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
Petro Countries on the Brink of Collapse as Oil Prices Remain at Ruinously Low Levels
Alter Net - 5/27/2016 4:55:33 AM
About 15 billion barrels of oil could be extracted using hydraulic fracturing in California. That, of course, was then, and this is now. While these countries ... gas reserves in sub-Saharan Africa. The exploitation of those reserves has long proved ...
World Proved Oil Reserves, Fact Or Fiction
Seeking Alpha - 12/8/2014 3:38:22 PM
The EIA publishes annually a list of World ... reserves the country possesses. Even the U.S. has gotten in on the act, adding 11.5 billion barrels of proved reserves since 2009. They did not report U.S. 2014 reserves. Most of this increase is light tight ...
30 countries with highest proven oil reserves
Rediff India Abroad - 3/1/2012 8:26:28 AM
We present here a list of countries with highest proven oil reserves ... 10 oil-producing nations in the world. 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 ...
World Proved Oil Reserves Data A Work Of Fiction
Oil Price - 12/10/2014 12:41:13 AM
The EIA publishes Annually a list of World ... reserves 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 ...
World oil prices back at $50
Comment - 5/27/2016 3:36:48 AM
... weeks as militant groups aim to force producers out of the oil-rich Niger Delta. Federal Reserve Chair Janet Yellen warned earlier this year that financial conditions in the country were less supportive of growth and the labor market could turn lower ...
The World’s Top 10 Oil Companies
24/7 Wall ST - 12/15/2014 10:50:54 AM
On the supply side, North American shale oil ... country’s governments. Company data were gathered from S&P Capital IQ. Reserves and production figures do not include natural gas or non-oil liquids. Here are the top 10 oil companies in the world based on ...
Libya’s Economic Crisis: Bringing the Oil Sector Back on Track
The Jamestown Foundation - 5/27/2016 5:45:39 AM
Getting Libya’s economy back on track is fundamental to the country ... the biggest proven oil reserves of the entire African continent - 48.4 thousand million barrels as of the end of 2014, according to BP 2015 Statistical Review of World Energy.
Venezuela Passes Saudis to Hold World’s Biggest Oil Reserves
Bloomberg - 6/14/2012 3:18:49 PM
Venezuela surpassed Saudi Arabia to become the world’s largest holder of proven oil reserves, a resource that President Hugo Chavez promises to tap if he gets re-elected in October. The South American country’s deposits were at 296.5 billion barrels at ...
The 15 Countries with the Largest Oil Reserves
INSIDER MONKEY - 12/15/2014 6:47:31 AM
Have you ever wondered which are the countries with the largest oil reserves in the ... With the Largest Gold Reserves in the World. In compiling the current countdown we used the latest available data on the proven oil reserves of each country.
50% Of Proved Oil Reserves May Have Just Vanished
Yahoo Finance - 4/27/2016 8:25:54 PM
According to standard sources like the Oil & Gas Journal, BP’s Annual Statistical Review of World Energy, and the US Energy Information Administration, the world contains 1.7 trillion barrels of proved conventional reserves. However, according to the new ...
10 countries sitting on massive oceans of oil
The Business Insider - 7/21/2015 8:34:03 AM
The world ... amount of oil, the Islamic republic doesn't even make it into the top three when it comes to proven crude oil reserves. Using the data provided by Barclays commodities analyst Michael Cohen, we put together a list of the 10 countries sitting ...
Prepare For A Dramatic Decline In Oil Reserves
Forbes - 12/28/2015 1:31:04 PM
According to the 2015 BP Statistical Review of World Energy ... into the category of proved reserves. Venezuela provides a perfect case study. Venezuela has a huge heavy oil resource in the Orinoco region of the country. But this oil is very expensive ...
Angola: Oil Has Recorded Major Fall in 46 Years - IMF
AllAfrica - 5/27/2016 7:18:43 AM
According to the specialist, the fall was owed to the huge oil reserves ... be a world economic stability in the near future. Max Alier spoke of the need for a strong and urgent political response. Currently, according to him, the oil exporting countries ...
Venezuela Energy Profile: Holds Some Of World’s Largest Oil And Natural Gas Proved Reserves – Analysis
Eurasia Review - 11/30/2015 4:45:55 AM
Venezuela is one of the world ... oil reserves are located in its Orinoco heavy oil belt, which has 220.5 billion barrels in proved oil reserves. Venezuela nationalized its oil industry in the 1970s, creating Petroleos de Venezuela S.A. (PDVSA), the ...
Who Are the Niger Delta Avengers, Nigeria's New Oil Militants?
News Week - 5/27/2016 1:30:56 PM
“[The NDA] have proven their ... upon the West African country’s most vital industry. Recent events suggest that the NDA is likely to pose an economic, as well as a security, threat to one of the world’s most important oil hubs.