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
Oil and Gasoline Fast Facts
CNN - 10/31/2014 3:54:48 PM
Members of the Organization of the Petroleum Exporting Countries (OPEC) produce 43.4% of the world's crude oil, and possess more than 81% of the world's total proven crude oil reserves. The 12 countries/members of OPEC: Algeria, Angola, Ecuador ...
How Russia, Iran and Other Oil-Rich Nations Will Be Slammed By Falling Crude Oil Prices
International Business Times - 10/30/2014 11:12:39 PM
Countries whose revenues come mostly from ... said the possibility is increasingly likely. Venezuela, the world’s ninth-largest oil exporter and holder of the biggest proven oil reserves, needs oil prices at around $120 a barrel -- or 50 percent higher ...
Norwegian oil firm wins license to explore in Algeria
worldbulletin.net - 10/31/2014 9:45:34 PM
Statoil and Shell won a new license to explore for oil in the ... and holds the world's tenth-largest amount of proved natural gas reserves and the third-largest technically recoverable shale gas resources, according to EIA. The country produced 78.6 ...
investinganswers.com - 10/31/2014 9:09:46 PM
Saudi Arabia, Venezuela and Canada have the most proven oil reserves in the world. In the U.S., the largest reserves are in Texas, Alaska, California and North Dakota. Oil companies and countries report the amount of oil reserves in their properties.
A World Awash in Cheap Oil Threatens GCC
businessweekme.com - 10/30/2014 6:09:01 AM
the GCC is home to almost 30 percent of the world’s proven oil reserves, while Saudi Arabia, the UAE and Kuwait rank among the top five global crude exporters. But despite enjoying vast resource wealth, regional governments face growing challenges in the ...
The 10 Most Polluted Countries in the World
INSIDER MONKEY - 10/30/2014 11:45:27 AM
Iran has oil reserves and natural gas reserves larger than most countries in the world. But its industry is not as developed; therefore, nationally produced gas has caused a lot of air pollution. The industry cannot develop fast enough and uses old ...
Nigeria: Explorationists Worry About Nigeria's Declining Crude Oil Reserves
AllAfrica - 10/31/2014 8:02:22 AM
NIGERIAN Association of Petroleum Explorationists (NAPE), has expressed concern over the declining level of the country's oil and gas reserves, stressing the need ... Adedoja noted that the advent of shale gas has proved to be a game changer and a peculiar ...
Is the US oil boom in trouble?
The Christian Science Monitor - 10/30/2014 4:03:09 PM
And a recent drop in the price of oil calls into question not just how much oil and gas is left, but how much of it can still be profitably extracted. Today, US oil production is at its highest level in three decades, and the country imports dramatically less.
ConocoPhillips’ Q3 Earnings Fall On Lower Oil Prices Despite Higher Production, Better Mix
Trefis - 10/31/2014 2:50:23 PM
 ConocoPhillips is the world’s largest independent exploration and production company by proved reserves ... barrels of oil equivalent (BOE) at the end of last year. Headquartered in Houston, Texas, the company has operations in 27 countries ...
Russia Increases Gold Reserves by 37.2 Tons
marketpulse.com - 10/29/2014 4:40:08 PM
Russia boosted gold reserves by the most since defaulting on local debt in 1998, driving its bullion holdings to the largest in at least two decades. The country expanded its stockpile, the world’s fifth ... reserves as tumbling oil prices and U.S ...
“Petrobras Argentina, S.A. Oil & Gas Exploration and Production Operations and Cost Analysis – 2013″ Published
infoline.com.pk - 10/30/2014 9:32:26 PM
2014-10-30 22:14:24 – Fast Market Research recommends “Petrobras Argentina, S.A. Oil & Gas Exploration and ... detailed crude oil and natural gas reserves and production information of the company by country as disclosed in their annual report and ...
Falling Oil Prices and Saudi Decisionmaking
Breaking Energy - 10/29/2014 10:56:32 AM
As prices drop to around $80 per barrel, more attention is being focused on the mindset of Saudi Arabia, the world’s largest oil ... Apart from its huge oil wealth — nearly a quarter of proven global reserves — the kingdom is also the leader of ...
“Cue Energy Resources Limited Oil & Gas Exploration and Production Operations and Cost Analysis – 2013″ Published
software20.it - 10/31/2014 4:37:45 PM
2014-10-31 16:33:56 – New Energy market report from GlobalData: “Cue Energy Resources Limited Oil & Gas Exploration ... detailed crude oil and natural gas reserves and production information of the company by country as disclosed in their annual ...
Argentina Passes a Controversial Bill to Attract Oil Investment
latindispatch.com - 10/31/2014 6:57:56 AM
Argentina sits on some of the world’s largest reserves of shale oil and gas, yet spends billions of dollars importing fuel, resulting in a $7 billion energy deficit that is eating away at the country’s foreign reserves. Argentina’s Vaca Muerta rock ...
“Thailand Oil & Gas Report Q4 2014″ is now available at Fast Market Research
eTV Futures - 10/31/2014 3:04:42 PM
With no scope for the country ... Pricing: Oil price (US$ /bbl, WTI, Brent, OPEC basket, Urals); Oil products prices (unleaded gasoline, gasoil/diesel, jet/kerosene – US$ /bbl) at global hubs Production, Consumption, Capacity and Reserves: Proven oil ...