Source: US Energy Information Agency, International Energy Annual Report.

World Crude Oil Production and Consumption, 2003

In 2003, the global oil production was at 70 million barrels per day. Oil production is marginal or non-existent in a large amount of countries, notably in Africa. Eight producers, Saudi Arabia, the United States, Russia, Iran, China, Venezuela, Mexico and Norway accounted for 55% of the global production. The global oil demand was at 77 million barrels per day. Oil demand is roughly a function of population and level of development. Seven countries, the United States, Japan, China, Germany, Russia, Italy and France, accounted for 52% of the global oil demand.