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Comparison of proven oil reserves from some widely used sources (billions of barrels, 2021) Source. Canada. Iran. Iraq. Russia. Saudi Arabia. United States. Venezuela.
Under this definition (crude and condensate), total world oil production in 2023 averaged 81,804,000 barrels per day. Approximately 72% of world oil production came from the top ten countries, and an overlapping 35% came from the twelve OPEC members. Members of OPEC+, which includes OPEC members produce about 60% of the world's petroleum.
A map of world oil production (2013) Oil-producing countries (information from 2006 to 2012) This article includes a chart representing proven reserves, production, consumption, exports and imports of oil by country .
Storage capacity was around 55 million barrels as of year-end 2012. The country's largest oil storage facility is located on Jurong Island and can store about 17 million barrels. As of 2013, the Singapore government maintains strategic petroleum reserves of about 32 million barrels of crude oil and 65 million barrels of refined petroleum products.
Although the US proved oil reserves grew by 3.8 billion barrels in 2011, even after deducting 2.07 billion barrels of production, only 8% of the 5.84 billion barrels of the newly booked oil was due to new field discoveries (US EIA) Within the petroleum industry, proven crude oil reserves in the United States were 44.4 billion barrels (7.06 × ...
The proven oil reserves in Venezuela are recognized as the largest in the world, totaling 300 billion barrels (4.8 × 10 10 m 3) as of 1 January 2014. [1] The 2019 edition of the BP Statistical Review of World Energy reports the total proved reserves of 303.3 billion barrels for Venezuela (slightly more than Saudi Arabia's 297.7 billion barrels).
A 2008 estimate set the total world resources of oil shale at 689 gigatones—equivalent to yield of 4.8 trillion barrels (760 billion cubic metres) of shale oil, with the largest reserves in the United States, which is thought to have 3.7 trillion barrels (590 billion cubic metres), though only a part of it is recoverable. [15]
This list of oil fields includes some major oil fields of the past and present. Countries by proven oil reserves 2017. The list is incomplete; there are more than 25,000 oil and gas fields of all sizes in the world. [1] However, 94 % of known oil is concentrated in fewer than 1500 giant and major fields. [2]