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Russia, Saudi Arabia & Top 5 Oil Exporters Rake in Massive Profits
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Oil Riches: Saudi Arabia, Russia Lead Top Exporters; US Production Soars
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News18
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13-03-2026, 00:00
Oil Riches: Saudi Arabia, Russia Lead Top Exporters; US Production Soars
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Crude oil is a vital source of economic power and income for nations, influencing global politics and markets.
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Saudi Arabia leads oil exports, shipping 6 million barrels daily, with its state-owned Aramco being highly profitable.
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Russia is second in exports (4.5M barrels/day), followed by the United States (4.1M barrels/day) leveraging shale technology.
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Canada (3.6M barrels/day) and UAE (2.7M barrels/day) complete the top five oil exporting countries.
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US President Donald Trump noted America's status as the world's largest oil producer, profiting from rising prices.
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