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Global oil reserves to production ratio 1980-2020

Published by Jessica Aizarani, Mar 17, 2023
In 2020, the ratio of global oil reserves to production, measured in years, was 53.5. This means that at the current level of production, global oil reserves will last another approximate 54 years before being depleted.

Proved oil reserves to production ratio worldwide from 1980 to 2020 (in years)

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Release date

July 2021

Region

Worldwide

Survey time period

1980 to 2020

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Statistics on " Oil industry in the U.S. "

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Statistics on Oil industry in the U.S.

Overview

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Reserves & production

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Infrastructure

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Trade & prices

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Economic impact & companies

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