In the production of oil, Brazil was the 10th largest oil producer in the world in 2019, with 2.8 million barrels / day. Mexico was the twelfth largest, with 2.1 million barrels / day, Colombia in 20th place with 886 thousand barrels / day, Venezuela was the twenty-first place, with 877 thousand barrels / day, Ecuador in 28th with 531 thousand barrels / day and Argentina. 29 with 507 thousand barrels / day. Since Venezuela and Ecuador consume little oil and export most of their production, they are part of OPEC. Venezuela had a big drop in production after 2015 (where it produced 2.5 million barrels / day), falling in 2016 to 2.2 million, in 2017 to 2 million, in 2018 to 1.4 million and in 2019 to 877 thousand, due to lack of investments.