According to the United States Energy Information Administration, approximately 4.1 billion barrels (650,000,000 m 3) of oil are held in strategic reserves, of which 1.4 billion is government-controlled. These reserves are generally not counted when computing a nation's oil reserves.

The world has 53.3 years of oil left (usatoday.com) "BP (ticker BP ) has provided an intriguing update to its global oil reserves estimate in the company's latest yearly review of energy statistics.". OPEC share of world crude oil reserves, 2014 (opec.org) "According to current estimates, The Strategic Petroleum Reserve (SPR) is an emergency fuel storage of petroleum maintained underground in Louisiana and Texas by the United States Department of Energy (DOE). It is the largest emergency supply in the world, with the capacity to hold up to 727 million barrels (115,600,000 m 3). The United States started the petroleum reserve in 1975 after oil supplies were interrupted during There are in fact 4 main types, from light oils such as gasoline and jet fuel to heavy fuel oils. Brent crude and WTI (West Texas Intermediate) are Crude oil is not one indistinguishable substance. Iran has close to 160,000 million barrels of proven oil reserves, making it considerably wealthy in terms of global oil resources. When looking at the most easily accessible reserves (excluding many of the unconventional, difficult-to-extract reserves in Canada), Iran falls right behind Venezuela and the Kingdom of Saudi Arabia. For example, one of the most-cited estimates comes from BP’s ( BP - Free Report) prediction made on World Energy Day in 2014; based on reserve estimates of 1.688 trillion barrels, BP claimed the earth has enough oil left for about 53 more years at current production levels. According to current estimates, 79.4% of the world's proven oil reserves are located in OPEC Member Countries, with the bulk of OPEC oil reserves in the Middle East, amounting to 64.5% of the OPEC total.

EIA estimates that as of January 1, 2017, the United States had about 322 Tcf of proved reserves and 2,137 Tcf of unproved reserves of dry natural gas.

5 Jul 2016 How much oil lies beneath the desert sands of Saudi Arabia and how long will it The implied increase in reserves must therefore come from enhanced The oil industry employs a number of different ways of classifying the  17 Jan 2020 Share of oil reserves, oil production and oil upstream investment by company type, 2018 - Chart and data by the International Energy Agency. 25 Mar 2019 In its liquid form, crude oil can be found underground in reservoirs, sedimentary rocks, and tar sands. Our new visualization shows how much oil is in each country's reserves. Oil reserves are measured in Gbbl (billion barrels). per day, finding alternate forms of energy is more important than ever. 23 May 2016 Robert Rapier discusses the growth in oil reserves over the past few using current technology, and many reservoirs can't even manage that. 22 May 2019 With a small population, and a wealth of oil – over 25.2 billion barrels in proven reserves – Qatar has the highest GDP per capita of any country in  high reserves. Overall, the maps for oil and natural gas tell a similar story; the distribution of coal, however, is notably different.

As of October 2019, crude oil reserves in the United States of America was Mar 2019, Apr 2019, May 2019, Jun 2019, Jul 2019, Aug 2019, Sep 2019, Oct 2019 

Oil Reserves, Their Categories, and the World's Largest. Share; Pin Oil reserves are an estimate of how much oil can ultimately be recovered. It also assumes new types of technology will make it economically feasible to extract the oil. Because of potential differences in uncertainty, caution should be exercised when aggregating reserves of different classifications. Reserves estimates will  4 Nov 2019 BP estimates there are 1.73 trillion barrels of oil reserves in the world. Nearly 80 % of the world's oil reserves are in the Organization of the 

22 May 2019 With a small population, and a wealth of oil – over 25.2 billion barrels in proven reserves – Qatar has the highest GDP per capita of any country in 

OPEC Member Countries have made significant additions to their oil reserves in recent years, for example, by adopting best practices in the industry, realizing  Oil that comes in other forms that are much more difficult to extract, let it be in deep waters or as oil shale, and of lower quality. The availability of oil resources is  Different sources regularly quoted as benchmarks estimate current global oil China's oil reserves are by far the largest of any country in Asia: oil output is on a   6 Jun 2019 There are three kinds of oil reserves. Proven reserves are oil reserves in which the probability of recovering the oil is at least 90%. Probable  25 Jun 2019 25 2019 — Proved oil reserves, historically a proxy for geopolitical clout and energy security, may be losing their currency in a world set on on contingent and prospective resources, however, yields widely different results. Proven Oil Reserves 1700 Billion Barrels at end 2014 While they make their own assessments of how much oil might remain to be discovered, the only detailed, publicly available assessment of that kind is from the USGS. The new USGS 

6 Jun 2019 There are three kinds of oil reserves. Proven reserves are oil reserves in which the probability of recovering the oil is at least 90%. Probable 

5 Jul 2016 How much oil lies beneath the desert sands of Saudi Arabia and how long will it The implied increase in reserves must therefore come from enhanced The oil industry employs a number of different ways of classifying the  17 Jan 2020 Share of oil reserves, oil production and oil upstream investment by company type, 2018 - Chart and data by the International Energy Agency.

high reserves. Overall, the maps for oil and natural gas tell a similar story; the distribution of coal, however, is notably different.