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1. • About 60 percent

     • OPEC member countries produce about 40 percent of the world's crude oil. Equally important to global prices, OPEC's oil exports represent about 60 percent of the total petroleum traded internationally.
     www.eia.gov/finance/markets/crudeoil/supply-opec.php

     U.S. Energy Information Administration - EIA - Independent ...

2. www.statista.com › topics › 1830OPEC - statistics & facts | Statista

   www.statista.com › topics › 1830

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   Aug 8, 2024 · OPEC oil exports 2012-2023, by region. How much oil does the OPEC produce? Discover all relevant statistics and facts on the OPEC now on statista.com!

   • Global Natural Gas Production OPEC Share 2021

     Global Natural Gas Production OPEC Share 2021 - OPEC -...

   • Global Oil Exports of OPEC Countries

     Saudi Arabia was the leading OPEC country in terms of global...

   • OPEC's Net Oil Export Revenue

     OPEC produces around 40 percent of the world’s total crude...

   • Global Natural Gas Reserves OPEC Share 2021

     Global Natural Gas Reserves OPEC Share 2021 - OPEC -...

3. www.statista.com › opec-net-oil-export-revenueOil export revenue from OPEC 2024 - Statista

   www.statista.com › opec-net-oil-export-revenue

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   Jul 23, 2024 · OPEC produces around 40 percent of the world’s total crude oil. Saudi Arabia is one of the largest oil exporters among the OPEC. The country sells around six million barrels of oil per day ...

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5. www.opec.org › opec_web › static_files_project2022 OPEC Annual Statistical Bulletin

   www.opec.org › opec_web › static_files_project

   Table 5.1 OPEC Members’ crude oil exports by destination 46 Table 5.2 World crude oil exports by country 48 Table 5.3 World exports of petroleum products by country 49

6. www.eia.gov › finance › marketsU.S. Energy Information Administration - EIA - Independent ...

   www.eia.gov › finance › markets

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   Nov 13, 2024 · OPEC member countries produce about 40 percent of the world's crude oil. Equally important to global prices, OPEC's oil exports represent about 60 percent of the total petroleum traded internationally.

7. www.reuters.com › markets › commoditiesWhat is OPEC+ and how does it affect oil prices? | Reuters

   www.reuters.com › markets › commodities

   May 24, 2024 · OPEC says its member states' exports account for about 49% of global crude exports. OPEC estimates that its member countries hold about 80% of the world's proven oil reserves.

8. www.eia.gov › OPEC_Revenues_Fact_Sheet › opecOPEC Revenues Fact Sheet - U.S. Energy Information ...

   www.eia.gov › OPEC_Revenues_Fact_Sheet › opec

   Jun 28, 2023 · The increase in net export revenue in 2022 is mostly attributable to higher crude oil prices, and to a lesser degree to higher petroleum liquids production. OPEC total oil output rose to nearly 34.2 million barrels per day (b/d), increasing 2.5 million b/d year-on-year.

9. People also ask

   How much oil does OPEC produce?

   • OPEC produces around 40 percent of the world’s total crude oil. Saudi Arabia is one of the largest oil exporters among the OPEC. The country sells around six million barrels of oil per day overseas. In total, some 19.7 million barrels of oil was exported per day by OPEC regions in 2021.

   Oil export revenue from OPEC 2024 | Statista

   www.statista.com/statistics/223241/opec-net-oil-export-revenue/

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   Why is OPEC a major oil producer?

   • The supply restrictions that began in 1970 enabled a significant increase in oil prices and thus, OPEC’s revenues. OPEC produces around 40 percent of the world’s total crude oil. Saudi Arabia is one of the largest oil exporters among the OPEC. The country sells around six million barrels of oil per day overseas.

   Oil export revenue from OPEC 2024 | Statista

   www.statista.com/statistics/223241/opec-net-oil-export-revenue/

   See all results for this question

   Why did OPEC increase net export revenue in 2022?

   • The increase in net export revenue in 2022 is mostly attributable to higher crude oil prices, and to a lesser degree to higher petroleum liquids production. OPEC total oil output rose to nearly 34.2 million barrels per day (b/d), increasing 2.5 million b/d year-on-year.

   OPEC Revenues Fact Sheet - U.S. Energy Information Administration (EIA)

   www.eia.gov/international/content/analysis/special_topics/OPEC_Revenues_Fact_Sheet/opec.pdf

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   How does OPEC oil affect global oil prices?

   • Saudi Arabia is one of the largest oil exporters among the OPEC. The country sells around six million barrels of oil per day overseas. In total, some 19.7 million barrels of oil was exported per day by OPEC regions in 2021. OPEC crude oil production can strongly impact global oil prices, especially during periods of war or upheaval.

   Oil export revenue from OPEC 2024 | Statista

   www.statista.com/statistics/223241/opec-net-oil-export-revenue/

   See all results for this question

   Which OPEC member produces the most crude oil in 2022?

   • Saudi Arabia produces the most crude oil among OPEC members, and it accounted for the largest share of OPEC total revenue in 2022. We estimate that Saudi Arabia's net export revenue was $311 billion, which accounted for about 35% of all OPEC oil revenue in 2022. OPEC's Reference Basket price increased by 47% in 2022 compared with 2021 (nominal $).

   OPEC Revenues Fact Sheet - U.S. Energy Information Administration (EIA)

   www.eia.gov/international/content/analysis/special_topics/OPEC_Revenues_Fact_Sheet/opec.pdf

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   How much oil did OPEC export in 2021?

   • b/d in 2021 amid bullish oil demand.OPEC Member Countries exported an average of 19.66m b/d of crude oil in 2021, a slight decrease of about 0.04m b/d, or 0.2 per cent, compared to 2020 an remaining below pre-pandemic levels. Following the pattern seen in previous years, the bulk of crude oil from OPEC Member Countries — 14.24m b/d or 7

   2022 OPEC Annual Statistical Bulletin

   www.opec.org/opec_web/static_files_project/media/downloads/publications/ASB_2022.pdf

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10. asb.opec.org › data › ASB_DataOPEC Digital Publications - Annual Statistical Bulletin

    asb.opec.org › data › ASB_Data

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    In 2023, for example, global oil demand expanded, year-on-year, by 2.6 million barrels of oil a day (mb/d) to reach an average of 102.2 mb/d. In addition, demand grew in almost every region, with the non-OECD leading the way.