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
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 Proved Reserves of Crude Oil. Though all charts in this post use the ... by bureaucrats with hardly any connection to actual reserves the country possesses. Even the US has gotten in on the act, adding 11.5 ...
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 of Crude Oil. Though all charts in this post use the ... by bureaucrats with hardly any connection to actual reserves the country possesses. (click to enlarge) Even the U.S. has gotten in on ...
Sudan unveils oil ambitions
United Press International - 12/17/2014 9:44:06 AM
KHARTOUM, Sudan, Dec. 17 (UPI) --The Sudanese government aims to increase oil reserves by tapping more than 250 new wells next year, the country's oil minister said ... Sudan holds about 1.5 million barrels of proved reserves, though much of the regional ...
Eight countries that win and lose big from oil plunge
USA Today - 12/17/2014 5:26:24 AM
Oil prices traded ... other oil-producing countries. It needs a high price to balance its budget, but it has a lot more oil in reserve than other members: some 260 billion barrels — equivalent to 16% of the world's total reserves. At the recent OPEC ...
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.
Top 10 Countries by Proved Natural Gas Reserves (and Their Production Rates)
explorationworld.com - 9/14/2014 11:52:53 PM
With oil consumption ... cubic feet of natural gas in 2012. 6. Turkmenistan – 265 trillion cubic feet in proved reserves A country that seems almost conspicuously absent from geopolitical discussion considering its vast natural gas reserves, Turkmenistan ...
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.
Sudan to drill hundreds of wells to boost oil, gas reserves -state media
Reuters - 12/16/2014 6:49:19 PM
When South Sudan seceded in 2011, it took with it three-quarters of the former unified country's oil wealth, estimated at 5 billion barrels of proven reserves by the U.S. Energy Information Administration. Oil exports had been the main source of the ...
Oil's Fall Is a Ticking Time Bomb for Some Countries
NBC News - 12/17/2014 12:18:36 AM
"Continued price declines would for some countries and ... One reason is that some oil producers have set aside bigger cash cushions than others. Many OPEC producers, among the world's largest exporters, have built up sizable 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 ...
2015 Predictions: World War 3 Inevitable? Cold War 2 May Focus On Arctic Oil, Not A Russian Nuclear War
The Inquisitr - 12/16/2014 5:52:03 PM
It’s possible the world’s superpowers may choose to wage international war using economics and a series of proxy wars where countries take sides ... Administration claims the “U.S. proved reserves of crude oil and lease condensate increased for ...
Sudan to drill 250 wells to boost oil, gas reserves
Trade Arabia - 12/17/2014 3:53:21 AM
When South Sudan seceded in 2011, it took with it three-quarters of the former unified country's oil wealth, estimated at 5 billion barrels of proven reserves by the US Energy Information Administration. Oil exports had been the main source of the foreign ...
World market shockwaves ripple far and wide from oil price epicentre
Economic Times - 12/17/2014 10:08:34 PM
Brent crude oil has dived 50 per cent since late June to below $60 a barrel, its lowest since 2009 thanks to a mix of rising supply, falling demand and OPEC's decision last month not to cut production. The impact on countries who depend largely on oil and ...
US oil reserves at highest since 1975
Financial Times - 12/4/2014 7:25:02 PM
US proven oil reserves last year rose to their highest level since 1975, official figures have shown, in the latest sign of how the shale revolution has transformed the country’s energy ... s proven oil reserves, the world’s largest conventional ...