Skip Navigation to main content U.S. Department of Energy U.S. Department of Energy Energy Efficiency and Renewable Energy
Bringing you a prosperous future where energy is clean, abundant, reliable, and affordable EERE Home
Vehicle Technologies Program
 
About the ProgramProgram AreasInformation ResourcesFinancial OpportunitiesTechnologiesDeploymentHome

Fact #266: May 5, 2003
World Oil Reserves, Production, and Consumption, 2002

The United States in 2002 was responsible for 2% of world crude oil reserves, 9% of petroleum production, and 25% of petroleum consumption. The Organization for Petroleum Exporting Countries (OPEC) nations have 80% of the world crude oil reserves and 41% of world petroleum production.

Graph: World Oil Production and Consumption

Notes:

  1. Refinery gains, including alcohol and liquid products from coal and other sources, cause total consumption to be higher than total production.
  2. OPEC countries include Venezuela, Iran, Iraq, Kuwait, Qatar, Saudi Arabia, United Arab Emirates, Algeria, Libya, Nigeria, Indonesia, Gabon, and Ecuador.
  3. OPEC consumption data are for 2001.

Supporting Information

World Oil Reserves, Production and Consumption, 2002
  Reserves Production Consumption
  (billion bbl) Reserve Share (million bbl/d) Production
Share		 (million bbl/d) Consumption
Share
United States  22.4  2%  5.8  9% 19.7 25%
OPEC 823.5 80% 26.4 41%  6.2  8%
Rest of World 186.1 18% 34.7 52% 51.6 67%

Notes:
1. Refinery gains, including alcohol and liquid products from coal and other sources, cause total consumption to be higher than total production.
2. OPEC countries include Venezuela, Iran, Iraq, Kuwait, Qatar, Saudi Arabia, United Arab Emirates, Algeria, Libya, Nigeria, Indonesia, Gabon, and Ecuador.
3. OPEC consumption data are for 2001.

Sources:
Reserves: Energy Information Administration, International Energy Annual 2001, Table 8.1
Production: Energy Information Administration, International Petroleum Monthly, March 2003, Tables 1.1a–1.1c
Consumption: Energy Information Administration, International Petroleum Monthly, March 2003, Table 2.4
OPEC Consumption (2001 data): Energy Information Administration, International Energy Annual 2001, Table 1.2

 

Return to 2003 Facts of the Week