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
Saudi Arabia's oil reserves: how big are they really? Kemp
Reuters - 7/11/2016 1:17:32 AM
The kingdom has proven reserves ... Official reserves have remained constant every year since then at 260-265 billion barrels, even as the country has consumed or exported another 94 billion barrels (“Statistical Review of World Energy”, BP, 2016).
Aramco’s worth and future energy needs
Dawn - 7/24/2016 2:13:42 AM
Aramco today boasts of the largest proven reserves in the world – over 261 billion barrels of crude oil and condensate. According to the Organisation of the Petroleum Exporting Countries (Opec) Annual Statistical Bulletin for 2015, Saudi proven reserves ...
Oil market to grow despite changes in global energy mix
Saudi Gazette - 7/23/2016 9:05:54 PM
World would need other ... show the US still ranks behind countries such as Saudi Arabia, Russia, Canada, Iraq, Venezuela and Kuwait. Even when Rystad applied more conservative estimates of proven oil reserves, the United States fell to fourth place ...
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 5:07:16 AM
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
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 metres, about 14% of the world total and the third largest in the world.
Venezuela's Oil Reserves Are Probably Vastly Overstated
Forbes - 7/1/2016 12:35:07 PM
By 2010 the country’s proved reserves reached 297 billion barrels, leaping over Saudi Arabia to become the country with the world’s largest crude oil reserves. Was this massive increase in its proved reserves a result of huge new oil discoveries in ...
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 ...
The Coal Industry Collapsed—Is Oil Next?
fastcoexist.com - 7/21/2016 2:56:02 PM
Saudi Arabia, one of the world's largest oil producers, plans to transition to a post ... While the "majors" once controlled most of the oil market, now 90% of proved reserves are run by countries like Saudi Arabia, China, Russia, and Iran, all of which ...
Pakistan's oil output drops 8% with gradual fall in reserves
The Express Tribune - 7/23/2016 7:54:19 PM
In the previous fiscal year 2014-15, the country’s oil production stood at 95,000 barrels per day, said Nabeel Khursheed at Topline Securities. “We attribute this decline to the depleting oil reserves and ... low oil prices in world markets for quite ...
Venezuela Passes Saudis to Hold World’s Biggest Oil Reserves
Bloomberg - 6/14/2012 3:18:49 PM
Venezuela surpassed Saudi Arabia to become the world’s largest holder of proven oil reserves, a resource that President Hugo Chavez promises to tap if he gets re-elected in October. The South American country’s deposits were at 296.5 billion barrels at ...
50% Of Proved Oil Reserves May Have Just Vanished
Yahoo Finance - 4/27/2016 9:23:10 PM
According to standard sources like the Oil & Gas Journal, BP’s Annual Statistical Review of World Energy, and the US Energy Information Administration, the world contains 1.7 trillion barrels of proved conventional reserves. However, according to the new ...
Asian Countries Still Being Bullied by Beijing in South China Sea
cdanews.com - 7/23/2016 5:42:29 AM
Current U.S. Energy Information Administration estimates indicate that there are 11 billion barrels of oil and 190 trillion cubic feet of natural gas reserves beneath the ... has been a dominant factor since World War II, but the increasing influence ...
Revisiting Russia ETFs Thanks to Rebounding Oil
ETF Trends Setting The Pace - 7/22/2016 10:30:00 AM
Thanks in significant part to rebounding oil prices, the VanEck Vectors Russia ETF (NYSEArca: RSX) and the iShares MSCI Russia Capped Index Fund (NYSEArca: ERUS) are among the best-performing single-country emerging markets exchange traded funds (ETFs ...
10 countries sitting on massive oceans of oil
The Business Insider - 7/21/2015 8:34:03 AM
The world ... amount of oil, the Islamic republic doesn't even make it into the top three when it comes to proven crude oil reserves. Using the data provided by Barclays commodities analyst Michael Cohen, we put together a list of the 10 countries sitting ...