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 prices rise as OPEC output cuts drain stocks
Reuters - 1/24/2017 3:50:27 AM
Still, this amounts to about 60 days of world oil consumption ... extending an eight-month drilling recovery. The country's oil production has risen by more than 6 percent since mid-2016, though it remains 7 percent below the 2015 peak.
OPEC Shrugs Off Threat of U.S. Cutting Oil Imports
Bloomberg - 1/23/2017 11:29:46 AM
OPEC’s two biggest suppliers to the U.S. shrugged off a vow by President Donald Trump to end dependence on the group’s oil, saying the world ... Martinez said he expects his country’s crude exports to the world’s top consumer to remain stable.
Oil Producers Claim Progress in Curbing the World’s Daily Supply
nytimes.com - 1/22/2017 7:23:24 PM
VIENNA — A group of oil producers both in and outside ... Mr. Novak said that his country, which committed to the largest cut, 300,000 barrels a day, had already trimmed production by 100,000 barrels — double its projected target of 50,000 barrels ...
How Devon Energy Will Benefit from Higher Crude Oil Prices
Market Realist - 1/23/2017 5:27:41 PM
On November 30, 2016, OPEC (Organization of the Petroleum Exporting Countries) agreed to cut production ... This move has a potential to reduce supply-side excesses in world oil markets. Due to the announced production cut by OPEC and non-OPEC producers ...
OPEC Expects No Bad Surprises from US Shale Oil Production
economiccalendar.com - 1/23/2017 3:25:59 PM
Members of the Organization of Petroleum Exporting Countries (OPEC ... Al-Marzouk wasn’t the first to note the possible rise in US oil production volumes. Last week during the World Economic Forum in Davos, Switzerland, the Executive Director of the ...
Oil producers check up on landmark deal
worldbulletin.net - 1/24/2017 10:17:00 AM
The December 10 accord obliges around a dozen nations led by Russia that are outside the Organization of the Petroleum Exporting Countries to reduce output by 558,000 barrels per day (bpd). Oil producing countries were meeting Sunday in Vienna to review ...
OPEC, allies says production cuts ahead of schedule
US News and World Report - 1/22/2017 3:27:10 PM
VIENNA (AP) — OPEC and key non-OPEC oil producers are near their ... Novak said that his country, which committed to the largest cut of 300,000 barrels a day, already had trimmed production by 100,000 barrels — double its projected target of 50,000 ...
As Oil Prices Climb, China and India Curb Their Enthusiasm for Reserves
The Wall Street Journal - 1/23/2017 5:24:42 AM
The world’s oil producers are counting on a production cut to boost crude prices ... looking to build buffers like those long held by the U.S. and other developed countries. These stockpiling efforts have been important—if...
Crude prices rebound as traders weigh up production outlook
Market Watch - 1/24/2017 1:55:55 AM
Oil futures edged higher Tuesday ... low $50s over the past month as traders await updates on the progress in production cuts by the Organization of the Petroleum Exporting Countries. The cartel in November agreed to cut output amounting to about 1% ...
What Lies Ahead for Oil & Gas ETFs?
NASDAQ - 1/23/2017 2:43:02 PM
However, indications that supply was easing helped oil prices rebound to $50/barrel mark in early Jun. The surge was driven by outages in Nigeria, Libya, Venezuela and Canada - countries that hold some of the ... in U.S. crude production.
OPEC chief 'confident' countries to meet oil production cuts
Columbia Missourian - 1/12/2017 9:05:20 AM
ABU DHABI, United Arab Emirates (AP) — The head of OPEC said on Thursday that he remains "confident" that the cartel and outside members will stick to an agreement to cut production to help boost oil prices ... a dozen other countries pledged in December ...
Russian Federation cuts oil production twice as much as agreed
Diaro Catolico - 1/23/2017 11:54:14 PM
Production by OPEC countries fell 220,900 barrels ... OPEC countries have stabilized the global oil market. "Moreover, a sharp downturn in trade due to US and United Kingdom protectionism is a key risk to the world economy", analysts at the bank said.
Russian Federation has cut oil output by 100000 bpd - ministry
Canal CNC Arauca - 1/24/2017 12:44:20 AM
At the World Economic Forum in Davos, al-Falih said that there had been "very strong compliance" by OPEC and non-OPEC oil countries to the production cuts, and that the producers had gone "extra miles", with the majority exceeding their commitments.