Special Report

15 Countries That Control The World’s Oil

Source: Javier Blas / Wikimedia Commons

10. Libya
> Proved oil reserves: 48.4 billion barrels
> Reserves as a share of world total: 2.8%
> 2020 oil production: 389,596 barrels per day
> 2020 GDP per capita: $10,847
> 2020 oil exports as pct. of GDP: 43.9%

Source: halbergman / Getty Images

9. United States
> Proved oil reserves: 68.8 billion barrels
> Reserves as a share of world total: 4.0%
> 2020 oil production: 16.5 million barrels per day
> 2020 GDP per capita: $63,544
> 2020 oil exports as pct. of GDP: 0.4%

Source: EXTREME-PHOTOGRAPHER / E+ via Getty Images

8. United Arab Emirates
> Proved oil reserves: 97.8 billion barrels
> Reserves as a share of world total: 5.6%
> 2020 oil production: 3.7 million barrels per day
> 2020 GDP per capita: $69,958
> 2020 oil exports as pct. of GDP: 16.2%

Source: typhoonski / Getty Images

7. Kuwait
> Proved oil reserves: 101.5 billion barrels
> Reserves as a share of world total: 5.9%
> 2020 oil production: 2.7 million barrels per day
> 2020 GDP per capita: $51,962
> 2020 oil exports as pct. of GDP: 42.1%

Source: Evgenii Mitroshin / iStock via Getty Images

6. Russian Federation
> Proved oil reserves: 107.8 billion barrels
> Reserves as a share of world total: 6.2%
> 2020 oil production: 10.7 million barrels per day
> 2020 GDP per capita: $28,213
> 2020 oil exports as pct. of GDP: 9.2%

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