Countries With The Highest World's Crude Oil Reserves @ A Glance - Foreign Affairs

Countries With The Highest World's Crude Oil Reserves @ A Glance - Foreign Affairs - Nairaland

Nairaland Forum › Nairaland General › Politics › Foreign Affairs › Countries With The Highest World's Crude Oil Reserves @ A Glance (16026 Views)

Poll: What Has The Discovery of Crude Oil Been To Nigeria

A. Blessing. 26% (207 votes)

B. Curse. 55% (437 votes)

C. I Dont Know. 18% (143 votes)

This poll has ended

1 2 Reply (Go Down)

Countries With The Highest World's Crude Oil Reserves @ A Glance by Racoon(op): 5:05pm On Jan 02

All of the World’s Oil Reserves by Country, in One Visualization

Oil remains one of the most strategically important resources in the global economy. It powers transportation systems, underpins industrial activity, and continues to shape geopolitics and trade flows. While renewable energy is growing, oil still plays a dominant role in meeting global energy needs.

This visualization ranks countries by the size of their proven oil reserves at the end of 2024. The data for this graphic comes from OPEC’s Annual Statistical Bulletin 2025. Figures represent proven oil reserves as of year-end 2024 and are measured in billions of barrels. The data includes conventional crude oil as well as oil sands.

Four Countries Dominate Global Oil Reserves
Global oil reserves are highly concentrated.

-1). Venezuela ranks first with an estimated 303 billion barrels of oil reserves. However, turning this vast resource base into economic and geopolitical power has proven difficult, as ongoing U.S. sanctions and the recent seizure of Venezuelan oil shipments under the Trump administration continue to limit the Maduro government’s ability to export crude and fully monetize its reserves.

-2). Saudi Arabia follows the South American country with 267 billion barrels.
-3). Iran, 4). Canada, and 5). Iraq round out the top five.

The Role of OPEC and the Middle East
Many of the world’s largest oil reserves are held by OPEC members, particularly in the Middle East. Saudi Arabia, Iran, Iraq, Kuwait, and the United Arab Emirates anchor the region’s dominance.

These countries benefit from low extraction costs and large, easily accessible reserves. As a result, Middle Eastern producers are expected to remain critical suppliers even as global demand growth slows.

Oil Sands and Non-OPEC Producers
Canada stands out among non-OPEC countries, ranking fourth globally with 163 billion barrels of reserves. The majority of Canada’s reserves come from oil sands, which are more expensive and carbon-intensive to extract. Russia and the United States also rank among the top 10.

Taken together, the data highlights how unevenly oil resources are distributed and why oil-rich nations continue to have significant economic and geopolitical power.

https://www.visualcapitalist.com/all-of-the-worlds-oil-reserves-by-country-in-one-visualization/

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Re: Countries With The Highest World's Crude Oil Reserves @ A Glance by Angelfrost(m): 5:12pm On Jan 02

No wonder Trump is after most of them...!

24 Likes 1 Share

Re: Countries With The Highest World's Crude Oil Reserves @ A Glance by Alphafeezay(m): 5:12pm On Jan 02

We have a sizeable chunk oh.... management is our major priority.

God help us

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Re: Countries With The Highest World's Crude Oil Reserves @ A Glance by Olat4421: 5:12pm On Jan 02

Nigeria crude oil is a blessing for polithiefians

9 Likes

Re: Countries With The Highest World's Crude Oil Reserves @ A Glance by vicfajeze: 5:12pm On Jan 02

So my country no dey top five?

Re: Countries With The Highest World's Crude Oil Reserves @ A Glance by Racoon(op): 5:12pm On Jan 02

Nigeria being one of nations blessed with crude oil(black gold) deposits but have nothing to show for it.

Now that the world is moving over to alternate cleaner source of energy, we finds it difficult to separate from crude oil. Why? Our national life has been so tied to it that to let go is a problem.

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Re: Countries With The Highest World's Crude Oil Reserves @ A Glance by saintjimos(m): 5:13pm On Jan 02

Of what use is the oil in the life of a common Nigerian

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Re: Countries With The Highest World's Crude Oil Reserves @ A Glance by oyeb15: 5:13pm On Jan 02

Thank God we have crude oil. This present regime would have been selling us one by one for revenue .

Baba will say he turn overpopulation to revenue.

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Re: Countries With The Highest World's Crude Oil Reserves @ A Glance by oche2020: 5:14pm On Jan 02

Nigeria data seems to be tempered with, I am sure we have more than what was put out there, A country so blessed with Natural resources but cursed with very wicked leaders.

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Re: Countries With The Highest World's Crude Oil Reserves @ A Glance by Ballerteam: 5:15pm On Jan 02

USA has more oil reserve than Nigeria shocked

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Re: Countries With The Highest World's Crude Oil Reserves @ A Glance by smokinloud(m): 5:18pm On Jan 02

With or without oil USA is still their Baba.

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Re: Countries With The Highest World's Crude Oil Reserves @ A Glance by Chukabiz(m): 5:20pm On Jan 02

Angelfrost:
No wonder Trump is after most of them...!

See them. They're after our oil Yeyeyeyeeeyeyeye.

9 Likes

Re: Countries With The Highest World's Crude Oil Reserves @ A Glance by CaptainFM1: 5:21pm On Jan 02

Nigeria is indeed a very poor country.

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Re: Countries With The Highest World's Crude Oil Reserves @ A Glance by selleniza: 5:22pm On Jan 02

The United Snakes of America is currently doing everything in its power to snag Venezuela oil reserve.

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Re: Countries With The Highest World's Crude Oil Reserves @ A Glance by Olaide1295: 5:25pm On Jan 02

Average Nigerian thinks Nigeria is the most blessed.
LOL, USA produces more than 12 times the oil we produce yet that is not the mainstay of the economy.

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Re: Countries With The Highest World's Crude Oil Reserves @ A Glance by Solsix(m): 5:28pm On Jan 02

Venezuela, why is their economy in shambles?

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Re: Countries With The Highest World's Crude Oil Reserves @ A Glance by Wizardslayer: 5:28pm On Jan 02

You can't trace Nigeria problem without involving the British.

The British are the architect of Nigerian problems.

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Re: Countries With The Highest World's Crude Oil Reserves @ A Glance by Entanglement: 5:28pm On Jan 02

Racoon:
https://www.visualcapitalist.com/all-of-the-worlds-oil-reserves-by-country-in-one-visualization/

who enter ground dey calculate all this undecided

Re: Countries With The Highest World's Crude Oil Reserves @ A Glance by onuman: 5:29pm On Jan 02

Venezuela, largest crude oil reserves.
Venezuela, poorest country in Latin America.
A lesson to sone Nigerian groups that think that crude oyel proceeds are all there is for a country to survive with
They clutch tight to one dysfunctional Nigeria because of cheap cash from crude oil.

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Re: Countries With The Highest World's Crude Oil Reserves @ A Glance by Hassanmaye(m): 5:31pm On Jan 02

Trump is going to christian Venezuela to fight "terrorism" (oil) and brainwashed Nigeria Christians think he will come and save them.

1 Like 1 Share

Re: Countries With The Highest World's Crude Oil Reserves @ A Glance by onuman: 5:36pm On Jan 02

Hassanmaye:
Trump is going to christian Venezuela to fight "terrorism" (oil) and brainwashed Nigeria Christians think he will come and save them.

Dissolution of Nigeria into more manageable countries is the only solution to the country's intractable problems.
A section of Nigeria cannot adopt Sharia criminal justice system in a multi religious society, yet expect Nigeria to remain one, clutch tight to one Nigeria because of cheap cash from crude oil in the Niger delta region.

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Re: Countries With The Highest World's Crude Oil Reserves @ A Glance by ChybuzzDD(m): 5:38pm On Jan 02

Angelfrost:
No wonder Trump is after most of them...!

Muppet

Xxxxxxxxxxxxxx

1 Like

Re: Countries With The Highest World's Crude Oil Reserves @ A Glance by Angelfrost(m): 5:46pm On Jan 02

Chukabiz:
See them. They're after our oil Yeyeyeyeeeyeyeye.

Argue with facts, not with me...!

Is Trump not hellbent on conquering the following:

Canada
Iran
Venezuela
Greenland
Etc...

Is he jumping on their backs solely for their own good or for America's thieving pockets?!! cool

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Re: Countries With The Highest World's Crude Oil Reserves @ A Glance by TechBaron: 5:50pm On Jan 02

Oh boy!

Nigeria Na real jonsing country.

Re: Countries With The Highest World's Crude Oil Reserves @ A Glance by Omoreal01: 5:53pm On Jan 02

Na 45B wey they get na him dey they use dey deceive the world! Even the innovation they claimed they have na still mostly immigrants made up their research strength. I just hope the BRICS can be serious and in some decades, China out run them.

Racoon:
https://www.visualcapitalist.com/all-of-the-worlds-oil-reserves-by-country-in-one-visualization/

Re: Countries With The Highest World's Crude Oil Reserves @ A Glance by Lithiumite: 5:57pm On Jan 02

And you call Nigeria a rich country

Re: Countries With The Highest World's Crude Oil Reserves @ A Glance by Omoreal01: 6:02pm On Jan 02

That Europe na hell, na only to steal from people they know... Now that civilisation has come, I see most them suffering in centuries.

Racoon:
https://www.visualcapitalist.com/all-of-the-worlds-oil-reserves-by-country-in-one-visualization/

Re: Countries With The Highest World's Crude Oil Reserves @ A Glance by amazingspiderma: 6:04pm On Jan 02

Venezuela has been poor since before Trump came to power, and will remain that way if the leadership doesn't prioritize it's people's welfare.

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Re: Countries With The Highest World's Crude Oil Reserves @ A Glance by Kdon2: 6:25pm On Jan 02

Angelfrost:
No wonder Trump is after most of them...!

Try get sense na. You just talk like person that never educated

1 Like

Re: Countries With The Highest World's Crude Oil Reserves @ A Glance by ngmgeek(m): 6:26pm On Jan 02

See raw data. We're here bragging about oil reserve when only a few privileged crooks have benefitted from it. 2027 is at corner, keep trading away your lives for half bags of rice and little enveloped cash and expect miracles.

Vote for those you trust that can get us out of this mess, okay 👍

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Re: Countries With The Highest World's Crude Oil Reserves @ A Glance by Emeskhalifa(m): 6:27pm On Jan 02

Chukabiz:
See them. They're after our oil Yeyeyeyeeeyeyeye.

U no dey read news. Even Trump himself admitted they want the Oil of Venezuela.

2 Likes

Re: Countries With The Highest World's Crude Oil Reserves @ A Glance by uniquetechng: 6:33pm On Jan 02

Angelfrost:
No wonder Trump is after most of them...!

US has more oil reserve than 95% of the world's nations including Nigeria, while are they not after Canada who has the third highest oil reserve in the world ? Remember US is the biggest oil producer in the world.

1 2 Reply

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