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The evolution of global oil reserves According to production and price changes For the period (1985-2011) | ||
| Al Kut Journal of Economics Administrative Sciences | ||
| Article 1, Volume 0, Issue 17, 2018, Pages 175-198 | ||
| Abstract | ||
| Abstract : Summarized of this study is the changes in the estimates the world reserves of crude oil for the period (1985-2010) versus the changes that have been achieved in the fields of production and prices of crude oil in the oil markets which appeared by the different regional groups whether as they producers or the consumers . the study found that world oil reserves is moving towards to the increase compared to the increasing in prices, in other side the world production of crude oil developed to increase with the increasing which achieved in the estimation of reserves with the different rates and for different groups. The effect of this changes toward increasing was more obvious for the group(OPEC)compared group(OECD)and(Non OECD + OPEC | ||
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