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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%).
The 10 Biggest Oil Consuming Countries In The World. Oil is one of the most essential commodities in the world. to the fact that most machinery and engines run using oil. industries, motor vehicles and other machineries require oil to function. a result, oil is rightfully a necessity for countries producing different products and have an efficient transport system. However, different countries have different levels of oil consumption with some countries consuming more oil than others. Here is a list of the 10 biggest oil consuming countries in the world. South Korea is a country in Asia and it has a population of more than fifty. million people.