Rystad Energy is an independent oil and gas consulting services and business intelligence data firm offering global databases, strategy consulting and research products. Rystad Energy’s… According to Rystad Energy analysis, global recoverable oil now totals an estimated 1,572 billion barrels. Global recoverable oil reserves fell by 152 billion barrels compared to 2021. The drop in reserves is driven by the 30 billion barrels of oil produced last year, plus a significant reduction in undiscovered resources. Following publication of BP’s annual Statistical Review, each year Rystad Energy releases our own analysis of the global energy landscape to provide an independent, data-based comparison and evaluation. Continuing the trend from previous years, Rystad Energy’s 2022 review shows a sizeable drop in recoverable oil resources in what could deal a major blow to global energy security. According to Rystad Energy analysis, global recoverable oil now totals an estimated 1,572 billion barrels, a drop […]