Motus Reports

2020 Summer Fuel Outlook Report

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GLOBAL OIL PRODUCTION TRENDS The price of crude oil greatly influences the price we pay at the pump. Recent trends in oil produc on help explain the current state of fuel. For the past 50 years, the top three oil producers have been Russia, Saudi Arabia and the U.S. Combined, they produce almost half of the world's oil. Over the past decade, the U.S. has increased oil produc on steadily to become the top oil producer. 1 Source: Bri sh Petroleum, Interna onal Energy Agency TOP OIL PRODUCERS 2 U.S. Russian Federa on Saudi Arabia 2015 2016 2017 2018 2019 14 16 18 12 10 Million Barrels/Day

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