What Country Has The Least Oil?

Who has the best oil in the world?

The United StatesThe United States is the top oil-producing country in the world, with an average of 19.47 million barrels per day (b/d), which accounts for 19% of the world’s production.1 The U.S.

has held the top spot for the past six years..

What country has the least amount of oil?

For all intents and purposes, that amounts to no oil.France.Italy. > GDP rank: eighth largest. … South Korea. > GDP rank: 13th largest. … Spain. > GDP rank: 14th largest. … Netherlands. > GDP rank: 16th largest. … Turkey. > GDP rank: 18th largest. … Switzerland. > GDP rank: 20th largest. … Sweden. > GDP rank: 22nd largest. … More items…•

What countries in the Middle East do not have oil?

The oil-dry countries of the Middle East include:Afghanistan.Cyprus.Comoros.Djibouti.Eritrea.Lebanon.Somalia.

Who owns the most oil in the world?

CountriesProven reserves (millions of barrels)U.S. EIA (start of 2020)OPEC (end of 2017)CountryRankReservesVenezuela (see: Oil reserves in Venezuela)1302,809Saudi Arabia (see: Oil reserves in Saudi Arabia)2266,260Canada (see: Oil reserves in Canada)34,42162 more rows

How much oil is left in the world?

There are 1.65 trillion barrels of proven oil reserves in the world as of 2016. The world has proven reserves equivalent to 46.6 times its annual consumption levels. This means it has about 47 years of oil left (at current consumption levels and excluding unproven reserves).

Where does the US get its oil 2020?

Saudi Arabia, the largest OPEC exporter, was the source of 6% of U.S. total petroleum imports and 7% of U.S. crude oil imports. Saudi Arabia is also the largest source of U.S. petroleum imports from Persian Gulf countries.

What is the dirtiest oil in the world?

Tar sandsTar sands are the dirtiest source of oil on Earth. This extreme source of oil is currently being mined mainly in Alberta Canada, however, oil companies are now pursuing tar sands mines in the U.S. West. Tar sands are composed of clay, sand, water, and bitumen (a heavy black hydrocarbon).

What’s the most expensive oil?

Champaca AbsoluteChampaca Absolute – Essential Oils Its powerful citrus and floral scent is much appreciated in India and parts of Asia where it is also used as a perfume and as a powerful aphrodisiac. A very expensive one, since the price per ounce is a staggering $2,256, making it the most expensive essential oils in the world.

What country has the most natural oil?

Top ten countries with the largest oil reservesVenezuela – 304 billion barrels. … Saudi Arabia – 298 billion barrels. … Canada – 170 billion barrels. … Iran – 156 billion barrels. … Iraq – 145 billion barrels. … Russia – 107 billion barrels. … Kuwait – 102 billion barrels. … United Arab Emirates – 98 billion barrels.More items…•

Do all countries have oil?

About 100 countries produce crude oil. However, in 2019, five countries accounted for about half of the world’s total crude oil production.

Where does America get its oil?

The largest sources of U.S. imported oil were: Canada (49%), Mexico (7%), Saudi Arabia (6%), Russia (6%), and Colombia (4%). According to the American Petroleum Institute, the oil and natural gas industry supports nine million U.S. jobs and makes up seven percent of the nation’s gross domestic product.