"Saudi Arabia was world's largest petroleum producer and net exporter in 2012" (U.S. crude production tops 7mm bbl/day)

From the EIA:

Source: U.S. Energy Information Administration, International Energy Statistics and Short-Term Energy Outlook.
Note: Total petroleum production includes crude oil, natural gas liquids, condensates, refinery processing gain, and other liquids including biofuels.

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Saudi Arabia was the world's largest producer and exporter of petroleum and other liquids in 2012, producing an average of 11.6 million barrels per day (bbl/d) and exporting an estimated 8.6 million bbl/d (net). Saudi Arabia produces more than three times as much of these liquids as the next largest member of the Organization of the Petroleum Exporting Countries (Iran), and as much as the rest of the Arab Middle East put together.

In addition to leading the world in production and exports, Saudi Arabia has an estimated 268 billion barrels of proved oil reserves—over 16% of the global total—and is the only country in the world with extensive spare oil production capacity, which can help cushion market disruptions. While Saudi Arabia has about a hundred major oil and natural gas fields, more than half of its proved reserves are contained in eight fields. Saudi Arabia's (and the world's) largest oil field (Ghawar) alone contains an estimated 70 billion barrels of proved reserves, more than the proved reserves in all but seven other countries.

In 2012, 16% of Saudi liquids exports were sent to the United States, accounting for 13% of total U.S. liquids imports. While Canada is the prime supplier of U.S. liquids imports, Saudi Arabia remains an important supplier.

Although leading the world in exports, Saudi Arabia's own liquids consumption is growing. Unlike the United States, Saudi Arabia uses significant amounts of oil for electricity generation, reaching as much as one million bbl/d during hot summer months....MORE

And:
U.S. crude oil production tops 7 million barrels per day, highest since December 1992