World Oil Reserves, Production, and Consumption, 2007
July 6, 2009
The United States was responsible for 8% of the world's petroleum production, held 2% of the world's crude oil reserves, and consumed 24% of the world's petroleum consumption in 2007. The Organization for Petroleum Exporting Countries (OPEC) held 69% of the world's crude oil reserves and produced 41% of world petroleum.
World Oil Reserves, Production, and Consumption, 2007
World Oil Reserves, Production, and Consumption, 2007
| Crude oil reserves (billion barrels) | Reserve (Share) | Petroleum production (million barrels per day) | Production (Share) | Petroleum consumption (million barrels per day) | Consumption (Share) | |
|---|---|---|---|---|---|---|
| United States | 21.0 | 2% | 6.8 | 8% | 20.7 | 24% |
| OPEC | 908.9 | 69% | 35.3 | 41% | 7.9 | 9% |
| Rest of world | 386.8 | 29% | 38.8 | 48% | 57.0 | 67% |
Notes
- Total consumption is higher than total production due to refinery gains including alcohol and liquid products produced from coal and other sources.
- OPEC countries include Venezuela, Iran, Iraq, Kuwait, Qatar, Saudi Arabia, United Arab Emirates, Algeria, Libya, Nigeria, Indonesia, Gabon, and Ecuador. OPEC consumption data are for 2005.
Source
Oak Ridge National Laboratory, Transportation Energy Data Book: Edition 28, Figure 3.1, June 2009.