U.S. Department of Energy - Energy Efficiency and Renewable Energy
Vehicle Technologies Program
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.
Notes:
- Refinery gains, including alcohol and liquid products from coal and other sources, cause total consumption to be higher than total production.
- 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 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 |
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