12 Jun 2019 This statistic shows the share of global crude oil production of the leading oil- producing countries in 2018. Global oil industry and market. 13 Feb 2020 It accounted for more than a third of global oil production in 2018, Overall, the Middle Eastern oil production makes up a slightly larger share of global production Distribution of oil production worldwide from 2010 to 2018, by region revenue · Leading oil and gas companies based on market cap 2019  OPEC Member Countries have made significant additions to their oil reserves in recent years, for example, by adopting best practices in the industry, realizing 

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This trend in rising prices has become a grave concern for the developing economies like Pakistan. Because if this trend continues, can result in inflationary   "The trend follows a spike in oil futures prices that has created incentives for traders to buy crude oil and oil products at  Energy commodity prices registered the steepest declines, tumbling 12.7%. Non- energy commodities fell 3.7%. Base metals dropped 5.6% while precious