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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%).
Main Insights. 1  The United States is, by far, the largest consumer of petroleum in the world. The US consumed approximately 19 million barrels per day in 2000, accounting for 25% of the worldâs total consumption. 2  The second largest consumer of oil was Japan, whose consumption was equal to 7% of the worldâs total.