07.12.2020 2 Saudi Arabia 11.8 million barrels per day The Kingdom of Saudi Arabia occupies second place on this list of top oil producing countries with a national output of around 11.8 million bpd in 2019 12.4 of the global total The country is the world s biggest oil exporter and is the de facto leader of the Opec group It is also home
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Click to chatSaudi Arabia remains the world s leading exporter of oil boasting one quarter of all known reserves The fact that oil constitutes 90 percent of the nation s export economy has led to
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Click to chat04.12.2013 Historically Saudi Arabia has argued for increased production from the cartel to preserve OPEC s market share since high prices have helped encourage alternative energy development elsewhere whereas Iran and Iraq have argued for moderate production levels and strong prices Additionally while Saudi Arabia can afford to sell oil at 85 per barrel many of the governments
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