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Based on data from OPEC at the beginning of 2013 the highest proved oil reserves including non-conventional oil deposits are in Venezuela (20% of global reserves), Saudi Arabia (18% of global reserves), Canada (13% of global reserves), and Iran (9%).
The United States consumed 20.7 million barrels per day (MMbd) of petroleum products during 2007 making us the worldâs largest petroleum consu mer. The United States was third in crude oil production at 5.1 MMbd. But crude oil alo ne does not constitute all U.S. petroleum supplies. Significant gains occur, because crude oil expands in the refining process, liquid fuel is captured in the processing of natural gas, and we have other sources of liquid fuel, including biofuels. These additional supplies totaled 3.6 MMbd in 2007.