5 Countries with Highest Crude Oil Production in 2024

In this article, we will take a look at the top 5 countries with the highest crude oil production in 2024. If you wish to see our detailed analysis, you can go to 25 Countries with Highest Crude Oil Production in 2024.

5. Iraq

Oil Production: 221.3 Million Tonnes

Iraq produced 221.3 million tonnes of oil in 2022. The country holds one of the largest proven crude oil reserves in the world and ranks as one of the countries with the highest crude oil production globally.

4. Canada

Oil Production: 274.0 Million Tonnes

In 2022, the oil production in Canada was recorded at 274.0 million tonnes. The oil and natural gas production in the country also largely contributes to its GDP.

3. Russia

Oil Production: 548.5 Million Tonnes

Russia ranks as the third largest oil producer in the world. In 2022, the country produced 548.5 million tonnes of oil. The country’s oil output has been expected to remain steady in 2024 despite the effects of the Russian invasion of Ukraine.

2. Saudi Arabia

Oil Production: 573.1 Million Tonnes

The total oil production in Saudi Arabia was recorded at 573.1 million tonnes in 2022. The country is a major oil exporter and ranks among other countries with the highest oil production.

1. The United States

Oil Production: 759.5 Million Tonnes

The United States ranks at the top of the 25 countries with the highest crude oil production. In 2022, the country produced 759.5 million tonnes of oil. In 2022, five major oil-producing states in the US included Texas, New Mexico, North Dakota, Colorado, and Alaska.

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