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
Can Venezuela Affect Global Oil Prices In The Coming Time?
Seeking Alpha - 5/23/2016 1:47:01 AM
With vigilante violence spread across the country, things have become so bad in Venezuela that common people are struggling to get even basic amenities like food, medicines and electricity. Venezuela has the world's largest proved oil reserves Many are ...
World Proved Oil Reserves Data A Work Of Fiction
Oil Price - 12/10/2014 12:41:13 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 ...
Why Leading The World In Oil, Natural Gas Output Matters
Breaking Energy - 5/24/2016 1:55:58 PM
New figures from the U.S. Energy Information Administration show the United States remained the world’s No. 1 producer of oil and natural gas in 2015 ... s trade posture by bringing wealth into this country. The U.S. also is exporting liquefied natural ...
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 ...
Moving Markets: How the Middle East Gets Beyond Oil
The Huffington Post - 5/24/2016 11:39:58 AM
Collectively, GCC countries make up over half of the world's oil reserves, closely tying MENA capital markets to the oil market. Though the banking sector in GCC countries is generally quite large, access to credit is often restricted to single borrowers ...
Firefighters protect Canada's oil sands battling 1,100 C flames
Reuters - 5/24/2016 4:59:06 AM
Johnson and Ethan Lou (Reuters) - Fighting massive forest fires is dangerous and taxing enough, but those sent into Canada’s oil sands are not only wrestling with one of the worst wildfires in the country ... of the world’s largest reserves.
France uses strategic oil reserves to counter refinery blockade
The Star Online - 5/25/2016 11:31:37 AM
Industry experts confirmed that the reserves - set up following the 1973-74 oil crisis and stored in some 85 sites around the country - account on average for about three months of consumption, or longer during the summer months when there is no fuel ...
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 15 Countries with the Largest Oil Reserves
INSIDER MONKEY - 12/15/2014 6:47:31 AM
Have you ever wondered which are the countries with the largest oil reserves in the ... With the Largest Gold Reserves in the World. In compiling the current countdown we used the latest available data on the proven oil reserves of each country.
Hillary Clinton’s Energy Initiative Pressed Countries to Embrace Fracking, New Emails Reveal
theintercept.com - 5/23/2016 6:36:20 PM
Now as a candidate for president, you say that by the time you’re done with all your rules and regulations, fracking will be restricted in many places around the country ... where the world is heavily dependent on coal and oil, but principally coal ...
hillary pressed countries to embrace fracking, newy emails reveal
freerepublic.com - 5/23/2016 8:06:24 AM
Far from challenging fossil fuel companies, the emails obtained by The Intercept show that State Department officials worked closely with private sector oil and gas companies ... as fracking — to countries all over the world. Far from challenging ...
Firefighters Protect Canada's Oil Sands Battling Intense Flames
Rigzone - 5/24/2016 2:31:46 PM
... Canada's oil sands to fight the worst wildfires in the country's history are doing it surrounded by the volatile, explosive chemicals critical to pumping oil from some of the world's largest reserves. EDMONTON/CALGARY, Alberta, May 24 (Reuters ...
10 countries sitting on massive oceans of oil
The Business Insider - 7/21/2015 8:34:03 AM
The world ... amount of oil, the Islamic republic doesn't even make it into the top three when it comes to proven crude oil reserves. Using the data provided by Barclays commodities analyst Michael Cohen, we put together a list of the 10 countries sitting ...
50% Of Proved Oil Reserves May Have Just Vanished
Yahoo Finance - 4/27/2016 8:25:54 PM
According to standard sources like the Oil & Gas Journal, BP’s Annual Statistical Review of World Energy, and the US Energy Information Administration, the world contains 1.7 trillion barrels of proved conventional reserves. However, according to the new ...