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
Saudi Arabia Exports 20% of the World’s Oil
24/7 Wall ST - 1/25/2015 9:19:20 AM
Among the OPEC countries, the Saudis account for a third ... from the United States will have essentially no long-term impact on world oil markets, especially given that its proved reserves of around 26.5 billion barrels are less than 10% of Saudi Arabia ...
U.S. oil and gas reserves soar
Human Events Blog - 1/26/2015 1:00:03 PM
Continuing a trend that has sent ripples through global energy markets in recent years, U.S. oil and natural gas reserves hit new highs in 2013, according to a December 2014 Energy Information Administration report. Proved ... become the world’s largest ...
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 Proved Reserves of Crude Oil. Though all charts in this post use the ... by bureaucrats with hardly any connection to actual reserves the country possesses. Even the US has gotten in on the act, adding 11.5 ...
World Week Ahead: Until Fed Adjudicates, It’s ECB Bazooka vs. Greek Rebellion
The Wall Street Journal - 1/26/2015 2:47:25 PM
Syriza wanting to renege on the terms of the country’s EU bailout ... Australia has so far proven comparatively immune from the disinflationary forces rolling through much of the industrialized world. That’s a legacy of the long-running (if now greatly ...
Top 10 Countries by Proved Natural Gas Reserves (and Their Production Rates)
explorationworld.com - 9/14/2014 11:52:53 PM
With oil consumption ... cubic feet of natural gas in 2012. 6. Turkmenistan – 265 trillion cubic feet in proved reserves A country that seems almost conspicuously absent from geopolitical discussion considering its vast natural gas reserves, Turkmenistan ...
The 17 Countries Sitting On The Most Valuable Energy Reserves
The Business Insider - 2/13/2014 11:51:58 AM
Saudi Arabia has nearly one fifth of the world’s proven oil reserves, in addition to being the largest producer and exporter of petroleum. Its largest oil field, the giant Ghawar field, has more proven oil reserves than all but seven countries.
Oil and dollar: Why Obama's love for Taj lost out to Saudi King's death
Firstpost - 1/26/2015 10:15:24 AM
Here he met King Ibn Sa’ud of Saudi Arabia, the country which was by then home to the largest oil reserves in the world. Ian Carson and V.V. Vaitheeswaran point this out in their 2007 book, Zoom—The Global Race to Fuel the Car of the Future.
Death of King Unlikely to Alter Saudi Oil Policy
Wall Street Journal - 1/24/2015 2:39:39 AM
The country’s current strategy has the backing of its ... Saudi Arabia controls more than 15% of the world’s proven oil reserves and vies with Russia and the U.S. for the title of biggest petroleum producer in the world. As American companies have ...
Where Is All of This Oil Coming From?
The Intelligencer - 1/26/2015 3:08:54 PM
For example, since 1980, even while we were consuming all that oil, the amount we've found, but haven't yet produced, has more than doubled. The world's proven reserves are now 1.7 trillion barrels, up from 683 billion barrels in 1980, according to a ...
Top 10 Countries With The World’s Biggest Oil Reserves
gulfbusiness.com - 4/13/2013 11:59:57 PM
countries, it stated. However, OPEC nations continue to overshadow the world in terms of reserves, holding more than 80 per cent of the world’s proven oil reserves, according to current estimates. The bulk of OPEC oil reserves – 66 per cent – are in ...
30 countries with highest proven oil reserves
Rediff India Abroad - 2/29/2012 11:58:14 PM
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 ...
Cheaper oil fuels India’s strategic reserves push
Financial Express - 1/26/2015 10:04:05 PM
This would be the first time the country is storing crude oil and the amount will be 1.03 million tonnes. Strategic reserves are seen as vital for ... Friday and his brother Salman became king of the world’s top oil exporter. Brent crude futures were ...
Algeria lifts oil production, may tap shale gas
petroglobalnews.com - 1/25/2015 11:38:19 PM
The country is believed to hold the third largest shale gas reserves in the world. Oil and gas currently account for about 97 percent of the total value of the country’s exports. Algeria is the leading natural gas producer in Africa and the second ...
Almaty to Host Feb. 23-24 Kazakhstan Oil and Gas Summit
astanatimes.com - 1/26/2015 3:41:42 AM
Almaty will be hosting the 2015 Kazakhstan Oil and Gas Summit on Feb.23-24 dedicated to developments and opportunities arising across all aspects of the country’s oil and ... In 2014,Kazakhstan had proven reserves of 85 trillion cubic feet of natural ...
New King In Saudi Arabia But Same Old Oil Policy
The Motley Fool - 1/26/2015 1:43:00 PM
This article was written by Oilprice.com, the leading provider of energy news in the world ... in cash reserves it has stashed away for a rainy day. The November 2014 decision to maintain output, followed by the collapse in oil prices, fueled some ...