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 gears up for big return to world oil markets
CNN Money - 11/23/2015 11:59:33 PM
In a remote corner of Iran, engineers are working round the clock to return the country ... of Iran's proven reserves of 157 billion barrels, the fourth largest in the world. . Abdulreza Hosseinnejad, managing director of the National Iran Oil Company ...
The tug of war between OPEC and North American oil producers is tightening.
US News and World Report - 11/26/2015 12:18:39 AM
The Energy Information Administration reported this week that U.S. crude oil proven reserves increased in 2014 for the sixth ... and efforts to cooperate with all OPEC and non-OPEC countries to maintain the stability of the market and prices," the cabinet ...
Eni: US entered top 10 in world oil reserves in 2014
Oil & Gas Journal - 11/24/2015 5:46:08 PM
... for the first time and continues its rise among the gas reserves holders. World oil production increased 2.2%, the most significant rise in the last 10 years, concentrated in countries outside of the Organization of Petroleum Exporting Countries.
Major oil gains came from outside OPEC
United Press International - 11/25/2015 1:34:24 PM
Proved reserves last year increased for the sixth year in a row. For the first time ever, the United States is in the top 10 in terms of oil reserves, Eni said. While overall output from the Organization of Petroleum Exporting Countries remains robust ...
Shale drilling boosted US oil and gas reserves in 2014: EIA
Economic Times - 11/24/2015 2:51:21 AM
which currently produces about 20 percent of the country's natural gas, contributed most to the increase in gas reserves, adding 10 tcf of proved reserves. The Texas portions of the Eagle Ford and the Permian Basin saw the largest increase in oil reserves ...
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 ...
World Proved Oil Reserves, Fact Or Fiction
Seeking Alpha - 12/8/2014 3:38:22 PM
The EIA publishes annually a list of World Proved Reserves ... 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 oil reserves, but some reserves have been added to ...
30 countries with highest proven oil reserves
Rediff India Abroad - 3/1/2012 8:26:28 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 ...
Venezuela oil price crashes to lowest level since 2009
customstoday.com.pk - 11/25/2015 12:05:31 AM
Oil is the main export of Venezuela and provides most of the country’s foreign currency ... Venezuela had nearly 298 billion barrels of proved oil reserves, the largest in the world. The next largest proved oil reserves are in Saudi Arabia with 266 ...
President Obama bows to environmentalists on oil export ban
Sun Sentinel - 11/23/2015 11:59:33 PM
Instead of continuing to starve our country's economy for the sake of green radicals ... In 1977, for example, President Jimmy Carter warned "we could use up all the proven reserves of oil in the entire world by the end of the next decade."
Top 10 Countries by Proved Natural Gas Reserves (and Their Production Rates)
explorationworld.com - 9/14/2014 11:52:53 PM
Turkmenistan – 265 trillion cubic feet in proved reserves A country that seems almost conspicuously absent from geopolitical discussion considering its vast natural gas reserves ... largest proved reserves of oil in the world, Iran has the distinction ...
The 15 Countries with the Largest Oil Reserves
INSIDER MONKEY - 12/15/2014 6:47:31 AM
In compiling the current countdown we used the latest available data on the proven oil reserves of each country ... at the countdown and find out which are the countries with the largest oil reserves in the world. $200 Million Dollar Healthcare Hedge ...
Do Countries With The Most Oil Reserves Actually Produce The Most Oil?
Investopedia - 9/23/2014 11:56:32 PM
This natural resource is the “golden egg” and those countries that have it should be the world's wealthiest ... into selling the oil. The countries that have the highest oil reserves (which means they have found proven sources of oil in the ground ...
The World’s Top 10 Oil Companies
24/7 Wall ST - 12/15/2014 10:50:54 AM
Of the top 10 countries holding portions of those reserves ... What follows is a look at the top 10 oil companies in the world based on proved reserves. Proved reserves, by definition, are those that have a “reasonable certainty” of being extracted ...
Here's How Much Oil The World's Biggest Oil Players Are Sitting On
The Business Insider - 12/18/2014 11:51:46 AM
This chart from RBC Capital Markets' Helima Croft shows the proven oil reserves for the biggest oil-producing countries around the world. Despite Saudi Arabia's huge reserves, RBC writes that "a policy of keeping prices low for the prolonged period ...