Which country have the best oil in the world?
Which country have the best oil in the world?
Proven Oil Reserves, by Country
| Rank | Country | Oil Reserves (billion barrels) |
|---|---|---|
| #1 | Venezuela | 304 |
| #2 | Saudi Arabia | 298 |
| #3 | Canada | 170 |
| #4 | Iran | 156 |
What country was the top oil producing country in 2020?
Top 10 oil producers in 2020
- United States: 19.51 million bpd.
- Saudi Arabia: 11.81 million bpd.
- Russia: 11.49 million bpd.
- Canada: 5.50 million bpd.
- China: 4.89 million bpd.
- Iraq: 4.74 million bpd.
- United Arab Emirates (UAE): 4.01 million bpd.
- Brazil: 3.67 million bpd.
Which country has the most oil list?
Venezuela
Venezuela has the largest oil reserves of any country in the world, with more than 300 billion barrels of proven reserves. That is a 17.5% share of the entire global resource, and in 2011 the country surpassed Saudi Arabia to top worldwide list.
Who is the world’s biggest oil producer?
What countries are the top producers and consumers of oil?
| Country | Million barrels per day | Share of world total |
|---|---|---|
| United States | 18.60 | 20% |
| Saudi Arabia | 10.82 | 11% |
| Russia | 10.50 | 11% |
| Canada | 5.26 | 6% |
Where is the most oil?
Oil Reserves by Country
| # | Country | Oil Reserves (barrels) in 2016 |
|---|---|---|
| 1 | Venezuela | 299,953,000,000 |
| 2 | Saudi Arabia | 266,578,000,000 |
| 3 | Canada | 170,863,000,000 |
| 4 | Iran | 157,530,000,000 |
Who owns the oil industry?
Contrary to popular belief, and what some politicians might say, America’s oil companies aren’t owned just by a small group of insiders. Only 2.9 percent of industry shares are owned by corporate management. The rest is owned by tens of millions of Americans, many of them middle class.