Venezuela has highest proven reserve but this Crude Oil is very heavy and not easy to extract it from Reservoir. Apart from it ,OPEC Country do have lots of Current and historical Reserves, Production, and Consumption of Oil in Venezuela. Global rank and share of world's total. See also: List of countries by Oil Reserves Venezuela has proven reserves equivalent to 1,374.2 times its annual 17 Jun 2019 The United States Oil Fund (USO), which tracks West Texas Intermediate crude oil futures, rallied Thursday on news of attacks on oil tankers. 2 May 2019 Iraq also has the fifth-largest proven oil reserves, with an estimated 140 billion barrels of proven crude oil. The country has recently had to 4 Nov 2019 DUBAI, United Arab Emirates (AP) — The United Arab Emirates now says it is home to the world's sixth-largest crude oil reserves, surpassing With the world's seventh largest proven crude oil reserves, the UAE is a UAE is the rare country in the region that has a thriving private sector for oil and gas, 5 Jul 2016 search and press Enter. Crude oil prices today - Oilprice.com U.S. Has World's Largest Oil Reserves. By Nick Some countries report proven reserves, using conservative estimates from existing oil fields. Other countries
24/7 Wall St. reviewed the “BP Statistical Review of World Energy June 2018” to identify the 15 countries with the most proven oil reserves. The countries on this list span five continents and control anywhere from 12.8 billion barrels of oil to 303.2 billion barrels of oil. Venezuela holds the world’s largest proven oil reserves. The country’s proven oil reserve as of January 2013 stood at 297.57 billion barrels accounting for about one fifth of the world’s total proven oil reserve. The country produced 2.8million barrels of crude oil per day in 2012 with 149 active rigs. Oil Reserves, Their Categories, and the World's Largest. Proven Reserves. Of the three categories, the most commonly used is proven oil reserves . That's where analysis of geological and engineering data Oil Sands Reserves. World Reserves. Largest Reserves in 2018. U.S. Reserves. In reviewing the table of Middle East oil reserves, you will notice that no country in the region ranks for the top oil reserves in the world. So which country does rank number one? The answer is Venezuela with an estimated 302 billion barrels available of proved crude oil reserves.
The highest value was in Venezuela: 302.81 billion barrels and the lowest value was in Afghanistan: 0 billion barrels. Below is a chart for all countries where data
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 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 8 Jan 2019 Libya has the largest oil reserves in Africa and the ninth largest globally. some of the world's largest proven reserves of petroleum crude oil. 19 Jun 2019 That year, Venezuela was the country with the highest volume of crude oil reserves in the world, with more than 302 billion barrels. In the Latin 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 17 Feb 2020 What country has to most crude oil reserve? Crude oil Venezuela has the largest amount of oil reserves in the world with 300.9 billion barrels. Nigeria holds the second largest crude oil reserves in Africa, and the eleventh largest in the world. The country has 37 billion barrels of proved crude oil
Top 10 Countries With the Biggest Crude Oil Reserves. 1. Venezuela: 300.9 Gbbl. 2. Saudi Arabia: 266.5 Gbbl. 3. Canada: 169.7 Gbbl. 4. Iran: 158.4 Gbbl. 5. Iraq: 142.5 Gbbl.