This diagram illustrates the percentage of oil production found in different countries and regions of the world, moreover, it also depicts utilization of the oil in the world.
In conclusion, the Middle East is producing significant percentage of oil followed by Canada. While, Asia and USA are on top of consumption list.
Middle East is extracting 56. 52 percent of overall worlds oil, whereas, it is only using 6. 15 percent of the total production. Hence, they are the largest exporter of Oil in the globe.
Canada, Central and South America are production is 14. 84 and 8. 12 respectively. It is pertinent to mention here that, both are consuming less than their available resources as there overall annual usage is 2. 48% and 6. 70%.
On the other hand Asia is the largest consumer of Oil in the word with 26. 21 percent, while, they only produce 2. 89 percent. This seems they are the major importer of Oil.
USA is second at consumption list as its yearly demand for oil is 25. 48 percent of the whole world percentage and only extract 1. 85 percent oil.
This diagram illustrates the percentage of
oil
production found in
different
countries and regions of the world,
moreover
, it
also
depicts utilization of the
oil
in the world.
In conclusion
, the Middle East is producing significant percentage of
oil
followed by Canada. While, Asia and USA are on top of consumption list.
Middle East is extracting 56. 52
percent
of
overall
worlds
oil
, whereas, it is
only
using 6. 15
percent
of the total production.
Hence
, they are the largest exporter of
Oil
in the globe.
Canada, Central and South America are production is 14. 84 and 8. 12
respectively
. It is pertinent to mention here that, both are consuming less than their available resources as there
overall
annual usage is 2. 48% and 6. 70%.
On the other hand
Asia is the largest consumer of
Oil
in the word with 26. 21
percent
, while, they
only
produce 2. 89
percent
. This seems they are the major importer of Oil.
USA is second at consumption list as its yearly demand for
oil
is 25. 48
percent
of the whole world percentage and
only
extract 1. 85
percent
oil
.