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Chart of the Day: One Out of Every Five

Samuel A. Kiburz, Senior Vice President, Chief Investment Officer 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

Samuel A. Kiburz, Senior Vice President, Chief Investment Officer
Samuel A. Kiburz, Senior Vice President, Chief Investment Officer

Samuel serves as Senior Vice President, Chief Investment Officer for the Crews family of banks. He manages the individual investment holdings of his clients, including individuals, families, foundations, and institutions throughout the State of Florida. Samuel has been involved in banking since 1996 and has more than 20 years experience working in wealth management.

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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