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What does MMBBL stand for?

MMBBL stands for Million Barrels (oil reserves)

This definition appears very frequently

Samples in periodicals archive:

Opec officials said the 11-member cartel is considering plans to raise production by between 1 million and 2 million barrels a day to ease the pressure on oil prices which have hit two-year highs in recent days.
The Saudis have the most oil and they are touting a bullish view, arguing world demand will rise by 2 million barrels a day next year and that OPEC should provide half of that.