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
Eight countries that win and lose big from oil plunge
USA Today - 12/17/2014 5:26:24 AM
Lower oil prices may help him succeed. The world's most populous country is the second-largest consumer of ... according to Jefferies' Gammel. He said that while production growth in the U.S. is one of the catalysts for why oil prices have fallen so ...
Oil Producers Must Accept Darwinian Logic
Forbes - 12/17/2014 1:47:29 PM
Futures and options contracts of major oil benchmarks for the first month 2015 ... wondering if the Saudis – hitherto considered the world’s swing producers – are not cutting production just to make them bleed financially. Meanwhile, Middle Eastern ...
Oil Trades Near 5-Year Low as Russia Echoes OPEC Output Policy
Bloomberg - 12/17/2014 1:47:29 PM
Output from Russia, the world’s largest crude producer ... according to four people with knowledge of the decision. Iraq may revisit its oil-production plans, the country’s Deputy Prime Minister said today in London. Oil has slumped about 45 percent ...
World market shockwaves ripple far and wide from oil price epicentre
Economic Times - 12/17/2014 10:08:34 PM
Brent crude oil has dived 50 per cent since late June to below $60 a barrel, its lowest since 2009 thanks to a mix of rising supply, falling demand and OPEC's decision last month not to cut production. The impact on countries ... in the world - has seen ...
Winners And Losers From The Oil Price Plunge
Sky News HD - 12/17/2014 1:47:29 PM
The United States is a winner too, where shale-oil production is at its highest levels ... and economists say every dollar drop in the oil price costs the country $700m. :: Saudi Arabia is the world's largest oil exporter and the most influential member ...
World Sets New Oil Production and Consumption Records
Energy Trends Insider - 7/9/2014 11:53:36 PM
Last month BP (NYSE: BP) released the Statistical Review of World Energy 2014. This report is one of the most comprehensive sources of global and country level statistics on production and consumption of oil, natural gas, coal, nuclear power and renewables.
Oil's Fall Is a Ticking Time Bomb for Some Countries
NBC News - 12/17/2014 12:18:36 AM
For the rest of the world's oil-producing countries, a continued slide in crude prices won ... countries with a relatively low break-even point are better insulated than those with higher production costs. Some oil producers are much more reliant on ...
Why oil is down by half, what it means for you
Philstar - 12/16/2014 8:36:42 PM
Since 2008 oil companies in the US, for example, have increased production by 70 percent ... are now $47 below last year's average, putting the country on pace for a $36 billion reduction in revenue. World ( Article MRec ), pagematch: 1, sectionmatch ...
How Crude Oil’s Global Collapse Unfolded
Yale Global Online - 12/17/2014 2:59:04 PM
By July of this year, oil ... production when prices rise. Many OPEC members, reliant on the cash oil brings in to pay for generous social programs, didn’t want to cut. Saudi Arabia’s powerful oil minister, Ali al-Naimi, was silent for weeks. The ...
Oil market plunges, then claws back
The Star - 12/16/2014 10:24:04 PM
The world oil market has been unsettled by rising shale oil production in the U.S., which has slashed its imports and left more oil looking for buyers. Meanwhile, the Organization of Petroleum Exporting Countries (OPEC) has been unwilling to slash production.
Profit drive makes low oil prices a problem
Socialist Worker - 12/16/2014 7:39:26 PM
Fracking compares to relatively cheap production from the vast oil fields of Saudi Arabia, the world’s largest oil exporter. Saudi Arabia has huge cash reserves. It seems prepared to ride out the price slump and will be happy if other countries’ oil ...
Oil counter shock
Forex Street - 12/17/2014 5:15:05 PM
Oil ... as the world’s largest net oil importer. Clearly, China has the biggest influence on oil prices. Yet the dragon’s appetite has been waning. In 2015, economic growth is not expected to exceed 7%, an enviable performance for most countries ...
20 countries seeing biggest increase in oil production
Rediff India Abroad - 11/8/2013 6:23:12 AM
3.11 million barrels per day Overall rank in oil production rise in 2012: 7 Canada, one of the most advanced countries in the world, has more than 4 per cent share of oil production. Change in share of world oil production (1973-2012): 0.59 per cent Share ...
What countries lose when oil prices drop
CNBC - 11/4/2014 3:11:17 AM
countries around the world that rely on oil revenues are bracing for an imminent economic and budget hit. The price plunge comes as a slowing global economy cuts into the demand for oil. At the same time, expanded production—including rising output from ...
Top 10 oil and gas producing countries in 2012
Mining - 6/14/2013 10:46:25 PM
World oil production ... 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 in 2012 (+14%), whereas ...