U.S. Department of Energy - Energy Efficiency and Renewable Energy
Vehicle Technologies Program
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 
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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