What country has the most natural oil?
VenezuelaVenezuela has the largest oil reserves of any country in the world, with more than 300 billion barrels of proven reserves.
In 2011, the country surpassed Saudi Arabia to top the list of countries having the largest oil reserves..
Which country produces the cheapest oil?
Saudi Arabia, Iran, and Iraq had the cheapest.
Which country is most dependent on oil?
VenezuelaCountriesRankCountryConsumption (bbl/day)1Venezuela571,0002Saudi Arabia2,817,0003Canada2,259,0004Iran1,709,00035 more rows
Who owns the most oil in the world?
CountriesProven reserves (millions of barrels)U.S. EIA (start of 2020)OPEC (end of 2017)CountryRankReservesVenezuela (see: Oil reserves in Venezuela)1302,809Saudi Arabia (see: Oil reserves in Saudi Arabia)2266,260Canada (see: Oil reserves in Canada)34,42162 more rows
What is the richest country in the world?
Qatar1. Qatar. Qatar is, by far, the richest country in the world, with a GNI per capita of $116,799 — more than $20,000 higher than any other nation. The country has more in oil reserves than all but two other countries worldwide — equal to 13% of the global supply.