Summary Table
Oil Reserves | 1,650,585,140,000 | barrels |
Oil Consumption | 35,442,913,090 | barrels per year |
| 97,103,871 | barrels per day | |
Reserves/Consumption | 47 | (years left) |
(Data shown in the table is for 2016. Counter shows current estimate.)
World Oil Reserves
See also: List of countries by Oil Reserves
There are 1.65 trillion barrels of proven oil reserves in the world as of 2016.
The world has proven reserves equivalent to 46.6 times its annual consumption levels. This means it has about 47 years of oil left (at current consumption levels and excluding unproven reserves).
See Also
Fuel Cost CalculatorSEN. WHITEHOUSE ON FOSSIL FUEL SUBSIDIES: “WE ARE SUBSIDIZING THE DANGER” | U.S. Senate Committee On The BudgetHere's What Americans Are Spending Their Money On. Are They Being Smart About Their Spending?Gas prices are the most expensive in US history, breaking record from 2008Oil Reserves
1,650,585,140,000 barrels
47 years of oil left
(at current consumption levels)
History of World's Proven Oil Reserves
World Oil Consumption
See also: List of countries by Oil Consumption
- The world consumes 35,442,913,090 barrels of oil as of the year 2016, equivalent to 97,103,871 barrels per day.
- Global oil consumption per capita is 5 barrels of oil (197 gallons) per person yearly (based on the 2016 world population of 7,558,554,526 people) or 0.5 gallons per capita per day.
History of Global Oil Consumption
| # | Country | Oil Reserves (barrels) in 2016 | World Share |
|---|---|---|---|
| 1 | Venezuela | 299,953,000,000 | 18.2% |
| 2 | Saudi Arabia | 266,578,000,000 | 16.2% |
| 3 | Canada | 170,863,000,000 | 10.4% |
| 4 | Iran | 157,530,000,000 | 9.5% |
| 5 | Iraq | 143,069,000,000 | 8.7% |
| 6 | Kuwait | 101,500,000,000 | 6.1% |
| 7 | United Arab Emirates | 97,800,000,000 | 5.9% |
| 8 | Russia | 80,000,000,000 | 4.8% |
| 9 | Libya | 48,363,000,000 | 2.9% |
| 10 | Nigeria | 37,070,000,000 | 2.2% |
| 11 | United States | 35,230,000,000 | 2.1% |
| 12 | Kazakhstan | 30,000,000,000 | 1.8% |
| 13 | Qatar | 25,244,000,000 | 1.5% |
| 14 | China | 25,132,122,000 | 1.5% |
| 15 | Brazil | 16,184,100,000 | 1.0% |
| 16 | Algeria | 12,200,000,000 | 0.7% |
| 17 | Mexico | 9,711,000,000 | 0.59% |
| 18 | Angola | 8,423,000,000 | 0.51% |
| 19 | Ecuador | 8,273,000,000 | 0.50% |
| 20 | Azerbaijan | 7,000,000,000 | 0.42% |
| 21 | Oman | 5,306,000,000 | 0.32% |
| 22 | Norway | 5,138,767,000 | 0.31% |
| 23 | Sudan | 5,000,000,000 | 0.30% |
| 24 | India | 4,728,790,000 | 0.29% |
| 25 | Vietnam | 4,400,000,000 | 0.27% |
| 26 | Egypt | 4,400,000,000 | 0.27% |
| 27 | Indonesia | 3,692,500,000 | 0.22% |
| 28 | Malaysia | 3,600,000,000 | 0.22% |
| 29 | Yemen | 3,000,000,000 | 0.18% |
| 30 | United Kingdom | 2,754,685,000 | 0.17% |
| 31 | Syria | 2,500,000,000 | 0.15% |
| 32 | Uganda | 2,500,000,000 | 0.15% |
| 33 | Argentina | 2,379,702,000 | 0.14% |
| 34 | Colombia | 2,308,000,000 | 0.14% |
| 35 | Gabon | 2,000,000,000 | 0.12% |
| 36 | Congo | 1,600,000,000 | 0.10% |
| 37 | Chad | 1,500,000,000 | 0.09% |
| 38 | Australia | 1,193,000,000 | 0.07% |
| 39 | Brunei | 1,100,000,000 | 0.07% |
| 40 | Equatorial Guinea | 1,100,000,000 | 0.07% |
| 41 | Trinidad and Tobago | 728,300,000 | 0.044% |
| 42 | Peru | 682,681,000 | 0.041% |
| 43 | Ghana | 660,000,000 | 0.040% |
| 44 | Turkmenistan | 600,000,000 | 0.036% |
| 45 | Romania | 600,000,000 | 0.036% |
| 46 | Uzbekistan | 594,000,000 | 0.036% |
| 47 | Italy | 579,232,000 | 0.035% |
| 48 | Denmark | 551,000,000 | 0.033% |
| 49 | Tunisia | 425,000,000 | 0.026% |
| 50 | Thailand | 404,890,000 | 0.025% |
| 51 | Ukraine | 395,000,000 | 0.024% |
| 52 | Pakistan | 353,500,000 | 0.021% |
| 53 | Turkey | 312,000,000 | 0.019% |
| 54 | Bolivia | 211,450,000 | 0.013% |
| 55 | Cameroon | 200,000,000 | 0.012% |
| 56 | Belarus | 198,000,000 | 0.012% |
| 57 | Papua New Guinea | 180,249,000 | 0.011% |
| 58 | DR Congo | 180,000,000 | 0.011% |
| 59 | Albania | 168,332,000 | 0.010% |
| 60 | Chile | 150,000,000 | 0.009% |
| 61 | Niger | 150,000,000 | 0.009% |
| 62 | Spain | 150,000,000 | 0.009% |
| 63 | Netherlands | 140,892,000 | 0.009% |
| 64 | Philippines | 138,500,000 | 0.008% |
| 65 | Poland | 137,752,000 | 0.008% |
| 66 | Germany | 132,480,000 | 0.008% |
| 67 | Bahrain | 124,560,000 | 0.008% |
| 68 | Cuba | 124,000,000 | 0.008% |
| 69 | Suriname | 99,980,000 | 0.0061% |
| 70 | Côte d'Ivoire | 100,000,000 | 0.006% |
| 71 | Guatemala | 83,070,000 | 0.0050% |
| 72 | France | 78,431,000 | 0.0048% |
| 73 | Serbia | 77,500,000 | 0.0047% |
| 74 | Croatia | 71,000,000 | 0.0043% |
| 75 | New Zealand | 64,100,000 | 0.0039% |
| 76 | Myanmar | 50,000,000 | 0.0030% |
| 77 | Austria | 45,400,000 | 0.0028% |
| 78 | Japan | 44,115,000 | 0.0027% |
| 79 | Kyrgyzstan | 40,000,000 | 0.0024% |
| 80 | Georgia | 35,000,000 | 0.0021% |
| 81 | Hungary | 28,600,000 | 0.0017% |
| 82 | Bangladesh | 28,000,000 | 0.0017% |
| 83 | Mauritania | 20,000,000 | 0.0012% |
| 84 | Bulgaria | 15,000,000 | 0.0009% |
| 85 | Czech Republic (Czechia) | 15,000,000 | 0.0009% |
| 86 | South Africa | 15,000,000 | 0.0009% |
| 87 | Israel | 13,953,000 | 0.0008% |
| 88 | Lithuania | 12,000,000 | 0.0007% |
| 89 | Tajikistan | 12,000,000 | 0.0007% |
| 90 | Greece | 10,000,000 | 0.0006% |
| 91 | Slovakia | 9,000,000 | 0.0005% |
| 92 | Benin | 8,000,000 | 0.0005% |
| 93 | Belize | 6,700,000 | 0.0004% |
| 94 | Taiwan | 2,380,000 | 0.0001% |
| 95 | Barbados | 2,315,000 | 0.0001% |
| 96 | Jordan | 1,000,000 | 0.0001% |
| 97 | Morocco | 684,000 | 0.0000% |
| 98 | Ethiopia | 428,000 | 0.0000% |
Sources
- Statistical Review of World Energy - British Petroleum
- U.S. Energy Information Administration (EIA)
