The following horizontal bar charts on the left shows the proportions of total world oil resources, while the chart on the right pictures the proportions of total world annual oil consumption in 10 various regions, namely the Middle East, Canada, Central and South America, Eastern Europe, Africa, Asia, United States, Australia and New Zealand, and others. The Middle East has the most oil resources, which takes up more than half of the world’s oil resources, while its consumption of oil is low, only 6. 15%. On the contrary, Asia, the United States and Western Europe have low oil supplies, less than 6% in total, but 3 of the regions have relatively high consumption of oil, which makes up more than 70% of world oil consumption in total.
Canada has the second highest oil production in the globe, which accounts for 14. 84%, while its annual oil utilization is considerably one of the lowest among the 10 regions, constituting only 2. 48% of the total world annual consumption. Falling short on third place is Central and South America, where it contributes to 8. 12% of the world's oil resources, and has an annual consumption of approximately 6. 70%. Both Canada as well as Central and South America have relatively higher oil resources compared to its consumption. Apart from that, the top 3 regions in the chart have acquired nearly four-fifth or 80% of the world’s oil resources.
On the other hand, Eastern Europe’s oil resource and annual oil consumption percentage is comparatively even, which makes up 6. 58% and 6. 56% respectively. This proves that the utilization of oil balances the production in Eastern Europe. Meanwhile in Africa, its oil resource percentage, 6. 38% nearly doubles the percentage of its annual oil expenditure of 3. 35%. The region that has the least oil resources and consumption is Australia and New Zealand, which only accounts for 0. 3%, less than 1% of the world’s oil resource and only consumes 1. 31% of the world’s oil per year. The other region that was not mentioned accumulated 1. 05% of the world’s oil resources and utilizes 2. 52% of the annual world oil.
In short, only 4/10 regions in the chart have higher oil resources in comparison to its oil consumption, while only Eastern Europe has a balance of both.
The following horizontal bar
charts
on the
left
shows
the proportions of
total
world
oil
resources, while the
chart
on the right pictures the proportions of
total
world
annual
oil
consumption
in 10 various
regions
,
namely
the Middle East, Canada, Central and South America, Eastern Europe, Africa, Asia, United States, Australia and New Zealand,
and others
. The Middle East has the most
oil
resources, which takes up more than half of the
world’s
oil
resources, while its
consumption
of
oil
is low,
only
6. 15%.
On the contrary
, Asia, the United States and Western Europe have low
oil
supplies, less than 6% in
total
,
but
3 of the
regions
have
relatively
high
consumption
of
oil
, which
makes
up more than 70% of
world
oil
consumption
in total.
Canada has the second highest
oil
production in the globe, which accounts for 14. 84%, while its annual
oil
utilization is
considerably
one of the lowest among the 10
regions
, constituting
only
2. 48% of the
total
world
annual
consumption
. Falling short on third place is Central and South America, where it contributes to 8. 12% of the world's
oil
resources, and has an annual
consumption
of approximately 6. 70%. Both Canada
as well as
Central and South America have
relatively
higher
oil
resources compared to its
consumption
. Apart from that, the top 3
regions
in the
chart
have acquired
nearly
four-fifth or 80% of the
world’s
oil
resources.
On the other hand
, Eastern Europe’s
oil
resource
and annual
oil
consumption
percentage is
comparatively
even, which
makes
up 6. 58% and 6. 56%
respectively
. This proves that the utilization of
oil
balances the production in Eastern Europe.
Meanwhile
in Africa, its
oil
resource
percentage, 6. 38%
nearly
doubles the percentage of its annual
oil
expenditure of 3. 35%. The
region
that has the least
oil
resources and
consumption
is Australia and New Zealand, which
only
accounts for 0. 3%, less than 1% of the
world’s
oil
resource
and
only
consumes 1. 31% of the
world’s
oil
per year. The other
region
that was not mentioned accumulated 1. 05% of the
world’s
oil
resources and utilizes 2. 52% of the annual
world
oil.
In short,
only
4/10
regions
in the
chart
have higher
oil
resources
in comparison
to its
oil
consumption
, while
only
Eastern Europe has a balance of both.