TCT-R-20260922-OIL · Energy
U.S. and Venezuela hold over 60% of global oil
Statement and context
more than 60%
September 22, 2026, UN General Assembly; quotation excerpt.
What the evidence shows
AP calculated roughly 22% of global reserves, or 19.6% of crude production, for the two countries combined. Neither supports 60%.
Reserves and annual production are distinct measures.
Sources and attribution
Tracker research synthesis; inspect the linked evidence and research record.