Oil26 Mar 2026 03:02
Venezuela: ~303 billion barrels
Saudi Arabia: ~267-268 billion barrels
Iran: ~208 billion barrels
Canada: ~171 billion barrels
Iraq: ~145 billion barrels
The World Economic Forum
The World Economic Forum
+2
Key Distinctions in Oil Ownership:
Largest Reserves (Venezuela): Venezuela's oil is mainly extra-heavy crude, which is costlier to refine.
Largest Producer (USA): The United States is the world's leading producer, extracting 21.91 million barrels per day in 2023