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
Oil Majors Pivoting Away from Risky Countries
NASDAQ - 8/1/2014 12:27:46 PM
As a group, many of the oil majors have shifted their spending to countries that are members ... oil majors will have to balance future production growth versus the risk of operating in dangerous areas of the world. This article was originally published ...
Which Countries Produce The Most Fossil Fuels?
The Energy Collective - 7/29/2014 11:58:31 PM
The world's biggest producers and consumers, China and America, are both very similar. Each country has a production:consumption ratio of just over 0.75, and they are both largely self-sufficient in terms of coal, but import large amounts of oil.
Texas produces 3M barrels per day, slides into 8th spot in the world
The Business Journal - 8/1/2014 12:34:55 PM
Texas oil production topped 3 million barrels per day in May, putting the Lone Star state on par with the world’s biggest oil producing countries, according to the Energy Information Administration. Only Russia, Saudi Arabia, United States, China ...
EU, US sanctions target Russian oil
The Rakyat Post - 7/30/2014 2:50:19 AM
“Production at many of the country’s older oil fields is being maintained ... of sanctions or any other potential government actions.” Exxon, the world’s largest oil company by market value, is “under pressure” to shun Russia’s biggest ...
Ukraine Rapeseed Exports Seen Lower by Oil World as Output Ebbs
Businessweek - 7/30/2014 6:25:04 AM
Russia’s total grain and legume crop area may increase for a fourth straight year to 46.1 million hectares, up from 45.8 million last year, Oil World said. The country’s combined grain production may be close to 100 million tons, compared with 92.4 ...
World Bank loans Kenya $50 million to improve oil industry management
PennEnergy - 7/28/2014 2:19:53 PM
A report by the International Monetary Fund suggested Kenya will begin commercial oil production in five years ... for sustainable development," said Diarietou Gaye, the World Bank's country director for Kenya. More information on the power market in ...
OPEC Crude Oil Output Rises In July On Libyan Rebound
Live Trading News - 7/30/2014 9:48:29 PM
Supply from the Organization of the Petroleum Exporting Countries ... the world’s Crude Oil. In July, the largest increase has come from Libya, where supply rose by 210,000 to 430,000 BPD, the survey found. Still, a reversal of the rising production ...
The 10 Most Oil-Rich States
Yahoo Finance - 7/28/2014 10:09:21 AM
“Without [horizontal drilling and hydraulic fracturing] much of the ‘unconventional’ production wouldn’t ... If Texas were its own country, it would be the sixth largest oil producer in the world.
EXCLUSIVE: How Alison-Madueke’s management style is killing Nigeria’s oil industry, threatening revenue flow
Premium Times - 8/1/2014 5:39:45 AM
Among the world’s leading oil producing countries, Nigeria ranks among those with the longest ... six multi-national joint venture operators depicted a general decline in production activities. Total rig count, which usually shows the intensity of ...
FACTBOX-Oil production cost estimates by country
Reuters - 7/28/2009 9:15:50 AM
July 28 (Reuters) - The cost of pumping ... to make new discoveries, production costs were generally estimated at $20 a barrel (operating and capital costs). Those figures do not include the more expensive Orinoco oil from the country's sand deposits.
U.S. Leads the World in Oil Production and Climate Denial
Ring of Fire - 7/23/2014 3:15:55 PM
Just this week, the U.S. was announced as the leading producer of oil in the world. It beat out Saudi Arabia and all the other countries in the world. The U.S. is also the world leader in climate change denial. It’s a terrifying combination that leaves ...
Oil Prices Affected By Ukraine-Russia, Israel-Hamas and ISIS-Iraq Conflicts
The Inquisitr - 7/21/2014 1:16:36 PM
Often, the spike in oil prices during times of conflict in the Middle East or in other oil rich countries like Russia rises more than the actual effect on oil production and distribution ... The report also suggests that the world could see a spike in ...
Guest blog: Hamilton has it right on oil
Oil Voice - 7/31/2014 9:30:00 AM
US shales may be running their course, even as other countries’ potential remains untested. Oil prices will not rise to fully offset swelling E&P costs, and the oil majors will trim their sails to right their financial ships. Their oil production will ...
Offshore security threats weighing on Nigeria’s oil industry
Businessday - 7/29/2014 11:22:44 PM
Major offshore oil and gas assets in the country include Agbami with daily production of 250,000 barrels per day (bpd ... economic concern for many governments in the contemporary world, especially in the oil-rich Gulf of Guinea, said Okechukwu Ogbonna ...
South Sudan delays gold production by a year due to conflict
Mining Weekly - 7/31/2014 1:33:23 PM
JUBA – South Sudan will delay the start of gold mining by a year from its planned date in 2016, a senior government official said on Thursday, due to fighting between rival political groups in the world's newest country ... away from oil by exploiting ...