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The World’s Oil Reserves by Region

Where Are the World’s Largest Oil Reserves?

Key Takeaways

  • The Middle East holds nearly half (48.3%) of the world’s oil reserves, totaling 870.9 billion barrels.
  • Venezuela alone accounts for about 86% of Central and South America’s oil reserves.
  • Canada holds approximately 82% of North America’s oil reserves, largely due to its vast oil sands deposits.

Oil remains vital to global transportation, industry, and trade, making the location of its reserves strategically important.

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