The United States has ruled the roost since 2017 when it comes to producing oil. More than half (32) of the country's states contribute to its total output, with more than 40% drilled in Texas.
The US has been particularly industrious in extracting oil and was the first nation to adopt methods that allow rigs to drill horizontally, which could account for its increasingly high yields.
In 2019, 17.114 million barrels were produced every day, marking a rise of more than 10% from 2018. Production dropped to 16.458 million barrels in 2020. The following year, American oil production didn't just have the lingering effects of the coronavirus pandemic to contend with – there was also the catastrophic impact of the big freeze that had chilled the country.
The bad weather hit Texas particularly hard, and the USA's total oil production plunged by around four million barrels per day in 2021.
Despite the turbulence, US oil production recovered to 16.585 million barrels in 2021 and a staggering 17.770 million last year. With rates so much higher than any other country, America will likely keep its top spot for some time, especially as it has ramped up output levels to compensate for the West's boycott of Russian energy.
Now discover why countries that are rich in gas and oil need to change.