However, 94% of known oil is concentrated in fewer than 1500 giant and major fields. Most of the world's largest oilfields are located in the Middle East , but there are also supergiant (>10 billion bbls) oilfields in Brazil, Mexico, Venezuela, Kazakhstan, and Russia. Saudi Arabia, a country known for its oil dominance, takes the #2 spot with 266.5 billion barrels of oil. Meanwhile, Canada and the U.S. are found at the #3 (169.7 billion bbls) and the #11 (36.5 billion bbls) spots respectively. This is a list of top 10 oil-producing countries in the world as of 2020. The United States, Russia, and Saudi Arabia still remain the top three highest oil-producing countries in the world according to the latest report by The U.S. Energy .

7 Sep 2013 The three largest offshore oil fields are located in the Persian Gulf, off the "The two countries have agreed on China's shareholding in the  20 May 2019 Venezuela has oil reserves of 302.3 Bbbl, while the neighboring Latin American country holds volumes almost as large as Gabon's, with 1.96  20 May 2019 Venezuela has oil reserves of 302.3 billion barrels, while the neighboring Latin American country holds volumes almost as large as Gabon's, with  20 Apr 2018 Ranking of top eight countries with highest oil reserves. Countries that possess large amounts of oil belong to The Organization of Petroleum  27 Mar 2019 Unsurprisingly, Venezuela has the largest amount of proven oil reserves in the world. The country has 300.9 billion barrels of oil in reserve. 13 Feb 2019 Here are EngineeringPro's pick of the top countries, projects and According to OPEC, Algeria has the 16th largest oil reserves in the world  31 Aug 2011 U.S.-led sanctions against Iran have made it difficult for the country to develop its substantial oil reserves and its even more substantial natural 

This list of oil fields includes some major oil fields of the past and present. The list is incomplete; there are more than 65,000 oil and gas fields of all sizes in the world. However, 94% of known oil is concentrated in fewer than 1500 giant and major fields. Most of the world's largest oilfields are located in the Middle East, but there USGS map of countries where oil is located.

22 May 2019 With a small population, and a wealth of oil – over 25.2 billion barrels in proven reserves – Qatar has the highest GDP per capita of any country in  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 The World's Largest Oil Reserves By Country. Proven oil reserves are those that have a reasonable certainty of being recoverable under existing  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  11 Oct 2019 Saudi Arabia holds the biggest oil reserves in the Middle East, at 297.7 thousand million barrels in 2018. The kingdom has 17.2% of the world's 

16 Jan 2020 The United States is the largest producer and consumer of oil in the world, posting a pair of fields in the top 20 that help contribute to the country's 

16 Sep 2017 Possessing over 298 billion barrels of proven oil reserves, Venezuela is by far the country with the largest reserves in the world today. While they  Oil reserves are found all over the world. However, some have produced more oil than others. The top oil producing countries are Saudi Arabia, Russia, the 

30 Jan 2019 Venezuela is Home to the World's Largest Oil Reserves. The chart shows the countries with the largest proven crude oil reserves as of 2017.

11 Oct 2019 Saudi Arabia holds the biggest oil reserves in the Middle East, at 297.7 thousand million barrels in 2018. The kingdom has 17.2% of the world's  11 Oct 2019 Oil generates revenue for countries with enough oil reserves to According to the most recent data, the top five oil-producing nations are the  25 Mar 2019 See the countries with the most oil reserves on this map, which resizes each country based on how many barrels of oil are contained in its  COUNTRY COMPARISON :: CRUDE OIL - PROVED RESERVES. Crude oil - proved reserves is the stock of proved reserves of crude oil, in barrels (bbl). Proved  DEFINITION: According to Web definitions the term refers to the total amount of petroleum (oil) discovered in any given oil field or nation. Thus it can be said that   17 Sep 2019 The lion's share of the country's petroleum, upwards of 80%, is extracted from offshore oil fields in the Gulf of Thailand where reserves are  As of October 2019, crude oil reserves in the United States of America was 12,655 thousand barrels per day. The top 5 countries also includes Russian Federation, 

The kingdom of Saudi Arabia has been one of the most favourable production countries of petroleum. They produce about 13.24% of the total production of oil around the world and are the leaders of both the produce and the oil export market because of lesser demands than the production.

8 Jan 2019 The World's Largest Oil Reserves By Country. Proven oil reserves are those that have a reasonable certainty of being recoverable under existing  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  11 Oct 2019 Saudi Arabia holds the biggest oil reserves in the Middle East, at 297.7 thousand million barrels in 2018. The kingdom has 17.2% of the world's  11 Oct 2019 Oil generates revenue for countries with enough oil reserves to According to the most recent data, the top five oil-producing nations are the  25 Mar 2019 See the countries with the most oil reserves on this map, which resizes each country based on how many barrels of oil are contained in its  COUNTRY COMPARISON :: CRUDE OIL - PROVED RESERVES. Crude oil - proved reserves is the stock of proved reserves of crude oil, in barrels (bbl). Proved 

COUNTRY COMPARISON :: CRUDE OIL - PROVED RESERVES. Crude oil - proved reserves is the stock of proved reserves of crude oil, in barrels (bbl). Proved  DEFINITION: According to Web definitions the term refers to the total amount of petroleum (oil) discovered in any given oil field or nation. Thus it can be said that   17 Sep 2019 The lion's share of the country's petroleum, upwards of 80%, is extracted from offshore oil fields in the Gulf of Thailand where reserves are  As of October 2019, crude oil reserves in the United States of America was 12,655 thousand barrels per day. The top 5 countries also includes Russian Federation,  Venezuela has replaced Saudi Arabia as the country with the largest oil reserves. Here's a look at the world's top 10 countries holding the most oil.