World's Richest Nations' Oil Reserves Hit Lowest Since Former US President George W. Bush Era

Washington DC. The oil reserves of the world's rich nations have fallen to their lowest level since the time former US President George W. Bush was in power. This has been mentioned in a report released by the US Energy Information Administration (EIA) on Tuesday.

According to the EIA, global oil reserves are estimated to decrease by 6.3 million barrels per day in the current quarter. A further decrease of 7.66 million barrels per day is expected in the third quarter.