As a result, the countries that control the world’s oil reserves often have disproportionate geopolitical and economic power. 24/7 Wall St. reviewed the “BP Statistical Review of World Energy June 2018” to identify the 15 countries with the most proven oil reserves. The countries on this list span five continents and control anywhere from 12.8 billion barrels of oil to 303.2 billion barrels of oil. United States• Proven oil reserves: 50.0 billion barrels (2.9% of world total)• 2017 daily oil production: 13.1 million barrels• 5 yr. oil production change: +46.6%• GDP per-capita: $59,928The United States has 50 billion barrels of proven oil reserves, more than all but eight other countries worldwide and equal to 2.9% of the world's proven oil reserves. Proven oil reserves data came from “BP Statistical Review of World Energy June 2018.” Reserves as a share of world total reserves and oil production in barrels also came from BP’s report.

Source: Libya Today May 22, 2019 09:56 UTC