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6 Facts About the Oil Industry Worldwide

Countries continue to look towards oil trading companies in Singapore. How so? Learn more about the oil industry worldwide with these 6 facts.<br><br>#OilTradingCompaniesSingapore<br><br>https://www.oceanenergy.com.sg/en/

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6 Facts About the Oil Industry Worldwide

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  1. 6 Facts About the Oil Industry Worldwide

  2. The United States is #1 The US continues to be the top oil producer in the world, with an output of over 14 million barrels each day. Employees are well compensated for The US continues to be the top oil producer in the world, with an output of over 14 million barrels each day.

  3. Singapore’s oil industry continues to grow There are about 20,000 barrels of crude oil in Singapore being produced. That’s almost as huge as 67 million long tonnes of oil being exported each year! The Middle East is home to 23% of oil reserves worldwide Countries such as Iraq, Kuwait, and Iran are estimated to have a total of 100 billion oil barrels.

  4. Crude oil is essential Crude oil is used for gasoline, plastics, synthetic fabrics, and even pharmaceuticals. Oil and gas have been used for quite a while Throughout history, oil and gas already played important roles. Ancient societies already used crude oil as a substance for various materials and products.

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