Reserves grow modestly as crude oil production climbs


The world’s crude oil and condensate reserves total 1.656 trillion bbl at yearend 2015 compared with 1.654 trillion a year earlier, according to Oil & Gas Journal’s annual assessment. Total natural gas reserves are 6.95 quadrillion cu ft, up 30.7 tcf from those reported a year ago.

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Source: Oil Gas Journal


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