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
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Supporting Information
| 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% |
Note: Total consumption is higher than total production due to refinery gains including alcohol and liquid products produced from coal and other sources. | ||||||