Oil production: United States outperform Saudi Arabia in BP ranking
The United States became the world’s largest oil producer for the first time since 1975, surpassing Saudi Arabia, thanks to shale oil. The announcement was made on Wednesday by British oil company BP. The company also presented data on world oil production, saying that the supply of the commodity never grew as much as last year, with an increase of 2.1 million barrels per day.
This increase is mainly explained by the growth of 1.6 million barrels per day of American production. Oil production grew 15.9% in the United States last year, while that of Brazil rose 2%, BP shows. Find out which are the ten largest oil producing countries in the world.
1. United States
The country produced 11.64 million barrels per day in 2014, an increase of 15.9% over the previous year.
2. Saudi Arabia
The Middle East country was overtaken by the United States because its production grew by only 0.9% to 11.5 million barrels per day in 2014.
Russian output rose only 0.6% last year, reaching 10.83 million barrels per day.
With growth of 7.9% in production in 2014, the country surpassed China in the ranking, extracting 4.3 million barrels per day.
Chinese output grew just 0.7% last year, a figure of 4.24 million barrels per day.
6. United Arab Emirates
(Hemera / Getty Images / VEJA)
The United Arab Emirates saw their production advance 0.9% last year to 3.71 million barrels per day.
Iranian oil production jumped 2 percent last year to 3.61 million barrels a day.
(Nabil al-Jurani / AP / VEJA)
Iraqi production rose 4.6 percent last year to 3.28 million barrels a day.
View of the City of Kuwait View of the City of Kuwait (Getty / VEJA)
Kuwait’s oil output declined in 2014, according to BP. The fall of 0.5% caused production to stand at 3.12 million barrels per day.
Mexican production showed one of the most significant declines, according to BP: of 3.3% last year. Production was 2.78 million barrels per day.