Previous Saudi DiscussionsI have been writing articles about Saudi Arabia for about 15 years. One popular article suggested Saudi oil production would be below seven million barrels per day and falling every year by 2010. Sources told Reuters that "the independent external audit has found the proven oil reserves to be at least 270 billion barrels." ConclusionsIn no way does this exercise prove that Saudi reserves are 270 billion barrels. In summary, while I have not proven that Saudi has 270 billion barrels of proved oil reserves, I think the evidence points in that direction.

Source: Forbes February 17, 2019 23:00 UTC