Thursday, June 9, 2011

World oil reserves rise in 2010

World oil reserves increased again last year as the global oil found more new oil than it used, BP said on Wednesday. BP said in its annual Statistical Review of World Energy that global proven oil reserves have risen by 6 billion barrels to 1.383 trillion barrels at the end of 2010. Oil production meanwhile rose to 82 million barrels of oil per day, or an annual total of 29.9 billion barrels. The world's gas reserves also rose only slightly to 187.1 trillion cubic metres from 186.6 trillion in 2009. While global gas consumption grew by 7.4 % in the year 2010 to 3.169 billion cubic metres (bcm) - the biggest rise since 1984 - gas output also recorded a 7.3 % rise to 3193.3 bcm. reuters