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
Has crude oil production already peaked?
The Christian Science Monitor - 4/16/2014 12:54:27 PM
The oil from deep shales (properly called "tight oil") is allowing production to grow in the United States even as production sinks elsewhere in the world. Other countries having shales containing oil will likely try to exploit them. But, the retirement ...
World Depends on Two Countries for Increase in Oil Production
Oil Price - 11/11/2013 11:59:04 PM
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American Oil Reserves Now Top Saudi Arabia
Breitbart News - 4/16/2014 5:12:09 PM
... in both OPEC and non-OPEC countries do not use external auditors of reserves and do not publish detailed results. To act as a cartel and keep prices up, OPEC manipulates world oil supply by allocating crude oil production quotas among its members.
More Opportunities For Oil Exploration In Africa – DNV
Ventures - 4/17/2014 3:37:54 PM
VENTURES AFRICA – Norway’s DNV GL, one of the world’s largest certification ... a 90.9 percent success rate. The country also boasts of 500 billion cubic feet of proven natural gas reserves and plans to start crude oil production within the next ...
FACTBOX-Oil production cost estimates by country
Thomson Reuters - 7/28/2009 9:15:50 AM
Those figures do not include the more expensive Orinoco oil from the country's sand deposits ... from various types of hydrocarbons in different parts of the world: Oilfields Estimated Production /source Costs ($ 2008) Mideast/N.Africa oilfields 6 ...
Texas oil production in February hits highest level since 1980
Xinhua News Agency - 4/16/2014 8:03:57 PM
HOUSTON, April 16 (Xinhua) -- The United States' largest energy producer, Texas, pumped an estimated 2.75 million barrels of oil per day in February -- the most since 1980, showed a petroleum index released Wednesday. February crude production in the Lone ...
Top 5 Oil-Producing Countries In 2011
Investopedia - 3/22/2011 11:58:11 PM
However, some have commented that current price rise may be an overreaction, since Libya produces only about 2% of the world's oil per day. While that is not an insignificant amount, other large oil producing countries could potentially step up production ...
Creative destruction in the global energy industry
Troy Media - 4/17/2014 3:37:54 PM
EDMONTON, AB, Apr 17, 2014/ Troy Media/ – Venezuela’s oil production has fallen every year since ... All we know at this point is that the world is trending towards it. As a country, Canada, should be preparing for where the world is going, not where ...
Angola Moves Into Oil's Big Leagues
investing.com - 4/16/2014 9:29:51 PM
or roughly 3 percent of world crude production in coming years. That could drive the south-western African country from its 2012 ranking as the world’s 15th largest oil producer all the way to No. 3, ahead of Algeria, which produced 1.9 million barrels ...
Sri Lanka rubber growers hit by plunging prices
Lanka Business Online - 4/17/2014 10:01:28 AM
Global commodity prices including oil plunged after a credit ... higher than elsewhere in the world would discourage new investments in rubber based factories and may even cause a shift of production outside the country.
Engineers meeting in Tulsa share technologies to boost oil production
Oklahoma News - 4/15/2014 1:14:07 AM
TULSA — Petroleum engineers from around the world are gathering here this week to share the latest advances in maximizing oil production ... more than 800 professionals from more than two dozen countries. Event chairman Sada D. Joshi said enhanced ...
Iran challenges US sanctions with plans to double oil output by 2018
Opalesque Hedge Fund News - 4/14/2014 3:52:47 AM
Iran has unveiled plans to double its oil production by the end of the decade ... currency reserves into developing its share of the world’s largest natural gas reservoir in the Persian Gulf. The country’s new oil minister, Bijan Zanganeh, has set ...
Obama Stymies Oil and Natural Gas Production on Federal Lands
Forbes - 4/17/2014 1:57:41 PM
While oil and natural gas production has surged on non ... and Norway produce– all countries with storied oil reputations – and explains why the U.S. is on track to be the world’s largest oil producer. Touting natural gas during this year’s State ...
Top 10 oil and gas producing countries in 2012
Mining - 6/14/2013 10:46:25 PM
World oil production rose about 2.5% last year ... 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 ...
The World's Most Toxic Money Pit
Motherboard - 4/17/2014 7:12:39 PM
That's one understated way to describe the oil that some of the world's biggest companies are hoping to suck ... "The delay is impacting effectively the GDP growth of the country," Fadi Farra, adviser to the Kazakh prime minister, said in March.