Oil Reserves

Filed Under » , ,
Dictionary Says

Definition of 'Oil Reserves'

An estimate of the amount of crude oil located in a particular economic region. Oil reserves must have the potential of being extracted under current technological constraints. For example, if oil pools are located at unattainable depths, they would not be considered part of the nation's reserves.

Reserves are calculated based on a proven/probably basis.
Investopedia Says

Investopedia explains 'Oil Reserves'

Saudi Arabia, Kuwait, Iran, Iraq, Venezuela, Russia, Mexico and Canada are some of the world leaders in oil reserves. Canada has over 150 billion barrels of oil reserves, a large portion of which is concentrated in the Alberta oil sands. If the rate of technological improvement exceeds the rate of extraction, national oil reserves will increase.

Sign Up For Term of the Day!

Try Our Stock Simulator!

Test your trading skills!

Related Definitions

  1. Oil ETF

    A category of ...

  2. Peak Oil

    A hypothetical ...

  3. Crude Stockpiles

    Reserves of ...

  4. Oil Sands

    Sand and rock ...

  5. Sweet Crude

    A type of oil ...

  6. Barrels Per Day - B/D

    A measure of oil ...

  7. Proven Reserves

    After an oil ...

  8. Oil Refinery

    An industrial ...

  9. Vagit Y. Alekperov

    The founder of ...

  10. Oil Field

    A tract of land ...

Articles Of Interest

  1. Oil And Gas Industry Primer

    Before jumping into this hot sector, learn how these companies make their money.

  2. Unearth Profits In Oil Exploration And Production

    Drill down into financial statements to tap into the right companies and let returns flow.

  3. How To Identify A Micro-Cap Scam

    Discover how to distinguish a real investment opportunity from a fraudulent one.

  4. Uncovering Oil And Gas Futures

    Find out how to stay on top of data reports that could cause volatility in these markets.

  5. A History Of U.S. Monopolies

    These monoliths helped develop the economy and infrastructure at the expense of competition.

  6. Oil: A Big Investment With Big Tax Breaks

    Oil and gas investments can provide unmatched deduction potential for accredited investors.

  7. A Primer On Offshore Drilling

    Learn the important ratios and terms that you'll need to know to get involved in this trading sector.

  8. 10 Ways To Save Energy And Money

    The average family spends $1,600/year on utility bills - find out how to put some of that back in your wallet.

  9. Clean Or Green Technology Investing

    Innovations in energy and consumption grow as companies adopt them to reduce costs.

  10. 4 Leverage Ratios Used In Evaluating Energy Firms

    These four leverage ratios can help investors understand how oil and gas firms are managing their debt.
Sponsored links

comments powered by Disqus
Hot Definitions

  1. Love Money

  2. Shark Watcher

  3. Judo Business Strategy

  4. Dogs Of The Dow

  5. Chinese Hedge

  6. X-Mark Signature

Recommended
Loading, please wait...
See More »
Trading Center