Name the top 10 countries in the world with oil reserves
16 May 2013 The country has the largest proven reserves in Africa. It is a major contributor to the supply of light, sweet crude oil to the rest of the world. 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 . Kuwait boasts the second largest oil reserves in the GCC, behind Saudi Arabia and is also among the world’s top 10 largest exporters of total oil products. 7. United Arab Emirates Top 20 Countries With The World’s Largest Proven Oil Reserves: Venezuela – 300 billion barrels. Saudi Arabia – 269 billion barrels. Canada – 171 billion barrels. Iran – 157.8 billion barrels. Iraq – 143 billion barrels. Kuwait – 104 billion barrels. Russia – 80 billion barrels. The United States, China, and India are the top consumers of oil products in the world with a share of world’s total of 20%, 13%, and 4% respectively. Oil includes crude oil, all other petroleum liquids, and biofuels. Let’s have a look at full list of top oil producing countries in the world below.
Kuwait boasts the second largest oil reserves in the GCC, behind Saudi Arabia and is also among the world’s top 10 largest exporters of total oil products. 7. United Arab Emirates
Top 20 Countries With The World’s Largest Proven Oil Reserves: Venezuela – 300 billion barrels. Saudi Arabia – 269 billion barrels. Canada – 171 billion barrels. Iran – 157.8 billion barrels. Iraq – 143 billion barrels. Kuwait – 104 billion barrels. Russia – 80 billion barrels. The United States, China, and India are the top consumers of oil products in the world with a share of world’s total of 20%, 13%, and 4% respectively. Oil includes crude oil, all other petroleum liquids, and biofuels. Let’s have a look at full list of top oil producing countries in the world below. More than 80% of the world's proven oil reserves are concentrated in just 10 countries. Venezuela holds the world's biggest proven oil reserve followed by Saudi Arabia, while Canada and Russia hold the third and the eighth largest oil reserves. Hydrocarbons-technology.com profiles the countries with the biggest proven oil reserves. These are the countries whose proven oil reserves are in the top 10 globally. 10. United States - 39,230 million barrels. The oil reserves of the United States (US) soared to new heights in recent years due to increased usage of unconventional drilling methods that enable extraction of more shale oil and gas than was previously possible. As a result of these, especially fracking and horizontal drilling, US reserves surpassed 36,000 million barrels in 2012 for the first time since 1975. Top 10 Countries With The Largest Proven Oil Reserves Rank Country Barrels (bbl) 1 Venezuela 298,400,000,000 2 Saudi Arabia 268,300,000,000 3 Canada 171,000,000,000 Top 10 Oil Producing Countries In The World: Where’s The Greatest Petroleum Dominion? Category: Financial News Despite the advent of the green economy, oil remains a valuable commodity capable of creating fortunes (and using them to purchase Premier League clubs or World Cups ). Under this definition, total world oil production in 2019 averaged 80,622,000 barrels per day. Approximately 68% came from the top ten countries, and an overlapping 44% came from the fourteen current OPEC members, in the table below. The top three producers have in recent history been (alphabetically) Russia, Saudi Arabia, and the United States.
Studies suggest that Russia may still have a lot of undiscovered oil and natural gas reserves. Russia is also the world’s largest natural gas producer and exporter. Saudi Arabia; Average Production in 2015- 11.62 million barrels a day. Saudi Arabia had the largest known oil reserves, an estimated 270 billion barrels, until Venezuela announced that it had more proven reserves in 2010-11.
14 Jun 2013 World oil production rose about 2.5% last year, from 4019 million tonnes Top 10 oil and gas producing countries in 2012 proven oil reserves in-situ for any given country when applying current levels of domestic oil production. (+5% to 2011), the US sits on top of the list of the 10 largest gas producers. 19 Aug 2019 Here's the data for the top 15 countries below: #10, Nigeria, 37.1 billion. #11, United States, 36.5 billion Venezuela tops the list with 300.9 billion barrels of oil in reserve – but even this vast wealth Even if a country is blessed with some of the most oil reserves in the world, it may not be able to 16 May 2013 The country has the largest proven reserves in Africa. It is a major contributor to the supply of light, sweet crude oil to the rest of the world. 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 . Kuwait boasts the second largest oil reserves in the GCC, behind Saudi Arabia and is also among the world’s top 10 largest exporters of total oil products. 7. United Arab Emirates Top 20 Countries With The World’s Largest Proven Oil Reserves: Venezuela – 300 billion barrels. Saudi Arabia – 269 billion barrels. Canada – 171 billion barrels. Iran – 157.8 billion barrels. Iraq – 143 billion barrels. Kuwait – 104 billion barrels. Russia – 80 billion barrels.
4 May 2017 Mexico – 10 billion barrels; Angola – 9 billion barrels; Ecuador – 8.8 billion barrels; Azerbaijan – 7 billion barrels. Note: Proven oil reserves are
19 Aug 2019 Here's the data for the top 15 countries below: #10, Nigeria, 37.1 billion. #11, United States, 36.5 billion Venezuela tops the list with 300.9 billion barrels of oil in reserve – but even this vast wealth Even if a country is blessed with some of the most oil reserves in the world, it may not be able to
OPEC Member Countries have made significant additions to their oil reserves in recent years, for example, by adopting best practices in the industry, realizing intensive explorations and enhanced recoveries. As a result, OPEC's proven oil reserves currently stand at 1,189.80 billion barrels. For more information: OPEC Annual Statistical Bulletin 2019
Under this definition, total world oil production in 2019 averaged 80,622,000 barrels per day. Approximately 68% came from the top ten countries, and an overlapping 44% came from the fourteen current OPEC members, in the table below. The top three producers have in recent history been (alphabetically) Russia, Saudi Arabia, and the United States. 10 Countries with the Biggest Forex Reserves. Asian nations dominate foreign currency reserves, accounting for six of the top 10. The Biggest Private Oil Companies in the World. Studies suggest that Russia may still have a lot of undiscovered oil and natural gas reserves. Russia is also the world’s largest natural gas producer and exporter. Saudi Arabia; Average Production in 2015- 11.62 million barrels a day. Saudi Arabia had the largest known oil reserves, an estimated 270 billion barrels, until Venezuela announced that it had more proven reserves in 2010-11. Interestingly, although Iran has a huge amount of oil, the Islamic republic doesn't even make it into the top three when it comes to proven crude oil reserves. Using the data provided by Barclays commodities analyst Michael Cohen, we put together a list of the 10 countries sitting on the greatest amounts of crude oil. Mexico has more than 10 billion barrels of proven oil reserves and is one of the top 10 oil producers in the world. The country still has the second most accessible oil reserves in the world and with some policy changes it can become an unrivaled powerhouse in the oil industry. Production: In accordance to an estimate held by IEA in 2011 , 63% of the world’s total oil output is obtained by the top ten largest producers which are given below: Let’s go into detail about the amount of oil that three of these ten countries is responsible for producing, starting with the USA. We’ll talk about China, which is the fifth highest oil producer in the world, and then go into conversation about Kuwait, the country the tenth highest oil production rates to date.
14 Jun 2013 World oil production rose about 2.5% last year, from 4019 million tonnes Top 10 oil and gas producing countries in 2012 proven oil reserves in-situ for any given country when applying current levels of domestic oil production. (+5% to 2011), the US sits on top of the list of the 10 largest gas producers. 19 Aug 2019 Here's the data for the top 15 countries below: #10, Nigeria, 37.1 billion. #11, United States, 36.5 billion Venezuela tops the list with 300.9 billion barrels of oil in reserve – but even this vast wealth Even if a country is blessed with some of the most oil reserves in the world, it may not be able to 16 May 2013 The country has the largest proven reserves in Africa. It is a major contributor to the supply of light, sweet crude oil to the rest of the world. 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 . Kuwait boasts the second largest oil reserves in the GCC, behind Saudi Arabia and is also among the world’s top 10 largest exporters of total oil products. 7. United Arab Emirates