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, 2012See also: Oil - proved reserves map
Top 10 Countries by Proved Natural Gas Reserves (and Their Production Rates)
explorationworld.com - 9/14/2014 11:52:53 PM
which accounts for about 17 percent of the world’s total proved reserves, according to the EIA. The country’s natural gas sector has taken a substantial hit in recent years (though not quite as significant as crude oil) as international sanctions ...
The 17 Countries Sitting On The Most Valuable Energy Reserves
The Business Insider - 2/13/2014 11:51:58 AM
Saudi Arabia has nearly one fifth of the world’s proven oil reserves, in addition to being the largest producer and exporter of petroleum. Its largest oil field, the giant Ghawar field, has more proven oil reserves than all but seven countries.
No Surprise: OPEC Country ETFs Crushed by Oil’s Slide
Yahoo Finance - 10/20/2014 2:27:38 PM
Twelve countries ... to oil prices, NGE has been performed slightly worse in recent weeks than the iShares MSCI Canada ETF (EWC) , a relevant comparison because Canada is home to, by some estimates, the largest non-OPEC oil reserves in the world.
30 countries with highest proven oil reserves
Rediff India Abroad - 3/1/2012 2:57:12 AM
And proven oil reserves are those that claim to have a reasonable ... Oil and gas have made Qatar one of the highest per-capita income countries, and one of the world's fastest growing. Qatar's proved reserves of natural gas are nearly 26 trillion cubic ...
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 ...
How falling oil prices will affect Latin America
Money Week - 10/20/2014 2:41:57 PM
The group of oil exporting countries is often presented as some ... Venezuela has the world’s biggest reserves, with almost 300 billion barrels of proved reserves. And although output has stagnated under Hugo Chavez and his successor, Nicolas Maduro ...
Put 53 Years on the Clock: The End of Easy Oil Is Within Sight
Wall St. Cheat Sheet - 10/20/2014 7:49:46 PM
The claim is this: there are about 1.69 trillion barrels of proved oil reserves in the world, enough to meet global production for only the next 53.3 years. The calculation didn’t appear to attract much attention in the report itself, but the number was ...
Top 5 Oil-Producing Countries In 2011
Investopedia - 3/22/2011 11:58:11 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 ... of proven oil reserves, or ...
Top 10 oil and gas producing countries in 2012
Mining - 6/14/2013 10:46:25 PM
World oil production ... disposition of the 10 biggest oil producers. Another important indicator is the reserves-to-production (R/P) ratio which represents “burning rate” of proven oil reserves in-situ for any given country when applying current ...
Venezuela’s Oil Industry So Clogged It Needs Historic Import from Algeria
panampost.com - 10/20/2014 3:46:23 PM
Venezuela, the country with the largest oil reserves ... has over the last decade lost its influence as an oil-producing nation. That is despite the fact that it has the world’s largest known reserves on the Orinoco Strip, which has 21,357 square miles ...
How long will world's oil reserves last? 53 years, says BP
The Christian Science Monitor - 7/14/2014 6:04:05 PM
According to BP, drivers whose vehicles rely on burning oil have a little more than a half-century to find alternate sources of energy. Or walk. BP’s annual report on proved global oil reserves ... world by having a large majority of the planet’s ...
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 ...
Oil drops below $86 on over-supply and global economy worries
Reuters - 10/20/2014 10:12:56 PM
Energy economists have slashed forecasts of world oil demand growth for next year ... Traders were also concerned about uncertainty over who is in charge of oil reserves in Libya, where two competing governments are vying for control.
As oil prices fall, which leaders rise?
Journal Record - 10/20/2014 6:23:52 PM
When world ... oil revenue has not been wisely invested. Instead it mainly helps maintain political stability, either by paying off a powerful elite or providing expensive subsidies to the poor. Other countries that smartly manage their oil reserves ...
The 10 most oil-rich states
USA Today - 8/1/2014 9:24:38 PM
At the same time, proven oil reserves — the estimated quantities ... If Texas were its own country, it would be the sixth largest oil producer in the world. North Dakota has become the poster child of the energy boom in the United States as technological ...