Iran, Saudi Arabia and Venezuela have half of the world’s 1.55 trillion barrels of oil reserves – reports

Iran, Saudi Arabia and Venezuela have half of the world’s 1.55 trillion barrels of oil reserves – reports.

A new report says Iran, Saudi Arabia and Venezuela have half of the world’s 1.55 trillion barrels of oil reserves according to Aljazeera.

Global price of petrol approximately was $0.60 a litre in 2001. Today it is between $1.20 to $30 half a tank. In General, Petrol prices are at high levels in 2021 in many countries across the world as rise in demand and supply shortages send global oil prices to nearly three year high.

Hong Kong has the most expensive petrol worldwide at $2.56 per litre and $11.63 per gallon. Netherlands came second with $2.18 per litre and $9.91 per gallon. One African country, Central African Republic takes third with $2.41 per litre and $9.72 per gallon.

Venezuela,

Iran and Syria have records of the cheapest petrol prices. Venezuela for instance sells a litre at $0.02 and a gallon at $0.09. In Syria it is sold at $0.23 per litre and $1.o4 per gallon. And $0.06 per litre and $0.27 in Iran according to globalpetrolprices.com.

Saudi Arabia’s oil company for instance top world’s most valuable companies. Read more here https://kamlinks.com/2021/05/04/top-10-most-valuable-companies-in-the-world-2021-saudi-aramco-take-lead/

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source: Aljazeera

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