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Annual Statistical Bulletin 2024
Annual Statistical Bulletin 2024

Oil data: upstream

World crude reserves

World Proven Crude Oil Reserves

(billion barrels)
  2019 2020 2021 2022 2023 Change 23/22 % Change 23/22 Avg. Gr. (%) Mean SD Min Max CV Share in 2023 (%)
OECD Americas 54.58 46.40 52.23 55.71 58.27 2.56 4.59 1.65 53.44 4.49 46.40 58.27 0.08 3.71
OECD Europe 13.22 12.41 11.77 11.25 11.12 -0.14 -1.21 -4.25 11.95 0.87 11.12 13.22 0.07 0.71
OECD Asia Pacific 2.48 2.48 1.83 1.89 1.91 0.02 0.85 -6.34 2.12 0.33 1.83 2.48 0.16 0.12
China 26.15 26.02 26.49 27.00 27.89 0.89 3.28 1.62 26.71 0.76 26.02 27.89 0.03 1.78
India 4.42 4.61 4.49 4.37 4.85 0.48 10.96 2.33 4.55 0.19 4.37 4.85 0.04 0.31
Other Asia 13.58 12.84 12.83 11.32 11.32 0.01 0.06 -4.44 12.38 1.01 11.32 13.58 0.08 0.72
Latin America 331.63 330.72 340.48 342.27 343.62 1.35 0.39 0.89 337.74 6.11 330.72 343.62 0.02 21.89
Middle East 863.42 865.52 869.61 871.10 871.18 0.09 0.01 0.22 868.17 3.51 863.42 871.18 0.00 55.51
Africa 124.12 123.45 119.10 119.05 119.58 0.53 0.45 -0.93 121.06 2.51 119.05 124.12 0.02 7.62
Russia 80.00 80.00 80.00 80.00 80.00 0.00 0.00 0.00 80.00 0.00 80.00 80.00 0.00 5.10
Other Eurasia 38.87 38.87 38.87 38.87 38.87 0.00 0.00 0.00 38.87 0.00 38.87 38.87 0.00 2.48
Other Europe 0.91 0.91 0.91 0.91 0.91 0.00 0.00 0.00 0.91 0.00 0.91 0.91 0.00 0.06
Total world 1553.39 1544.23 1558.63 1563.74 1569.52 5.78 0.37 0.26 1557.90 9.70 1544.23 1569.52 0.01 100.00
OPEC share (%) 79.41 79.98 79.51 79.36 79.09 -0.27 -0.34 -0.10 79.47 0.33 79.09 79.98 0.00