Market Talk – January 24, 2025
ASIA: The major Asian stock markets had a mixed day today: • NIKKEI 225 decreased 26.89 points or -0.07% to 39,931.98 • Shanghai increased 22.46 points or 0.70% to 3,252.63 [...]
Another major discovery of oil has been made in Alaska of 1.2 billion barrels. It is the largest find of conventional oil for 30 years on US territory. The discovery was made by the Spanish oil company Repsol on Thursday with its US partner Armstrong Energy. According to a report from the company, the production potential is up to 120,000 barrels of oil per day, and production is scheduled to start in four years. This will probably increase the US standing to overtake Nigeria entering the list of top ten.
Rank | Country | Barrels (bbl) |
---|---|---|
1 | Venezuela | 298,400,000,000 |
2 | Saudi Arabia | 268,300,000,000 |
3 | Canada | 171,000,000,000 |
4 | Iran | 157,800,000,000 |
5 | Iraq | 144,200,000,000 |
6 | Kuwait | 104,000,000,000 |
7 | Russia | 103,200,000,000 |
8 | United Arab Emirates | 97,800,000,000 |
9 | Libya | 48,360,000,000 |
10 | Nigeria | 37,070,000,000 |
11 | United States | 36,520,000,000 |
12 | Kazakhstan | 30,000,000,000 |
13 | Qatar | 25,240,000,000 |
14 | China | 24,650,000,000 |
15 | Brazil | 15,310,000,000 |
16 | Algeria | 12,200,000,000 |
17 | Mexico | 9,812,000,000 |
18 | Angola | 9,011,000,000 |
19 | Ecuador | 8,832,000,000 |
20 | Azerbaijan | 7,000,000,000 |