Top 15 Countries with Oil Reserves 1980-2024 | Tonnes Metric

Shown are the total proven reserves of oil, measured in tonnes. This represents oil that we can reasonably ascertain can be extracted in the future under existing economic and operational conditions. Proven reserves decrease as oil is extracted and increase as new resources are discovered or become economically viable to extract. These reserves are a pivotal factor for many countries, determining their economic and political power as well as their role in the global energy arena. Some of the largest countries with proven oil reserves feature prominently among the top oil-producing nations, shaping geopolitical dynamics and influencing the global energy market.

Data source: Energy Institute - Statistical Review of World Energy (2023) – Learn more about this data

OurWorldInData.org/energy | CC BY

More videos you may enjoy:

-    • Top 15 Natural Gas Reserves by Countr...  
-    • Top 30 countries for wind energy per ...  
-    • Top 15 Democratic Сountries in the wo...  
-    • Top 15 countries with the highest ene...  
-    • Top 10 Countries with the Most Earthq...