Distrubution of the Proved Oil Reserves in the World |
|||||
Country | Reserves in 1991 | Reserves in 2000 | Reserves in 2010 | Reserves in 2019 | Reserves in 2020 |
Venezuela |
62,6 |
76,8 |
296,5 |
303,8 |
303,8 |
S.Arabia |
260,9 |
262,8 |
264,5 |
297,6 |
297,5 |
Canada |
40,1 |
181,5 |
174,8 |
169,1 |
168,1 |
Iranian |
92,9 |
99,5 |
151,2 |
157,8 |
157,8 |
Iraq |
100,0 |
112,5 |
115,0 |
145,0 |
145,0 |
Kuwait |
96,5 |
96,5 |
101,5 |
101,5 |
101,5 |
UAE |
98,1 |
97,8 |
97,8 |
97,8 |
97,8 |
Russia |
--- |
112,1 |
105,8 |
107,8 |
107,8 |
Libya |
22,8 |
36 |
47,1 |
48,4 |
48,4 |
Nigeria |
20,0 |
29,0 |
37,2 |
36,9 |
36,9 |
USA |
32,1 |
30,4 |
35,0 |
68,8 |
68,8 |
Kazakhistan |
--- |
5,4 |
30,0 |
30,0 |
30,0 |
Qatar |
3 |
16,9 |
24,7 |
25,2 |
25,2 |
Others |
203,7 |
143,7 |
155,8 |
145,1 |
143,8 |
TOTAL |
1.032,7 |
1.300,9 |
1.636,9 |
1.734,8 |
1.732,4 |
(*) Resevers Values are in billion barrels.
Spot Crude Oil Prices (1975 – 2020) |
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Year | Dubai | Brent | Nigerian Forcados | West Texas Intermediate |
1975 |
10,70 |
--- |
--- |
--- |
1980 |
35,69 |
36,83 |
36,98 |
37,96 |
1985 |
27,53 |
7,56 |
27,75 |
27,98 |
1990 |
20,45 |
23,73 |
23,85 |
24,50 |
995 |
16,10 |
17,02 |
17,26 |
18,42 |
2000 |
26,20 |
28,50 |
28,42 |
30,37 |
2005 |
49,35 |
4,52 |
55,69 |
56,59 |
2006 |
61,50 |
65,14 |
67,07 |
66,02 |
2007 |
68,19 |
72,39 |
74,48 |
72,20 |
2011 |
106,18 |
111,26 |
113,65 |
95,04 |
2012 |
109,08 |
111,67 |
114,21 |
94,13 |
2013 |
105,47 |
108,66 |
111,95 |
97,99 |
2014 |
97,07 |
98,95 |
101,35 |
93,28 |
2015 | 51,20 | 52,39 | 54,41 | 48,71 |
2016 | 44,05 | 41,20 | 47,43 | 43,19 |
2017 | 53,13 | 54,19 | 54,31 | 50,79 |
2018 | 70,15 | 71,31 | 72,47 | 65,20 |
2019 | 63,71 | 64,21 | 64,95 | 57,03 |
2020 | 42,41 | 41,84 | 42,31 | 39,25 |
(*) Oil prices values are in US Dollars per barrel.
Soruces: BP Statistical Review 2018, Central Bank of Nigeria, World Bank Commodity Price Data (Pink Sheet), Monthly Update