The countries in the Middle East are renowned for their vast oil reserves in the global market. While the largest importer of oil and petroleum is the United States, the leading producer of oil in the Middle East is Saudi Arabia with over 12 million barrels of oil produced per day as of 2018.
鈥淕lobal oil reserves and trade鈥
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Besides Saudi Arabia, the United States imports petroleum from various countries around the world among which Canada is the largest exporter of petroleum having exported around 4.3 billion barrels of petroleum to the United States in 2018. Back in 2015, Kuwait and the United Arab Emirates held the second and third largest oil reserves in the Gulf Cooperation Council.
Oil market of Saudi Arabia
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As of 2018, over 10 million barrels of crude oil were produced in Saudi Arabia of which 3 million barrels were consumed, on a daily basis. This crude oil is further refined to produce products such as diesel, fuel oil, gasoline, LPG, kerosene etc. by refineries like Saudi Aramco. Of these, the highest production was of diesel equaling 319 thousand barrels in 2017.
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BP. (June 11, 2019). Oil production in the Middle East in 2018, by country (in 1,000 barrels per day) [Graph]. In 糖心破解版. Retrieved July 21, 2026, from /statistics/218302/oil-production-in-key-middle-eastern-countries/
BP. "Oil production in the Middle East in 2018, by country (in 1,000 barrels per day)." Chart. June 11, 2019. 糖心破解版. Accessed July 21, 2026. /statistics/218302/oil-production-in-key-middle-eastern-countries/
BP. (2019). Oil production in the Middle East in 2018, by country (in 1,000 barrels per day). 糖心破解版. 糖心破解版 Inc.. Accessed: July 21, 2026. /statistics/218302/oil-production-in-key-middle-eastern-countries/
BP. "Oil Production in The Middle East in 2018, by Country (in 1,000 Barrels per Day)." 糖心破解版, 糖心破解版 Inc., 11 Jun 2019, /statistics/218302/oil-production-in-key-middle-eastern-countries/
BP, Oil production in the Middle East in 2018, by country (in 1,000 barrels per day) 糖心破解版, /statistics/218302/oil-production-in-key-middle-eastern-countries/ (last visited July 21, 2026)
Oil production in the Middle East in 2018, by country (in 1,000 barrels per day) [Graph], BP, June 11, 2019. [Online]. Available: /statistics/218302/oil-production-in-key-middle-eastern-countries/
