US oil reserves surpass those of Saudi Arabia and Russia
Jul 5th, 2016
by John Donovan.



Anjli Raval, Oil and Gas Correspondent: July 4, 2016
The US holds more oil reserves than Saudi Arabia and Russia, the first time it has surpassed those held by the world’s biggest exporting nations, according to a new study.
The US shale boom was a factor behind the recent oil price collapse that toppled the Brent crude benchmark from a mid-2014 high of $115 a barrel to below $30 earlier this year.
FULL FT ARTICLE
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Posted in: Oil, Oil Prices, OPEC, Russia, Saudi Aramco, Shale Gas, Shale Oil, United States.
Tagged: Gas · Oil · Oil Prices
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