OPEC countries - oil reserves 2012-2018

This statistic shows the estimated crude oil reserves in OPEC countries as of year-end from 2012 to 2018. As of 2018, Kuwait's oil reserves were estimated to be some 101.5 billion barrels. This amount places Kuwait as one of the top five OPEC members based on crude oil reserves. In 2018, the average annual OPEC crude oil price was some 69.78 U.S. dollars per barrel, while in 2014 the price was 96.29 U.S. dollars per barrel.

Crude oil reserves in OPEC countries from 2012 to 2018 (in billion barrels)*

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Release date

June 2019



Survey time period

2012 to 2018

Supplementary notes

* Figures are as of year-end and proven reserves. Condensates are included for some countries.

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Statistics on "OPEC"

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