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
Oil Producers Claim Progress in Curbing the World’s Daily Supply
nytimes.com - 1/22/2017 7:23:24 PM
VIENNA — A group of oil producers both in and outside ... Mr. Novak said that his country, which committed to the largest cut, 300,000 barrels a day, had already trimmed production by 100,000 barrels — double its projected target of 50,000 barrels ...
10 Countries Most Reliant on Oil
INSIDER MONKEY - 1/18/2017 11:35:42 AM
... how much of the GDP the oil rents (difference between the value of crude oil production at world prices and total costs of production) were in 2014 for a number of countries. We compiled all this data, offered points for each nation, depending on ...
May cut oil production
Castanet - 1/19/2017 4:13:41 PM
OPEC countries could cut oil production again this year, Saudi Arabia's energy minister said Thursday. Speaking at the World Economic Forum at the Swiss ski resort of Davos, Khalid Al-Falih said he "would not exclude" another cut to follow last year's ...
OPEC Shrugs Off Threat of U.S. Cutting Oil Imports
Bloomberg - 1/22/2017 11:30:57 AM
Trump seeks to achieve U.S. energy independence from OPEC OPEC’s two biggest suppliers to the U.S. shrugged off a vow by President Donald Trump to end dependence on the group’s oil ... expects his country’s crude exports to the world’s top consumer ...
More OPEC Headaches: 2 Countries Projected To Add Over 400,000 Bpd To Oil Supply In 2017
Seeking Alpha - 1/20/2017 4:55:27 PM
Production growth from these two countries not being included in most 2017 models ... While that is true, Canada has some of the largest amount of oil reserves in the world, and its biggest trade partner is right below its borders. The U.S. now imports ...
OPEC, allies says production cuts ahead of schedule
American-Republican - 1/23/2017 12:02:34 AM
VIENNA – OPEC and key non-OPEC oil producers are near their ... Novak said that his country, which committed to the largest cut of 300,000 barrels a day, already had achieved trimmed production by 100,000 barrels – double its projected target of ...
Rising U.S. shale-oil output threatens OPEC’s production pact
Market Watch - 1/17/2017 5:03:11 AM
An oil pump jack works at dawn ... of 41,000 barrels a day in February oil production to 4.748 million barrels a day. “That is bearish for oil and a concern for [the Organization of the Petroleum Exporting Countries,” said James Williams, energy ...
OPEC, Russia say oil production cuts are deeper, faster than expected
xboxonezone.com - 1/22/2017 10:58:09 PM
Saudi Arabia, the ... on concerns that countries may not stick to their commitments - as has happened under previous deals - and that higher prices will boost US output. "As such, there still exists room for Iran to increase its production as agreed ...
IEA Expects US Shale Oil Production to Add 500,000 Bpd in 2017
economiccalendar.com - 1/20/2017 2:03:39 PM
The IEA’s director believes that the countries of the Middle East have firmly cemented their position as the world’s main crude oil suppliers. Nevertheless, US production remains an important factor in global oil market trends. Investors closely follow ...
Iran to realize OPEC-designated production quota
lasignare.com - 1/22/2017 11:05:18 PM
According to Novak, the possible spheres of cooperation between the two countries include gas, oil and processing industries. The next meeting in March is set for Kuwait. "As such, there still exists room for Iran to increase its production as agreed ...
Nigeria’s crude oil output increases by 403,900bpd
guardian.ng - 1/19/2017 11:58:58 PM
According to OPEC, which supplies about 40 percent of the world oil, output increased the most in Iraq, Angola and Libya, while production in Saudi Arabia, Nigeria and Venezuela showed the largest decline. Speaking on efforts the country is making to ...
Oil prices jump 2 percent ahead of producers' compliance meeting
Reuters - 1/20/2017 8:55:50 AM
NEW YORK Oil prices ... weekend's meeting of the world's top oil producers would demonstrate compliance to a global output cut deal, but rising U.S. drilling activity limited gains. Members of the Organization of the Petroleum Exporting Countries and ...
OPEC, non-OPEC producers meet to discuss compliance with oil cut deal
hoyentv.com - 1/22/2017 10:50:59 PM
Speaking at the World Economic Forum in Davos, Switzerland on Tuesday, Khalid al-Falih, Saudi Arabia's oil minister ... increasing the amount they charge. The production slash agreement between OPEC and non-OPEC countries is respected by all the ...
Oil producers check up on landmark deal
worldbulletin.net - 1/22/2017 1:11:10 PM
The December 10 accord obliges around a dozen nations led by Russia that are outside the Organization of the Petroleum Exporting Countries to reduce output by 558,000 barrels per day (bpd). Oil producing countries were meeting Sunday in Vienna to review ...
OPEC shrugs off threat of Trump’s America cutting oil imports
My West Texas - 1/23/2017 1:14:09 AM
OPEC’s two biggest suppliers to the U.S. shrugged off a vow by President Donald Trump to end dependence on the group’s oil, saying the world ... Martinez said he expects his country’s crude exports to the world’s top consumer to remain stable.