The United States of America is the top country by crude oil reserves in the world. As of June 2019, crude oil reserves in the United States of America was 12,081.83 thousand barrels per day. The top 5 countries also includes Russian Federation, Saudi Arabia, Iraq, and Canada. Proven Oil Reserves is determined through geological and engineering processes to produce an estimated value of oil stocks in the ground. Proven Oil Reserves showcases the commercially available (and theoretically recoverable) oil reserves of a given country based on its recognized reservoirs. For the purposes of the GFP ranking, oil is a highly-valued component when considering a prolonged military campaign and is used in conjunction with oil consumption and oil production values. Data Although Libya has more reserves, there were 37.2 billion barrels of proven oil reserves in Nigeria, ranking the country as the largest oil producer in Africa and the 10th largest in the world. At current rates this would be 45 years of supply if no new oil was found.

8 Oct 2018 But almost 100 countries have tapped the oil reserves within their and so drive the island to a higher rank in the global production table. 30 Jan 2019 Venezuela is Home to the World's Largest Oil Reserves. The chart shows the countries with the largest proven crude oil reserves as of 2017. 19 Jul 2011 OPEC's proven crude oil reserves rose 12.1 percent in 2010 to 1.19 trillion official said the country still held its status as OPEC's second-largest said in January it had had overtaken Saudi Arabia as the world leader. 26 Dec 2016 Iran and Iraq rank 4th and 5th respectively. Russia finds itself at the 7th position with a proved reserve of around 103.2 billion barrels. Two African  31 Jul 2018 While the United States is a global oil production leaders, its total United States is a "game changer," though its Venezuela with the largest reserves. in some members of the Organization of Petroleum Exporting Countries. 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 reservoirs and under current economic conditions. With 300,878 million barrels of proven reserves, Venezuela has the largest amount of proven oil reserves in the world. The country's oil is a relatively new discovery. Previously, Saudi Arabia had always held the number one position. The oil sand deposits in Venezuela are similar to those in Canada.

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 

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:  27 Jun 2019 A country with large and prosperous oil reserves holds a definite advantage in world trade over those without such a source of crude oil. While  Oil reserves are the deposits of oil in the earth. Oil Reserves, Their Categories, and the World's Largest Rank, Country, Billions of Barrels, % of World Total. Oil reserves at the end of 2018 totalled 1730 billion barrels, up 2 billion barrels with The top countries in terms of reserves are Venezuela (17.5% of global the regional classification in the table 'Oil trade in 2017 and 2018' (see page 29). Oil production – Largest annual increases in oil production (mb/d) The top countries in terms of reserves are Venezuela (17.5% of global reserves), closely  

25 Mar 2019 our latest data visualization shows which countries have the biggest reserves of one of the world's most-used energy sources, crude oil.

Although Libya has more reserves, there were 37.2 billion barrels of proven oil reserves in Nigeria, ranking the country as the largest oil producer in Africa and the 10th largest in the world. At current rates this would be 45 years of supply if no new oil was found. This is a list of countries by natural gas proven reserves based on The World Factbook (when no citation is given). or other authoritative third-party sources (as cited). Based on data from BP, at the end of 2009, proved gas reserves were dominated by three countries: Iran, Russia, and Qatar, which together held nearly half the world's proven reserves. The United States is the top oil-producing country in the world, with an average of 14.86 million b/d, which accounts for 15.3% of the world's production. This is down from 15.12 million b/d in 2015, but it was enough to land the United States in the top spot, which it has held for the past four prior years. Crude oil - proved reserves 2019 Country Ranks, by Rank SOURCE: CIA World Factbook 2019 Energy Information Administration - EIA - Official Energy Statistics from the U.S. Government

19 Jul 2011 OPEC's proven crude oil reserves rose 12.1 percent in 2010 to 1.19 trillion official said the country still held its status as OPEC's second-largest said in January it had had overtaken Saudi Arabia as the world leader.

4 Nov 2019 Oil reserves refer to crude that's economically feasible to extract. Figures can vary wildly by country due to differing standards, though it remains a  14 Feb 2014 The UAE is the world's third largest oil exporter, now pumping 2.5 million barrels per day. 97.8 billion barrels of proven oil reserves (#7). 215.1  4 May 2017 Canada total proved oil reserve has been estimated at 171 billion barrels. This places Canada in the number 3 spot in the world rankings, right  21 Jul 2011 Last January 20th Venezuela's Oil Minister, Rafael Ramirez, said that his country had already surpassed Saudi Arabia to become the nation with  14 Jun 2012 Arabia to become the world's largest holder of proven oil reserves, The South American country's deposits were at 296.5 billion barrels at  8 Oct 2018 But almost 100 countries have tapped the oil reserves within their and so drive the island to a higher rank in the global production table.

The United States of America is the top country by crude oil reserves in the world. As of June 2019, crude oil reserves in the United States of America was 12,081.83 thousand barrels per day. The top 5 countries also includes Russian Federation, Saudi Arabia, Iraq, and Canada.

25 Jun 2019 The world's remaining proved reserves of 1.73 trillion barrels can cover oil shrinks the country's top ranking reserves to just 6 billion barrels,  11 Jun 2019 Last year, despite having the world's largest oil reserves, Venezuela dropped to the No. 17 position for oil production by country, and its  4 Nov 2019 Oil reserves refer to crude that's economically feasible to extract. Figures can vary wildly by country due to differing standards, though it remains a  14 Feb 2014 The UAE is the world's third largest oil exporter, now pumping 2.5 million barrels per day. 97.8 billion barrels of proven oil reserves (#7). 215.1  4 May 2017 Canada total proved oil reserve has been estimated at 171 billion barrels. This places Canada in the number 3 spot in the world rankings, right  21 Jul 2011 Last January 20th Venezuela's Oil Minister, Rafael Ramirez, said that his country had already surpassed Saudi Arabia to become the nation with 

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 Country, Rank, Reserves, Rank, Reserves, Rank, Reserves, Source/Date, Reserves  22 May 2019 These 15 countries, as home to largest reserves, control the world's oil. Samuel Stebbins. 24/7 Wall Street. 8 Jan 2019 The World's Largest Oil Reserves By Country. Proven oil reserves are those that have a reasonable certainty of being recoverable under existing  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  Crude oil - proved reserves is the stock of proved reserves of crude oil, in barrels (bbl). Proved Rank, Country, (BBL), Date of Information. 1, Venezuela