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
The World’s Largest Oil Reserves By Country
worldatlas.com - 9/18/2016 11:54:31 PM
we have profiled countries with the highest oil reserves in the world. These are the countries whose proven oil reserves are in the top 10 globally. U.S. oil reserves soared to new heights in recent years due to increased usage of unconventional drilling ...
Table 1 : world proved oil reserves by country as of
www.coursehero.com - 12/31/2005 11:57:47 PM
This is the end of the preview. Sign up to access the rest of the document. Unformatted text preview: Table 1 : World Proved Oil Reserves by Country as of January 1, 2006 (billion barrels) Country Oil Reserves Saudi Arabia 264.3 Canada 178.8 Iran 132.5 ...
Global oil reserves by region
www.statista.com - 9/22/2016 8:07:52 PM
... reserves in Russia by region 2013-2015 Oil reserves in selected countries 1990-2015 Oil reserves in selected countries 1990-2015 World oil industry: proved oil reserves by leading companies 2013 World oil industry: proved oil reserves by leading ...
Reform in the Persian Gulf countries
blogforarizona.net - 9/28/2016 2:38:38 PM
The GCC is unique since its member countries are all monarchies ... The GCC states contain about a third of the world’s proven oil reserves and over 20% of world natural gas reserves. Currently, the GCC nations produce 25% to 30% of the world’s ...
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
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 ...
Two Years Into Oil Slump, U.S. Shale Firms Are Ready to Pump More
The Wall Street Journal - 9/27/2016 9:32:01 AM
Even if members of the Organization of the Petroleum Exporting Countries, which are meeting this week ... will stabilize around $60 a barrel in late 2017. Though oil storage tanks around the world are brimming, new sources will be needed soon because ...
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 ...
OPEC agrees modest oil output curbs in first deal since 2008
Reuters - 9/29/2016 12:54:15 AM
He and other ministers said the Organization of the Petroleum Exporting Countries would reduce output to a range ... Together, the three largest global producers extract a third of the world's oil. Iran's production has been stagnant at 3.6 million bpd ...
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 ...
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 ...
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 ...
7 Oil Stocks With the Largest Reserves
The Motley Fool - 4/11/2015 8:53:37 AM
as the world's seven largest oil companies not controlled by a country hold only 50 billion barrels of proved oil reserves. So, while these might be the world's big oil giants, they are really small potatoes on the global scene. That being said ...
Oil soars 6 percent as OPEC reaches deal to limit output in November
Reuters - 9/29/2016 2:20:08 AM
The Organization of the Petroleum Exporting Countries reached ... This should put a floor on oil and should see oil move back toward the $60s," Phil Flynn, analyst at Chicago-based brokerage Price Futures Group. "The cartel proved that it still matters ...
Top Ten Oil Reserves Countries
mapsofworld.com - 12/31/2014 11:53:39 PM
Going by the latest data, Venezuela is the country with highest reserve of crude oil in the world. This South American nation has ... It is at the third position with 171 billion barrels of proved reserve. Iran and Iraq rank 4th and 5th respectively.