absymal - while Venezuela has the world's largest proven oil reserves, production has been a different story. They produce just 540,000 barrels a day, a fraction (0.6%) of the world's total production in 2020. Whereas the US, with the world's 9th largest reserves, pumped out the most in 2020 with 16,476,000 barrels a day (18.6% of global total).

How does Venezuela's production compare to other countries?

Thank you for playing today's Factle! Check out the full dataset of the countries with the most proven oil reserves worldwide. Create a chart to break it down and contribute an insight for the community to explore!

How does this compare to barrels produced monthly?

While Venezuela has the world's largest proven oil reserves, production has been a different story. They produce just 540,000 barrels a day, a fraction (0.6%) of the world's total production in 2020. Whereas the US, with the world's 9th largest reserves, pumped out the most in 2020 with 16,476,000 barrels a day (18.6% of global total).