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
Iran discovers shale oil reserves
freerepublic.com - 4/28/2016 12:03:39 PM
Energy-rich Iran, which is the fourth country in the world for its proven oil reserves of 158 billion barrels, has discovered shale oil reserves in the Lorestan Province. This was announced by the Director of Center for Exploration and Production at the ...
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 ...
Ex-Shell economist warns world has much less oil than typically thought
CITY A.M. - 4/27/2016 9:41:40 AM
... also included in conventional estimates of the world's oil reserves, inflating the figure by another 440bn barrels, Jefferson added. Put bluntly, the standard claim that the world has proved conventional oil reserves of nearly 1.7 trillion barrels is ...
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 ... 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 ...
Oil Giants Would Be Worth More by Drilling Less in a Low-Carbon World, Analysts Say
Inside Climate News - 5/5/2016 12:23:58 PM
Aerial view of the Suncor oil sands facility in Alberta, Canada. A new Carbon Tracker report says that at current oil prices, seven companies would be worth about $140 billion more if they left enough reserves ... ground to keep the world within the ...
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 ...
Where did all the oil go? The peak is back
Middle East Eye - 4/24/2016 8:55:07 AM
The result has been an apparent (but not real) increase in their ‘proved’ conventional oil reserves ... general of the World Energy Council, a UN-accredited global energy body representing 3,000 member organisations in 90 countries, including ...
Oil prices higher amid Canadian wildfire
USA Today - 5/5/2016 11:55:20 AM
the third largest reserves of oil in the world behind Saudi Arabia and Venezuela. Oil prices also got a boost from increased tension in Libya, according to several reports. Reuters said that the country's already limited production could take a hit.
Saudi plans to end "addiction" to oil by 2030
NYSE Post - 5/5/2016 5:03:09 PM
serves as the country's defense minister and chairs a committee formed soon after his father's ascension a year ago overseeing economic policymaking. This will be the world's largest investment fund and could help Saudi to explore opportunities beyond oil ...
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 ...
Wall Street Journal - 5/5/2016 7:26:19 PM
the country’s central bank said Thursday. In the first quarter, GDP fell around 2% from a year earlier, the central bank said. Analysts predict that Russia’s economy will shrink in 2016 for the second year in a row, hit by the rapid drop in oil prices ...
Saudi Arabia outlines reform plan for oil-addicted economy
You Don't Know Football - 5/5/2016 5:03:09 PM
It produces more than 10 million barrels per day, three times as much as the world's largest listed oil company, ExxonMobil (XOM.N), while its reserves are more than 10 times bigger. "Is it possible that Saudi Arabia is the fourth largest country in the ...
Oil Price – A Conundrum
Forex Street - 5/5/2016 7:30:29 AM
The oil prices are known to follow the basic principle of economics i.e. of demand and supply. Hence, the volumes of oil (proved and proved+ probable ... production performance of the 34 OECD countries and availability of substitute sources of energy ...
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.