Venezuela had the largest oil reserves worldwide in 2020, with figures at nearly 304 billion barrels, an increase of roughly 244 billion barrels in comparison with 1990. As of 2020, Saudi Arabia and Canada held the second and third largest global reserves, at approximately 298 and 168 billion barrels, respectively.
Oil reserves worldwide from 1990 to 2020, by leading countries
(in billion barrels)
The estimates in this table have been compiled using a combination of primary official sources, third-party data from the OPEC Secretariat, World Oil, Oil & Gas Journal and an independent estimate of Russian and Chinese reserves based on information in the public domain.
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BP. (July 8, 2021). Oil reserves worldwide from 1990 to 2020, by leading countries (in billion barrels) [Graph]. In Statista. Retrieved May 17, 2022, from https://www.statista.com/statistics/264439/oil-reserves-in-selected-countries-since-1990/
BP. "Oil reserves worldwide from 1990 to 2020, by leading countries (in billion barrels)." Chart. July 8, 2021. Statista. Accessed May 17, 2022. https://www.statista.com/statistics/264439/oil-reserves-in-selected-countries-since-1990/
BP. (2021). Oil reserves worldwide from 1990 to 2020, by leading countries (in billion barrels). Statista. Statista Inc.. Accessed: May 17, 2022. https://www.statista.com/statistics/264439/oil-reserves-in-selected-countries-since-1990/
BP. "Oil Reserves Worldwide from 1990 to 2020, by Leading Countries (in Billion Barrels)." Statista, Statista Inc., 8 Jul 2021, https://www.statista.com/statistics/264439/oil-reserves-in-selected-countries-since-1990/
BP, Oil reserves worldwide from 1990 to 2020, by leading countries (in billion barrels) Statista, https://www.statista.com/statistics/264439/oil-reserves-in-selected-countries-since-1990/ (last visited May 17, 2022)
