July 5, 2016

USPEC:

US oil reserves surpass those of Saudi Arabia and Russia (Anjli Raval, 7/04/16, Financial Times)

The US holds more oil reserves than Saudi Arabia and Russia, the first time it has surpassed those held by the world's biggest exporting nations, according to a new study.

Rystad Energy estimates recoverable oil in the US from existing fields, discoveries and yet undiscovered areas amounts to 264bn barrels. The figure surpasses Saudi Arabia's 212bn and Russia's 256bn in reserves.


Posted by at July 5, 2016 11:25 AM

  

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