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
COLUMN-U.S. oil reserves highest since 1970s: Kemp
Thomson Reuters - 4/11/2014 7:52:34 AM
The two states at the heart of the fracking revolution accounted for more than 90 percent of all reserve growth across the country. Texas now accounts for 11.1 billion barrels of proved oil and condensate reserves ... of the bottle: world oil since ...
Mexico's proven oil and gas reserves fall 3 pct in 2013
Thomson Reuters - 4/14/2014 11:09:27 AM
Mexico, the world's tenth-biggest crude producer, has not been able to discover and certify new oil and gas fields as fast ... led to a precipitous decline in the country's reserve base. Mexico boasted proven reserves of about 55 billion boe in 1990 ...
U.S. Proved Crude Reserves Reach 36-Year High
Bloomberg - 4/10/2014 5:33:35 PM
“If prices go up, proved reserves can actually increase. With higher prices, you can keep drilling and still make a lot of money.” Oil reserves in the U.S. are still dwarfed by Venezuela, which held the most in the world with 297.6 billion barrels as ...
U.S. oil reserves jump on shale but gas tumbles in 2012: EIA
Business Recorder - 4/10/2014 8:11:04 PM
The boost in oil reserves reflects the buoyant U.S. energy industry, but it does not change the country's standing among the world's petroleum powerhouses. Proven oil and condensate reserves, meaning oil still in the ground estimated to be technically and ...
Venezuela home to world's largest oil reserves
MENAFN - 4/15/2014 8:16:28 AM
(MENAFN) With proven crude oil reserves amount of 298.35 billion barrels, Venezuela is considered the world's largest country with oil reserves, Xinhua reported. The Venezuelan Oil and Mining Ministry said that the country was adding 1.673 billion barrels ...
Venezuela Has The World’s Largest Crude Oil Reserves
Live Trading News - 4/15/2014 10:56:56 PM
The Venezuelan Oil and Mining Ministry announced Monday its proven Crude Oil reserves amount to 298.35-B bbls, meaning Venezuela is home to the world’s largest Crude Oil reserves. The ministry said it was adding 1.673-B bbls to its inventory from ...
Venezuela has world's largest oil reserves
The Global Times - 4/15/2014 3:15:49 AM
The Venezuelan Oil and Mining Ministry announced Monday its proven crude oil reserves amount to 298.35 billion barrels, meaning Venezuela is home to the world's largest oil reserves. The ministry said it was adding 1.673 billion barrels to its inventory ...
Morning Energy Roundup: U.S. oil reserves highest in decades
Casper Star-Tribune - 4/10/2014 7:53:45 AM
when 10 billion barrels of Alaskan crude were added to the country's portfolio. What are proved reserves? The term reflects the amount of oil engineers and geologists believe can be extracted from the ground in coming years. America's reserves were in ...
Texas holds No. 1 oil spot, EIA says
United Press International - 4/11/2014 1:57:39 PM
The Energy Information Administration, the statistical arm of the Energy Department, said Texas and North Dakota helped pushed proven crude oil reserves in the country to record highs. EIA said proved oil reserves in 2012, the last full year for which ...
Increase in Proven Oil Reserves of Venezuela
La Prensa Latina - 4/15/2014 4:13:05 AM
VenezuelaâÖs Ministry of Oil and Mining today said proven oil reserves reach 298.35 billion barrels, which places the country first in the world ranking for this indicator. According to the Official Gazette that circulated Monday, the ministry decided to ...
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 ...
Mexico Is Fed Up With Being Overshadowed by the United States Oil Boom, but Won't Do Enough to Change It
The Motley Fool - 4/13/2014 1:05:10 PM
... proved reserves and make about 4 billion barrels of oil equivalent in proved and probable reserves available for foreign investment. Not exactly the most generous of offers for a country that wants to nearly triple capital expenditures. What a Fool ...
30 countries with highest proven oil reserves
Rediff India Abroad - 3/1/2012 2:57:12 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.
Shale revolution boosts US crude reserves to record
Times of Oman - 4/12/2014 11:57:45 PM
The two states at the heart of the fracking revolution accounted for more than 90 per cent of all reserve growth across the country. Texas now accounts for 11.1 billion barrels of proved oil and condensate reserves, with North Dakota at 3.8 billion barrels.