🚀World’s Largest Proven Oil Reserves: A Global Snapshot🚀

Proven oil reserves play a critical role in shaping global energy markets and geopolitics.

1:

Venezuela ranks first with approximately 303 billion barrels, making it the world’s largest holder of proven reserves.

2:

Saudi Arabia follows with around 267 billion barrels, maintaining its strategic influence over global oil supply.

3:

Iran holds nearly 209 billion barrels.

4:

Canada ranks fourth with about 170 billion barrels, largely from oil sands.

5:

Iraq completes the top five with roughly 145 billion barrels.

6:

The United States, with an estimated 75 billion barrels, has smaller reserves but remains a leading producer due to advanced extraction technologies and shale oil development.

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