Mexico Oil

Oil Reserves in Mexico

See also: List of countries by Oil Reserves

Mexico holds 9,711,000,000 barrels of proven oil reserves in the world as of 2016, ranking #17 in the world and accounting for about 0.59% of the world’s total oil reserves of 1,650,585,140,000.

Mexico has proven reserves equivalent to 13 times its annual consumption levels. This means that, without Net Exports, there would be about 13 years of oil left (at current consumption levels and excluding unproven reserves).

History of Oil Reserves in Mexico

Oil Consumption in Mexico

See also: List of countries by Oil Consumption

• Mexico consumes 2,052,607 barrels per day (B/d) of oil as of the year 2016.

• Mexico ranks #11 in the world for oil consumption, accounting for about 2.11% of the world’s total consumption of 97,103,871 barrels per day.

• Mexico consumes 0.71 gallons of oil per capita every day (based on the 2016 population of 122,251,351 people), or 257 gallons per capita per year (6 barrels). [1 barrel = 42 US Gallons]

Oil Production in Mexico

See also: List of countries by Oil Production

• Mexico produces 2,484,355 barrels per day of oil (as of 2016) ranking #11 in the world.

• Mexico produces every year an amount equivalent to 9.34% of its total proven reserves (as of 2016).

Oil Exports

• Mexico exports 50% of its oil production (1,236,469 barrels per day in 2016).

History of Oil Consumption and Production