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
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.
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 ...
Top 10 Countries by Proved Natural Gas Reserves (and Their Production Rates)
explorationworld.com - 9/14/2014 11:52:53 PM
which accounts for about 17 percent of the world’s total proved reserves, according to the EIA. The country’s natural gas sector has taken a substantial hit in recent years (though not quite as significant as crude oil) as international sanctions ...
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 ...
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 ...
U.S. Oil Reserves, Resources, and Unlimited Future Supply
Forbes - 4/2/2015 10:33:11 PM
“With only 2% of the world’s oil reserves ... deal in the energy business. Reserves impress banks and bring in shareholders, but it’s the resource that indicates the amount of hydrocarbons a country really has. Oil reserves are subsets and simply ...
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 ...
Top 10 oil and gas producing countries in 2012
Mining - 6/14/2013 10:46:25 PM
World oil production rose about 2.5% last ... The US, China and Mexico are the most “unthrifty” countries with only about 11 years before they exhaust their current proved oil reserves (Figure 2). With an output of 681 billion cubic metres in 2012 ...
U.S. Oil Reserves Hit 38-Year High
US News and World Report - 12/4/2014 6:06:17 PM
Pennsylvania alone saw its gas reserves leap by 13.5 trillion cubic feet – the largest increase in the country ... Clean Power Plan] The U.S. proved oil reserves still amount to just a fraction of the reserves of the world’s petroleum powers.
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 ...
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 ...
Algeria sees leadership vacuum in face of oil challenges
Times Union - 4/17/2015 12:57:03 PM
Those fears proved well-founded ... he will return home and the country will fall apart — and that's what's been happening." With a powerful army and plenty of money from its huge oil and gas reserves, Algeria has always been able to muddle through ...
Africa's parks must be off limits for oil and gas
New Scientist - 4/18/2015 3:47:39 PM
There are better ways to help Africa prosper than ripping up protected park borders in the hunt for oil and gas A DRAMATIC drop in oil prices has done little to deter the frantic hunt for fresh reserves by ... The park is a World Heritage Site, home ...
Iran Nuclear Deal Could Drive Stock Market Higher, Oil Prices Lower
The Street - 4/17/2015 1:04:12 PM
NEW YORK (TheStreet) -- The world's major ... Iran could lower oil prices by opening the floodgates to an underutilized source of crude oil exports. The country of 80 million people is home to the planet's fourth-largest known crude reserves and second ...