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The barrels

Who owns the oil is not the reserve line

202163620227162023783202492120251081
Crude output, thousand barrels a day. OPEC ASB 2026. 2000, on the long row, is 2,891 and is not drawn here.

OPEC’s Annual Statistical Bulletin 2026, data through the end of 2025, says world proven crude oil reserves stood at 1,572 billion barrels. The member-country series prints Venezuela at 303,701 million barrels. Dividing those two bulletin figures gives about 19.3 percent of the world total. That percentage is our arithmetic, not a sentence OPEC printed.

The same bulletin’s crude-production tables, in thousand barrels a day: 636 in 2021, 716 in 2022, 783 in 2023, 921 in 2024, and 1,081 in 2025. The long row shows 2,891 in the year 2000. This page does not add an unsourced peak on top of that.

Reserves are not the accounts. Reuters reported Energy Secretary Wright saying oil was flowing with revenue in US-controlled accounts. Chris Murphy called that taking oil at gunpoint. Both lines stay with the people who said them, on the oil argument page.

The question

If the barrels are counted, who holds the revenue?

Questions

Is Venezuela 19 percent of world oil?

303.701 divided by 1,572 is about 19.3 percent. Both inputs are from the 2026 OPEC bulletin. The percentage is calculated here.

Did output return to 3 million barrels a day?

Not in this table. The year-2000 cell is 2,891 thousand barrels a day. 2025 is 1,081.

Does $VZLA receive oil revenue?

No. The token is not a share of PDVSA, Chevron, or the accounts Reuters described.

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