Top Producers and Consumers of Oil
- January 20, 2022
- Posted by: OptimizeIAS Team
- Category: DPN Topics
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Top Producers and Consumers of Oil
Subject – Economy
Context – Crude oil hits 7-year high
Concept –
The largest oil producers and share of total world oil production in 2020
| Country | Share of World Total |
| United States | 20% |
| Saudi Arabia | 12% |
| Russia | 11% |
The largest oil consumers and share of total world oil consumption in 2019
| Country | Share of World Total |
| United States | 20% |
| China | 14% |
| India | 5% |