Dateline 2025-08-15, The Edge Malaysia:
KUALA LUMPUR (Aug 15): The global amount of discovered, recoverable oil resources has increased by five billion barrels in 2024, even though 30 billion barrels were produced globally in the year, according to Rystad Energy’s latest research.
In a statement, the global independent research and energy intelligence company said this net increase was driven primarily by the delineation of upside potential in Argentina’s Vaca Muerta play and the Permian Delaware basin in Texas and New Mexico, the United States.
“Global recoverable oil resources, including estimates for undiscovered fields, stabilised at approximately 1.5 trillion barrels,” it said.
…
Wata - Malaysian Oil and Gas Engineer 