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Oil has long greased the wheels of the global economy. As one of the most produced, consumed and traded commodities, it can be a significant contributor to a country’s gross domestic product.
According to the International Energy Agency (IEA), the top 10 oil-producing countries based on millions of barrels per day account for more than 60 percent of world production. Numbers 10 through 4 are below. Click the image to reveal the top three.
Video: Energy has a friend in Trump
Portfolio Manager Lila Murphy discusses the outlook for energy in 2017 as a result of the OPEC deal and the implications of a new political regime.