When plans for Qatar to create a €50 m euro fund to invest in some of Paris's poorest suburbs emerged last month, the French political right and left united in disapproval. Yet the reaction shows a fundamental misunderstanding of the way Qatar operates globally and what it is trying to achieve.» Read More
The 13th International Energy Forum (IEF) kicks off on Tuesday in Kuwait City, bringing to the table energy ministers from 88 countries around the world representing some 90 percent of global supply and demand
With the most recent data from the Energy Information Administration and the CIA World Factbook, here are the countries with the biggest proven oil reserves.
The International Energy Agency says Libyan oil exports have "ground to a halt" because of the fighting between rebels and forces loyal to Libyan leader Moammar Gadhafi.
Saudi Arabia has handed out about $37 billion, while Oman, Bahrain, Libya and Kuwait have boosted domestic spending up to 4 percent of GDP. The result is the sovereign wealth funds are less able to invest overseas.
Throughout the recent unrest in the Middle East, virtually no oil production has been affected, save in Libya, Sara Akbar, CEO of Kuwait Energy, told CNBC Tuesday.
With data from the Energy Information Administration (EIA), a division of the Department of Energy, CNBC.com took a look at the countries that produce the most crude oil on a daily basis.