How much crude oil do the OPEC countries produce?
Collectively these countries hold approximately 77% of known world crude oil reserves. In terms of daily crude oil production OPEC countries currently produce about 41% (24.2 million barrels per day) of the world’s crude oil. The oil exported by the OPEC countries accounts for 55% of all oil traded internationally. OPEC countries also represent about 15% of total world natural gas production.
