petroleum reserves

Petroleum reserves are accumulations of crude oil stored beneath the Earth's surface, which can potentially be extracted and used as fuel. These reserves are categorized into proven reserves—amounts that are confirmed and economically feasible to produce—and unproven reserves, which are less certain. Factors like technological advancements, market demand, and extraction costs influence the accessibility and development of these reserves. They are vital for energy supply, powering transportation, industries, and homes. Managing reserves responsibly ensures energy security while addressing environmental considerations related to extraction and consumption.