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Global Oil Production and Consumption

Oil. Who has it. Who makes it. And who needs it.

Oil Reserves - Top 20 Nations (% of Global)

Saudi Arabia has 261,700,000,000 barrels (bbl) of oil, fully 25% of the world's oil. The United States has 22,450,000,000 bbl.

The United States government recently declared Alberta's oil sands to be 'proven oil reserves.' Consequently, the U.S. upgraded its global oil estimates for Canada from five billions to 175 billion barrels. Only Saudi Arabia has more oil. The U.S. ambassador to Canada has said the United States needs this energy supply and has called for a more streamlined regulatory process to encourage investment and facilitate development.
- CBC Television - the nature of things - when is enough enough

Oil Production & Consumption, Top 20 Nations by Production (% of Global)

Here are the top 20 nations sorted by production, and their production and consumption figures. Saudi Arabia produces the most at 8,711,000.00 bbl per day, and the United States consumes the most at 19,650,000.00 bbl per day, a full 25% of the world's oil consumption.

Exports & Imports

Here's export and imports for all the nations listed in the CIA World Factbook, sorted alphabetically as having exports and imports.

Conspicuously missing is the United States, but I can tell you that we consume 19,650,000.00 bbl per day, and produce 8,054,000.00, leaving a discrepancy of 11,596,000.00  bbl per day.

This compares to the European Union, which produces 3,244,000.00 bbl per day and consumes 14,480,000.00 bbl per day for a discrepancy of 11,236,000.00 per day. Basically, about the same.

World Oil Market and Oil Price Chronologies: 1970 - 2003

From the Energy Information Administration.

Raw Numbers


CIA World Factbook

The U.S. Department of Energy

Energy Information Administration
Official Energy Statistics from the U.S. Government

page first created on Monday, January 31, 2005

© Mark Wieczorek