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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
Graph showing the oil reserves, production, and consumption in the U.S., OPEC, and the rest of the world in 2007. For more detailed information, see the table below.

 

Supporting Information

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%

Note: 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.

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