• ADNOC L&S Takes Delivery of Fourth New-build LNG Carrier

    ADNOC Logistics & Services plc (ADNOC L&S / the Company) (ADX symbol ADNOCLS / ISIN AEE01268A239), a global leader in integrated maritime energy logistics, has taken delivery of ‘Al Sadaf,’ the fourth of six new-build liquefied natural gas (LNG) carriers from the Jiangnan Shipyard in...

  • Italy’s Saipem wins offshore contract in Qatar for about $4 billion

     Italy’s Saipem (SPMI.MI), opens new tab said on Sunday it had been awarded an offshore engineering, procurement, construction and installation (EPCI) contract by QatarEnergy LNG in partnership with China’s Offshore Oil Engineering Co (COOEC) (600583.SS), opens new tab . The...

  • Nasiriya and Gharaf Gas Project to Begin Ops in 2027

    The Ministry of Oil has confirmed that operations at the Nasiriya and Gharaf gas fields project will begin on schedule in the first quarter of 2027. In a statement, it said the installation of specialised equipment has begun, in collaboration with Baker Hughes. China Petroleum Engineering...

  • Algeria’s Gas Production Surges in October, Maintaining Record Levels

    Algeria’s natural gas production experienced a significant boost in October 2025, marking a 4.4% increase compared to the same period last year. This surge translates to an additional 337 million cubic meters of gas produced, reinforcing Algeria’s position as a key energy supplier. According to...

  • The 115th Meeting of the Council of ministers of the Organization of Arab Petroleum Exporting Countries (OAPEC)

    Chaired by his excellency the minister of oil, Mr. Tareq suleiman Al- Roum and with participation of their Highnesses and excellencies the council of ministries of the organization of Arab Petroleum Exporting Countries (OAPEC) held its 115th meeting on Sunday, 14 December 2025 in the state of...

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Articles


Oil & Gas Prices of Today

Crudes $/B
Brent 61.16
WTI 57.75
OPEC Basket 61.22
Natural Gas $/MMBTU
Natural Gas (Nymex) 3.758

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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