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Oil in this list refers to base crude oil only, and not refined petroleum products such as gasoline, diesel and airplane fuel. In 2022, Saudi Arabia was the largest exporter of petroleum, followed by Russia and Iraq. Other major exporters of petroleum in that year included the United States, Canada and United Arab Emirates.
Petroleum has been a major industry in the United States since the 1859 Pennsylvania oil rush around Titusville, Pennsylvania. Commonly characterized as "Big Oil", the industry includes exploration, production, refining, transportation, and marketing of oil and natural gas products. [ 1] The leading crude oil-producing areas in the United ...
Barrels of oil. Commercial crude oil stock pile. The Strategic Petroleum Reserve ( SPR) is an emergency stockpile of petroleum maintained by the United States Department of Energy (DOE). It is the largest publicly known emergency supply in the world; its underground tanks in Louisiana and Texas have capacity for 714 million barrels (113,500,000 ...
US Bakken and Three Forks wells as of 2013. The Bakken Formation ( / ˈbɑːkən / BAH-kən) is a rock unit from the Late Devonian to Early Mississippian age occupying about 200,000 square miles (520,000 km 2) of the subsurface of the Williston Basin, underlying parts of Montana, North Dakota, Saskatchewan and Manitoba.
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Oil reserves in Venezuela. The proven oil reserves in Venezuela are recognized as the largest in the world, totaling 300 billion barrels (4.8 × 10 10 m 3) as of 1 January 2014. [1] The 2019 edition of the BP Statistical Review of World Energy reports the total proved reserves of 303.3 billion barrels for Venezuela (slightly more than Saudi ...
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