Oil Production Imports Exports

Oil Producers - Top 10 Oil Producing Countries in millions of barrels per day -  USA 15.6 Saudi Arabia 12.1 Russia 11.2 Canada 5.0 China 4.8 Iran 4.7 Iraq 4.5 UAE 3.7 Brazil 3.4 Kuwait 2.9 *2017 production in million barrels per day Source: US Energy Information Administration (EIA)
https://www.bizvibe.com/blog/top-oil-producing-countries/

Oil Importers - Below are the 15 countries that imported the highest dollar value worth of crude oil during 2017:

1.    China: US$162.2 billion (18.6% of total crude oil imports)

2.    United States: $139.1 billion (15.9%)

3.    Japan: $63.7 billion (7.3%)

4.    India: $60.2 billion (6.9%)

5.    South Korea: $59.6 billion (6.8%)

6.    Netherlands: $37.4 billion (4.3%)

7.    Germany: $36.2 billion (4.1%)

8.    Italy: $26.1 billion (3%)

9.    Spain: $25.7 billion (2.9%)

10. France: $23.8 billion (2.7%)

11. Singapore: $21.4 billion (2.5%)

12. United Kingdom: $20.9 billion (2.4%)

13. Thailand: $20.1 billion (2.3%)

14. Taiwan: $16.9 billion (1.9%)

15. Belgium: $15.3 billion (1.7%)

The listed 15 countries purchased 83.4% of all crude oil imports in 2017 (by value).

http://www.worldstopexports.com/crude-oil-imports-by-country/

Oil Exporters - Below are the 15 countries that exported the highest dollar value worth of crude oil during 2017:

1.    Saudi Arabia: US$133.6 billion (15.9% of total crude oil exports)

2.    Russia: $93.3 billion (11.1%)

3.    Iraq: $61.5 billion (7.3%)

4.    Canada: $54 billion (6.4%)

5.    United Arab Emirates: $49.3 billion (5.9%)

6.    Iran: $40.1 billion (4.8%)

7.    Kuwait: $38.2 billion (4.5%)

8.    Nigeria: $33 billion (3.9%)

9.    Angola: $30.5 billion (3.6%)

10. Kazakhstan: $26.6 billion (3.2%)

11. Norway: $25.9 billion (3.1%)

12. Venezuela: $23.1 billion (2.7%)

13. United States: $21.8 billion (2.6%)

14. Mexico: $19.9 billion (2.4%)

15. United Kingdom: $19 billion (2.3%)

The listed 15 countries accounted for 79.6% of all crude oil exports in 2017 (by value).

Only two of the above top 15 exporters increased the value of their crude oil shipments from 2013 to 2017, namely the United States with its 328% improvement in revenue and Iraq via a modest 0.6% gain.

http://www.worldstopexports.com/worlds-top-oil-exports-country/

Comments

Top EU oil importers include Netherlands, Germany, Italy, Spain, France, UK and Belgium. Most other EU member countries are also oil importers.

Trump is challenging the EU with his questions about NATO funding and Russian oil. When EU countries talk about NATO, they are viewing Russia as a potential enemy.  When EU countries talk about oil, they consider Russia a trading partner.

Trump is asking them to choose. The US is close to becoming a net exporter of oil and is already exporting natural gas. The US is a buttress to price gouging by Russia.

When the EU policy makes no sense, Trump questions it. So far, Trump has rejected climate change, open borders and the Muslim invasion. He is moving their cheese.

Norb Leahy, Dunwoody GA Tea Party Leader