What are oil reserves?

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02-03-2022
Geography

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What are oil reserves?

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brandonmsingh5 brandonmsingh5 · Answer 1 · 2022-03-02T16:37:12+01:00

brandonmsingh5 brandonmsingh5

02-03-2022

Answer: Oil reserves denote the amount of crude oil that can be technically recovered at a cost that is financially feasible at the present price of oil. Hence reserves will change with the price, unlike oil resources, which include all oil that can be technically recovered at any price.

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