+

Cookies on the Business Insider India website

Business Insider India has updated its Privacy and Cookie policy. We use cookies to ensure that we give you the better experience on our website. If you continue without changing your settings, we\'ll assume that you are happy to receive all cookies on the Business Insider India website. However, you can change your cookie setting at any time by clicking on our Cookie Policy at any time. You can also see our Privacy Policy.

Close
HomeQuizzoneWhatsappShare Flash Reads
 

Here's How Much Oil The World's Biggest Oil Players Are Sitting On

Dec 18, 2014, 22:27 IST

RBC

This chart from RBC Capital Markets' Helima Croft shows the proven oil reserves for the big oil-producing countries around the world. 

Advertisement

Despite Saudi Arabia's huge reserves, RBC writes that "a policy of keeping prices low for the prolonged period needed to put US shale producers out of business would essentially eliminate the country's reserves. According to the IMF, if oil prices fall $25 below the Fund's $100-$105 reference case, with no spending adjustment, Saudi government reserves will be entirely depleted by 2018."

If the Saudis are screwed by 2018, every other country on this list that relies heavily on oil revenue to balance its budget is probably going to see reserves depleted before then.

You are subscribed to notifications!
Looks like you've blocked notifications!
Next Article