* indicates monthly or quarterly data series

Oil reserves in Europe:

The average for 2019 was 2.24 billion barrels.The highest value was in Russia: 80 billion barrels and the lowest value was in Belgium: 0 billion barrels. Below is a chart for all countries where data are available.
Oil reserves, billion barrels, 2019
(billion barrels, Source: The U.S. Energy Information Administration, TheGlobalEconomy.com)



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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