Definition: This entry is the total oil produced in barrels per day (bbl/day). The discrepancy between the amount of oil produced and/or imported and the amount consumed and/or exported is due to the omission of stock changes, refinery gains, and other complicating factors.
Source: CIA World Factbook - Unless otherwise noted, information in this page is accurate as of January 1, 2012See also: Oil - production map
Goldman Sachs Warns Oil Rally Premature
FX Empire - 5/25/2015 5:02:29 AM
Spending on some of the world’s largest projects ... demands from for reduction in amount of oil pumped, yet even officials from countries which favor a curb see it as unlikely. OPEC is unlikely cut its production ceiling when the group meets in June ...
Iranian Minister Says OPEC Production Cut 'Unlikely'
Radio Free Europe - 5/24/2015 8:31:15 AM
Iran's oil minister has said that OPEC is unlikely to cut oil output when the group of oil-exporting countries meets ... meeting that OPEC could cut production to boost flagging global oil prices. Saudi Arabia, one of the world's leading oil producers ...
Adnoc research & development budget unaffected by dropping oil prices
Gulf News - 5/24/2015 4:09:23 PM
The UAE government had announced that it will continue to invest in the oil and gas sector to increase oil production to 3.5 million barrels per day (mbpd) by 2017. The country currently ... “The new centre will be world class and we’ve brought in ...
Iran's oil minister says OPEC unlikely to change output ceiling
The Jerusalem Post - 5/24/2015 8:45:34 AM
DUBAI - OPEC is unlikely to change its production ceiling when the group ... The Organization of the Petroleum Exporting Countries will meet on June 5. At its last meeting in November, OPEC, led by oil kingpin Saudi Arabia, decided against cutting output ...
OVL crawls as Chinese firms race to pick up oil fields
Financial Express - 5/24/2015 6:39:43 PM
Ehsan Ul-Haq, a senior market consultant at KBC Energy Economics in London, points out that China has become the largest oil importer in the world with ... are trapped in war-torn countries. OVL had registered the highest ever production of 9.45 mtoe ...
Iran's Oil Minister Says OPEC Unlikely To Change Output Ceiling: Mehr News Agency
International Business Times - 5/24/2015 8:09:47 AM
The Organization of the Petroleum Exporting Countries (OPEC) is unlikely to change its production ceiling when the group meets in June, Iran’s Oil Minister Bijan Zanganeh ... in reaching a final deal with six world powers over its nuclear program.
Will The World's New Swing Oil Producer Stand Up?
Forbes - 5/15/2015 12:02:22 PM
In three weeks, the Organization of Petroleum Exporting Countries will meet in Vienna for the first time since November, when OPEC decided not to cut production, sending the price of crude oil plummeting. With Brent crude oil having rebounded in recent ...
World Bank Updated Forecast Predicts 2016-17 Kazakh Economic Growth Recovery
astanatimes.com - 5/22/2015 3:35:58 PM
ASTANA –The spring 2015 edition of the biannual Kazakhstan Economic Update of the World Bank titled “Kazakhstan – Low Oil Prices; an Opportunity to Reform” forecasts a positive economic scenario for the country ... that oil production will remain ...
These Factors Could Push Oil Prices Higher
Oil Price - 5/24/2015 10:57:24 PM
a sign of a strengthening in the country’s industrial production. Such activity needs energy, and China is the world’s largest net importer of oil. A third reason appears to be the continued fighting in Iraq. ISIS, also known as the Islamic State ...
Qatar - EAA attends World Education Forum
MENAFN - 5/24/2015 6:00:56 AM
The Incheon Declaration, signed in culmination of the World Education Forum held in Incheon last week ... Saudi Arabia has been pushing for increasing its oil production without stopping at any level. Last month, it produced 10.3
Oil Trades Sideways as Markets Weigh Demand, Supply Metrics
NASDAQ - 5/25/2015 4:41:00 AM
two of the world's largest oil consumers, have helped support oil prices in recent weeks. China's transportation demand remains strong, helping keep oil demand growth above 8% for a second month, Standard Chartered analysts said. The country's crude oil ...
Iran says OPEC unlikely to change production ceiling at June meeting
Big News Network - 5/25/2015 2:32:09 AM
He said that oil production should be cut by approximately 1.5 million barrels per day in order to support a recovery of the oil price. The Organization of the Petroleum Exporting Countries will ... of a final deal with six world powers over its nuclear ...
4 things to be aware of before buying oil producers
Motley Fool Australia - 5/25/2015 5:09:38 AM
According to May’s IEA report, The Organisation of Petroleum Exporting Countries (OPEC) lifted its April production to 31.21 ... this situation that has the world’s major producers fearing we could see a global oil shortage from 2020 or so.
What countries lose when oil prices drop
CNBC - 11/4/2014 3:11:17 AM
countries around the world that rely on oil revenues are bracing for an imminent economic and budget hit. The price plunge comes as a slowing global economy cuts into the demand for oil. At the same time, expanded production—including rising output from ...
Uganda oil sales still way ahead
busiweek.com - 5/24/2015 4:38:01 PM
KAMPALA, Uganda - It will take a number of years before Ugandans will see any substantial revenues from oil production ... policies for local sourcing used in the world. It includes ample examples of other countries experiences with developing their ...