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Monday, May 19, 2008

World Proven Oil Reserves

Among the world's proven oil reserves, Middle East has the largest share.

Among the Middle East's countries, Saudi Arabia has the largest pool of reserves. Its quite a norm to hear of different views from different OPEC members days before OPEC meeting.

Different countries representives have different views and agenda, some will say they will cut inventory, some will say inventory remains the same. This confuses oil investors. But it always the view from Saudi Arabia that carries the heaviest weight, because they own the biggest proven oil reserves in the OPEC memberships.

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