Even with the
initiation of green economy, oil is still considered a precious commodity that
has the power and ability to create the fortunes of different nations around
the world. Number of Fuel markets have abundance of causes to be spooked. Libya
is considered the home of Africa’s Crude oil reserves than all other African
nations. Today no one can deny the importance of Fuel due to the world’s
largest running commodity. There is no country having no fuel consumption but
their production, import and export vary from each other. Currently Russia is
the largest oil-producing country with more than 10,730,000 BB/per day and
contributing to 12.65% in global fuel output. Russia has world’s leading
Petroleum industry. It is the largest natural gas exporting nation in the
world. Similarly it is considered world’s third largest energy-consuming nation
too so by the figures of export, Saudi Arabia leads Russia exporting 7,635,000
barrels of refined oil each day.KSA produces 10.3 Million Barrels per day in
totals - See more at:
Rank
|
Country
|
Oil Exports (BB/Day)
|
1.
|
Saudi
Arabia
|
7,635,000
|
2.
|
Russia
|
5,010,000
|
3.
|
Iran
|
2,523,000
|
4.
|
United
Arab Emirates
|
2,395,000
|
5.
|
Norway
|
2,184,000
|
6.
|
Iraq
|
2,170,000
|
7.
|
Kuwait
|
2,127,000
|
8.
|
Nigeria
|
2,102,000
|
9.
|
Canada
|
1,929,000
|
10.
|
United
States
|
1,920,000
|
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