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
Venezuela Has World’s Largest Oil Reserves
24/7 Wall ST - 8/28/2016 8:56:00 AM
Venezuela’s problem is that it cannot get oil out of the ground. If it could, crude sales might produce enough money to solve a portion of the nation’s problems. According to CNN Money, At a time when most OPEC countries are ramping up oil output ...
Another big problem for Exxon and Big Oil
Yahoo Finance - 8/27/2016 10:37:24 AM
Exxon, the world’s biggest oil company, declared proven oil reserves of 8.1 billion barrels at the end ... But what if Exxon will never be able to produce some of that oil? Many countries seem likely to adopt taxes on carbon emissions or other rules ...
The World’s Largest Oil Reserves By Country
worldatlas.com - 6/29/2016 11:57:31 PM
we have profiled countries with the highest oil reserves in the world. These are the countries whose proven oil reserves are in the top 10 globally. U.S. oil reserves soared to new heights in recent years due to increased usage of unconventional drilling ...
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 ...
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 ...
Venezuelan Oil Imports Crash Amid Payment, Shipping Troubles
hellenicshippingnews.com - 8/28/2016 9:06:09 PM
Despite holding the world’s largest proven crude oil reserves, for years Venezuela has been increasingly ... Along with producing much of the country’s oil, PDVSA is the Venezuelan government’s largest single source of revenue. Yet weak international ...
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 ...
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 ...
World oil industry: proved oil reserves by leading companies 2013
statista.com - 8/23/2016 11:03:38 AM
Oil industry: proved ... reserves in the U.S. 1980-2015 Crude oil - reserves in the U.S. 1980-2015 Distribution of world oil reserves by region 2009-2015 Distribution of world oil reserves by region 2009-2015 Oil reserves - share held by leading countries ...
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 ...
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 ...
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 ...
Falling global oil reserves: Pricing blip or panic alarm? — Fuel for Thought
blogs.platts.com - 6/13/2016 4:56:51 AM
account for less than 3% of the total proven oil, Dale notes. By contrast more than 70% of the world’s reserves is mostly off-limits in OPEC member countries and two thirds of OPEC’s oil is in the Middle East.
Scotland holds the largest oil reserve in the E.U. but proved they don’t need it
interestingengineering.com - 8/13/2016 6:22:00 AM
While the country is estimated to have the largest oil reserves in Europe, the country has proven they largely do not need it ... With one of the first countries to harness the power of water in the world, Scotland continues to live abide by that legacy ...