TRIVIA

Oil has once again captured the public’s attention. A series of factors have combined to push the price of crude oil above US$80 per barrel, and it appears to be heading toward the psychological barrier of US$100. Be prepared to dig deeper into your pocket when you go to the gas station. Amid this oil boom Who do you think is the world’s largest oil producer?

a) Kuwait

b) Saudi Arabia

c) U.S.

d) Russia

ANSWER: 

c) United States. In 2020, the U.S. produced 18.6 million barrels of crude oil per day, equivalent to 20% of global production, according to the U.S. Energy Information Administration (EIA). Saudi Arabia and Russia follow, each accounting for 11% of production.

Source: EIA