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 crash sparks OPEC revolt against Saudis
CNN Money - 11/23/2015 8:46:17 PM
The smaller countries want the cartel to hit the brakes on production to help lift depressed oil prices ... Saudi Arabia was the world's largest oil producing nation, churning out nearly twice as much crude oil as the U.S. But American output has ...
Implications Of Saudi Oil War With Russia
Seeking Alpha - 11/23/2015 10:16:21 AM
One of the major reasons it has been somewhat ignored has been the fact that on the production side ... which is the largest oil producer in the world, when measured as an individual country. The immediate consequence of the aggressive move has been ...
Oil volatile after Saudis say they'll work to stabilize prices
CBC - 11/23/2015 8:03:20 PM
The world is awash in oil in part because the Saudis have been keeping production levels high in an effort to maintain market share. The Organization of Petroleum Exporting Countries next meets to set production targets on Dec. 4 and many of its members ...
Indonesia, Malaysia form OPEC-like council for palm oil producers to ensure price stability
US News and World Report - 11/21/2015 1:24:50 PM
KUALA LUMPUR, Malaysia (AP) — Indonesia and Malaysia, the world's top two palm oil producers, signed an agreement Saturday to set up a council for palm oil producing countries in a bid to ensure price stability by managing production and stock in the ...
EDITORIAL: Lifting crude-oil export ban would help Big Oil, hurt the rest of us
eaglefordtexas.com - 11/20/2015 11:55:57 PM
In 1975, after the country was shaken by the Arab oil embargo, Congress passed a ban on exporting crude oil from the United States. The motivation was to promote domestic fuel production and ... are seeking access to the world market in order to make ...
Canada’s Energy-Rich Alberta to Cap Oil Sands Emissions
Wall Street Journal - 11/23/2015 6:34:26 AM
“It was premature to do this before we see what other countries of the world will pledge to do” at the Paris ... speaking on behalf of the province’s top oil-sands producers. Production from the oil sands has been growing at a steady clip in recent ...
Peak Oil? U.S. Oil Reserves Hit Levels Not Seen In 42 Years
The Daily Caller - 11/23/2015 8:39:07 PM
Booming oil and gas production has helped to increase America’s energy security and allow the country to become less reliant on energy sources from OPEC and more unstable parts of the world. U.S. and Canadian oil production also put huge downward ...
Oil prices could rattle stocks in 2016
CNBC - 11/23/2015 5:04:22 PM
The bull market is over: Boockvar Prior to the technological revolution in U.S. energy production, 81 percent of the world's proven oil reserves were located in OPEC member countries, with the bulk of OPEC oil reserves in the Middle East, amounting to 66 ...
Don't expect OPEC policy change at December 4 meet: Bijan Zanganeh, Iran oil minster
Economic Times - 11/21/2015 4:45:16 PM
TEHRAN: Iran's oil minister ... Petroleum Exporting Countries) to maintain its strategy at the meeting on Dec. 4, he said: "I don't expect to receive any new agreement." He also said OPEC needed to manage the return of Iranian oil production within its ...
World Rare Earth Market
prnewswire.com - 11/23/2015 7:49:01 PM
NEW YORK, Nov. 23, 2015 /PRNewswire/ -- Study coverage This report presents historical demand and mine production data (2004, 2009, 2014) plus forecasts (2019, 2024) by product and market in six world ... to oil refining sectors in emerging countries ...
SAOGE features 180 oil and gas firms from 25 countries
Arab News - 11/23/2015 6:08:48 PM
DAMMAM: The 7th Saudi Arabia International Oil and Gas Exhibition 2015 (SAOGE) opened on Monday, with the participation of 180 companies from 25 countries ... in the production of such materials, he added. Al-Hussaini said: "The Arab world owns a large ...
Here’s Why Crude Oil (USO) Is Down Today
bidnessetc.com - 11/23/2015 7:34:42 PM
The world crude oil benchmark which has lost more than ... They also decide how they can facilitate increased production from Iran. Once western sanctions on Iran’s exports are uplifted, the country plans to increase its output by 500,000 barrels per ...
Cathy Buckle: Zimbabwe – A country in waiting. SA’s future?
biznews.com - 11/23/2015 7:31:42 AM
Cathy Buckle returns home to Zimbabwe after a few weeks in the ‘first world’. It’s a downhill slide as soon as the journey starts given that basic rules are thrown out the window. She quickly shifts her focus to the state of the country and says ...
Indonesia and Malaysia create an OPEC-like council for palm oil
The China Post - 11/23/2015 12:00:44 AM
KUALA LUMPUR -- Indonesia and Malaysia, the world's top two palm oil producers, signed an agreement Saturday to set up a council for palm oil producing countries in a bid to ensure price stability by managing production and stock in the global market.
Oil Supply Glut is Vanishing And OPEC Is Taking Advantage
The Motley Fool - 11/21/2015 1:39:09 PM
A global glut of oil has caused the price of oil and gasoline to plunge over the past year and a half. As a result, U.S. oil companies have cut back on drilling, and production is starting ... of oil & gas around the country, business is doing fairly ...