Top 10 Oil Titans Account For Over 70% of Global Production

In 2022 oil prices peaked at more than $100 per barrel, hitting an eight-year high, after a full year of turmoil in the energy markets in the wake of the Russian invasion of Ukraine. Oil companies doubled their profits and the economies of the biggest oil producers in the world got a major boost. But which countries are responsible for most of the world’s oil supply? Using data from the Statistical Review of World Energy by the Energy Institute, Visual Capitalist's Pallavi Rao and Christina Kostandi visualized…