Canada Oil

Oil Reserves in Canada (2025)

See also: List of countries by Oil Reserves

Canada holds 163,108,000,000 barrels of proven oil reserves as of 2025, ranking #4 in the world and accounting for about 9.24% of the world's total oil reserves of 1,765,151,568,000.

Canada has proven reserves equivalent to 188.6 times its annual consumption levels (based on 2024 data). This means that, without net exports, there would be about 189 years of oil left (at 2024 consumption levels and excluding unproven reserves).

History of Oil Reserves in Canada

Oil Consumption in Canada (2024)

See also: List of countries by Oil Consumption

• Canada consumes 2,369,855 barrels per day (B/d) of oil as of the year 2024.
• Canada ranks #9 in the world for oil consumption, accounting for about 2.31% of the world's total consumption of 102,559,503 barrels per day.
• Canada consumes 2.5 gallons of oil per capita every day (based on the 2024 population of 39,742,430 people), or 914 gallons per capita per year (22 barrels). [1 barrel = 42 US Gallons]

Oil Production in Canada (2024)

See also: List of countries by Oil Production

• Canada produces 5,996,888 barrels per day of oil (as of 2024) ranking #4 in the world.
• At 2024 production levels, Canada produces every year about 1.34% of its proven reserves ( 2025).

Oil Exports (2020)

• In 2020, Canada exported 44% of its oil production (2,302,521 barrels per day out of 5,234,650 produced).

History of Oil Consumption and Production