Proved reserves of crude oil reached 4.96 bil barrels in 2017 in the European Union, according to EIA. This is 5.71% less than in the previous year.
Historically, proved reserves of crude oil in the European Union reached an all time high of 17.5 bil barrels in 1980 and an all time low of 4.96 bil barrels in 2017.
European Union has been ranked within the group of 96 countries we follow in terms of proved reserves of crude oil.
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