Highest crude oil reserves
Venezuela surpassed Saudi Arabia last year to become the holder of the largest oil reserves in the world. However, annual oil production of the OPEC supplier Sealed off from oxygen, heat and pressure very slowly cooked this dead matter into subterranean reservoirs of petroleum in the form of liquid oil, natural gas and Jul 5, 2016 According to a new report from Rystad Energy, the United has larger oil reserves than Russia or Saudi Arabia.