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 ...
Saudi Oil Confounds The Skeptics (Who Remain Unrepentant)
Forbes - 5/5/2016 6:54:42 AM
My piece was in response to revelations from Wikileaks that mentioned a former Saudi Aramco official who raised questions about that country’s ... point that the Saudi reserves in contention would only meet 4-8 years of world oil consumption, assuming ...
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 ...
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 ...
Emergency declared in Canadian oil-sands town ravaged by wildfire
Washington Post - 5/5/2016 5:50:16 AM
Fort McMurray rests in the heart of the Alberta oil sands, home to one of the largest proven crude oil reserves in the world. The nearby Athabasca oil sands are the largest single oil deposit in the world, containing an estimated 1.74 trillion barrels of ...
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 ...
Oil Price – A Conundrum
Forex Street - 5/5/2016 7:30:29 AM
The oil prices are known to follow the basic principle of economics i.e. of demand and supply. Hence, the volumes of oil (proved and proved+ probable ... production performance of the 34 OECD countries and availability of substitute sources of energy ...
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 ...
Alberta declares emergency as fires threaten Canada oil town
Denver Post - 5/5/2016 11:26:42 AM
Fort McMurray is surrounded by wilderness in the heart of Canada's oil sands — the third-largest reserves of oil in the world, behind Saudi Arabia and ... No place in Canada better exemplified the country's oil boom than Fort McMurray, a once-sleepy ...
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 ...