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
Saudi Arabia has a 'solution' to the global surplus of oil
Al Bawaba - 4/26/2015 5:01:05 AM
The world's biggest oil exporter ... who has stressed that his country won't cede market share to higher-cost producers, said in the capital Riyadh on April 7 that production was at 10.3 million barrels and would remain close to that.
Shale as world's swing producer signals 'jagged' oil future
New Zealand Herald - 4/26/2015 5:25:32 PM
With OPEC ceding control for the first time since the 1980s, U.S. shale oil has been anointed the world's new ... Saudi Arabia boosted production by 658,800 barrels a day to 10.294 million in March, according to data the country submitted to the ...
Increased U.S. oil production keeping gas prices lower, fuel company prez says
bakken.com - 4/24/2015 11:54:28 PM
For example, Blackwell said if a nuclear treaty is completed with Iran, that country in 2016 could start oil production and add “3 million barrels per day” to an already oversupplied world oil market. “This big increase has only happened in the last ...
Countries and Oil Companies Agree to End Routine Gas Flaring
The World Bank - 4/17/2015 1:32:50 PM
... today with senior government officials from several oil-producing countries to commit, for the first time, to ending the practice of routine gas flaring at oil production sites by 2030 at the latest. Every year, around 140 billion cubic meters of ...
Oil, Currencies And Diverging Monetary Policies: The Global Economy
investing.com - 4/26/2015 7:31:24 AM
Although growth is expected to be around 3.5%, the picture varies by region and country The world ... oil in the United States added 1.4m barrels per day (b/d) in 2014, which was much more than expected. In addition, OPEC decided to maintain its production ...
Saudi’s Will Undermine Rival Oil Producers, Pump More
Live Trading News - 4/26/2015 5:36:52 AM
Saudi Arabia response to the global supply glut of Crude Oil ... Countries) boosted output to 10.1-M BPD March, close to an all-time high, the International Energy Agency (IEA) reported on 15 April. Saudi Oil Minister Ali Al-Naimi said on & April that ...
April oil price gains confound predictions – but volatility ahead
The National - 4/26/2015 11:13:19 AM
The world benchmark North Sea Brent crude oil futures ... for example, production in both Libya and Iraq was significantly higher last month, according to the International Energy Agency, even though fighting in both countries intensified.
Like shale oil, solar power is shaking up global energy
Yahoo Finance - 4/26/2015 3:49:30 AM
SINGAPORE/TOKYO (Reuters) - One by one, Japan is turning off the lights at the giant oil-fired power plants that propelled it to the ranks of the world's top industrialised ... that have dominated electricity production since the 1950s.
Oil market trades mixed before weekend
MENAFN - 4/25/2015 7:54:04 AM
The new wave of strikes killed at least 23 rebels as the World Health Organisation said the overall death toll from fighting since late March topped 1,000. Yemen is not a major oil-producing country ... signs that US crude production is easing.
FACTBOX-Oil production cost estimates by country
Reuters - 7/28/2009 5:19:37 AM
July 28 (Reuters) - The cost of pumping ... other individual countries, obtained from traders and industry analysts. It also gives the International Energy Agency's more general assessment of costs for the oil-producing regions of the world.
Like shale oil, solar power is shaking up global
Times of India - 4/26/2015 5:54:10 PM
Japan is now one of the world's four largest markets for ... monopolies that have dominated electricity production since the 1950s. Japan is retiring nearly 2.4 gigawatts of expensive and polluting oil-fired energy plants by March next year and switching ...
Are low oil prices here to stay?
Brookings - 4/23/2015 11:55:39 PM
With mounting fiscal deficits in some of the MENA countries, the only solution is to ... world's largest gas producer and is on course to become the world's largest oil producer. Its crude oil production increased by 16.2 percent (1.6mbd) in 2014, the ...
Top 10 oil and gas producing countries in 2012
Mining - 6/14/2013 10:46:25 PM
World oil production ... with 395 million tonnes of oil produced last year. Eight out of 10 countries increased their oil output and only two — Iran and Mexico — fell. The US is the leader in terms of oil production growth in 2012 (+14%), whereas ...
Oil and gas earnings could herald third wave of cutbacks
Globe and Mail - 4/26/2015 8:03:01 PM
Major oil and gas companies will begin rolling out financial ... The rout accelerated in November after members of the Organization of Petroleum Exporting Countries stood pat on production quotas. It has since spread through all quarters of the fossil ...
Tribunal tells Ghana to suspend new oil drilling in disputed waters
Yahoo News - 4/25/2015 10:05:54 PM
The maritime border between the two countries cuts through offshore ... Ivory Coast, which is the world's largest producer of cocoa, is looking to boost its existing offshore oil production as well as to encourage a revival of its mining and agriculture ...