Worldwide oil reserves statistics

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 United States of America is the top country by crude oil reserves in the world. As of May 2019, crude oil reserves in the United States of America was 12,108.19 thousand barrels per day.

There are 1.65 trillion barrels of proven oil reserves in the world as of 2016. The world has proven reserves equivalent to 46.6 times its annual consumption levels . Oil Reserves, Their Categories, and the World's Largest barrels of proven oil reserves in 2018 for the top 15 countries according to the BP Statistical Review. In the Statistical Review of World Energy, we note that 2018 was another The global R/P ratio shows that oil reserves in 2018 accounted for 50 years of current   BP Statistical Review of World Energy 2019. 15. Oil reserves at the end of 2018 totalled 1730 billion barrels, up 2 billion barrels with respect to 2017. The global  27 Feb 2020 Canada has the third-largest share of oil reserves worldwide, at just under 10 Access to this and all other statistics on 80,000 topics from. 11 Feb 2020 Since then, the quantity of oil reserves worldwide has remained roughly the same , Access to this and all other statistics on 80,000 topics from. Percent of world oil reserves, 2017 - Country rankings: The average for 2017 based on 98 countries was 1.02 percent.The highest value was in Venezuela: 

factfish world data series "Crude oil, production (thousand metric tons)" contains current and historical data for Crude oil, reserves from oil shale and tar sands.

Based on data from OPEC at the beginning of 2013 the highest proved oil reserves including non-conventional oil deposits are in Venezuela (20% of global reserves), Saudi Arabia (18% of global reserves), Canada (13% of global reserves), and Iran (9%). World Oil provides news, oil prices, data, statistics, shale reports and upstream industry trends relating to the exploration, drilling, completion and production of oil and gas, both onshore and Oil. The annual average oil price (Dated Brent) rose to $71.31 per barrel, up from $54.19/barrel in 2017. Oil consumption grew by an above-average 1.4 million barrels per day (b/d), or 1.5%. China (680,000 b/d) and the US (500,000 b/d) were the largest contributors to growth. Global oil production rose by 2.2 million b/d, or 2.4%. 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 United States of America is the top country by crude oil reserves in the world. As of May 2019, crude oil reserves in the United States of America was 12,108.19 thousand barrels per day. Proved reserves of crude oil 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. 1 US barrel corresponds to 158.9873 liters and 0.136 tons

raised the proven oil reserves of Venezuela to 296.6 billion barrels (bb) and Sources: BP Statistical Review of World Energy, June 2012 / U.S. Department of.

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. The description is composed by our digital data assistant. 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. Energy Information Administration - EIA - Official Energy Statistics from the U.S. Government International - U.S. Energy Information Administration (EIA) U.S. Energy Information Administration - EIA - Independent Statistics and Analysis Regionally, South & Central America has the highest R/P ratio (136 years) while Europe has the lowest (11 years). OPEC holds 71.8% of global reserves. The top countries in terms of reserves are Venezuela (17.5% of global reserves), closely followed by Saudi Arabia (17.2%), then Canada (9.7%), Iran (9.0%) and Iraq (8.5%). Based on data from OPEC at the beginning of 2013 the highest proved oil reserves including non-conventional oil deposits are in Venezuela (20% of global reserves), Saudi Arabia (18% of global reserves), Canada (13% of global reserves), and Iran (9%). World Oil provides news, oil prices, data, statistics, shale reports and upstream industry trends relating to the exploration, drilling, completion and production of oil and gas, both onshore and Oil. The annual average oil price (Dated Brent) rose to $71.31 per barrel, up from $54.19/barrel in 2017. Oil consumption grew by an above-average 1.4 million barrels per day (b/d), or 1.5%. China (680,000 b/d) and the US (500,000 b/d) were the largest contributors to growth. Global oil production rose by 2.2 million b/d, or 2.4%.

16 Dec 2019 Canada has the third-largest proven oil reserve in the world, most of Find key statistics on Canada's energy sector in the Energy Market Fact 

In the Statistical Review of World Energy, we note that 2018 was another The global R/P ratio shows that oil reserves in 2018 accounted for 50 years of current   BP Statistical Review of World Energy 2019. 15. Oil reserves at the end of 2018 totalled 1730 billion barrels, up 2 billion barrels with respect to 2017. The global  27 Feb 2020 Canada has the third-largest share of oil reserves worldwide, at just under 10 Access to this and all other statistics on 80,000 topics from. 11 Feb 2020 Since then, the quantity of oil reserves worldwide has remained roughly the same , Access to this and all other statistics on 80,000 topics from. Percent of world oil reserves, 2017 - Country rankings: The average for 2017 based on 98 countries was 1.02 percent.The highest value was in Venezuela: 

Oil reserves are a good example: 16 of the 20 largest oil fields in the world have reached peak level production – they're simply too small to keep up with global 

Some statistics on this page are disputed and controversial. Different sources ( OPEC, CIA World Factbook, oil companies) give different figures. Some of the  22 May 2019 24/7 Wall St. reviewed the “BP Statistical Review of World Energy June 2018” to identify the 15 countries with the most proven oil reserves. As a result, OPEC's proven oil reserves currently stand at 1,189.80 billion barrels. For more information: OPEC Annual Statistical Bulletin 2019. Top of Page Print 

Oil. The annual average oil price (Dated Brent) rose to $71.31 per barrel, up from $54.19/barrel in 2017. Oil consumption grew by an above-average 1.4 million barrels per day (b/d), or 1.5%. China (680,000 b/d) and the US (500,000 b/d) were the largest contributors to growth. Global oil production rose by 2.2 million b/d, or 2.4%. 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.