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  • QatarEnergy enters 10-year naphtha supply agreement with Japan’s ENEOS Corporation

    QatarEnergy enters 10-year naphtha supply agreement with Japan’s ENEOS Corporation QatarEnergy has entered into a long-term agreement to supply ENEOS Corporation, a prominent refining and petrochemical company based in Japan, with up to 9 million tons of Naphtha over 10 years...

  • The International Energy Agency expects oil demand growth to slow in 2024

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  • The International Monetary Fund re-selects Kristalina Georgieva as its director

    The Executive Board of the International Monetary Fund has selected Ms. Kristalina Georgieva to fill the position of Director General, for a second five-year term beginning on October 1, 2024. The Board made this decision by consensus. The Council praised Ms. Georgieva’s strong and energetic...

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    The Dutch company Shell is expanding an...

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    The Global Water Expo section of the Italian Exhibition Group exhibition is expanding and brings...

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    Egypt could obtain the sixth and final part of its $ 12 billion three-year loan program, which...

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Oil & Gas Prices of Today

Crudes $/B
Brent 81.48
WTI 76.87
OPEC Basket 83.27
Natural Gas $/MMBTU
Natural Gas (Nymex) 2.657

Primary Energy Resources (%)

2019
(Share)
2020
(Share)
Oil 33.0% 31.2%
Gas 24.2% 24.7%
Coal 27.0% 27.2%
Nuclear 4.3% 4.3%
Hydro 6.4% 6.9%
Renewables 5.0% 5.7%
Total Resources 100% 100%

Top 10 World Oil Reserves

Countries Oil (Billion bbl) % of World total R/P ratio (Years of lifetime)
Venezuela 304 17.5 *
S. Arabia 298 17.2 69
Canada 168 9.7 82
Iran 158 9.1 121
Iraq 145 8.4 83
Russian F. 108 6.2 26
Kuwait 102 5.9 93
UAE 98 5.7 67
USA 69 4.0 11
Libya 48 2.8 108
Notes:
  • - Proved reserves as of 1.1.2021 (BP Annual Statistical Review of 2021)
  • - * more than 500 years
  • - Reserves include gas condensates and NGL’s as well as crude oil

Top 10 World Gas Reserves

Countries N. Gas (Trillion   CF) % of World total R/P ratio (Years of lifetime)
Russia fed. 1321 19.88 56
Iran 1134 17.07 131
Qatar 871 13.11 139
Turkmanstan 480 6.71 309
USA 446 6.71 14
China 297 4.47 47
Venezuela 221 3.33 238
Saudi Arabia 213 3.20 53
UAE 210 3.16 95
Nigeria 193 2.91 109
Iraq 125 1.87 -
Azribejan 88 1.33 -
Australia 84 1.27 -
Canada 83 1.25 -
Algeria 81 1.21 -
Kazakhistan 80 1.20 -
Egypt 76 1.14 -
kuwait 60 0.09 -
Norway 51 0.08 -
Libya 51 0.08 -
Notes:
  • - Proved reserves as of 1.1.2021
  • - Source:BP Annual Statistical Review of 2021
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