The two bar charts illustares the proportions of the world’s total oil resources various areas and proportion of the world’s annual oil consumed by these same areas.
Overall, the middle east holds the majority of the world’s oil resources, while consumption is very low. In contrast, Asia, the United States, and Western Europe is minor percentage of global resources but consumption the large oil annual.
Regarding resources, The Middle East holds the highest oil resources in the world, around for 56.52% of the total. Canada holds the second-largest proportion with 14.84%, followed by Central and South America at 8.12%. and the United States, Western Europe, Asia and australia and new zealand hold the approximentely 6% of the world’s oil reserves.
Asia is the largest consumer, around the world, about 26.21% of the global annual total. United States holding at 25.21% and Western Europe at 19.24. this three country holding over half of all oil, the middle east consumes a significantly smaller amount at 6.15%. finally, Australia and New Zealand are the lowest consumers, using only 0.30% of the annual global total.
