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Because the crude oil industry has developed hardly at all in recent years due to a lack of investment capital for discovery, extraction and further processing, global production can barely meet the high. There are 1.65 trillion barrels of proven oil reserves in the world as of 2016. Relevance lowest price highest price most popular most favorites newest.

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Due to its size and weight, it can only be carried with your hands and has a lid which you can open or close. Amount of oil left in the world based on proven gas reserves and current global consumption levels. 1 us oil barrel (bbl) is equal to 158.987295 liters (l). The barrel (oil) bbl (oil) to ton register ton reg conversion table and conversion steps are also listed.