Search results
Results from the WOW.Com Content Network
Some statistics on this page are disputed and controversial—different sources (OPEC, CIA World Factbook, oil companies) give different figures. Some of the differences reflect different types of oil included. Different estimates may or may not include oil shale, mined oil sands or natural gas liquids.
Negative gearing is a form of financial leverage whereby an investor borrows money to acquire an income-producing investment and the gross income generated by the investment (at least in the short term) is less than the cost of owning and managing the investment, including depreciation and interest charged on the loan (but excluding capital repayments).
To allow oil-exporting countries increased flexibility in their production quotas, there has been a progressive movement towards forward commercial storage agreements. These agreements allow petroleum to be stored within an oil-importing country. However, the reserves are technically under the control of the oil-exporting country.
By default countries are ranked by their total proven oil reserves. Note that data related to one parameter may be more up to date than data related to some other. See also separate lists and their source pages: List of countries by proven oil reserves [1] List of countries by oil production [2] List of countries by oil consumption [3]
For the first time ever, the price of U.S. crude oil has gone negative as the coronavirus pandemic obliterates demand for energy. On Monday, traders and producers paid as much as $40 for the ...
Flaring a flow test, the first outward indication of a new oil or gas discovery, which has the potential to qualify for reserves assessment. Oil and gas reserves denote discovered quantities of crude oil and natural gas (oil or gas fields) that can be profitably produced/recovered from an approved development.
The nearest-month oil contract is suffering from a perfect storm of bad news - demand slump, the global coronavirus pandemic and a supply glut. Oil Goes Below Zero: What's Behind the Negative Pricing?
The following is a list of countries by exports of refined petroleum, including gasoline. Data is for 2023, in billions of United States dollars . Currently, the top 10 countries are listed according to Worlds Top Exports ranking.