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
Iran strives to join the world shale oil club
Oil Voice - 5/3/2016 9:13:04 AM
Iran, which intends to join the world shale oil and gas club, said about the discovery of shale reserves in the country, though provided no precise figures. Probably the exact figures of reserves are currently being clarified by Iranian geologists or maybe ...
Iran discovers shale oil reserves
freerepublic.com - 4/28/2016 12:03:39 PM
Energy-rich Iran, which is the fourth country in the world for its proven oil reserves of 158 billion barrels, has discovered shale oil reserves in the Lorestan Province. This was announced by the Director of Center for Exploration and Production at the ...
Ex-Shell economist warns world has much less oil than typically thought
CITY A.M. - 4/27/2016 9:41:40 AM
... also included in conventional estimates of the world's oil reserves, inflating the figure by another 440bn barrels, Jefferson added. Put bluntly, the standard claim that the world has proved conventional oil reserves of nearly 1.7 trillion barrels is ...
Can Oil Continue To Rally? An Interview with the IEA's Neil Atkinson
NASDAQ - 5/2/2016 8:02:41 AM
In order for the world to meet that demand, Iraq appears to be one country that is particularly important ... speculative due to the political situation. However, with proved crude oil reserves at an estimated 150 billion bbls, there is a major resource ...
World Proved Oil Reserves, Fact Or Fiction
Seeking Alpha - 12/8/2014 3:38:22 PM
The EIA publishes annually a list of World ... reserves the country possesses. Even the U.S. has gotten in on the act, 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 ...
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 ...
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 ...
Where did all the oil go? The peak is back
Middle East Eye - 4/24/2016 8:55:07 AM
The result has been an apparent (but not real) increase in their ‘proved’ conventional oil reserves ... general of the World Energy Council, a UN-accredited global energy body representing 3,000 member organisations in 90 countries, including ...
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 ...
Venezuela Oil Price Up 6%
Latin American Herald Tribune - 4/30/2016 5:16:14 PM
... is the main export of Venezuela and provides most of the country's foreign currency. As of 2015, Venezuela had nearly 298 billion barrels of proved oil reserves -- the largest in the world. The next largest proved oil reserves are in Saudi Arabia with ...
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.
7 Oil Stocks With the Largest Reserves
The Motley Fool - 4/11/2015 12:57:00 PM
as the world's seven largest oil companies not controlled by a country hold only 50 billion barrels of proved oil reserves. So, while these might be the world's big oil giants, they are really small potatoes on the global scene. That being said ...
OPEC Accounts for Most of the World’s Crude Oil Reserves
Market Realist - 12/7/2015 7:22:16 AM
BP’s (BP) statistical review shows that OPEC (Organization of the Petroleum Exporting Countries) accounts for 71.6% of the world’s total proved crude oil reserves. OPEC countries have around 1,216 billion barrels of crude oil reserve. Saudi Arabia ...
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 condensate reserves ... of the bottle: world oil since ...