Oil reserves in Canada
Canada: Oil reserves was 27.08 billion cubic meters in 2021. ◆ Volatile
Oil reserves in Canada, 1980–2021
Source: U.S. Energy Information Administration (2022) – with major processing by Our World in Data. Measured in cubic meters.
Analysis
The most recent figure for oil reserves in Canada is 27.08 billion cubic meters, measured in 2021.
That represents a change of up 0.3% on the previous year and down 2.8% over ten years.
Over the whole period, oil reserves in Canada peaked at 28.62 billion cubic meters in 2003 and was at its lowest, 748.21 million cubic meters, in 2001.
That places Canada 4th out of 215 countries with data for 2021, putting it in the top 10%.
The series is highly variable year to year, so single readings are best treated with caution.
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1980s | 1.09 billion cubic meters | 1.02 billion cubic meters | 1.16 billion cubic meters | 10 |
| 1990s | 834.55 million cubic meters | 769.37 million cubic meters | 975.15 million cubic meters | 10 |
| 2000s | 20.14 billion cubic meters | 748.21 million cubic meters | 28.62 billion cubic meters | 10 |
| 2010s | 27.37 billion cubic meters | 26.61 billion cubic meters | 27.86 billion cubic meters | 10 |
| 2020s | 27.04 billion cubic meters | 27.01 billion cubic meters | 27.08 billion cubic meters | 2 |
Countries ranked near Canada
More energy & mining data for Canada
- Fuel imports 6.5% (2024)
- Ores and metals imports 3.2% (2024)
- Ores and metals exports 7.2% (2024)
- Gas production 2,062 terawatt-hours (2025)
- Fossil fuel production per person, by fuel 51,394 kilowatt-hours per person (2025)
- Fossil fuel production by fuel 2,062 terawatt-hours (2025)
- Gas production per person 51,394 kilowatt-hours per person (2025)
- Fuel exports 27.7% (2024)
- Electric power transmission and distribution losses 4.2% (2024)
- Share of dietary energy supply from carbohydrates vs. GDP per capita 46.5% (2023)
Frequently asked questions
- What is oil reserves in Canada?
- Oil reserves in Canada was 27.08 billion cubic meters in 2021, according to U.S. Energy Information Administration (2022) – with major processing by Our World in Data.
- What is the highest oil reserves recorded in Canada?
- The highest recorded value was 28.62 billion cubic meters in 2003.
- What is the lowest oil reserves recorded in Canada?
- The lowest recorded value was 748.21 million cubic meters in 2001.
- How does Canada rank for oil reserves?
- Canada ranks 4th out of 215 countries with data for 2021.
- Is oil reserves rising or falling in Canada?
- Over the last ten years it is down 2.8%. The long-run trend across the full record is volatile.
- Where does this Canada data come from?
- The figures come from U.S. Energy Information Administration (2022) – with major processing by Our World in Data, published as part of Oil reserves. Statizoid updates them automatically from the source API.
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CSV · JSON — 42 observations, free to reuse under CC BY 4.0 (Our World in Data).
About this data
Proved reserves, measured in cubic meters, are generally those quantities that can be recovered in the future from known reservoirs under existing economic and operating conditions, according to geological and engineering information. Includes crude oil and lease condensate.