* indicates monthly or quarterly data series

Oil reserves, billion barrels in Europe:

The average for 2020 based on 43 countries was 2.2 billion barrels.The highest value was in Russia: 80 billion barrels and the lowest value was in Belgium: 0 billion barrels. The indicator is available from 1980 to 2020. Below is a chart for all countries where data are available.

Measure: billion barrels; Source: The U.S. Energy Information Administration
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* indicates monthly or quarterly data series



Definition: Proved reserves of crude oil are the estimated quantities of all liquids defined as crude oil, which geological and engineering data demonstrate with reasonable certainty to be recoverable in future years from reservoirs under existing economic and operating conditions.
Oil reserves around the world
Oil reserves in the European union
Oil reserves in Asia
Oil reserves in Africa
Oil reserves in North America
Oil reserves in South America
Oil reserves in Australia


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