Global Oil Reserves Depleted to ~10%: 1B Barrels Drawn in 2026

A translated report claims the world has consumed over a billion barrels from oil reserves this year, leaving only about 10% of proven reserves. The claim is unverified and likely conflates strategic reserves with total proven reserves, which are far larger. If accurate, it signals severe supply strain, but the source is a regional business outlet with no corroboration.