01/07/2026
Largest proven oil reserves
Venezuela – ~303 billion barrels
Saudi Arabia – ~267 billion barrels
Iran – ~209 billion barrels
Canada – ~163 billion barrels
Iraq – ~145 billion barrels
United Arab Emirates – ~113 billion barrels
Kuwait – ~102 billion barrels
Russia – ~80 billion barrels
Libya – ~48 billion barrels
United States – ~47 billion barrels
Largest oil producers
United States – about 13–14 million barrels per day
Saudi Arabia – about 9–11 million barrels per day
Russia – about 9–10 million barrels per day
So:
Most oil underground: Venezuela.
Most oil produced each day: United States.
