Thursday, 14 July 2016

U.S. Now Holds More Oil Reserves Than Saudi Arabia: Rystad

A new independent estimate of world oil reserves has been released by Rystad Energy, showing that the U.S. now holds more recoverable oil reserves than both Saudi Arabia and Russia. For U.S., more than 50% of remaining oil reserves is unconventional shale oil. Texas alone holds more than 60 Bbbl of shale oil, according to this new data....

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