Category: Oil gas

According to the U.S. Energy Information Administration (EIA) data cited in a September 2025 Visual Capitalist report, the United States consumed approximately 19.0 million barrels of petroleum products per day in 2024. This staggering figure reinforces the nation's position as the world's largest consumer of oil.

As of recent data, Venezuela holds the largest proven crude oil reserves globally, estimated at over 303 billion barrels. This makes the South American nation the biggest source of oil when measuring underground quantity, though political and economic factors significantly impact its production and influence on the market.