U.S. Department of Energy - Energy Efficiency and Renewable Energy
Vehicle Technologies Program
Fact #380: July 11, 2005
World Oil Reserves, Production, and Consumption, 2004
The United States was responsible for 9% of the world's petroleum production, held 2% of the world's crude oil reserves, and consumed 25% of the world's petroleum consumption in 2004. The Organization for Petroleum Exporting Countries (OPEC) held 70% of the world's crude oil reserves and produced 41% of world petroleum.
World Oil Reserves, Production, and Consumption, 2004 
Supporting Information
World Oil Reserves, Production, and Consumption, 2004
| |
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 |
21.9 |
2% |
7.2 |
9% |
20.5 |
25% |
| OPEC |
876.6 |
70% |
32.7 |
41% |
7.0 |
8% |
| Rest of world |
357.5 |
28% |
40.0 |
50% |
55.1 |
67% |
|
Source:
Reserves – Energy Information Administration, International Energy Annual 2003, Table 8.1
Production – Energy Information Administration, International Petroleum Monthly, May 2005, Tables 4.1a–4.1c and 4.3
Consumption – Energy Information Administration, International Petroleum Monthly, May 2005, Table 4.6
OPEC consumption (2003 data) – Energy Information Administration, International Energy Annual 2003, Table 1.2 |
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