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
ConocoPhillips 2Q Earnings: Lower Oil Prices To Significantly Eat Into Profits
Trefis - 7/28/2015 5:22:37 PM
ConocoPhillips is the world’s largest independent exploration and production company by proved reserves ... barrels of oil equivalent (BOE) at the end of 2014. Headquartered in Houston, Texas, the company has operations in 27 countries, generating ...
The Nuclear Deal is Mostly about Oil
Townhall Finance - 7/29/2015 4:35:30 AM
The U.S. Energy Information Administration (EIA) reports Iran’s proven oil reserves as the fourth largest in the world, at 158 billion barrels ... or the theocratic Muslim government that holds the country in its tight grip. The IMF estimates that ...
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 ...
Nigeria’s untapped gas reserves and declining crude oil fortunes
The Guardian - Nigeria - 7/28/2015 11:34:51 PM
The United States Energy Information Administration, said in country analysis on Nigeria’s oil and gas sector ... Antigha Ekaluo, disclosed that the latest reserves figures has placed Nigeria 7th in the world and number one in Africa in gas reserves ...
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 ...
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 ...
Some U.S. senators want to start oil war with Iran
CNN Money - 7/28/2015 9:18:51 PM
Iran has the fourth largest oil and gas reserves in the world, according to U.S. government estimates. One of Iran's priorities in the nuclear deal is to have sanctions lifted so the country can export its oil freely again. Related: Oil prices have plunged ...
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
OPEC cartel members are notorious for inflating their reserves for political purposes, and Saudi Arabia was recently outted by WikiLeaks for overstating their reserves by 40%. American crude oil reserves ... a country. Unlike private companies, the World ...
Iran embargo lifted... oil may drop further
Trinidad Express Newspapers - 7/29/2015 3:02:27 AM
In 2002, when Iran’s nuclear programme became public, the United Nations, European Union and other countries imposed sanctions in an attempt to prevent Iran from growing its nuclear capabilities. Iran has the world’s fourth largest reserves of oil.
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").
Are the world's most upbeat consumers feeling down?
CNBC - 7/28/2015 11:27:42 PM
Analysts have said that the region's bullish prospects might be about to receive a reality check as the Federal Reserve increases interest ... an economic headwind due to the country's heavy reliance on state-owned oil company Petronas.