Just about everyone knows about major oil producers like Saudi Arabia, Iran, Libya and Venezuela. Yet how much is known about some of the smaller nations that play a role in lubricating the machinery that keeps the world supplied with oil?
With all the scrutiny on OPEC countries and noncartel giants, places like Nigeria, Angola, Gabon and Trinidad — which some people may not realize is the largest oil and natural gas producer in the Caribbean — are often overlooked. Like their larger cohorts in the global oil market, they have also found themselves under severe pressure from falling oil prices. Still, the dynamics in these individual countries are worth taking a look at, especially because crude markets remain as volatile as ever.
CNBC surveyed the landscape, and highlighted some of the smaller oil producers that fly under the radar, but arguably deserve more attention as developments in the world economy shape their domestic economies.