Oil reserves in United States

United States: Oil reserves was 7.49 billion cubic meters in 2020. ▲ Rising

Latest (2020)
7.49 billion cubic meters
Change on year
up 0.1%
World rank
10th
of 215 countries
All-time high
7.49 billion cubic meters
in 2020
All-time low
3.27 billion cubic meters
in 2009
Years of data
41
1980–2020

Oil reserves in United States, 1980–2020

02.0B4.0B6.0B8.0B1980200020201980: 5.0B cubic meters1981: 5.0B cubic meters1982: 4.9B cubic meters1983: 4.7B cubic meters1984: 4.7B cubic meters1985: 4.8B cubic meters1986: 4.7B cubic meters1987: 4.5B cubic meters1988: 4.6B cubic meters1989: 4.5B cubic meters1990: 4.4B cubic meters1991: 4.4B cubic meters1992: 4.1B cubic meters1993: 4.0B cubic meters1994: 3.8B cubic meters1995: 3.8B cubic meters1996: 3.7B cubic meters1997: 3.7B cubic meters1998: 3.8B cubic meters1999: 3.6B cubic meters2000: 3.7B cubic meters2001: 3.7B cubic meters2002: 3.8B cubic meters2003: 3.8B cubic meters2004: 3.7B cubic meters2005: 3.6B cubic meters2006: 3.7B cubic meters2007: 3.5B cubic meters2008: 3.6B cubic meters2009: 3.3B cubic meters2010: 3.5B cubic meters2011: 4.0B cubic meters2012: 4.6B cubic meters2013: 5.3B cubic meters2014: 5.8B cubic meters2015: 6.3B cubic meters2016: 5.6B cubic meters2017: 5.6B cubic meters2018: 6.7B cubic meters2019: 7.5B cubic meters2020: 7.5B cubic meters

Source: U.S. Energy Information Administration (2022) – with major processing by Our World in Data. Measured in cubic meters.

Analysis

United States recorded 7.49 billion cubic meters for oil reserves in 2020. That is the highest value across all 41 years on record.

Compared with earlier readings it is up 0.1% on the previous year and up 111.1% over ten years.

Over the whole period, oil reserves in United States peaked at 7.49 billion cubic meters in 2020 and was at its lowest, 3.27 billion cubic meters, in 2009.

That places United States 10th out of 215 countries with data for 2020, putting it in the top 10%.

The long-run direction has been consistently rising across the 41 years of available data.

Averages by decade

DecadeAverage LowestHighest Years
1980s 4.73 billion cubic meters 4.49 billion cubic meters 4.98 billion cubic meters 10
1990s 3.93 billion cubic meters 3.56 billion cubic meters 4.43 billion cubic meters 10
2000s 3.64 billion cubic meters 3.27 billion cubic meters 3.82 billion cubic meters 10
2010s 5.50 billion cubic meters 3.55 billion cubic meters 7.48 billion cubic meters 10
2020s 7.49 billion cubic meters 7.49 billion cubic meters 7.49 billion cubic meters 1

Countries ranked near United States

  1. 7 United Arab Emirates 15.55 billion cubic meters compare
  2. 8 Russia 12.72 billion cubic meters compare
  3. 9 Libya 7.69 billion cubic meters compare
  4. 11 Nigeria 5.87 billion cubic meters compare
  5. 12 Kazakhstan 4.77 billion cubic meters compare
  6. 13 China 4.14 billion cubic meters compare

See the full ranking of 216 places →

More energy & mining data for United States

All data for United States →

Frequently asked questions

What is oil reserves in United States?
Oil reserves in United States was 7.49 billion cubic meters in 2020, according to U.S. Energy Information Administration (2022) – with major processing by Our World in Data.
What is the highest oil reserves recorded in United States?
The highest recorded value was 7.49 billion cubic meters in 2020.
What is the lowest oil reserves recorded in United States?
The lowest recorded value was 3.27 billion cubic meters in 2009.
How does United States rank for oil reserves?
United States ranks 10th out of 215 countries with data for 2020.
Is oil reserves rising or falling in United States?
Over the last ten years it is up 111.1%. The long-run trend across the full record is rising.
Where does this United States 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 — 41 observations, free to reuse under CC BY 4.0 (Our World in Data).

About this data

Indicator
Oil reserves
Unit
cubic meters
Source
U.S. Energy Information Administration (2022) – with major processing by Our World in Data
Licence
CC BY 4.0 (Our World in Data)
Coverage
216 places, 8,283 data points, 1980–2021
Last refreshed

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.