Global oil reserves to production ratio 1980-2018

This statistic shows the oil reserves to production ratio (measured in years) worldwide from 1980 to 2018. In 1980, the ratio of global oil reserves to production, measured in years, was 29.66. In 2018, it increased to 50 years. This means that at the current (2018) level of production, global oil reserves will last another 50.0 years before being depleted.

Oil reserves to production ratio worldwide from 1980 to 2018

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Source

Release date

June 2019

Region

Worldwide

Survey time period

1980 to 2018

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Statistics on "Oil industry in the UK"

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