February 2017
Special Focus
U.S. oil reserves fall for first time in seven years
According to the U.S. Energy Information Administration (EIA), U.S. crude oil and lease condensate proved reserves dropped 4.7 Bbbl in 2015. This represents an 11.8% decline, from 39.9 Bbbl to 35.2 Bbbl. This was the first drop in crude oil and lease condensate reserves since 2008.
