Top 10 Countries with Largest OIL Reserves 2023.

The world derives over a third of its total energy production from oil, more than any other source by far. As a result, the countries that control the world’s oil reserves often have disproportionate geopolitical and economic power. Since the emergence of oil industry in mid-nineteenth century, the energy source has offered a bountiful supply of power, triggered wars and reshaped geopolitics with various countries competing to control the largest-known oil reserves. Oil is a natural resource formed by the decay of organic matter over millions of years. And like many other natural resources, oil cannot be produced, only extracted where it already exists. Unlike every other natural resource, oil is the lifeblood of the global economy. Watch this video till the end to dig deeper into each of the top 10 countries with largest oil reserves.

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Video Chapters:
00:00 Top 10 countries with largest oil reserves 2023
01:15 About oil producing countries
03:27 LIBYA
04:24 UNITED STATES
05:41 UNITED ARAB EMIRATES
06:30 KUWAIT
07:58 RUSSIA
09:01 IRAQ
09:55 IRAN
11:04 CANADA
12:02 SAUDI ARABIA
12:59 VENEZUELA
13:53 Which is your favorite country among the top 10 countries with largest oil reserves?

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