Crude oil reserves as a share of worldwide reserves reached 10.3 % in 2017 in Canada, according to EIA. This is 0.676 % less than in the previous year.
Historically, crude oil reserves as a share of worldwide reserves in Canada reached an all time high of 14.8 % in 2003 and an all time low of 0.457 % in 2001. When compared to Canada's main peers, crude oil reserves as a share of worldwide reserves in Australia amounted to 0.110 %, 0.463 % in Mexico and 0.155 % in United Kingdom in 2017.
Canada has been ranked 4th within the group of 98 countries we follow in terms of crude oil reserves as a share of worldwide reserves, 1 places behind the position seen 10 years ago.
Proved reserves are estimated quantities of energy sources that the analysis of geological and engineering data demonstrates with reasonable certainty are recoverable under existing economic and operating conditions.