Crude Oil including Lease Condensate Reserves

(thousand barrels per day)

The United States of America is the top country by crude oil reserves in the world. As of January 2024, crude oil reserves in the United States of America was 12,533.2 thousand barrels per day. The top 5 countries also includes Russian Federation, Saudi Arabia, Canada, and Iraq.

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What is crude oil reserves?

Proved reserves of crude oil as of January 1 of the report year are the estimated quantities of all liquids defined as crude oil, which geological and engineering data demonstrate with reasonable certainty to be recoverable in future years from reservoirs under existing economic and operating conditions.