Do you find energy prices unbearable? The world is experiencing the biggest energy crisis of this century. High coal, gas and oil prices are causing record inflation around the world. The situation was made worse by the war between Russia and Ukraine. The most discussed raw material on the market is oil in particular. Few people know which countries are among the largest oil producers. Check out the infographic below from Visual Capitalist that shows the world’s largest oil producers and the amount of oil they produce per day.
(click on the image to enlarge)
Using data from BP’s Statistical Review of World Energy, the above infographic provides further context on the crisis by visualizing the world’s largest oil producers in 2021.
These are the largest oil producers in 2021
The top four countries account for half of the world’s oil production. Being such a large producer means having a certain power on the market and a great influence on the economy.
Credit: Visiual Capitalist
Original source: https://www.visualcapitalist.com/visualizing-the-worlds-largest-oil-producers/
Featured Image: Pixabay.com