Commodities and industries play a huge role in the global economy. They basically make up the entire economy. This is an examination of the geography of a particular commodity, where the commodity is produced and where it is consumed. Information on the trend of trade in the sector, which countries/regions are the most significant exporters and which countries are the main importers will also be discussed. Oil is one of the most important sources, quite in demand, expensive and fundamental. of regular vitality on the planet. Oil processing normally refers to the overall number of barrels of oil that are concentrated consistently through oil extraction machines and different penetration procedure. The demand and usage of oil have increased in business and also family sectors. Oil provides the world's 6.9 billion people with a large percentage of their daily energy needs. It also plays an important role in transportation. Oil represents global trade on a large scale. Companies spend billions of dollars every year to maintain and increase oil production. . More than 200 countries have invited companies to negotiate for the right to explore their lands or territorial waters, hoping they will find and produce oil, create local jobs and provide billions of dollars in domestic revenue. Large quantities of oil flow every day from "exporting" regions such as the Middle East, Africa and Latin America to "importing" regions such as North America, Europe and the Far East. This creates political, trade, economic and even national security concerns on both sides. Oil and gas exporters want to maximize their revenues and improve their trade balance while maintaining control… mid-paper… so they must rely on other countries to keep up with demand. It is the second largest importer of oil.(3)The world population is growing more and more every day. For this reason, the demand for oil increases. China is the most populous country in the world and is one of the largest consumers of oil. The United States is also one of the largest countries in the world and consumes tons of oil. People use oil continuously and with large populations, the amount of oil used will increase. The oil industry is one of the largest industries in the global economy. Oil, just one of many raw materials, is influenced by the world economy every day. Oil will be imported where the need is. While the location of oil will be determined by the nature or technological advances of a society. Our world is constantly evolving, as are the patterns of a commodity like oil.