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
Rivals in Brazil Vote Both Pledge to Kickstart Oil Sector
Wall Street Journal - 10/24/2014 7:45:01 PM
“Countries that can offer predictable competitive terms ... Brazil has 13.2 billion barrels of proven oil reserves, 16th in the world, according to the U.S. Energy Information Administration, though some industry officials think the number could be ...
The South American Oil Country Tubular Goods (OCTG) Market is estimated to reach $6.6 billion by 2019 - New Report by MicroMarket Monitor
WSLS - 10/25/2014 8:02:19 AM
The South American Oil Country Tubular Goods (OCTG ... The demand for OCTG is driven by high exploration and production activities, growth in the proven shale reserves, and escalating investments from oil and gas operators. The increasing demand for ...
Oil: blindsided by fracking technology
The Telegram - 10/25/2014 7:19:22 AM
This will be a great boon for countries that depend heavily on imported ... “peak oil,” and the underlying calculation that the world had only about 40 years’ worth of proven oil reserves left, can be set aside for a while. We are already up to ...
Oil prices don’t dictate the value of oilfield service companies
bakken.com - 10/24/2014 10:22:30 PM
While the price of oil may fluctuate from region to region, its true value is dictated by world oil markets and is easily ... Sloan explains, “Today, many countries have proven oil and gas reserves, but they do not have the technology or experience ...
Venezuelans brace for slump in oil prices
U-T San Diego - 10/24/2014 5:43:20 PM
Now Venezuela is suddenly a lot less rich, and many fear those lines will just get longer. The country with the world's largest oil reserves was struggling to keep shelves filled even when crude was selling for $100 a barrel or more. Now prices for ...
Oil -- America's True Economic Stimulus
The Patriot Post - 10/25/2014 2:25:53 AM
Oil prices are falling because of changes in world supply and world ... 2 percent of the world’s proven oil reserves.” Then he continued with his Malthusian nonsense: “Even if we drilled every square inch of this country right now, we’d still ...
Venezuelans brace for oil price slump
Record Courier - 10/25/2014 3:58:56 AM
The country with the world's largest oil reserves was struggling to keep shelves filled even when crude was selling for $100 a barrel or more. Now prices for benchmark Brent crude have fallen $28 in the past four months, to $86, the result of too much ...
Petroleo Brasileiro Petrobras : Rivals in Brazil Vote Both Pledge to Kickstart Oil Sector
4 Traders - 10/24/2014 7:52:10 PM
"Countries that can offer predictable competitive terms ... Brazil has 13.2 billion barrels of proven oil reserves, 16th in the world, according to the U.S. Energy Information Administration, though some industry officials think the number could be much ...
Falling oil prices hit Venezuela's economy
7 News Yahoo - 10/25/2014 12:09:52 AM
Venezuela, which sits atop the world's largest proven crude reserves, relies on oil sales for 96 ... He said the price drop was due to overproduction in non-OPEC countries -- a reference to shale oil, which is booming in the United States and reshaping ...
Recent Study: Petsec Energy Limited Oil & Gas Exploration and Production Operations and Cost Analysis – Q1, 2014
software20.it - 10/25/2014 8:30:57 AM
Petsec Energy Limited Oil & Gas Exploration and Production Operations ... The report provides detailed crude oil and natural gas reserves and production information of the company by country as disclosed in their annual report and regulatory filings.
Petrobras discovers new deep-water oil well in S.E. Brazil
上海日报 - 10/25/2014 2:54:31 AM
The well, uncovered at a depth of 1,319 meters, is located 81 km from Vitoria, capital of Espirito Santo state, in an area with proven ... vast reserves of pre-salt crude that could potentially turn the country into one of the world's leading oil producers.
Is the U.S. holding too much oil in reserve?
KCCI 8 Des Moines - 10/25/2014 8:30:57 AM
The U.S. has the largest emergency stockpile of oil in the world. And now that the country's oil production is booming ... legislation that temporarily halted deposits of oil into the reserves. Three years later, when the global economy was at risk ...
The Sell-Off In Oil & Gas Stocks Has Made Approach Resources Even More Attractive
Seeking Alpha - 10/14/2014 4:36:27 PM
While at current levels, shale plays can remain profitable, there is concern that the slide will continue as the Organization of Petroleum Exporting Countries (OPEC) has not hinted at any cuts to output even though oil demand has remained subdued.
Gulf states risk deficit as oil price falls: IMF head
Economic Times - 10/25/2014 6:10:46 PM
A sustained decline of $25 a barrel in the oil price would reduce the revenues of most Gulf countries by eight per cent of gross ... weaker demand and a gloomy world economic outlook. The US benchmark West Texas Intermediate declined to about $81 a barrel ...
100 million barrels pulled from Varg oil field
United Press International - 10/13/2014 1:10:02 PM
Norway has more oil reserves than any other European country. Last year, it exported 1.19 million barrels ... analysis and insight for readers around the world.