Top 10 producers
1. Russia 10,120,000 bbl/day
2. Suadi Arabia 9,764,000 bbl/day
3. United States 9,056,000 bbl/day
4. Iran 4,172,000 bbl/ day
5. China 3,991,000 bbl/ day
6. Canada 3,289,000 bbl/day
7. Mexico 3,001,000 bbl/day
8. UAE 2,798,000 bbl/day
9. Brazil 2,572,000 bbl/day
10. Kuwait 2,494,000 bbl/day
Top 10 of oil Export
1. Saudi Arabia 8,728,000 bbl/day
2. Russian 5,430,000 bbl/day
3. UAE 2,700,000 bbl/day
4. Iran 2,400,000 bbl/day
5. Kuwait 2,349,000 bbl/day
6. Nigeria 2,327,000 bbl/day
7. Venezuela 2,182,000 bbl/day
8. Norway 2,150,000 bbl/day
9. Canada 2,000,000 bbl/ day
10. Iraq 1,910,000 bbl/day
Oil producers, oil Exporters and oil Based economies depends on several factors such as the number of imports and exports of oil every day, types of industries, economy nature and infrastructure. Also we can say that, the oil based economy means that the country depends on least 50% on oil like gulf countries. On the other hand, these incomes help the countries in process of creating jobs for people and reduce the unemployment.
Most of the countries in OPEC are oil based economy and being an oil based economy is a requirement to be member in OPEC due to their aim and they were established on this base, were all the members of the organization are oil based economy and they joined to it to work on increasing their revenues from selling the oil in the global market.
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