Which area has the most accessible oil reserves?
Answer (2)
Saudi Arabia, a nation that has a great amount of oil reserves, oil supply and with an immense amount of decades it can provide oil.
According to a UBS survey, there is a total of 265 billion barrels –about 19.1% oil reserves, 11.75 million barrels or about 13.2% oil supply daily and 72.4 years remaining in Saudi Arabia, as the top 1 list in the Business Insider’s 15 counties sitting on gigantic oceans of oil. Next is Venezuela, with 211 billion barrels in oil reserves.
The most accessible oil reserves are found in the Middle East, particularly in Saudi Arabia, which holds about 19% of the world's total oil reserves. This accessibility is attributed to the nature of the oil and the geopolitical dynamics of the region, including the influence of OPEC. Venezuela is also significant but has heavier crude oil, making it less accessible than the lighter oil in the Middle East.
;
