Global oil reserve ranking

OPEC Share of World Crude Oil Reserves. According to current estimates, 79.4% of the world's proven oil reserves are located in OPEC Member Countries, with the bulk of OPEC oil reserves in the Middle East, amounting to 64.5% of the OPEC total. The ability to extract oil sands for a reasonable cost has increased the amount of proven reserves. Most of it, totaling about 166 billion barrels, is in Alberta, Canada. The United States imported 1.236 billion barrels from these fields in 2014. Oil sands are sand mixed with a thick substance called bitumen. On a global basis, Rystad estimates that the world has about 2,092 billion barrels of reserves, or about 70 years’ worth of oil at today’s production rate of 30 billion barrels per year.

The term Proven Reserve or PR refers to an amount of oil that is generally Kuwait ranked first for oil > reserves per capita amongst Muslim countries in 2005 . 9 Nov 2019 Oil. Canada has the third-largest oil reserves in the world. Of the 170 billion barrels of Canadian oil that can be recovered economically with  Proved oil and gas reserves are the estimated quantities of crude oil, natural gas, All these countries are listed below in rank order of proved oil reserves at the  10 Nov 2019 It has the world's fourth-biggest oil reserves and second-largest gas reserves, and shares a massive offshore field in the Persian Gulf with Qatar  22 Nov 2019 Exxon Mobil discovered one of the largest oil and gas reserves in president of Goldwyn Global Strategies and world-renowned energy expert  10 Nov 2019 Oil reserves refer to crude that is economically feasible to extract. Iran has the world's fourth-largest proven deposits of crude oil and the 

8 Jan 2019 Despite shaky political situations in its recent history, the country of Iraq sits upon some of the world's largest proven reserves of petroleum crude 

Oil reserves, billion barrels, 2019 - Country rankings: The average for 2019 was 8.62 billion barrels.The highest value was in Venezuela: 302.81 billion barrels  17 Feb 2020 What country has to most crude oil reserve? Crude oil Venezuela has the largest amount of oil reserves in the world with 300.9 billion barrels. Current and historical Reserves, Production, and Consumption of Oil in Malaysia. Global rank and share of world's total. Data, Statistics and Charts. Current and historical Reserves, Production, and Consumption of Oil in Nigeria. Global rank and share of world's total. Data, Statistics and Charts.

27 Feb 2020 Canada has the third-largest share of oil reserves worldwide, at just under 10 percent, primarily found in oil sands, as in Venezuela.

Oil reserves, billion barrels, 2019 - Country rankings: The average for 2019 was 8.62 billion barrels.The highest value was in Venezuela: 302.81 billion barrels  17 Feb 2020 What country has to most crude oil reserve? Crude oil Venezuela has the largest amount of oil reserves in the world with 300.9 billion barrels. Current and historical Reserves, Production, and Consumption of Oil in Malaysia. Global rank and share of world's total. Data, Statistics and Charts. Current and historical Reserves, Production, and Consumption of Oil in Nigeria. Global rank and share of world's total. Data, Statistics and Charts.

A map of world oil reserves according to OPEC, January 2014 This is a list of countries by proven oil reserves . Proven reserves are those quantities of petroleum which, by analysis of geological and engineering data, can be estimated, with a high degree of confidence, to be commercially recoverable from a given date forward from known

14 Jun 2012 Venezuela surpassed Saudi Arabia to become the world's largest holder of proven oil reserves, a resource that President Hugo Chavez  Crude oil - proved reserves 2019 country comparisons, country rankings, by Rank.

Rank (total), Country, Total (million barrels), per Capita (barrels), per km² (barrels ), Date. 1, Venezuela, 300,000.0, 9,668.5, 340,117, January 2016 est. 2, Saudi 

The United States of America is the top country by crude oil reserves in the world. As of October 2019, crude oil reserves in the United States of America was 12,655 thousand barrels per day. The top 5 countries also includes Russian Federation, Saudi Arabia, Iraq, and Canada. Countries by natural gas and oil proven reserves (2015) World natural gas proven reserves 1960–2012 (OPEC) Trends in the five countries with largest proven reserves of natural gas, according to the US Energy Information Administration OPEC Share of World Crude Oil Reserves. According to current estimates, 79.4% of the world's proven oil reserves are located in OPEC Member Countries, with the bulk of OPEC oil reserves in the Middle East, amounting to 64.5% of the OPEC total. The ability to extract oil sands for a reasonable cost has increased the amount of proven reserves. Most of it, totaling about 166 billion barrels, is in Alberta, Canada. The United States imported 1.236 billion barrels from these fields in 2014. Oil sands are sand mixed with a thick substance called bitumen. On a global basis, Rystad estimates that the world has about 2,092 billion barrels of reserves, or about 70 years’ worth of oil at today’s production rate of 30 billion barrels per year.

NOTE: The information regarding Crude oil - proved reserves on this page is re-published from the CIA World Factbook 2019. No claims are made regarding the accuracy of Crude oil - proved reserves information contained here. All suggestions for corrections of any errors about Crude oil - proved reserves should be addressed to the CIA. Crude oil - proved reserves is the stock of proved reserves of crude oil, in barrels (bbl). Proved reserves are those quantities of petroleum which, by analysis of geological and engineering data, can be estimated with a high degree of confidence to be commercially recoverable from a given date forward, from known reservoirs and under current economic conditions. Unsurprisingly, Venezuela has the largest amount of proven oil reserves in the world. The country has 300.9 billion barrels of oil in reserve. The country has 300.9 billion barrels of oil in reserve. Previously, Saudi Arabia had always held the number one position. The United States of America is the top country by crude oil reserves in the world. As of October 2019, crude oil reserves in the United States of America was 12,655 thousand barrels per day. The top 5 countries also includes Russian Federation, Saudi Arabia, Iraq, and Canada.