Oil Reserves

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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.

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'Oil Reserves'

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    ... The Strategic Oil Reserves Explained. ... Instead, it is released to the market in smaller
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  • How are oil reserves accounted for on an oil company's balance ...

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    Oil reserves are estimated quantities of crude oil that have a high degree of certainty,
    usually 90%, of existence and exploitability. In other words,. ...

  • The Story Behind Falling Oil And Gas Reserves

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    The latest report shows oil and gas reserves falling despite huge investments in
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  • Will Iraq Save The World From Peak Oil?

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    Iraq is moving to develop its large reserves of oil after decades of neglect but
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  • Investing In Africa's Oil Bonanza

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    ... further. While it's mineral resources have powered its past and present,
    its new found oil reserves will power its future. Africa's ...

  • Iraqi Oil Production Starts To Move Higher

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    ... Reserves While many may scoff at the production targets that Iraq has set out,
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  • Peak Oil: Problems And Possibilities

    http://www.investopedia.com/articles/economics/08/peak-oil-reality.asp
    ... demand (Figure 2). Figure 2: Net Difference Between Annual World Oil Reserves
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  • Oil As An Asset: Hotelling's Theory On Price

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    ... In concert with this transition have been the highly publicized scientific
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  • Algeria Moves To Develop Oil And Gas Reserves

    http://stocks.investopedia.com/stock-analysis/2010/Algeria-Moves-To-Develop-Oil-And-Gas-Reserves-BP-APC-TLM-STO0723.aspx
    ... Algeria has 12.2 billion barrels of proved oil reserves, and 159 trillion cubic
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  • The Play On US Energy Independence

    http://stocks.investopedia.com/stock-analysis/2012/The-Play-On-U.S.-Energy-Independence-BP-PXP-EOG-CLR0209.aspx
    ... Eagle Ford With oil reserves estimated to be at 3 billion barrels, the Eagle Ford
    shale is expected to help make the US the largest oil producer in the world. ...

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