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
Top 10 oil and gas producing countries in 2012
mining.com - 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 ...
Food Use Seen by Oil World Driving Cooking Oils as Biofuels Slow
Businessweek - 6/18/2013 3:17:51 PM
Food use will drive demand for vegetable oils and fats in 2012-13 as the world population grows and per-capita consumption rises, while biofuel use will increase at the slowest pace in a decade, Oil World forecast. Total use of 17 oils and fats ...
Oil Production Saw Biggest Annual Increase in 2012, BP Says
Environmental Leader - 6/17/2013 2:07:28 PM
Hydroelectric and renewable energy (along with cheap natural gas in North America) competed against coal in power generation. Global biofuels output fell for the first time since 2000 due to weakness in the US, but renewables in power generation ...
Stakeholders envision further drop in oil production
Vanguard - 6/18/2013 2:03:17 AM
Similarly, the Nigeria Union of Petroleum and Natural Gas Workers, NUPENG, said that the union was worried and disturbed over the drop in crude oil production in the country, since the first quarter of 2013. NUPENG blamed the drop on incessant crude oil ...
Just How Expensive Is Shale Oil?
The Motley Fool - 6/15/2013 4:33:00 PM
While new technologies such as fracking and horizontal drilling are largely responsible for the boom in U.S. oil and gas production, the costs associated with these so-called "technological barrels" are on the rise. So exactly how costly is ...
Oil prices end week on high note
GlobalPost - 6/15/2013 1:45:22 AM
World oil prices finished on a high note on geopolitical ... with Syria and Libya at the fore," added Hornby. "Libyan oil production is beginning to suffer amid protests in the country that have already closed two export terminals and one major oil field ...
Forty percent of fishmeal and oil production is IFFO RS certified
fishupdate.com - 6/18/2013 2:06:16 PM
“Overall 103 plants in 10 countries are now IFFO RS certified, amounting to 40% of world combined fishmeal and fish oil production and 70% of that produced by IFFO members,” says Francisco Aldon Head of Standards at IFFO. “More factories are in the ...
Iraq slashes production plan, but doubts remain
United Press International - 6/14/2013 5:45:46 PM
The IEA lists Iraq as the world's third largest oil exporter, ranked second in the Organization of Petroleum Exporting Countries after Saudi Arabia. Oil provides 95 percent of Iraq's revenue. Another problem is growing U.S. production, largely through ...
Americans Exporting More Oil First Time Since ’70s
Businessweek - 6/18/2013 4:07:58 PM
The U.S. oil boom is moving Congress closer than it has been in more than three decades to easing the ban on exporting crude imposed after the Arab embargo. Advances such as hydraulic fracturing are leading to record production that may outstrip ...
Another New Oil Production Record For North Dakota In April
Seeking Alpha - 6/17/2013 5:56:32 PM
North Dakota set another new monthly oil production record at 793,302 barrels per day (bpd) in April according to oil production data released last Friday by North Dakota's Department of Mineral Resources (see chart below). For the ninth month in a row ...
Additional Iranian Oil Sanctions May Cause Spike In Oil Prices
investing.com - 6/18/2013 8:22:41 AM
Why wouldn’t they this time ... Oil consumption based on BP’s 2013 Statistical Review of World Energy. If oil prices rise, more money will be transferred from oil importers to oil exporters. Oil exporters, such as the members of OPEC, will benefit.
U.S. Tallow Exports Seen Falling by Oil World on Biodiesel Use
Bloomberg - 6/18/2013 1:23:19 PM
U.S. tallow exports are forecast to fall 3.7 percent this year as growing domestic use of the animal grease to make biodiesel squeezes supply, keeping prices high, Oil World said. Tallow shipments from the U.S. may decline to 680,000 metric tons ...
This Oil Major Is Eyeing The World's Second Largest Shale-Oil Basin
Seeking Alpha - 6/17/2013 11:22:49 AM
The US Energy Information Administration's (EIA) recent estimates have shown that globally there are 345 billion barrels of oil and 7,299 trillion cubic feet of gas, technically recoverable unproven shale resources. While we have abundant information about ...
Mexico’s Pena Nieto plans end to 75-year Pemex monopoly in oil production
Financial Post - 6/18/2013 2:31:55 AM
Mexican President Enrique Pena Nieto said he’s negotiating support to break the state monopoly over oil and gas exploration and production this year to accelerate economic growth. In the model envisioned by Pena Nieto, state-owned Petroleos ...
As U.S. production soars, oil companies eye far horizons
fuelfix.com - 6/18/2013 4:33:37 AM
Bloomberg reports Brazil is relying on the pre-salt region, so named because significant amounts of oil and gas are believed to lie below a deep layer of salt, to double production by 2020. The Arctic: Irving-based Exxon Mobil Corp. plans to ...