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
Oil Price Tops $50 As Canada Fires Fuel Recovery
Lucena Informacion - 5/28/2016 1:01:07 PM
World oil prices dipped Friday, with traders taking profits after crude rose above the psychological $50 level this week on evidence of a fall in supplies. Wildfires in Canada are reported to have slashed a quarter of the country's oil production by about ...
Italy: New GE Oil & Gas Plant Employs First Fully Automated Production Line, Operated by Robots
3dprint - 5/25/2016 11:56:05 PM
3D printing is taking the world by its ... for low batch production—or best of all, that affordability factor. When it comes to self-sustainability, we often discuss that in terms of positive benefits for developing countries as they begin using and ...
Trump talks energy in anxious oil country
Tri-County Sun Times - 5/27/2016 9:01:55 PM
Trump called him "one of the great oilmen of the world". Until Thursday, Trump had been short on details of his energy policy. Moratoriums on energy production in federal areas will be lifted. The GOP candidate said he'd undo some of Obama's efforts ...
Libya’s Economic Crisis: Bringing the Oil Sector Back on Track
The Jamestown Foundation - 5/27/2016 5:45:39 AM
Getting Libya’s economy back on track is fundamental to the country’s future ... Real GDP shrank by 10 percent, according to World Bank figures, having dropped by 24 percent in 2014. In 2015, oil production fell to 0.4 million barrels per day (bpd ...
Why Predicting Oil Prices Is Hard
Forbes - 5/28/2016 8:29:06 AM
Global oil production still has some expansion left, but if it slows before 2020 and demand in developing countries continues to grow at the ... during the last week of January The Economist wrote: The world is drowning in oil. Saudi Arabia is pumping ...
Oil faces struggle to keep above $50, as OPEC looms
Times of India - 5/27/2016 10:34:58 PM
World oil prices may struggle to sustain a push beyond ... now eyeing next week's meeting of the Organization of Petroleum Exporting Countries (OPEC) in Vienna to discuss world production levels. "There is probably a sliver of hope that OPEC producers ...
World oil prices back at $50
PasionSport - 5/27/2016 12:09:13 AM
Talks in recent months between the Organisation of Petroleum Exporting Countries and Russian Federation about freezing oil production had already helped prices recover. However, some analysts believe that oil's recent rise is not going to last given that ...
Opec forced to accept new reality on oil prices
The National - 5/28/2016 6:34:34 AM
Other Arabian Gulf countries are also seeking to increase production capacity ... many extra barrels being produced and it is clear the centre of gravity of the world oil market will shift towards the region. This reality will weigh heavily in the ...
Who Are the Niger Delta Avengers, Nigeria's New Oil Militants?
News Week - 5/27/2016 1:30:56 PM
The upsurge in attacks by the group has coincided with a dramatic fall in oil production ... African country’s most vital industry. Recent events suggest that the NDA is likely to pose an economic, as well as a security, threat to one of the world ...
Oil prices fall back after breaching $50
Gulf News - 5/28/2016 11:20:54 AM
LONDON: World oil prices slid on Friday ... now eyeing next week’s meeting of the Organisation of the Petroleum Exporting Countries (Opec) in Vienna to discuss world production levels. “There is probably a sliver of hope that Opec producers will ...
Oil prices slip from $50 level
Business Recorder - 5/27/2016 9:52:01 PM
NEW YORK: World oil ... production levels as a reason for the cautious market action. "I don't think anybody wants to trade with too much risk here," he said. Most analysts predicted the June 2 meeting of the Organization of the Petroleum Exporting ...
How Will Oil Traders Respond To The $50 Price Level
bilbaoya.com - 5/28/2016 10:02:10 AM
LONDON (AP) - Stock markets around the world ... the rise in oil prices to $50 a barrel for the first time this year as a positive sign for the global economy. An uncontrollable wildfire in northern Alberta has reduced Canada's oil production by more ...
Turnaround for ND economy? Oil prices break $50 barrier
Quadrangle - 5/27/2016 4:29:54 PM
"We will resort to any move to regain Iran's lost share in the oil market and increase the country's production to four million bpd", Zangeneh has been quoted by the media as saying. But OPEC member Iran, which only returned to world markets in January ...
Local leaders back militants hitting oil production
Cinema Blaze - 5/28/2016 4:21:33 PM
"To IOCs, Indigenous Oil Companies and the Nigerian military; watch out, something big is about to happen and it will shock the whole world", it said ... the affected lines were strategic to the country's oil production. NDA said it was infuriated by ...
Oil gains on inventory data, lifts stocks
Senegal Actu - 5/27/2016 9:56:12 AM
Oil prices climbed to just shy of $50 a barrel on Wednesday after a sharper-than-expected fall in crude inventories, lifting energy shares and world stock markets ... the Petroleum Exporting Countries - are likely to keep production high.