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
World Bank Raises Oil Prices Forecast to $43
Thailand Business News - 7/27/2016 6:13:31 AM
The World Bank ... of agricultural production, movements in energy prices have been a major factor in the path of food prices, a special feature of the Commodity Markets Outlook says. Both energy and agricultural commodity exporting countries need to ...
World Bank ups 2016 oil price forecast but oversupply still persists
CNBC - 7/27/2016 6:49:19 AM
The institution noted oil prices jumped over a third in the second ... excess inventory was partly offset by new supply coming on-board. The World Bank said production from non-OPEC countries declined, but OPEC production rose, as Iran pumped vigorously ...
Stable Libya Could Put Global Oil Market Balances Under Risk
Eurasia Review - 7/27/2016 1:41:31 AM
In their weekly Oil Market report, obtained by Trend, analysts noted that an increase in volume of Libyan supplies to world crude markets has ... the restart of production in the east of the country looks closer now than at any time in the past year ...
Special Report: In Venezuela's murky oil industry, the deal that went too far
Reuters - 7/26/2016 10:10:56 AM
the world's largest crude reserve. The project was designed to shore up the OPEC country's stagnating oil production and ease an economic crisis. Then, out of the blue, a tiny Colombian trucking and trading firm with no relevant experience beat global ...
Oil prices fall to 3-month lows
CNN Money - 7/26/2016 1:24:12 PM
The world still seems to have more oil than it needs -- and the epic supply ... and Canada's massive wildfire in early May. Now that production has rebounded in both places, and other countries like Libya attempt a comeback, the supply problem has re ...
WORLDS MADE BY HAND
theburningplatform.com - 7/26/2016 11:29:40 AM
Having recently finished reading The Harrows of Spring, the fourth and final novel of Jim Kunstler’s World Made By Hand ... totally dependent upon technology, oil based transportation, and food supply from foreign countries. In the foreseeable future ...
Artificial Lift System – Industry Analysis by Type and Component - Forecast To 2021
EIN Newsdesk - 7/26/2016 12:26:56 PM
To provide historical and forecast revenue of the market segments and sub-segments with respect to four main geographies and their countries- North ... trend due to decline in oil reservoirs, increase in shale oil and gas production. However, strict ...
Oil industry vet: It’s ‘ax-sharpening time’
My West Texas - 7/25/2016 6:04:34 PM
Standing in the ballroom at Midland Country Club, Jim Gibbs looked out over a crowd that contained both oil industry veterans and those getting ... led to new drilling locations and a lot of new production from unconventional reservoirs, he said.
Oil market to grow despite changes in global energy mix
Saudi Gazette - 7/23/2016 9:05:54 PM
The report said the total global oil reserves today stands at around 2092 billion barrels, or 70 times the current production rate ... not Saudi Arabia, is the country with the largest volume of oil reserves in the world. As per the Rystad Energy estimates ...
Forests and Crops grow Hand-by-Hand in Costa Rica
Inter Press Service - 7/26/2016 6:53:29 PM
one country, Costa Rica, took a different path and it’s now a role-model for a peaceful coexistence between food production and sustainable forestry. UN Food and Agriculture Organization (FAO) flagship publication The State of the World´s Forest ...
The U.S. filed a WTO dispute to save jobs — by increasing imports from China. Here’s why.
Washington Post - 7/26/2016 8:59:21 AM
In the latest salvo against free trade, Donald Trump argued that the World Trade ... Exporting Countries in the 1970s is one example of countries exerting their influence over markets. In that case, it was a coordinated limit on oil extraction that ...
Tullow to Pump First Oil From Ghana’s TEN Project Early August
Bloomberg - 7/27/2016 6:42:09 AM
Tullow Oil Plc’s new project off Ghana will produce its first oil early next month after more than three years of development, cementing the company’s footprint in the African country. Production ... new developments in the world, Martin Kelly, senior ...
Systematically changing the world
Texas A&M Engineering Communications - 7/26/2016 8:33:42 PM
From the healthcare industry, to wind energy, the oil and gas industry and ... Network for the 21 st Century, countries worldwide invested $286 billion in renewable energy and about 7.7 million jobs around the world were associated with the industry ...
Crude Oil Markets Smell A Rat
Seeking Alpha - 7/26/2016 6:24:51 PM
Schlumberger (NYSE:SLB), the ... for oil in the third quarter was growing at less than a third of the rate than during the third quarter last year, as Reuters put it, "weighed down by anemic economic growth." The report blamed developed countries along ...
Oil & Gas Stock Roundup: Schlumberger, Halliburton Report Q2 Beats
NASDAQ - 7/26/2016 3:44:23 AM
It was a week where oil prices settled at their lowest ... demand with forecasts of hot weather across the country over the next few days. Recap of the Week's Most Important Stories 1. The world's largest oilfield services provider Schlumberger ...