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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%).
We use the term 'petroleum products after crude oil is refined in a factory. Crude oil can exist either deep down in the earth's surface or deep below the ocean beds. In oil drilling, a structure called 'derrick' is built with pipes going down to the reservoir and bringing the oil to the surface. Saudi Arabia, USA, Russia, China and Iran are among the top crude oil producers in the world, and the USA is the world's biggest consumer of crude oil, followed by China.