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

Fact #487: September 17, 2007
World Oil Reserves, Production, and Consumption, 2006

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 in 2006. 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, 2006
Graph showing the world oil reserves, production, and consumption in 2006 for the US, OPEC, and the rest of the world. For more detailed information, see the table below.

Supporting Information

World Oil Reserves, Production, and Consumption, 2006
  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 21.8 2% 6.9 8% 20.6 24%
OPEC 908.8 70% 33.6 41% 7.8 9%
Rest of World 362.4 28% 40.9 50% 56.1 66%

Sources:
Reserves – Energy Information Administration, International Energy Annual 2005, Table 8.1.
Production – Energy Information Administration, International Petroleum Monthly, July 2007, Tables 4.1a–4.1d and 4.3.
Consumption – Energy Information Administration, International Petroleum Monthly, May 2006, Table 4.6.
OPEC consumption (2005 data) – Energy Information Administration, International Energy Annual 2005, Table 1.2.

 

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