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OILCOIN on ETH
CA: 0xecf053185c64bb647a3d69b24987382a375f9e55
Reserves by Region
Americas 532B
Middle East 836B
Africa 125B
Russia & CIS 146B
Asia Pacific 45B
Europe 12B
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Proven Reserves
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Daily Production
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Years of Supply
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Future Oil Tensions
Arctic Critical
Arctic Oil Rush: The Next Great Power Conflict
As ice melts, the Arctic is estimated to hold 90 billion barrels of undiscovered oil. Russia, US, Canada, Norway, and Denmark are racing to claim territory. Russia has built 40+ military bases and tested hypersonic missiles in the region.
Russia USA Canada Norway
~90B Barrels
South China Sea Critical
South China Sea: Oil, Islands & Military Buildup
China claims 90% of the sea containing 11 billion barrels of oil. Artificial islands militarized with missiles and runways. US conducts "freedom of navigation" operations. Philippines, Vietnam, Malaysia contest claims.
China USA Philippines Vietnam
~11B Barrels
Greenland High
Greenland: Trump's Strategic Resource Target
Trump has repeatedly expressed interest in acquiring Greenland, citing its vast oil, gas, and rare earth reserves. Denmark rejected offers, but US is increasing military presence. Melting ice is revealing massive untapped resources.
USA Denmark Greenland
~50B Barrels Est.
Guyana / Venezuela Critical
Essequibo Crisis: Venezuela's Territorial Claim
Venezuela claims Guyana's oil-rich Essequibo region (2/3 of Guyana). After ExxonMobil discovered 11 billion barrels, Venezuela held referendum to annex the territory. Military mobilizations on both sides, with US backing Guyana.
Venezuela Guyana ExxonMobil USA
~11B Barrels
East Mediterranean High
Eastern Mediterranean Gas Wars
Massive gas discoveries sparked disputes between Turkey, Greece, Cyprus, Israel, Egypt, and Lebanon. Turkey sent warships to block drilling. Greece and Turkey nearly clashed in 2020. Pipeline routes highly contested.
Turkey Greece Cyprus Israel
~230 TCF Gas
Strait of Hormuz Critical
Hormuz Chokepoint: Iran vs The World
21% of global oil passes through this 21-mile wide strait. Iran has repeatedly threatened to close it in response to sanctions. Tanker seizures, drone attacks, and naval standoffs occur regularly. Any closure would spike oil prices globally.
Iran USA Saudi Arabia UAE
21M bpd Transit
Falklands / Malvinas Elevated
Falklands Oil: UK-Argentina Tensions Renewed
UK drilling operations around the Falkland Islands have reignited tensions with Argentina. Potential 8.3 billion barrels offshore. Argentina claims sovereignty and has pressured companies not to drill. Military presence increased.
UK Argentina
~8.3B Barrels
Caspian Sea Elevated
Caspian Sea: Five-Way Resource Dispute
Russia, Iran, Azerbaijan, Kazakhstan, and Turkmenistan dispute sea boundaries and resource rights. 2018 convention left key issues unresolved. Competing pipeline routes bypass certain countries. ~48 billion barrels at stake.
Russia Iran Azerbaijan Kazakhstan
~48B Barrels
Red Sea Critical
Red Sea Crisis: Houthi Shipping Attacks
Houthi attacks on commercial shipping have disrupted Red Sea routes carrying 12% of global trade. US and UK conducting airstrikes in Yemen. Major shipping companies rerouting around Africa, adding costs and delays to oil transport.
Houthis USA UK Iran
4.8M bpd Transit
Taiwan Strait High
Taiwan Strait: Energy Chokepoint Risk
88% of China's oil imports pass through potential conflict zones. A Taiwan blockade would disrupt global supply chains. China stockpiling reserves while building alternative pipelines through Russia and Myanmar. US increasing naval presence.
China Taiwan USA Japan
Energy Security
Emerging flashpoints where oil resources may trigger future conflicts
Oil Wars
Venezuela 2019 - Present
US Economic War & Threatened Invasion of Venezuela
The Trump administration has escalated sanctions and openly discussed military intervention to seize control of Venezuela's oil reserves - the largest proven reserves in the world at 303 billion barrels.
Sanctions Intervention Ongoing Threat
Iraq 2003 - 2011
Iraq War - Operation Iraqi Freedom
US-led invasion justified by WMD claims, widely believed to be motivated by Iraq's 145 billion barrels of oil reserves. Major oil contracts awarded to Western companies post-invasion.
Invasion Occupation ~500,000+ Deaths
Kuwait / Iraq 1990 - 1991
Gulf War - Operation Desert Storm
Iraq invaded Kuwait over oil disputes and debt. US-led coalition intervened to protect oil supplies. Saddam Hussein set 600+ Kuwaiti oil wells on fire during retreat.
Oil Fields Coalition ~100,000 Deaths
Yemen 2015 - Present
Saudi-UAE War in Yemen
Saudi Arabia and UAE coalition bombing Yemen, controlling strategic Bab el-Mandeb strait where 4.8 million barrels of oil pass daily. World's worst humanitarian crisis.
Blockade Shipping Routes ~377,000 Deaths
Libya 2011 - Present
Libyan Civil War & NATO Intervention
NATO intervention to remove Gaddafi, followed by ongoing civil war. Libya holds Africa's largest oil reserves (48B barrels). Oil production collapsed from 1.6M to near-zero bpd.
Regime Change Civil War ~30,000+ Deaths
Nigeria 1967 - Present
Niger Delta Conflict & Biafra War
Biafra secession partly driven by oil-rich region control. Ongoing insurgency in Niger Delta against oil companies and government. MEND and other groups attack pipelines.
Insurgency Resource Curse ~1-3 Million Deaths
Iran / Iraq 1980 - 1988
Iran-Iraq War
Saddam Hussein invaded Iran targeting oil-rich Khuzestan province. US supported Iraq with weapons and intelligence. Both sides targeted oil infrastructure and tankers.
Tanker War Oil Fields ~1 Million Deaths
Iran / USA 2024 - Present
US-Iran War: Strikes, Sanctions & Strait of Hormuz
US launched airstrikes on Iranian military targets and proxy forces across the Middle East. Iran threatened closure of the Strait of Hormuz, through which 21% of global oil transits daily. Maximum pressure sanctions target Iran's 208 billion barrels of reserves.
Airstrikes Oil Blockade Ongoing Conflict
Iran / Persian Gulf 2025 - Present
Iran Shadow War: Tanker Seizures & Oil Infrastructure Attacks
IRGC Navy seized multiple oil tankers in the Strait of Hormuz and Persian Gulf. Drone and missile attacks struck oil facilities in Saudi Arabia and UAE. Iran's proxy network disrupted 6+ million barrels per day of oil transit across the region.
Tanker Seizures Proxy War Escalating
Iran / Israel 2024 - Present
Iran-Israel War: Nuclear Threats & Oil Market Chaos
Direct military exchanges between Iran and Israel escalated from proxy conflict to open warfare. Israeli strikes targeted Iranian oil terminals at Kharg Island, which handles 90% of Iran's oil exports. Iran retaliated with ballistic missiles targeting Israeli energy infrastructure.
Oil Terminals Nuclear Crisis Thousands Killed
Syria 2011 - Present
Syrian Civil War & US Oil Field Occupation
US troops remain in Syria's eastern oil fields, preventing Syrian government and Russia from accessing oil revenue. Trump openly stated: "We're keeping the oil."
Occupation Pipelines ~500,000+ Deaths
Sudan / South Sudan 1983 - Present
Sudanese Oil Wars
Decades of conflict over oil-rich regions led to South Sudan's independence. Fighting continues over pipeline routes and oil field control. Chinese and Western oil interests compete.
Secession Civil War ~2 Million Deaths
Russia / Ukraine 2022 - Present
Ukraine War & Energy Geopolitics
War disrupted global energy markets. Nord Stream pipelines sabotaged. Both sides target oil refineries. Europe cut off from Russian oil, reshaping global energy trade.
Energy War Sanctions ~100,000+ Deaths
Historical conflicts where oil resources or infrastructure were primary factors
Oil War Crimes
Iran Feb 2026
US-Led Strikes Hit Iranian Oil Refinery Near Civilian Areas
Coalition airstrikes on Iran's Isfahan oil refinery complex caused massive fires in adjacent residential neighborhoods. Reports of 200+ civilian casualties. The refinery supplied fuel for 15 million Iranians. Human rights groups call for investigation.
Airstrikes Civilian Deaths
Iran Jan 2026
Oil Sanctions Trigger Humanitarian Crisis Across Iran
Maximum pressure sanctions have cut Iran's oil revenue by 90%, collapsing the healthcare system and causing medicine shortages. Hospitals report inability to import critical drugs and medical equipment. UN experts warn of collective punishment of 88 million civilians.
Sanctions Humanitarian
Iran / Persian Gulf Feb 2026
Oil Spill Catastrophe After Tanker Struck in Strait of Hormuz
A targeted strike on an oil tanker in the Strait of Hormuz caused a 2 million barrel crude oil spill, devastating marine ecosystems across the Persian Gulf. Fishing communities in Iran, Oman, and UAE report total collapse of their livelihoods.
Environment Oil Spill
Venezuela Jan 2026
US Sanctions Force Venezuelan Oil Workers into Poverty
Trump administration's escalated sanctions on PDVSA have forced the shutdown of wells in the Orinoco Belt, leaving thousands of workers without income and creating a humanitarian crisis in oil-dependent communities.
Sanctions Humanitarian
Yemen Dec 2025
Saudi-UAE Coalition Strikes on Yemen Port Infrastructure
Coalition airstrikes continue to target Yemen's port facilities and fuel storage, exacerbating the world's worst humanitarian crisis. UN reports over 150,000 civilian deaths linked to the conflict.
Airstrikes Blockade
Nigeria Dec 2025
Shell Oil Spills Continue to Devastate Niger Delta Communities
Decades of oil spills in the Niger Delta have destroyed fishing grounds and farmland. Local communities report increased cancer rates and respiratory diseases while awaiting long-promised cleanup operations.
Pollution Environment
Russia / Ukraine Jan 2026
Oil Infrastructure Targeted as War Continues
Both sides continue targeting energy infrastructure. Attacks on refineries and pipelines have caused environmental disasters and civilian casualties in border regions.
War Infrastructure
Iraq Nov 2025
Legacy of Oil War: Birth Defects in Basra Continue
Medical researchers document ongoing elevated rates of birth defects and cancer in Basra linked to depleted uranium and toxic residue from US military operations during the Iraq War.
Legacy Health
Ecuador Oct 2025
Chevron Still Evades $9.5B Amazon Pollution Judgment
Indigenous communities in the Ecuadorian Amazon continue fighting for compensation after Texaco (now Chevron) contaminated their land with billions of gallons of toxic waste over decades of operations.
Lawsuit Indigenous
Information compiled from human rights organizations and verified news sources
Oil News
Reuters 35 min ago
Brent Surges Past $87 as US-Iran Military Strikes Escalate
Oil prices spiked after the US launched strikes on Iranian military sites and Iran vowed retaliation. Markets fear disruption to the Strait of Hormuz, through which 21 million barrels per day transit. Brent crude jumped 8% in a single session.
Iran War
Bloomberg 1 hour ago
Iran Threatens Full Strait of Hormuz Closure After Kharg Island Strikes
Tehran warned it will block all oil tanker traffic through the Strait of Hormuz if attacks on its oil infrastructure continue. Kharg Island, handling 90% of Iran's crude exports, was struck by Israeli jets. 21% of the world's oil supply hangs in the balance.
Hormuz
CNBC 1.5 hours ago
Iran's Oil Exports Collapse to 200K bpd Under War Conditions
Iranian crude exports plummeted from 1.5 million to under 200,000 barrels per day as war escalation and intensified sanctions cripple its oil sector. China, Iran's largest buyer, has halted purchases amid US secondary sanctions threats.
Iran Oil
OilPrice 2 hours ago
IRGC Seizes Two Oil Tankers Near Strait of Hormuz
Iran's Revolutionary Guard seized two oil tankers carrying a combined 4 million barrels near the Strait of Hormuz. International shipping insurers have declared the Persian Gulf a war-risk zone, sending tanker rates to record highs.
Hormuz
Financial Times 3 hours ago
US Sanctions Iran's Shadow Fleet: 60+ Oil Tankers Blacklisted
The Treasury Department designated over 60 tankers in Iran's "shadow fleet" used to evade sanctions and smuggle crude to China and Syria. An estimated 1.2 million barrels per day of illicit Iranian oil trade is targeted for elimination.
Iran Sanctions
Al Jazeera 4 hours ago
Iran-Backed Houthis Strike Saudi Aramco Oil Facility in Ras Tanura
Houthi forces launched drones and cruise missiles at Saudi Arabia's Ras Tanura oil terminal, the world's largest offshore oil loading facility. The attack disrupted 3.4 million barrels per day of export capacity. Iran denies directing the strikes.
Iran Proxy
WSJ 5 hours ago
Persian Gulf Oil Insurance Premiums Triple as Iran War Escalates
War risk premiums for oil tankers transiting the Persian Gulf have tripled since strikes began. Major shippers are rerouting cargoes, adding $2-4 per barrel to transport costs. Global consumers face higher fuel prices as the conflict intensifies.
Shipping
Bloomberg 2 hours ago
Oil Rises With OPEC+, Venezuela in Focus as New Year Kicks Off
Oil prices inched higher in early trading on January 2, the first session of 2026, as geopolitical tensions provided support after benchmarks posted steepest annual losses since 2020.
OPEC+
Reuters 5 hours ago
Trump Administration Escalates Venezuela Oil Sanctions
Washington imposed sanctions on four companies and oil tankers operating within Venezuela's sanctioned oil trade, forcing PDVSA to shut wells in the Orinoco Belt as storage fills up.
Venezuela
OilPrice 8 hours ago
OPEC+ Expected to Pause Supply Increases in Q1
Key OPEC+ members led by Saudi Arabia will convene online on Jan 4, expected to reaffirm decision to pause supply increases during the first quarter amid seasonal consumption lull.
OPEC+
CNBC 12 hours ago
Brent Crude at $61.03, WTI at $57.59 After 2025's 20% Decline
Both benchmarks fell nearly 20% in 2025, marking their worst annual performance since the pandemic-driven collapse in 2020. Analysts see 2026 as critical year for OPEC+ decisions.
Prices
IEA 18 hours ago
Global Oil Supply Expected to Exceed Demand by 3.85M bpd
The International Energy Agency forecasts supply to exceed demand by 3.85 million barrels per day in 2026, equal to nearly 4% of global consumption.
Supply
The National 24 hours ago
Saudi-UAE Crisis Over Yemen Deepens, Flights Halted at Aden
A crisis between OPEC producers Saudi Arabia and the United Arab Emirates over Yemen has deepened after flights were halted at Aden's airport, adding to regional tensions.
Geopolitics
Last updated: Mar 2, 2026 at 2:00 PM UTC
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