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🌐World’s Largest Proven Oil Reserves by Country (1980-2024)
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🌐Over the past four decades, proven oil reserves have played a critical role in shaping the global energy landscape, influencing economies, geopolitics, and the balance of power.
Countries in the Middle East, like Saudi Arabia and Iran, have long dominated the rankings, leveraging their vast reserves to cement their influence in global energy markets. However, nations in South America, such as Venezuela, have emerged as significant players, redefining the dynamics of oil production and trade.
Meanwhile, technological advancements and new discoveries have allowed countries like Canada and the United States to expand their reserves, reflecting the ongoing evolution of the global energy sector. These shifts underscore the strategic importance of oil reserves in the world’s economic and political priorities.
ℹ️ Our World in Data
#datavisualization #barchartrace #oilreserves
Countries in the Middle East, like Saudi Arabia and Iran, have long dominated the rankings, leveraging their vast reserves to cement their influence in global energy markets. However, nations in South America, such as Venezuela, have emerged as significant players, redefining the dynamics of oil production and trade.
Meanwhile, technological advancements and new discoveries have allowed countries like Canada and the United States to expand their reserves, reflecting the ongoing evolution of the global energy sector. These shifts underscore the strategic importance of oil reserves in the world’s economic and political priorities.
ℹ️ Our World in Data
#datavisualization #barchartrace #oilreserves