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 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 the world with a share of world’s total of 20%, 13%, and 4% respectively. According to the EIA, the United States surpassed Russia and Saudi Arabia to become the world’s largest crude oil producer in 2018. Texas, North Dakota, New Mexico, Oklahoma, and Alaska are the top

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  22 Nov 2019 According to the US EIA (Energy Information Administration), Venezuela has the largest proven crude oil reserves in the world at 303 billion  A few years later, the world's biggest oil field is found in Saudi Arabia, and the country quickly becomes the world's largest exporter of oil—though it does not  9 Mar 2020 Top 15. Below are the 15 countries that imported the highest dollar value worth of crude oil during 2018. China: US$239.2 billion (20.2 

11 Oct 2019 According to The World Factbook, the petroleum sector accounts for roughly 42% of the country's gross domestic product (GDP), 87% of its 

23 Oct 2019 Officially known as the Kingdom of Saudi Arabia, the country of Saudi Arabia is the world's number one oil exporter and the country with the  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  22 May 2019 With a small population, and a wealth of oil – over 25.2 billion barrels in proven reserves – Qatar has the highest GDP per capita of any country in  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  22 Nov 2019 According to the US EIA (Energy Information Administration), Venezuela has the largest proven crude oil reserves in the world at 303 billion  A few years later, the world's biggest oil field is found in Saudi Arabia, and the country quickly becomes the world's largest exporter of oil—though it does not 

List of world countries by proven Oil Reserves in million cubic feet (MMcf), and per capita.

The top three producers have in recent history been (alphabetically) Russia, Saudi Arabia, and the United States. Each of these countries experienced major   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. Proven reserves are those quantities of  11 Oct 2019 According to The World Factbook, the petroleum sector accounts for roughly 42% of the country's gross domestic product (GDP), 87% of its  The 10 largest oil1 producers and share of total world oil production2 in 20183. Country, Million barrels per day, Share of world total. United States, 17.94, 18%.

The Middle Eastern country possesses 18 percent of the world’s proven petroleum reserves and ranks as the largest exporter of petroleum. Its oil and gas sector accounts for about 50 percent of its

This is a list of countries by oil consumption. The total worldwide oil consumption was 93 million barrels per day (bbl/day) on average in 2015 according to the International Energy Agency (IEA). The World's Top Oil Producers of 2019. 1. United States. The United States is the top oil-producing country in the world, with an average of 17.87 million b/d, which accounts for 18% of 2. Saudi Arabia. 3. Russia. 4. Canada. 5. China. Oil export revenues. Academic contributions have written about differences in petroleum revenue management in various countries. Many scholars see the natural resource wealth in some countries as a natural resource blessing, while in others it has been referred to as a natural resource curse. A vast body of resource curse literature has studied the role of governance regimes, legal frameworks Officially known as the Kingdom of Saudi Arabia, the country of Saudi Arabia is the world's number one oil exporter and the country with the largest amount of oil reserves. Formed in 1932, the country was responsible for 15.9% of global oil exports in 2017, totaling $133.6 billion in value. Largest Oil Producing Countries in 2019 Mexico. Mexico is currently the 10 th largest oil producing country in the world 2019. Venezuela. Venezuela produces about 3,023,000 barrels of oil per day and is one United Arab Emirates (UAE) United Arab Emirates or UAE is also one of the biggest oil 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. With oil mostly available in a few giant fields, more than 95 % of the oil is obtained from just eight major fields. Saudi Arabia and Russia also top the list of oil exporting countries, while Russia is not a member of OPEC. The monthly U.S. oil production reached 10.07 million b/d in November 2017, the highest monthly level of crude oil production in U.S. history.

9 Mar 2020 Top 15. Below are the 15 countries that imported the highest dollar value worth of crude oil during 2018. China: US$239.2 billion (20.2 

20 Apr 2018 Ranking of top eight countries with highest oil reserves. Countries that possess large amounts of oil belong to The Organization of Petroleum  For Azerbaijan, Russia and Kazakhstan as Post-Soviet countries, oil exports are main revenues sources. These three resource rich countries implemented  16 Sep 2017 Possessing over 298 billion barrels of proven oil reserves, Venezuela is by far the country with the largest reserves in the world today. While they  24 Jun 2019 These are the countries whose proven oil reserves are in the top 10 globally. « This info was last updated on 8 Jan 2019 ». United States –  20 May 2019 Venezuela, which sits atop more oil than Saudi Arabia, has fallen behind three other Latin American countries as years of mismanagement and  12 Dec 2017 Countries with the biggest oil reserves: Opec and non-Opec producers led by Russia agreed to extend production cuts until the end of 2018. Oil production in Sudan is a sensitive issue due to US sanctions against the country and "genocide complicity" allegations against oil companies involved there 

Officially known as the Kingdom of Saudi Arabia, the country of Saudi Arabia is the world's number one oil exporter and the country with the largest amount of oil reserves. Formed in 1932, the country was responsible for 15.9% of global oil exports in 2017, totaling $133.6 billion in value.