countries That Produce the Most Oil In The World

2. Saudi Arabia

Oil Production: 12,136,000 Barrels Per Day

Market Share: 12.9%

Saudi Arabia is the largest country in the Middle East by area. It is also one of the largest exporters of oil. Saudi Arabian Oil Co (TADAWUL:2222), commonly referred to as Saudi Aramco, is the world’s largest integrated energy and chemicals company. Producing over 12.13 million barrels of oil per day, Saudi Arabia is the second largest oil producing country in the world.