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
Russia open to meeting with major oil-producing countries
Bills Insider - 2/11/2016 10:10:21 PM
The consultant said that $380 billion in major oil projects ... commentary. U.S production peaked at 9.6 million barrels a day last spring, but it has held steady at about 9.2 million or 9.3 million since. China consumes around 12% of world's crude ...
United States oil price drops amid resilient production
Laurel Leader-Call - 2/11/2016 4:05:17 PM
Oil prices rallied on Tuesday in Asia after a three-day sell-off that saw the USA benchmark sink back below $30 a barrel, but analysts warned the ongoing supply glut and world economic weakness ... the supplies from OPEC countries will increase up to ...
IEA: Global oil demand to decline considerably
SoloNews - 2/12/2016 12:33:31 AM
Global crude production is outpacing demand following a boom in US shale oil and after a decision by the Organization of the Petroleum Exporting Countries past year not ... Those gathered for the World Government Summit in Dubai offered no immediate ...
IEA Warns Global Oil Glut Could Worsen
Comment - 2/11/2016 10:38:59 PM
Global oil production by OPEC countries increased by 280,000 barrels a day, last month, to 32.63 million, the IEA said. "By that time, every storage tank and swimming pool in the world will be filled with oil", Mr. Dudley said, warning that a price ...
Oil slumps close to 13-year low in New York
Channel News Asia - 2/11/2016 9:27:24 PM
LONDON: World ... oil stocks fell about 800,000 barrels for the week ending Feb 5. But they soon dropped back as traders took note of higher supplies of gasoline, a rise in stocks at the key Cushing, Oklahoma trading hub and a scant drop in oil production.
India steel production to grow by 7% in 2016: Platts
ET Auto.com - 2/11/2016 10:36:00 AM
"In 2015, out of the 10 largest steel production countries in the world, nine saw production cuts ... This is tempered by a continued slowdown in steel demand from the oil and gas industry. In 2015, the US produced 78.9 MT of crude steel, a decline ...
Oil slumps close to 13-year low
Business Recorder - 2/11/2016 7:54:21 PM
LONDON: World ... oil stocks fell about 800,000 barrels for the week ending February 5. But they soon dropped back as traders took note of higher supplies of gasoline, a rise in stocks at the key Cushing, Oklahoma trading hub and a scant drop in oil ...
Oil's Geopolitical and Economic Connection
Economy Watch - 2/11/2016 7:11:24 PM
according to a report by the World Bank. Iran confirmed on January 18 that the country’s daily oil production of 2.9 million barrels would be immediately increased by half a million, and another million by the end of the year. In other words, Iran’s ...
Oil prices fall as US inventories hit record high, economic woes continue
Abruzzo Tv News - 2/12/2016 12:33:31 AM
USA oil price retreated Wednesday as data showed the oil production of the country fell less-than-expected. OPEC pointed to a larger oil supply surplus on the world market this year than previously thought as Saudi Arabia and other members pump more oil ...
FACTBOX-Oil production cost estimates by country
Reuters - 7/28/2009 5:19:37 AM
Those figures do not include the more expensive Orinoco oil from the country's sand deposits ... from various types of hydrocarbons in different parts of the world: Oilfields Estimated Production /source Costs ($ 2008) Mideast/N.Africa oilfields 6 ...
Oil price recovery will be short-lived, says IEA — Business Updates
tjcnewspaper.com - 2/11/2016 5:45:30 PM
World oil prices tumbled once more today ... Another 500,000 barrels a day would be added soon after. Although the country’s production levels fell below 2016 targets, it was an improvement of the 2015 production of 1.7 million barrels per day.
Russia's Sechin asks on oil output: Who is going to cut?
Reuters - 2/10/2016 12:31:43 PM
when asked if world oil exporters could reach consensus on cutting crude production, responded on Wednesday by asking which country would reduce their output. "Who's going to cut? Will the Saudis or Iran cut? Or should Russia cut alone?@ Sechin said to ...
Oil Market Oscillations And The Big Picture
Seeking Alpha - 2/11/2016 10:57:29 AM
Since June 2014, the global oil markets ... people in this world all want higher standards of living which means more mobility resulting in ever climbing levels of light and middle distillate demand as shown below by OECD and non-OECD countries.
World War C(rude)
The Daily Reckoning - 2/11/2016 9:13:05 PM
Remember, these countries may not have the wherewithal to increase production – so a lower oil price equals less money for them ... Daily Reckoning — a free and entertaining look at the world of finance and politics. The articles you find here on ...
Amid Low Oil Prices, OPEC's Divisions Deepen
econintersect.com - 2/10/2016 7:41:13 PM
When Riyadh looks at the world, its sees expanding output in Iraq, renewed production in Iran ... Given the fact that oil is the sole source of export revenues for many countries, political stability in those states will undoubtedly rise and fall alongside ...