🚗 🚙 Turn your trusty old car into trustworthy journalism Learn more
Final Note

Saudi Arabia no longer has most crude oil in the world

Kai Ryssdal Jul 20, 2011

This final note today. Just ’cause we haven’t touched on oil in a while: crude closed up today just over $98 a barrel.

Told you that so I could tell you this. OPEC came out with an interesting report yesterday. It updated the rankings of countries with the world’s biggest proven reserves of crude. Saudi Arabia? Yeah, not number one anymore. Politically challenging as that country is, the new number one is even moreso.

Venezuela, our fourth largest oil supplier, now has more crude than anybody else.

There’s a lot happening in the world.  Through it all, Marketplace is here for you. 

You rely on Marketplace to break down the world’s events and tell you how it affects you in a fact-based, approachable way. We rely on your financial support to keep making that possible. 

Your donation today powers the independent journalism that you rely on. For just $5/month, you can help sustain Marketplace so we can keep reporting on the things that matter to you.