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
Does Longer-Term World Oil Supply And Demand Provide A Thesis For Oil Exploration And Production Investment?
Seeking Alpha - 10/9/2015 7:34:58 AM
world oil stocks are expected to continue to grow through 1H 2016. Only in 2H 2016 will oil stocks begin to decline. Only in 2H 2016 will demand begin to exceed supply. One important factor in this growth is that China is increasing its oil reserves 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 ... 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 ...
Commodity surge boosts world equities; dollar falls
Reuters - 10/9/2015 5:57:44 PM
Declines in the dollar, a bullish oil forecast and giant miner ... the euro as minutes from the Federal Reserve's September policy meeting showed the Fed in no rush to raise interest rates. The MSCI all-country world equity index climbed 0.6 percent ...
Texas Energy Firm Scores One Mexican Oil Block in Recent Auction
texaslawyer.com - 10/5/2015 7:35:32 PM
Just looking at the simple math of the matter, Mexico's recent second attempt to solicit winning bids for its oil blocks was much more successful than its disappointing first foray into the world ... barrels of proven and probable reserves, according ...
Is the oil rally for real?
CNBC - 10/9/2015 5:50:35 PM
Is this merely another blip on a harrowing roller coaster of oil prices moves, or does it signal some return to sanity and normalcy? Trading news certainly influenced Thursday's move: The Federal Reserve released ... oil demand has proved astoundingly ...
House Votes to Lift 40-Year Ban on Oil Exports
New York Times - 10/9/2015 9:11:01 PM
Opponents say lifting the export ban could raise gasoline prices, an assertion contested by many energy experts and economists since increased United States supplies on world ... reserves across the country. But production is now suddenly dropping, and oil ...
US expects no increase in Kazakhstan’s oil production
Trend - 10/10/2015 8:23:53 AM
The daily oil production in this country ... s proven oil reserves as of early 2015 stood at 30 billion barrels. Kazakhstan’s largest oil fields are Tengiz, Karachaganak and Kashagan. Tengiz is one of the largest fields in the world.
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 ...
Commodity surge lifts world equities; dollar falls | Reuters
Firstpost - 10/10/2015 3:37:33 AM
Declines in the dollar, a bullish oil forecast as well as miner ... Franc as minutes from the Federal Reserve's September policy meeting showed the Fed in no rush to raise interest rates. The MSCI all-country world equity index .MIWD00000PUS climbed ...
GNPC urges West African countries to focus on economic diversification
Ghana News Agency - 10/8/2015 11:32:23 AM
2014 Statistical Review of World Energy, June 2015 Report, he said Africa was endowed with a huge natural gas resource base and that the continent boasted of proved gas reserves of an estimated 7.6 trillion cubic metres in 2014. He said the “oil curse ...
GLOBAL MARKETS-Commodity surge lifts world equities; dollar falls
Reuters - 10/9/2015 9:22:20 AM
Declines in the dollar, a bullish oil forecast as well as miner ... Franc as minutes from the Federal Reserve's September policy meeting showed the Fed in no rush to raise interest rates. The MSCI all-country world equity index climbed 0.7 percent for ...
World stocks climb after Fed minutes; oil jumps
The Fiscal Times - 10/8/2015 11:13:53 PM
NEW YORK (Reuters) - World stock indexes climbed and the dollar dipped on Thursday as minutes from the latest Federal Reserve meeting showed policymakers view low inflation as a hurdle to raising rates. U.S. crude oil prices ... MSCI's all-country world ...
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 ...
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 ...