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U.S. Department of Energy Energy Efficiency and Renewable Energy

Fact #432: July 10, 2006
World Oil Reserves, Production, and Consumption, 2005

The United States was responsible for 8% 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 2005. 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, 2005
Graph showing the reserves, production, and consumption of oil by the U.S., OPEC, and the rest of the world expressed as a percentage. For more detailed information, see the table below.

Supporting Information

World Oil Reserves, Production, and Consumption, 2005
  Crude Oil Reserves (billion barrels) Reserve Share Petroleum Production (million barrels per day) Petroleum Share Petroleum Consumption (million barrels per day) Consumption Share
United States 21.4 2% 6.8% 8% 20.7 25%
OPEC 892.3 70% 33.6% 41% 7.4 9%
Rest of World 363.5 28% 40.6% 50% 55.9 67%

Source:
Reserves – Energy Information Administration, International Energy Annual 2004, Table 8.1
Production – Energy Information Administration, International Petroleum Monthly, May 2006, Tables 4.1a–4.1c and 4.3
Consumption – Energy Information Administration, International Petroleum Monthly, May 2006, Table 4.6
OPEC consumption (2004 data) – Energy Information Administration, International Energy Annual 2004, Table 1.2

 

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