Canada Oil

Oil Reserves in Canada

See also: List of countries by Oil Reserves

Canada holds 170,863,000,000 barrels of proven oil reserves in the world as of 2016, ranking #3 in the world and accounting for about 10.35% of the world’s total oil reserves of 1,650,585,140,000.

Canada has proven reserves equivalent to 188.3 times its annual consumption levels. This means that, without Net Exports, there would be about 188 years of oil left (at current consumption levels and excluding unproven reserves).

History of Oil Reserves in Canada

Oil Consumption in Canada

See also: List of countries by Oil Consumption

• Canada consumes 2,486,301 barrels per day (B/d) of oil as of the year 2016.

• Canada ranks #9 in the world for oil consumption, accounting for about 2.56% of the world’s total consumption of 97,103,871 barrels per day.

• Canada consumes 2.87 gallons of oil per capita every day (based on the 2016 population of 36,353,343 people), or 1,048 gallons per capita per year (25 barrels). [1 barrel = 42 US Gallons]

Oil Production in Canada

See also: List of countries by Oil Production

• Canada produces 4,596,725 barrels per day of oil (as of 2016) ranking #5 in the world.

• Canada produces every year an amount equivalent to 0.98% of its total proven reserves (as of 2016).

Oil Exports

• Canada exports 40% of its oil production (1,858,572 barrels per day in 2016).

History of Oil Consumption and Production