#Oil Reserves

kuwait

Kuwait announces ‘giant’ oil discovery

The initial estimated area of the newly discovered oil well is around 96 square kilometres

Saudi oil minister

Saudi Arabia announces discovery of seven oil, gas deposits

Saudi Energy Minister Prince Abdulaziz bin Salman confirmed the discovery by state oil firm Saudi Aramco

chevron

Chevron to buy Hess for $53bn in latest oil mega-merger

The combined companies expect to generate about $1bn in cost synergies within a year of its closing

Top 10 countries with the world’s largest oil reserves

The oil market has been hit hard in 2020, with prices plummeting to record lows