Countries with the Highest Daily Oil Production in 2023

Barrels per day (bpd) is a common unit of measure used in the oil industry to quantify daily production rates. It represents the volume of crude oil produced per day, with 1 barrel equal to 42 US gallons or approximately 159 liters.

In 2023, global oil production remained crucial to energy markets, and this ranking highlights the major players in the industry. The United States stands out as the largest producer with a daily output of 13.3 million barrels, maintaining its dominance thanks to its advanced extraction technologies, including hydraulic fracturing and shale oil production. Russia, despite geopolitical tensions and sanctions related to the war in Ukraine, still produced 10.27 million barrels per day, securing its position as the second-largest producer. Saudi Arabia, traditionally one of the most influential members of OPEC, ranked third with 8.95 million barrels per day, balancing market control and global supply concerns.

Canada and Iraq also make the top five, contributing 4.99 million and 4.44 million barrels per day, respectively. Canada’s output is driven by its vast oil sands reserves, while Iraq continues to recover and expand its production capacity following years of conflict. Notable producers outside the top five include China, Iran, and Brazil, which each contribute significant volumes to global supply, with daily outputs between 3 and 4.17 million barrels.

It's interesting to note that oil production is not limited to OPEC countries; several non-OPEC nations, such as the United States, Canada, and Brazil, play increasingly important roles. The United Arab Emirates and Kuwait, ranked ninth and tenth, reflect the continued dominance of the Middle East in global oil markets. Meanwhile, countries like Mexico, the United Kingdom, Indonesia, and Australia, though further down the ranking, contribute meaningfully to regional markets and energy security.