Oil reserve by country list

Most of the big fields in the proved oil reserves are in the Middle East, Venezuela, Canada, and Russia. Here's the number of barrels of proven oil reserves in 2018 for the top 15 countries according to the BP Statistical Review.

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. The World’s Largest Oil Reserves By Country. Proven oil reserves are those that have a reasonable certainty of being recoverable under existing economic and political conditions, with existing technology. Many oil-producing nations provide unaudited claims for their oil reserves. 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 The Most Oil Reserves by Country. Given that oil will continue to be dominant in the energy mix for the short and medium term, which countries hold the most oil reserves? Today’s map comes from HowMuch.net and it uses data from the CIA World Factbook to resize countries based on the amount of oil reserves they hold. Venezuela has the largest amount of oil reserves in the world with 300.9 billion barrels. Saudi Arabia has the second-largest amount of oil reserves in the world with 266.5 billion barrels. Despite Venezuela’s large supply of natural resources, the country still struggles economically and its people are going hungry. 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. Proved reserves of crude oil as of January 1 of the report year are the estimated quantities of all liquids defined as

20 Apr 2018 Ranking of top eight countries with highest oil reserves On the other hand, countries or member nations that conform the OPEC own more 

6 Jul 2016 The United States has surpassed Saudi Arabia and Russia as the global leader in oil reserves, according to a report by a Norwegian consultancy  List of Countries. VI. Notes and Methods. VIII. Oil - Supply and Demand. Oil - Production Quality. Reserves. 2. 46. Areas and Aggregates. 2. 46. The World Top   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   4 Nov 2019 The firm stated the UAE's reserves figures now stand at 105 billion STB of recoverable oil and 273 TSCF of conventional gas, moving the country  7 Oct 2019 The Oil-Dry Nations of the Greater Middle East. To really understand how the countries in the Middle East are related to the world's oil productions  20 Apr 2018 Ranking of top eight countries with highest oil reserves On the other hand, countries or member nations that conform the OPEC own more  Saudi Arabia has the second largest proven oil reserves in the world—some 268 billion barrels, approximately 16 percent of the world's proven reserves—not to 

1 Jul 2016 By 2010 the country's proved reserves reached 297 billion barrels, leaping over Saudi Arabia to become the country with the world's largest crude 

24 Oct 2018 (OPEC), this country is the biggest in terms of crude oil reserves. crude oil reserve, and it's not Saudi Arabia; check list of top 10 countries. 6 Jul 2016 The United States has surpassed Saudi Arabia and Russia as the global leader in oil reserves, according to a report by a Norwegian consultancy 

List of countries ranked by Oil - proved reserves.

5 Mar 2012 Information Administration and the CIA World Factbook, here are the countries with the biggest proven oil reserves. Click ahead for the list. 23 Jun 2011 The United States and other industrial nations said Thursday that they will release 60 million barrels of crude oil from strategic stockpiles in  1 Jul 2016 By 2010 the country's proved reserves reached 297 billion barrels, leaping over Saudi Arabia to become the country with the world's largest crude  1 Mar 2017 Alberta's recoverable reserves of oil are, still conservatively, the Administration (EIA) lists Venezuela's remaining proved reserves as 300  14 Nov 2016 Brazilian oil giant Petrobras (NYSE:PBR) falls to the bottom of the list. In fact, only Chevron holds steady at fifth place. What it means to investors. 30 Dec 2015 Here are the five countries hit the worst. Venezuela. Venezuela has the world's largest oil reserves. Its government has for years used the money  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.

Venezuela has the largest amount of oil reserves in the world with 300.9 billion barrels. Saudi Arabia has the second-largest amount of oil reserves in the world with 266.5 billion barrels. Despite Venezuela’s large supply of natural resources, the country still struggles economically and its people are going hungry.

Many oil-producing nations do not reveal their reservoir engineering field data and instead provide unaudited 

The Most Oil Reserves by Country. Given that oil will continue to be dominant in the energy mix for the short and medium term, which countries hold the most oil reserves? Today’s map comes from HowMuch.net and it uses data from the CIA World Factbook to resize countries based on the amount of oil reserves they hold.