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
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 Proved Reserves of Crude Oil. Though all charts in this post use the ... by bureaucrats with hardly any connection to actual reserves the country possesses. Even the US has gotten in on the act, adding 11.5 ...
The World’s Top 10 Oil Companies
24/7 Wall ST - 12/15/2014 10:50:54 AM
Of the top 10 countries holding portions of those reserves, only Canada does not have a national oil company, and the nine that do control 1.23 trillion of the world’s total proved reserves. That is about 75% of the world’s proved reserves that are off ...
World Proved Oil Reserves, Fact Or Fiction
Seeking Alpha - 12/8/2014 3:38:22 PM
The EIA publishes annually a list of World Proved Reserves of Crude Oil. Though all charts in this post use the ... by bureaucrats with hardly any connection to actual reserves the country possesses. (click to enlarge) Even the U.S. has gotten in on ...
Here's How Much Oil The World's Biggest Oil Players Are Sitting On
businessinsider.in - 12/18/2014 5:35:22 PM
This chart from RBC Capital Markets' Helima Croft shows the proven oil reserves for the big oil-producing countries around the world. If the Saudis are screwed by 2018, every other country on this list that relies heavily on oil revenue to balance its ...
The 17 Countries Sitting On The Most Valuable Energy Reserves
The Business Insider - 2/13/2014 11:51:58 AM
Saudi Arabia has nearly one fifth of the world’s proven oil reserves, in addition to being the largest producer and exporter of petroleum. Its largest oil field, the giant Ghawar field, has more proven oil reserves than all but seven countries.
Top 10 Countries by Proved Natural Gas Reserves (and Their Production Rates)
explorationworld.com - 9/14/2014 11:52:53 PM
With oil consumption ... cubic feet of natural gas in 2012. 6. Turkmenistan – 265 trillion cubic feet in proved reserves A country that seems almost conspicuously absent from geopolitical discussion considering its vast natural gas reserves, Turkmenistan ...
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 ...
30 countries with highest proven oil reserves
Rediff India Abroad - 2/29/2012 11:58:14 PM
And proven oil reserves are those that claim to have a reasonable ... 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 ...
Global oil impact: Who's hurting, happy, hopeful
American-Republican - 12/21/2014 2:58:30 AM
For countries that consume a large amount of the world's ... Brazil's oil industry was already reeling from a corruption scandal at the nation's state-controlled oil company, Petrobras. Also, the country's considerable oil reserves are expensive to exploit ...
Real World Economics: Falling oil prices have their down side
TwinCities Pioneer Press - 12/21/2014 11:55:22 AM
Oil ... and bank reserves that underlies the money supply, has already fallen by 9 percent since September. This shows that some tightening effectively is already underway. So the effects of falling oil prices on inflation or deflation in our country ...
U.S. Oil Reserves Hit 38-Year High
US News and World Report - 12/4/2014 6:06:17 PM
Pennsylvania alone saw its gas reserves leap by 13.5 trillion cubic feet – the largest increase in the country ... Clean Power Plan] The U.S. proved oil reserves still amount to just a fraction of the reserves of the world’s petroleum powers.
Venezuela, with world's largest reserves, imports oil
USA Today - 11/2/2014 5:11:11 PM
Venezuela is importing crude — a new embarrassment for the country with the world's largest oil reserves. The nation's late president Hugo Chávez often boasted the South American country regained control of its oil industry after he seized joint ...
Top 5 Oil-Producing Countries In 2011
Investopedia - 3/15/2011 11:59:20 PM
However, some have commented that current price rise may be an overreaction, since Libya produces only about 2% of the world's oil per day. While that is not an insignificant amount, other large oil producing countries ... barrels of proven oil reserves ...
American Oil Reserves Now Top Saudi Arabia
Breitbart News - 4/15/2014 11:54:12 PM
The U.S. Energy Information Agency (EIA) just reported that United States “proven reserves” of crude oil in 2012 jumped by 15.4% to 29.2 billion barrels. This new official level is only about 13% of the declared reserves of Saudi Arabia. But U.S. oil ...
Falling oil prices force Algeria to confront heavy spending and subsidies
FOX News - 12/20/2014 10:09:11 AM
Generous subsidies, for one, may have to be scaled back despite the potential risk of social unrest in the North African country ... has warned that the oil and gas dividend won't last forever though nearly $200 billion of foreign reserves can help ...