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, 2014See also: Oil - production map
Iran strives to join the world shale oil club
Oil Voice - 5/3/2016 9:20:14 AM
Having no shale oil production experience Iran may attract the US skilled ... This Trio owns almost half of the total world shale oil reserves. Additionally 36 countries in the world own technically recoverable shale oil reserves but in fact there are ...
The World's Great Oil Producers Are Watching the Power They've Held for Decades Suddenly Fade Away
Alter Net - 5/3/2016 3:43:47 AM
The leaders of these countries were well aware of one thing ... we are indeed entering a new world in which, among other things, the titans of oil production will no longer hold sway over our lives as they have in the past. This, in fact, appears to ...
Briggs: U.S. oil and gas production numbers tell the story
The Daily Advertiser - 5/2/2016 9:07:06 AM
The Organization of Petroleum Exporting Countries (OPEC) has been dominating the price structure for oil for several decades ... MORE OPINION: Ensuring U.S. offshore energy production is the safest in the world Don Briggs (Photo: Submitted photo) As ...
World Bank raises forecast for crude oil prices
Ghana Web - 5/2/2016 2:29:13 PM
The World Bank is raising its 2016 forecast for crude oil prices to $ 41 per barrel from $ 37 per ... Nigeria and a decline in non-organisation of the Petroleum Exporting Countries production, mainly United States sale. It indicated a proposed production ...
Uganda: Hope for oil production by 2018 after pipeline deal
Quadrangle - 5/1/2016 9:44:05 AM
Kenya's deposits in the South Lokichar Basin in the north of the country could rise to 1 billion barrels ... It would also be the longest heated oil pipeline in the world; Uganda's crude oil is waxy in nature, which means the pipeline will have to be ...
World Bank raising its 2016 forecast for crude oil prices
newsghana.com.gh - 5/2/2016 12:20:22 PM
In a statement made available to the Ghana News Agency by the World Bank’s Online Media Briefing Centre (OMBC), it said improving market sentiment and a weakening dollar was responsible for its position. It said the crude oil market rebounded from a low ...
Global trade of LNG rises, crude oil recovers
Tri-County Sun Times - 5/2/2016 10:33:00 AM
The Organization of Petroleum Exporting Countries will resume talks at a meeting in June ... After snuffing talks to freeze world oil production at a key meeting in the Qatari capital of Doha last weekend, Saudi Arabia said Thursday the door "remains ...
Oil Prices Dip Again as World Output Reaches Historic Levels
teleSUR - 5/2/2016 5:28:11 PM
Oil prices fell about 2 percent on Monday as production from the Organization of the Petroleum Exporting Countries, or OPEC, was close to all time peaks and record speculative buying in global benchmark Brent sparked profit-taking on last month's outsized ...
Oil prices rebound in Asia but gains limited by glut fears
India - 5/3/2016 5:09:41 AM
Iran has been ratcheting up its production since Western sanctions on the country were lifted in January following ... of US stockpiles data tomorrow to gauge demand in the world’s top oil consumer.
Oil prices fall amid rising production
Post - 5/2/2016 9:35:44 AM
Singapore/Kitaktushu: Oil prices fell today as rising production in the Middle East outweighed a decline ... Liquidity was low due to May Day holiday in many countries. Analysts said rising output from the Organization of the Petroleum Exporting Countries ...
Goodbye to the Old Oil Order
Truthdig - 5/2/2016 12:49:00 PM
The world’s leading oil producers were expected ... Meeting in Doha, the glittering capital of petroleum-rich Qatar, the oil ministers of the Organization of the Petroleum Exporting Countries (OPEC), along with such key non-OPEC producers as Russia ...
Can Oil Continue To Rally? An Interview with the IEA's Neil Atkinson
NASDAQ - 5/2/2016 8:02:41 AM
Also, any sustained increase in oil prices will encourage production from relatively high cost areas ... the largest increase out of any other country in the world. Given that Iraq has forced energy analysts to routinely downgrade their assessments ...
Oil Prices Regain Ground After Failed Doha Production-Freeze Talks
Abruzzo Tv News - 5/2/2016 4:38:04 PM
"They are trying to portray Iran as the country responsible for the instability in the oil market", he said. Crude oil prices were sharply lower Monday, a day after a production meeting ... would ease a huge surplus in world supplies, because of a boycott ...
Kachikwu retains hope in OPEC's failed oil freeze
farandulife.com - 5/2/2016 11:01:38 AM
Russian Federation - the world's third-largest oil producer after Saudi ... "There will be increasing production by Iran as planned, Libya might return, Iraq might also increase, but otherwise most of these countries already produce what they can".
Hardening of oil prices
The Tribune India - 5/2/2016 7:37:02 PM
The largest hike is from Iran which is trying to reach the same production levels as prior to the imposition of the oil embargo. With world inventories still ruling ... These developments are all good news for India. A country which has had an oil import ...