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1. www.statista.com › statistics › 1360491Annual oil production by region 1965-2022 | Statista

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   5 days ago · Since the 1960s, the Middle East has been the global region that has produced the largest quantity of crude oil in most years, followed by North America, and then the Commonwealth of...

2. www.statista.com › topics › 6818Big Oil - statistics & facts | Statista

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   4 days ago · Used as a term to describe the world’s six largest and most influential publicly-traded oil and natural gas producers – Big Oil refers to BP, Chevron, Eni, ExxonMobil, Shell, and...

3. Videos

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     Oil Production by Country in Last 120 Years (1900-2020)

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     Top 10 Countries by Oil Production (1965-2021)

     May 21, 2021

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     Top 12 countries with highest oil production, from 1900 to 2019

     Nov 22, 2021

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4. www.cmegroup.com › education › coursesDiscover WTI: A Global Benchmark - CME Group

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   2 days ago · WTI refers to “West Texas Intermediate,” which is a U.S. blend of several streams of domestic light, sweet crude oil. The delivery point is located in Cushing, Oklahoma, which is home to 90 million barrels of storage capacity.

5. www.ogv.energy › news-item › top-10-oil-and-gasTop 10 Oil and Gas Companies Shaping the Industry

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   1 day ago · As of mid-2023, Petrobras boasts a market capitalization of approximately 75.3 billion U.S. dollars, making it one of the largest oil and gas companies globally. By July 2024, this figure had adjusted to a market cap of $94.97 billion, positioning Petrobras as the world’s 172nd most valuable company by market cap.

6. www.cmegroup.com › education › coursesLearn about Crude Oil Across Asia Region - CME Group

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   4 days ago · The most well-known oil benchmarks are WTI, Brent and Dubai. The WTI benchmark price is based on a blended series of crude oil streams produced in the U.S. mid-continent. It is physically delivered into Cushing, Oklahoma from the U.S. Gulf Coast and mid-continent, via rail and inter-connected pipelines.

7. www.forbes.com › sites › rrapierU.S. Oil Production Extends Massive Lead Over Russia And ...

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   3 days ago · The U.S. produced 15.6% of the world’s oil in 2023, extending its lead over Saudi Arabia and Russia. Here were the Top 10 producers of crude oil plus condensate in 2023:

8. People also ask

   Which region produces the most crude oil in the world?

   • * Prices do not include sales tax. Since the 1960s, the Middle East has been the global region that has produced the largest quantity of crude oil in most years, followed by North America, and then the Commonwealth of Independent States (most of the former-USSR).

   Annual oil production by region 1965-2021 | Statista

   www.statista.com/statistics/1360491/oil-production-world-regions-twh/

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   Which country produces the most oil in 2023?

   • The Top Producers In both the conventional categories of crude plus condensate — as well as the category that includes NGLs — the United States was the world’s top oil producer in 2023. The U.S. produced 15.6% of the world’s oil in 2023, extending its lead over Saudi Arabia and Russia.

   U.S. Oil Production Extends Massive Lead Over Russia And Saudi Arabia

   www.forbes.com/sites/rrapier/2024/07/05/us-oil-production-extends-massive-lead-over-russia-and-saudi-arabia/

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   Which country has the largest oil refining market?

   • China surpassed the U.S. as the largest oil refining market by capacity, reaching 18.5 million barrels per day, although its refinery utilization rate of nearly 82% was still lower than the U.S. rate of around 87%. The Top Producers

   U.S. Oil Production Extends Massive Lead Over Russia And Saudi Arabia

   www.forbes.com/sites/rrapier/2024/07/05/us-oil-production-extends-massive-lead-over-russia-and-saudi-arabia/

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   Which country consumes the most oil in 2022?

   • In 2022, China consumed 659.2 million metric tons of oil, while Hong Kong consumed around 11 million metric tons of oil. During the period under consideration, figures presented a trend of growth, with an increase of nearly 340 million metric tons. The East Asian country is the world's largest primary energy consumer .

   China: oil consumption 2022 | Statista

   www.statista.com/statistics/264355/chinese-oil-consumption/

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9. www.statista.com › statistics › 264355China: oil consumption 2023 | Statista

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   6 days ago · In 2023, China consumed 768.6 million metric tons of oil, while Hong Kong consumed around 13.3 million metric tons of oil.