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
Top 10 Countries That Save The Most
Investopedia - 2/23/2015 11:54:02 PM
Qatar has abundant oil and gas reserves; according to CIA Factbook, Qatar has 13 percent of the world proved reserves of natural gas -- the third largest in the world. The country has a nominal GDP of $212.03 billion (rank: 49) and boasts the highest per ...
The easy oil is gone so where do we look now?
MercoPress - 2/25/2015 4:35:00 PM
If you noticed the dominance of the Middle East in this list, you'd be right. Current estimates have over 80% of the world's proven oil reserves located in OPEC member countries, with Middle Eastern reserves comprising 65% of the OPEC total. Adding to the ...
Crude Oil: Abundance wins over depletion theory
Commodity Online - 2/26/2015 10:50:13 AM
Current estimates have over 80 percent of the world's proven oil reserves located in OPEC member countries, with Middle Eastern reserves comprising 65 percent of the OPEC total. Adding to the Oilprice.com list, Forbes named Majnoon in Iraq, Khuzestan (also ...
Tissue Paper-for-Venezuelan Oil Swap Offered by Trinidad
Bloomberg - 2/26/2015 12:41:46 AM
She said the deal would benefit both countries. “The concept of commodity sharing ... In Venezuela, which has the world’s largest oil reserves, citizens line up outside supermarkets for hours seeking a bag of clothing detergent, toilet paper or cooking ...
The Easy Oil Is Gone So Where Do We Look Now? – Analysis
Eurasia Review - 2/25/2015 4:24:52 AM
Current estimates have over 80 percent of the world’s proven oil reserves located in OPEC member countries, with Middle Eastern reserves comprising 65 percent of the OPEC total. Adding to the Oilprice.com list, Forbes named Majnoon in Iraq, Khuzestan ...
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 ...
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.
The industry behind the world's 9th-largest proven oil reserves has all but collapsed
businessinsider.in - 2/18/2015 2:52:57 AM
According to Reed, the country's lost around a million barrels of daily ... At 48 billion barrels, Libya has the 9th-largest proven oil reserves in the world and the largest reserves in Africa - 38% of the continent's total, according to the US Department ...
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 ...
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 ...
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 ...
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 ...
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 ...
Forecasting China’s Oil Buying Grows Harder
Wall Street Journal - 2/26/2015 9:45:48 AM
Stockpiling for the strategic reserves remains a wildcard. A three-stage program initiated by the government last decade aims to build more than a dozen sites around the country by 2020 ... one of the world’s largest oil traders.
Oil market rebounds on US energy report
Yahoo News - 2/25/2015 6:43:51 PM
London (AFP) - Global oil prices rallied Wednesday as sliding US gasoline and distillates inventories eclipsed news that soaring crude reserves hit another record ... Falling stockpiles indicate strengthening demand. World oil prices had initially fallen ...