Recent estimates:
Oil production: 8.322 million bbl/day
Oil consumption: 20.8 million bbl/day
Oil exports: 1.048 million bbl/day
Oil imports: 13.15 million bbl/day
Oil proved reserves: 21.76 billion bbl
This entry is the stock of proved reserves of crude oil in barrels (bbl). Proved reserves are those quantities of petroleum which, by analysis of geological and engineering data, can be estimated with a high degree of confidence to be commercially recoverable from a given date forward, from known reservoirs and under current economic conditions.
Proved reserves of oil:
1 World 1,331,000,000,000 1 January 2006 est.
2 Saudi Arabia 264,300,000,000 2007 est.
3 Canada 178,800,000,000 1 January 2006 est.
4 Iran 138,400,000,000 2007 est.
5 Iraq 115,000,000,000 1 January 2007 est.
6 Kuwait 101,500,000,000 2007 est.
7 United Arab Emirates 97,800,000,000 2007 est.
8 Venezuela 79,140,000,000 2007 est.
9 Russia 60,000,000,000 1 January 2006 est.
10 Libya 45,000,000,000 2007 est.
11 Nigeria 37,250,000,000 2007 est.
12 Angola 25,000,000,000 2007 est.
13 United States 21,760,000,000 1 January 2006 est.
Oil consumption (bbl/day)
1 World 80,290,000 2005 est.
2 United States 20,800,000 2005 est.
3 European Union 14,550,000 2004
4 China 6,930,000 2007 est.
5 Japan 5,353,000 2005
6 Russia 2,916,000 2006
7 Germany 2,618,000 2005 est.
8 India 2,438,000 2005 est.
9 Canada 2,290,000 2005
10 Korea, South 2,130,000 2006
11 Brazil 2,100,000 2006 est.
12 Mexico 2,078,000 2005 est.
13 Saudi Arabia 2,000,000 2005