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As of 2023, the top oil-producing countries and their approximate daily production in million barrels per day (mb/d) are:

1. United States: 21.91 mb/d (22% of global production)

2. Saudi Arabia: 11.13 mb/d (11%)

3. Russia: 10.75 mb/d (11%)

4. Canada: 5.76 mb/d (6%)

5. China: 5.26 mb/d (5%)

6. Iraq: 4.42 mb/d (4%)

7. Brazil: 4.28 mb/d (4%)

8. United Arab Emirates: 4.16 mb/d (4%)

9. Iran: 3.99 mb/d (4%)

10. Kuwait: 2.91 mb/d (3%)

Collectively, these top 10 countries contribute approximately 74.59 mb/d, accounting for 73% of the world's total oil production of 101.81 mb/d in 2023.

Notably, the United States leads by a significant margin, producing nearly double that of Saudi Arabia and Russia. This dominance is largely due to advancements in hydraulic fracturing and horizontal drilling technologies, which have unlocked vast shale oil reserves.

Saudi Arabia and Russia remain key players, each contributing around 11% to global production. Both nations are influential members of OPEC+, a coalition of oil-producing countries that coordinates production levels to manage oil prices.

Canada's position as the fourth-largest producer is bolstered by its oil sands operations, particularly in Alberta. Despite environmental concerns, these reserves play a crucial role in meeting global oil demand.

It's important to note that these figures can fluctuate based on geopolitical events, technological advancements, and policy changes. For instance, in 2024, Russia's oil output decreased by 2.8% due to OPEC+ agreements and Western sanctions related to the Ukraine conflict.

Understanding these dynamics is essential for grasping the complexities of the global energy market.