World Crude Oil Reserves

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The growing demand for energy is expected to exhaust the world’s crude oil reserves in another 40 years. The market price of crude oil reached $145 per barrel in the third quarter of 2008. Though the cost per barrel was around $60 in 2009, it is expected ...
May 17, 2012 at 13:36 | Source: SBWire
The huge reserves of Nat Gas and Crude Oil unlocked from oil shale deposits have cut the price of US Nat Gas to a fraction of its costs in Europe and Asia, making it about the cheapest energy in the World. That cuts production costs at US factories ...
May 28, 2012 at 03:43 | Source: Live Trading News
But the average price for U.S. crude oil at the Cushing ... growing new oil frontier in the world. Continental reported total revenues of $1.6 billion for 2011 and is on track to triple production and proved reserves from 2009 to 2014.
May 25, 2012 at 19:17 | Source: Reuters
A U.S. Energy Information Administration (EIA) weekly report showing U.S. crude inventories, excluding Strategic Petroleum Reserves ... Saudi Arabia is the world's largest exporter and favours an oil price of around $100. Economic concerns ...
May 23, 2012 at 15:44 | Source: Reuters India
On any given day, about 40% of the world's tanker-borne oil passes through a shipping ... continued for any length of time, the strategic reserves would have to be replenished by purchasing crude at above market rates," Moors said.
May 25, 2012 at 13:26 | Source: Money Morning
Crude jumped more than 3 percent ... a retired employee of the state-run Saudi Arabian Oil Co. “We are looking for anything suspicious.” Saudi oilfields hold a fifth of the world’s reserves and are key for the global economy.
May 14, 2012 at 19:08 | Source: Businessweek
Comprehensive Assessment of World Crude Oil Supply was published in March of 2012 ... Inc., a Tulsa-based international petroleum consulting firm that specializes in oil and gas reserves appraisals and risk analysis for international upstream petroleum ...
May 16, 2012 at 18:23 | Source: PennEnergy
World crude oil reserves increased from 1,268.8 billion barrels in 2000 to 1,620.3 billion barrels in 2011, at an average annual growth rate (AAGR) of 2.5%. Crude oil production globally increased from 24,759.1 million barrels in 2000 to 27,156.6 million ...
May 21, 2012 at 10:03 | Source: Market Wire
Prices to jump According to the study, tightening geological supplies of crude oil will push up the price of oil over the coming decade as the world GDP continues ... deepwater reserves and shale oil, helping increase production.
May 25, 2012 at 16:32 | Source: Forbes
The payoff could be the largest U.S. offshore oil ... of crude oil globally within 10 to 20 years. Were it to capture just a 10th of the oil in the Chukchi and Beaufort seas, Shell would, over time, add 2.7 billion barrels to its proven reserves.
May 24, 2012 at 13:13 | Source: CNN