Definition: This entry is the stock of proved reserves of crude oil in barrels (bbl). Proved reserves are those quantities of petroleum which, by analysis of geological and engineering data, can be estimated with a high degree of confidence to be commercially recoverable from a given date forward, from known reservoirs and under current economic conditions.
Source: CIA World Factbook - Unless otherwise noted, information in this page is accurate as of January 1, 2014See also: Oil - proved reserves map
The nuclear deal is mostly about oil
Mining - 7/27/2015 9:34:21 PM
The U.S. Energy Information Administration (EIA) reports Iran's proven oil reserves as the fourth largest in the world, at 158 billion barrels ... the theocratic Muslim government that holds the country in its tight grip. The IMF estimates that Iran's ...
Top 10 Oil Rich Countries
MILLIONAIRE CORNER - 7/27/2015 12:51:48 PM
One of the sanctions most powerful against Iran kept that oil-rich country from taking advantage ... This is the wild card in the world’s oil marketplace. With almost 300 billion barrels of crude in reserve, Venezuela gets 40 percent of government ...
Oil down in Asia, hurt by Chinese factory slump
Times of India - 7/27/2015 4:33:42 PM
Oil prices fell further ... throwing a pall over growth in the world's second-largest economy. The Caixin Purchasing Manager's Index (PMI), which tracks activity in factories and workshops, is seen as a key barometer of the country's economic health.
Top 10 Countries With The World’s Biggest Oil Reserves
gulfbusiness.com - 4/13/2013 11:59:57 PM
countries, it stated. However, OPEC nations continue to overshadow the world in terms of reserves, holding more than 80 per cent of the world’s proven oil reserves, according to current estimates. The bulk of OPEC oil reserves – 66 per cent – are in ...
Oil prices fall on oversupply worries; investors await US Fed meeting
Financial Express - 7/27/2015 10:50:06 AM
Investors are looking to the U.S. Federal Reserve for direction ... of continued abundant oil supplies, including an output increase from Saudi Arabia and other members of the Organization of the Petroleum Exporting Countries, led the National Australia ...
World Proved Oil Reserves Data A Work Of Fiction
Oil Price - 12/9/2014 11:08:10 PM
The EIA publishes Annually a list of World ... the country possesses. Even the US has gotten in on the act, adding 11.5 billion barrels of proved reserves since 2009. They did not report US 2014 reserves. Most of this increase is light tight oil reserves ...
Oil prices stable after heavy losses
Business Recorder - 7/24/2015 12:12:24 PM
Iran has the fourth biggest proven oil reserves in the world. Oil prices have plummeted from above $ ... from the United States and the Organization of Petroleum Exporting Countries led by Saudi Arabia.
World commodities : Oil
Dawn - 7/27/2015 1:10:17 AM
The oil glut looks set to grow as an Iranian nuclear deal with the West is expected to release millions of barrels of additional supply onto world markets ... Increases occurred in both non-Opec and Opec countries. In the first quarter, non-Opec accounted ...
10 Huge Countries Without Their Own Oil
24/7 Wall ST - 12/29/2014 7:28:11 AM
The world’s 1.635 trillion barrels of proved oil reserves are not evenly distributed among the globe’s 216 nations. Just three — Saudi Arabia, Venezuela and Canada — account for nearly a third of the total. There are far more countries with no or ...
Oil Projects Get Shelved
marketpulse.com - 7/27/2015 3:04:49 AM
The world’s big energy groups have ... last summer has resulted in the deferral of 46 big oil and gas projects with 20 billion barrels of oil equivalent in reserves — more than Mexico’s entire proven holdings — according to consultancy Wood Mackenzie.
Saudi Arabia Energy Profile: 16% Of World’s Proved Oil Reserves – Analysis
Eurasia Review - 9/10/2014 11:57:38 PM
4 The giant Ghawar field is the world’s largest oil field in terms of production and total remaining reserves. The Ghawar field has estimated remaining proved oil reserves of 75 billion barrels,5 more than all but seven other countries. Saudi Arabia is ...
Romania Oil and Gas Exploration and Production, Market Analysis and Outlook to 2025- Blocks, Fields and Production Outlook by Market Research Store
University Chronicle - 7/27/2015 5:16:39 PM
Romania oil and gas reserves, replacement ratios, proven volumes along with detailed insights into ... Market Research Store is a single destination for all the industry, company and country reports. We feature large repository of latest industry reports ...
Is The World Ready For Iran Bonds?
Financial Advisor Magazine - 7/27/2015 4:05:04 PM
In the 36 years since the Islamic revolution swept over Iran, the country has tapped international ... Iran, which has the world’s fourth largest crude oil reserves, would be seeking funds in part to upgrade the sectors of its economy that suffered ...
Top 5 Oil-Producing Countries In 2011
Investopedia - 3/15/2011 11:59:20 PM
However, some have commented that current price rise may be an overreaction, since Libya produces only about 2% of the world's oil per day. While that is not an insignificant amount, other large oil producing countries ... barrels of proven oil reserves ...
What should United States do with 700M barrels of oil it has stored in strategic reserve?
Oklahoma News - 7/24/2015 10:42:20 PM
Oilman Boone Pickens argues that the United States' strategic reserve is no longer ... The rapid increase in domestic oil production over the past few years has reduced the country’s dependence on foreign crude and made the world’s biggest emergency ...