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
This Is How Many Barrels of Oil the 13 OPEC Countries Produced Last Month
The Motley Fool - 3/24/2017 7:48:17 AM
and how the different OPEC countries are affected by oil prices. OPEC's oil production and how it compares to the rest of the world According to the U.S. Energy Information Administration, 96 different countries produce crude oil, with estimates ranging ...
Is OPEC Losing Its Ability To Influence Oil Prices?
econintersect.com - 3/27/2017 12:52:32 PM
The Organization for Petroleum Exporting Countries (OPEC) has exerted a great deal of control over world-wide oil production and prices since 1960.1 The figure below shows the percentage of oil production by country for 2015. OPEC member nations made up 42 ...
OPEC, non-OPEC to look at extending oil-output cut by six months
Reuters - 3/27/2017 11:12:19 AM
The Organization of the Petroleum Exporting Countries and rival oil-producing nations were meeting in Kuwait to ... We assured ourselves and the world that we would reach our adjustment to 100 percent conformity," Marzouq said. (Reporting by Rania El ...
OPEC urges members to uphold oil production cuts
Market Watch - 3/26/2017 7:02:58 AM
We assured ourselves — and the world — that we would.” Oil prices rose 20% initially after OPEC’s production-cut deal was announced Nov. 30 and those gains were sustained when 11 countries outside the cartel, including Russia, the world’s largest ...
OPEC, Non-OPEC Oil Producers Recommend Extending Production Cuts By Six Months
zerohedge.com - 3/26/2017 8:00:14 AM
ramping up production where possible, using their own domestic resources or incentivizing higher activity from the international oil companies through more attractive contract structures and tax regimes. In the rest of the world, projects and countries ...
Can OPEC still control the oil market?
Al JAZEERA - 3/27/2017 7:26:14 PM
The discussion was held in Kuwait, but its outcome could affect the entire world. Oil producing countries are considering further cuts in output to try and force prices higher. Ministers from both OPEC and non-OPEC countries met in Kuwait City on Sunday to ...
Oil Under $48 Opens The Door For Income Investors
Seeking Alpha - 3/27/2017 5:28:43 AM
World oil production outpaced consumption in recent years ... and undeveloped economies worldwide and by efforts of the Organization of Petroleum Exporting Countries (OPEC) to curb production. The graph below shows production and consumption of crude ...
Nigeria, Morocco deal to boost fertiliser production by 1.3m tonnes
www.today.ng - 3/28/2017 9:16:36 AM
A Memorandum of Understanding (MoU) for the supply of phosphate between Nigerian and Moroccan governments is expected to lead to the production of 1.3 million ... towards becoming commercially-viable world-class oil and gas company hinged on the principle ...
Fading oil industry brings economic uncertainty in Gabon
Reuters - 3/28/2017 6:24:48 AM
production is in decline, the recovery is slow and may not come at all. The oil sector has accounted for 80 percent of exports, 45 percent of gross domestic product, and 60 percent of budget revenue on average in the past five years, according to World ...
Oil Near $50 on OPEC Cut Doubts
worldenergynews.com - 3/27/2017 12:45:22 PM
OPEC, non-OPEC producers review extension of production cuts ... to normalise bulging global oil inventories, positives are in short supply." A number of ministers from the Organization of the Petroleum Exporting Countries and other producers met in ...
Oil producers eye extension of output cuts
Inquirer - 3/27/2017 12:13:45 AM
The cuts aim to reduce world oil supplies and boost prices that have ... the progress made towards full conformity with the voluntary production adjustments and encouraged all participating countries to press on towards 100 percent conformity,” producers ...
The DNA of Oil Wells-U.S. Shale Enlists Genetics to Boost Output
New York Times - 3/28/2017 1:02:41 AM
HOUSTON — A small group of U.S. oil producers ... with the world's top exporters. Shale producers have slashed production costs as much as 50 percent over two years, waging a price war with the Organization of the Petroleum Exporting Countries (OPEC).
Oil producers consider output cut extension as support grows
worldoil.com - 3/27/2017 11:55:16 AM
KUWAIT CITY (Bloomberg) -- Oil producers pledged to consider extending ... Russia needs more time to assess the market, inventories and production in the U.S. and other non-OPEC countries, Novak said in an interview with Bloomberg. After Sunday’s meeting ...
Top 10 Oil Producing Countries in the World
Buzzle - 10/13/2013 11:57:40 PM
Saudi Arabia is the largest oil producer in the world, followed by the United States and Russia. Find out which are the other countries that have been able to secure a position among the top 10 oil producing countries in the world, through this Buzzle article.
OPEC, non-OPEC committee recommends extending oil output cut by six months
Channel News Asia - 3/26/2017 11:49:18 AM
OPEC and rival oil-producing countries were meeting in Kuwait to review progress ... We assured ourselves and the world that we would reach our adjustment to 100 percent conformity," Marzouq said. (Reporting by Rania El Gamal, Vladimir Soldatkin, Ahmed ...