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
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 ...
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 ... 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 reserves ...
How the US energy boom shapes the world
The Christian Science Monitor - 8/1/2015 9:11:07 AM
Washington — The US has long used its economic prowess and military force to exert influence around the world. Now ... to another potential tool in the country’s foreign-policy toolbox: energy abundance. US oil and gas production is booming, new ...
Top 10 oil and gas producing countries in 2012
Mining - 6/14/2013 10:46:25 PM
World oil production ... disposition of the 10 biggest oil producers. Another important indicator is the reserves-to-production (R/P) ratio which represents “burning rate” of proven oil reserves in-situ for any given country when applying current ...
10 Huge Countries Without Their Own Oil
24/7 Wall ST - 12/29/2014 7:28:11 AM
The world’s 1.635 trillion barrels of proved oil reserves are not evenly distributed among the globe’s 216 nations. Just three — Saudi Arabia, Venezuela and Canada — account for nearly a third of the total. There are far more countries with no or ...
Oil heads for biggest monthly drop since 2008: ‘July has been a massacre’
Financial Post - 7/31/2015 1:27:01 AM
Commodities also dropped as the dollar gained on signs that the Federal Reserve may increase rates, reducing their appeal. Sanctions on oil exports from Iran, which holds the world’s fourth ... of Petroleum Exporting Countries decreased 362,000 barrels ...
Oil falls after OPEC comments imply no supply cut | Reuters
Firstpost - 7/31/2015 8:32:20 PM
Benchmark North Sea Brent crude headed for its fifth consecutive weekly fall after comments on Thursday in Moscow by Abdullah al-Badri, secretary-general of the Organization of the Petroleum Exporting Countries ... oil has gone into stockpiles around the ...
Oil Prices Pare Losses, Mimicking Dollar’s Move
Wall Street Journal - 7/31/2015 2:48:44 PM
The dollar slid against the euro Friday after a quarterly measure of U.S. labor costs indicated stagnating wages, casting some doubt on the Federal Reserve ... of oil hitting the global markets and growing concerns that China, one of the world’s ...
Saudi Arabia Energy Profile: 16% Of World’s Proved Oil Reserves – Analysis
Eurasia Review - 9/10/2014 11:57:38 PM
4 The giant Ghawar field is the world’s largest oil field in terms of production and total remaining reserves. The Ghawar field has estimated remaining proved oil reserves of 75 billion barrels,5 more than all but seven other countries. Saudi Arabia is ...
Top 5 Oil-Producing Countries In 2011
Investopedia - 3/15/2011 11:59:20 PM
However, some have commented that current price rise may be an overreaction, since Libya produces only about 2% of the world's oil per day. While that is not an insignificant amount, other large oil producing countries ... barrels of proven oil reserves ...
American Oil Reserves Now Top Saudi Arabia
Breitbart News - 4/15/2014 11:54:12 PM
The U.S. Energy Information Agency (EIA) just reported that United States “proven ... Worldwide oil reserves are published by the U.S. Energy Information Administration (EIA) each year. The 12 member Organization of Petroleum Exporting Countries ...
Brent Oil Drops below 54 Dollars per Barrel
Market Leader - 7/30/2015 7:18:57 AM
The last time oil of this brand dropped below 54 dollars per barrel was on March 20. This is proved ... gold” into the world market. Besides, the report highlights that during the last six months the volume of oil recovery in OPEC countries has increase ...
How Much Oil is Left in the World?
Energy Trends Insider - 6/20/2012 11:54:16 PM
... that one must allow for reserves growth when looking at a country’s proved reserves. I think it’s a safe bet that even though U.S. proved reserves are 30.9 billion barrels, a lot more oil than that will ultimately be produced in the U.S. U.S ...
U.S. oil reserves highest since 1970s
Marine Link - 4/11/2014 11:20:10 AM
The two states at the heart of the fracking revolution accounted for more than 90 percent of all reserve growth across the country. Texas now accounts for 11.1 billion barrels of proved oil and ... out of the bottle: world oil since 1970").
COLUMN-U.S. oil reserves highest since 1970s: Kemp
Reuters - 4/11/2014 11:48:48 AM
The two states at the heart of the fracking revolution accounted for more than 90 percent of all reserve growth across the country. Texas now accounts for 11.1 billion barrels of proved oil and condensate reserves ... of the bottle: world oil since ...