Top oil reserve countries in the world
This chart shows Oil Reserves Countries in the World. An oil is any neutral, nonpolar chemical substance that is a viscous liquid at ambient temperatures and is both hydrophobic and lipophilic . Oils have a high carbon and hydrogen content and are usually flammable and slippery. Oil reserves are the amount of technically and economically recoverable oil. Venezuela tops the list with 300.9 billion barrels of oil in reserve – but even this vast wealth in natural resources has not been enough to save the country from its recent economic and humanitarian crisis. Saudi Arabia, a country known for its oil dominance, takes the #2 spot with 266.5 billion barrels of oil. The United States, Russia, and Saudi Arabia still remain the top three highest oil-producing countries in the world according to the latest report by The U.S. Energy Information Administration (EIA). The United States, China, and India are the top consumers of oil products in Unfortunately, although Venezuela has the most oil reserves in the world, most of their oil is offshore or far underground and is considered to be dense. The price of oil determines whether or not extracting it is profitable, and so the cost of extracting the oil in Venezuela’s reserves is too high to be profitable. The world derives over a third of its total energy production from oil, more than any other source by far. As a result, the countries that control the world’s oil reserves often have THE TOP 10 LARGEST OIL RESERVES IN THE WORLD 1. Venezuela: 298.3 Billion Barrels. Over the past decade, Venezuela has capitalized on 2. Saudi Arabia: 267 Billion Barrels. There is perhaps no country more heavily associated 3. Canada: 172.9 Billion Barrels. Canada leads the North American 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.
Largest oil reserves. Venezuela – 300 billion barrels. Venezuela has the largest oil reserves of any country in the world, with more than 300 billion barrels of Saudi Arabia – 269 billion barrels. Canada – 171 billion barrels. Iran – 158 billion barrels. Iraq – 143 billion barrels.
Trends in proven oil reserves in top five countries, 1980–2013 (data from US Energy Information Administration) A map of world oil reserves according to OPEC, January 2014 This is a list of countries by proven oil reserves . 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. Top 10 Countries With The World’s Biggest Oil Reserves 1. Venezuela. 2. Saudi Arabia. 3. Canada. 4. Iran. 5. Iraq. 6. Kuwait. 7. United Arab Emirates. 8. Russia. 9. Libya. 10. Nigeria. This chart shows Oil Reserves Countries in the World. An oil is any neutral, nonpolar chemical substance that is a viscous liquid at ambient temperatures and is both hydrophobic and lipophilic . Oils have a high carbon and hydrogen content and are usually flammable and slippery. Oil reserves are the amount of technically and economically recoverable oil. Venezuela tops the list with 300.9 billion barrels of oil in reserve – but even this vast wealth in natural resources has not been enough to save the country from its recent economic and humanitarian crisis. Saudi Arabia, a country known for its oil dominance, takes the #2 spot with 266.5 billion barrels of oil. The United States, Russia, and Saudi Arabia still remain the top three highest oil-producing countries in the world according to the latest report by The U.S. Energy Information Administration (EIA). The United States, China, and India are the top consumers of oil products in Unfortunately, although Venezuela has the most oil reserves in the world, most of their oil is offshore or far underground and is considered to be dense. The price of oil determines whether or not extracting it is profitable, and so the cost of extracting the oil in Venezuela’s reserves is too high to be profitable.
Largest oil reserves. Venezuela – 300 billion barrels. Venezuela has the largest oil reserves of any country in the world, with more than 300 billion barrels of Saudi Arabia – 269 billion barrels. Canada – 171 billion barrels. Iran – 158 billion barrels. Iraq – 143 billion barrels.
The world derives over a third of its total energy production from oil, more than any other source by far. As a result, the countries that control the world’s oil reserves often have THE TOP 10 LARGEST OIL RESERVES IN THE WORLD 1. Venezuela: 298.3 Billion Barrels. Over the past decade, Venezuela has capitalized on 2. Saudi Arabia: 267 Billion Barrels. There is perhaps no country more heavily associated 3. Canada: 172.9 Billion Barrels. Canada leads the North American 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. United States Oil Reserves. United States Oil Reserves. Nigeria Oil Reserves. Libya Oil Reserves. Russia Oil Reserves. United Arab Emirates Oil Reserves. Kuwait Oil Reserves. Iraq Oil Reserves. Iran Oil Reserves. Saudi Arabia Oil Reserves. This chart shows Oil Reserves Countries in the World. An oil is any neutral, nonpolar chemical substance that is a viscous liquid at ambient temperatures and is both hydrophobic and lipophilic . Oils have a high carbon and hydrogen content and are usually flammable and slippery. Oil reserves are the amount of technically and economically recoverable oil. Largest oil reserves. Venezuela – 300 billion barrels. Venezuela has the largest oil reserves of any country in the world, with more than 300 billion barrels of Saudi Arabia – 269 billion barrels. Canada – 171 billion barrels. Iran – 158 billion barrels. Iraq – 143 billion barrels. The United States of America is the top country by crude oil reserves in the world. As of January 2019, crude oil reserves in the United States of America was 11,856.32 thousand barrels per day. The top 5 countries also includes Russian Federation, Saudi Arabia, Iraq, and Canada.
Statistics for Energy > Oil > Reserves. Categories; Top Stats
OPEC Member Countries have made significant additions to their oil reserves in recent years, for example, by adopting best practices in the industry, realizing 5 Apr 2019 Venezuela has the largest oil reserves of any country in the world, with more than 300 billion barrels of proven reserves. In 2011, the country 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
5 Jul 2016 America Now Leads the World In This Surprising Category United States is the country with the largest volume of oil reserves, with Russia and “Rystad Energy now estimates total global oil reserves at 2092 billion barrels,
14 Apr 2013 Top 10 Countries With The World's Biggest Oil Reserves. South American nation Venezuela tops the list, followed closely by Saudi Arabia.
26 Dec 2016 Top 10 Countries with Biggest Oil Reserves Going by the latest data, Venezuela is the country with highest reserve of crude oil in the world. 5 Jul 2016 America Now Leads the World In This Surprising Category United States is the country with the largest volume of oil reserves, with Russia and “Rystad Energy now estimates total global oil reserves at 2092 billion barrels, 14 Feb 2014 review of world energy, we calculated the countries with the largest reserves in three key fossil fuel categories — oil, coal, and natural gas. Trends in proven oil reserves in top five countries, 1980–2013 (data from US Energy Information Administration) A map of world oil reserves according to OPEC, January 2014 This is a list of countries by proven oil reserves . 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. Top 10 Countries With The World’s Biggest Oil Reserves 1. Venezuela. 2. Saudi Arabia. 3. Canada. 4. Iran. 5. Iraq. 6. Kuwait. 7. United Arab Emirates. 8. Russia. 9. Libya. 10. Nigeria.