Oil is created from the decomposition of organic materials , which are under extreme heat and pressure over a period of millions of years. Oil is more common than you think. You can find it in products like plastics, car tires, perfumes, etc. According to Our World in Data, fossil fuel production can be traced all the way to 4000 BC. Oil is an important energy resource for the world and for the global economy. In addition, it is a non-renewable energy source that unfortunately pollutes the environment with catastrophic proportions. In the subsequent sections, we’ll go over the list of countries that have the largest oil reserves. Also, look at the countries that have expanded their productions, and where is the consumption of oil heading in the next couple of decades. Ranking of top eight countries with highest oil reserves Countries that possess large amounts of oil belong […]