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Crude oil reserves in OPEC countries from 2012 to 2017 (in billion barrels)*

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OPEC countries - oil reserves 2012-2017 This statistic shows the estimated crude oil reserves in OPEC countries as of year-end from 2012 to 2017. As of 2017, 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 2015, the average annual OPEC crude oil price was some 52.51 U.S. dollars per barrel, while in 2014 the price was nearly double that amount at 96.29 U.S. dollars per barrel.
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This statistic shows the estimated crude oil reserves in OPEC countries as of year-end from 2012 to 2017. As of 2017, 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 2015, the average annual OPEC crude oil price was some 52.51 U.S. dollars per barrel, while in 2014 the price was nearly double that amount at 96.29 U.S. dollars per barrel.
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Release date
June 2018
Region
Worldwide
Survey time period
2012 to 2017
Supplementary notes
* Figures are as of year-end and proven reserves. Condensates are included for some countries.
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