Proven oil reserves are quantities of petroleum that geological and engineering data demonstrate with reasonable certainty to be recoverable under existing economic and operational conditions.

Which Countries Have the Most Oil? Global Oil Reserves and Their Market Impact

Oil is the backbone of modern economies. From powering vehicles to serving as the feedstock for plastics and chemicals, petroleum has shaped industries, geopolitics, and global trade. While dozens of countries produce oil, only a handful control the majority of proven reserves. In this article, we’ll look at which nations hold the most oil underground…