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FX.co ★ Countries influencing oil prices

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Фотоновини:::2018-07-04T15:55:35

Countries influencing oil prices

Saudi Arabia is the largest OPEC member in terms of production. The country produces 9.96 million barrels per day; 6.97 million barrels are exported, according to the cartel. In the BP statistical yearbook, one of the most authoritative statistics on oil, there are other figures: thus, in 2017 Saudi Arabia produced 11.95 million barrels per day.

Countries influencing oil prices

According to OPEC, Iraq's production in 2017 was 4.47 million barrels per day, exports - 3.802 million barrels. BP estimates the extraction of Iraq in 2017 at 4.52 million barrels per day.

Countries influencing oil prices

Iran's production was estimated at 3.87 million barrels per day, exporting 2.125 million barrels per day (2017). BP cites other figures: Iran's production in 2017 was 4.98 million barrels per day.

Countries influencing oil prices

According to OPEC, the United Arab Emirates in 2017 produced 2.97 million barrels per day; 2.38 million barrels were exported. According to BP, the UAE produced 3.94 million barrels per day.

Countries influencing oil prices

Another OPEC participant, Kuwait, produced 2.7 million barrels per day while exporting 2.01 million barrels in 2017.

Countries influencing oil prices

In the past year, Venezuela produced 2.035 million barrels per day, according to OPEC, and 2.11 million barrels, according to BP. Exports were 1.6 million barrels.


Countries influencing oil prices

The extraction of Angola in 2017 was 1.63 million barrels per day, exports - 1.58 million barrels per day. According to BP, the country produced 1.67 million barrels per day.

Countries influencing oil prices

Nigeria is the largest African country that is part of OPEC. According to the cartel for 2017, the country produced 1.5 million barrels per day, while exporting 1.8 million barrels. According to OPEC, exports exceed production. BP cites other production figures: 1.99 million barrels per day.

Countries influencing oil prices

Algeria is another African country that is a member of OPEC. The country produced 1.06 million barrels per day (OPEC data), or 1.54 million barrels (BP data). The export was 632,600 barrels per day.

Countries influencing oil prices

Last year, Libya produced 817,000 barrels per day (according to OPEC) and exported 792,100 barrels per day. According to BP estimates, Libya's production was 865,000 barrels per day.

Countries influencing oil prices

OPEC estimates Qatar's production in 2017 at only 600,000 barrels per day, and BP - at 9 million barrels per day. OPEC's assessments of exports are 466,000 barrels per day.

Countries influencing oil prices
The extraction of Ecuador in 2017 was estimated at 531,000 barrels per day by both OPEC and BP. Export, according to OPEC, was 385,400 barrels per day.


Countries influencing oil prices

Gabon, that returned to the cartel in July 2016, according to OPEC, produced last year 210,000 barrels per day and exported 188,400 barrels per day. According to BP, Gabon's production was 200,000 barrels per day.

Countries influencing oil prices

In the spring of 2017, Equatorial Guinea joined OPEC. According to the organization, the country last year produced 129,000 barrels per day and exported 128,200 barrels per day. BP estimates the extraction of Equatorial Guinea at 199,000 barrels per day.

Countries influencing oil prices
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