Possible OPEC+ oil supply deal

Saudi Arabia and Russia are pressing the U.S. to strike a deal to cut crude supply worldwide by at least 10 million barrels per day in an attempt to stabilize prices as the Covid-19 pandemic pummels demand

Countries pumping more than one million barrels of oil per day* (mmb/d)

OPEC+ nations 
Others 

Total world production (2019):	100.6 mmb/d
Total world consumption:	100.8 mmb/d

United States
15.31 mmb/d
West Texas Intermediate crude oil has fallen from $63.27 on Jan 6 to $25.36 on Apr 6

Saudi Arabia 12.29
Russia 11.44
Canada 5.21
Iran 4.72
Iraq 4.61
UAE 3.94
China 3.80
Kuwait 3.05
Brazil 2.68
Mexico 2.10
Nigeria 2.05
Kazakhstan 1.93
Qatar 1.88
Norway 1.84
Angola 1.53
Algeria 1.51
Venezuela 1.51
UK 1.09
Libya 1.01
  

*2018 production including crude, condensate and natural gas liquids


Source: BP Statistical Review of World Energy 
Picture: Getty Images 
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