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
OPEC's Falling Oil Prices: Russia's Putin Tells Venezuela's Maduro Their Countries Must Team Up
International Business Times - 9/3/2015 10:47:59 AM
Both Venezuela and Russia's economies depend on oil, but to date Moscow has refused to cut production in order to bolster global prices. Falling prices have also sparked concerns among the Organization of the Petroleum Exporting Countries, or OPEC ...
Saudi Arabia just thwarted an attack on the world's largest oil-processing facility
The Business Insider - 9/4/2015 3:33:08 PM
Saudi’s national oil company, Aramco, owns the Abqaiq plant in the country’s eastern ... Saudi Arabia is the world’s largest oil exporter, averaging 8 million barrels per day, and its oil-production operations have been repeatedly targeted by ...
Russia will not cut oil production: Deputy PM
Money Control - 9/4/2015 4:51:52 PM
Russia will not cut oil production, Arkady Dvorkovich ... Signs of weakness in China's economy, the world's second biggest, and wild swings in the country's stock market have rattled global markets in recent weeks. Commenting on the global impact of ...
ONGC, Oil India under pressure to raise output, make profit despite crude price slide
Economic Times - 9/4/2015 10:42:38 PM
The marginal decline in India's oil and gas production in 2014-15 has continued in the four months of the current fiscal year, posing a challenge to Prime Minister Narendra Modi's plan to cut the country's ... What's required is a world-class licensing ...
Oil Investing After Iran Sanctions are Lifted
Energy and Capital - 9/4/2015 5:13:21 PM
On Wednesday, Senator Barbara Mikulski of Maryland announced that she would be voting in favor of the deal that's rankled hardliners, war hawks, and oil investors throughout the world ... and the country will begin a massive ramp up in oil production.
Britain can't afford to write off North Sea oil after 40 years
Daily Telegraph - 9/5/2015 12:08:32 AM
And this is why the country cannot afford to give up on its ... However, with the industry having to adapt to the realities of falling world oil prices and the vast cost of decommissioning oil production facilities, the review has arguably come a decade ...
Energy Tsar: Russia Targets One Third Increase In Oil Output In 20 Years
Rigzone - 9/4/2015 6:03:27 PM
"Our position is that Russian annual oil production in the future may reach 700 million tonnes (14 mln bpd) and higher," Igor Sechin, Chief Executive of the world's top listed ... counterpart this week. The two countries did not reach agreement on measures ...
OPEC Will be the Winners of 2015's Oil Price War
Ship Bunker - 9/4/2015 7:12:03 AM
The International Energy Agency (IEA) says with supplies outside the Organization of the Petroleum Exporting Countries (OPEC ... Last year, due to growing output from U.S. shale oil producers, OPEC’s world oil market share is said to have dwindled ...
Petroamerica - Huge Opportunity Despite The Oil Crash
Seeking Alpha - 9/3/2015 10:19:21 AM
This is where the world was a year and a half ago ... production has been fluctuating up and down, Colombia's production has been growing steadily upwards. Since oil is expensive to transport, countries tend to prefer using 'home-grown' oil.
Changing US oil dynamics and cheaper gasoline
Fuel Fix - 9/4/2015 1:38:36 PM
Elsewhere in the world today ... agreed to continue talks between OPEC and non-OPEC oil producers to try to come up with initiatives to stabilize oil prices. He did add, however, that the two countries are not necessarily pushing for a coordinated cut ...
Russia is the key to getting Saudi oil output cuts: Analyst
CNBC - 9/4/2015 4:44:43 PM
Russia could be the key to unlocking production cuts from top ... Russia is the world's third largest oil producer. It is not a member of the Organization of the Petroleum Exporting Countries. Oil and natural gas sales accounted for 68 percent of Russia's ...
Oil Revenue Disappoints Gov't
Modern Ghana - 9/4/2015 10:39:38 AM
The continuous fall in the price of crude oil on the world market has sent shivers down the spine of government officials. Government's plans of receiving more cash from crude oil production this ... shocks for net importer countries have already started ...
Iraq Oil Output Will Decline Starting 2018, Says Morgan Stanley
businessweekme.com - 9/3/2015 11:38:06 AM
Islamist Militants Iraq, with the world’s fifth-biggest oil reserves, has been rebuilding ... last year as the Organization of Petroleum Exporting Countries defended market share against booming production in the US. With oil prices down 41 per cent ...
Fired regulator: Brown pushed to waive oil safeguards.
Olean Times-Herald - 9/4/2015 11:22:35 AM
The U.S. Environmental Protection Agency has now given the state until 2017 to resolve what state officials conceded were more than 2,000 permits the state improperly gave oil companies to inject oilfield production ... the country's fourth-biggest oil ...
An OPEC Editorial Triggered Crude Oil Spike
Live Trading News - 9/4/2015 1:42:46 AM
Neither country is in a position to really commit to a production cut, in our view,” he wrote ... could push a sizable volume of additional Crude Oil onto world markets very soon. Tehran already signaled that sights will be fixed primarily on Asia ...