Proven oil reserves is hard to fake. Theres no reason to fake oil reserves anyway as only crude out of the ground affects supply side pricing. Discovering another trillion bbls underground doesnt lower the price at all.

Cuts are opec wide. Not just sauds, everyone participates.

Peak oil is misinfo campaign. Everytime oil prices get too high, it justifies the need for new “discoveries” and people go dig for it in the ocean.