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Is There Enough Oil Left?
Is There Enough Oil Left?
Sputnik International
Non-OPEC countries possess bigger oil reserves and are expected to last far longer than the OPEC ones, data has shown. However, all in all, the world has no... 18.07.2023, Sputnik International
2023-07-18T19:04+0000
2023-07-18T19:04+0000
2023-07-24T17:51+0000
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oil reserves
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Earlier this month, two of the world's biggest oil exporters, Russia and Saudi Arabia, decided to extend their voluntary oil production cuts to August in an effort to boost prices.Sputnik made a brief infographic for you showing which countries have the largest oil reserves, and how long the global supplies will last.
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Is There Enough Oil Left?
19:04 GMT 18.07.2023 (Updated: 17:51 GMT 24.07.2023) Non-OPEC countries possess bigger oil reserves and are expected to last far longer than the OPEC ones, data has shown. However, all in all, the world has no more than approximately 9 years' worth of oil usage left in its stock.
Earlier this month, two of the world's biggest oil exporters, Russia and Saudi Arabia, decided to extend their voluntary
oil production cuts to August in an effort to boost prices.
Sputnik made a brief infographic for you showing which countries have the largest oil reserves, and how long the global supplies will last.