Top 5 Oil Producing Countries in 2023

3. Russia

Oil Production: 11,202,000 Barrels Per Day

Market Share: 11.9%

Russia, the largest country in the world by area, ranks third in our list of top 30 oil producing countries in 2023. The oil industry in Russia ranks among some of the largest in the world. According to the most recent reported data, Russia produces more than 11.2 million barrels per day.