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
Venezuela’s oil community crumbles with economy
theglobalherald.com - 7/25/2016 9:00:32 AM
Venezuela has the largest proven oil reserves anywhere in the world. But as the country’s economic crisis worsens, the state-owned oil and natural gas company is struggling to survive. A thriving housing complex, once home to thousands of workers ...
Oil market to grow despite changes in global energy mix
Saudi Gazette - 7/23/2016 9:05:54 PM
World would need other ... show the US still ranks behind countries such as Saudi Arabia, Russia, Canada, Iraq, Venezuela and Kuwait. Even when Rystad applied more conservative estimates of proven oil reserves, the United States fell to fourth place ...
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 ...
World Proved Oil Reserves Data A Work Of Fiction
Oil Price - 12/9/2014 5:07:16 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 ...
30 countries with highest proven oil reserves
Rediff India Abroad - 3/1/2012 8:26:28 AM
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 metres, about 14% of the world total and the third largest in the world.
The Coal Industry Collapsed—Is Oil Next?
Builder Magazine - 7/25/2016 1:18:14 PM
U.S. oil economies have taken on debt to invest in practices such as deep water drilling. But now 90% of proved reserves are run by countries like Saudi Arabia, China, Russia, and Iran, all of which have national companies bigger than Exxon or Shell.
Venezuela's Oil Reserves Are Probably Vastly Overstated
Forbes - 7/1/2016 12:35:07 PM
By 2010 the country’s proved reserves reached 297 billion barrels, leaping over Saudi Arabia to become the country with the world’s largest crude oil reserves. Was this massive increase in its proved reserves a result of huge new oil discoveries in ...
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 ...
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 ...
50% Of Proved Oil Reserves May Have Just Vanished
Yahoo Finance - 4/27/2016 9:23:10 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 ...
Pakistan's oil output drops 8% with gradual fall in reserves
The Express Tribune - 7/23/2016 7:54:19 PM
In the previous fiscal year 2014-15, the country’s oil production stood at 95,000 barrels per day, said Nabeel Khursheed at Topline Securities. “We attribute this decline to the depleting oil reserves and ... low oil prices in world markets for quite ...
Dawn - 7/25/2016 1:43:53 AM
The world’s top crude-oil exporter, Saudi Arabia is boosting gas capacity, with major new projects meant to reduce the country’s reliance on crude ... year as investors boosted holdings, the Federal Reserve failed to add to last year’s rate rise ...
Does oxidized fish oil pose health risks?
FIS - 7/25/2016 12:53:46 AM
This statement was made in response to a new scientific study performed in the country stating that it has ... to rat mothers fed the oxidised oils proved that one or more compounds were produced in the fish oil during oxidation that were toxic to the ...
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 ...