โฝ๏ธ GLOBAL OIL RESERVES RANKING (BILLION BARRELS) ๐
Energy markets are dominated by those who control the supply โ but real influence comes from those who can effectively produce and export it.
๐ Top Nations by Proven Oil Reserves (Latest 2024 Data):
1๏ธโฃ Venezuela โ 303B ๐ข๏ธ
2๏ธโฃ Saudi Arabia โ 267B
3๏ธโฃ Iran โ 209B
4๏ธโฃ Canada โ 163B
5๏ธโฃ Iraq โ 145B
6๏ธโฃ UAE โ 113B
7๏ธโฃ Kuwait โ 101B
8๏ธโฃ Russia โ 80B
9๏ธโฃ United States โ 74B
๐ Libya โ 48B
๐ฅ Key Insight:
Having the largest reserves doesn't always translate to market power. True dominance depends on production capacity, infrastructure, export capabilities, geopolitics, and stable global demand.
๐ With ongoing geopolitical shifts, oil remains a critical driver in energy markets and the global economy.
๐ Who do you think holds the strongest energy leverage today?
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