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Proven reserves (millions of barrels) Country US EIA OPEC BP Others Oil production 2021 (bbl/day) Years of production in reserve Venezuela * 304,000: 302,809: 300,900: 700,000: 1,000 Saudi Arabia * 259,000: 266,260: 266,000: 10,846,000: 65.4 Iran * 209,000: 208,600: 155,600: 3,511,000: 163 Canada * 170,000: 4,421: 172,200
Dec 12, 2023 · Shown are the total proven reserves of oil, in tonnes. This is oil that we know with reasonable certainty can be recovered in the future under existing economic and operating conditions. Proven reserves decrease when we extract oil, and increase as new resources are discovered or become economically viable to extract.
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Are global oil and gas companies adding to proved reserves?
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Which country has the most oil reserves? Venezuela has the most oil reserves in the world, 303.8. This accounts for 17.5% of the world's total oil reserves.
Jun 22, 2022 · According to the Energy Information Administration (EIA), annual financial reports by 119 publicly traded exploration and production companies show that their proved reserves totaled 2 93 billion barrels of oil equivalent at the end of 2021, 6 percent higher than the end of 2020.
Oct 18, 2022 · No, according to Flynn with PRICE Futures. That would only give OPEC greater leverage to respond by cutting production in member countries to keep prices high. “OPEC can play that game all year...
Jan 10, 2024 · Proved oil and gas reserves of key oil companies worldwide in 2022, by company (in billion barrels of oil equivalent) table column chart
Jul 28, 2022 · In its 2021 report, oil industry leader BP Plc estimates that there are 1.73 trillion barrels of oil reserves in the world. According to the British company's Statistical Review of World Energy...
