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Chart of the Day: One Out of Every Five

Crews Bank & Trust Wealth Management Services Apr 30, 2024
Green bar chart illustrating percentage of oil production by country in 2023, with the Unites States first, followed by Russia, Saudi Arabia and Canada.

Contents

Today’s Chart of the Day is from Dr. Torsten Slok of Apolo Global Management with data from the International Energy Statistics. It shows that in 2023 the US was the largest producer of oil in the world, followed by Russia, Saudi Arabia and Canada. 

With the rest of the world only producing 23 million barrels combined, that means that the US produced 22% of all the oil in the world, equating to one out every five barrels.
Chart of the Day

About the Author

Crews Bank & Trust Wealth Management Services
Crews Bank & Trust Wealth Management Services

Experienced professionals from our wealth management services team can help you achieve a bright financial future through investment strategies tailored to you. We’ll show you all of the options available and help you choose the ones best suited to you. We’ll provide high-quality, personal service as we work toward your goals together. Our Portfolio Managers do not receive commissions on trades; our recommendations of investments are based solely on your best interests.

Investments are not a deposit or other obligation of, or guaranteed by, the bank, are not FDIC insured, not insured by any federal government agency, and are subject to investment risks, including possible loss of principal.

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