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
OPEC Keeps Current Oil Production Quota Causing Low Pump Prices
Guardian LV - 11/28/2014 2:35:40 AM
The country adds one million barrels of oil per day to the world market ... Oil production in the United States has impacted the overall world production. The U.S. has lowered the amount of oil it imports from OPEC, forcing the organization to compete ...
OPEC To Main Oil Production At Current Levels
Eurasia Review - 11/28/2014 3:32:56 AM
The Organization of the Petroleum Exporting Countries (OPEC) said Thursday that it would maintain oil production at current levels ... The Conference also considered forecasts for the world economic outlook and noted that the global economic recovery ...
UPDATE 12-Oil prices dive after OPEC decides against output cut
Reuters - 11/28/2014 1:16:55 AM
Ministers from the Organization of the Petroleum Exporting Countries had been discussing at their meeting in Vienna whether to agree a production ... oil market vulnerable to much bigger falls as abundant supply of high quality, light crude oil floods ...
OPEC keeps oil production unchanged
cctv-america.com - 11/28/2014 12:41:08 AM
The 12-country cartel, which accounts for one-third of the world’s oil output, was divided on the move. Venezuela and Iran urged reduced production, while Saudi Arabia and other Gulf States wanted no change. CCTV America’s Nathan King reported this ...
Crude oil prices tumble as OPEC decides against production cut
Big News Network - 11/28/2014 2:28:30 AM
Saudi Arabia, world's largest oil producer ... lower demand in most of the developed countries and a boom in North American shale oil and gas production. Abdalla Salem el-Badri, OPEC's Libyan-born secretary general, brushed aside concerns Thursday about ...
OPEC leaves oil production quotas unchanged, prices fall again
San Francisco Gate - 11/28/2014 12:05:20 AM
VIENNA — OPEC decided Thursday not to cut petroleum production despite the recent plunge ... On news of the decision by the Organization of the Petroleum Exporting Countries, the price of Brent crude oil, a global benchmark, fell an additional $3 to ...
OPEC move to keep oil output target sparks price slump
My sinchew - 11/28/2014 11:25:23 AM
Vienna (AFP) -- OPEC's decision against cutting oil production, despite a global ... which advises countries on energy policy. Ahead of the meeting, OPEC kingpin and world's top oil producer Saudi Arabia cut charges for US customers in a move seen as ...
OPEC holds oil output level, triggering price collapse
The Straits Times - 11/27/2014 11:15:14 PM
The 12-nation cartel “decided to maintain the production level of 30 million ... which advises countries on energy policy. Ahead of the meeting, OPEC kingpin and world’s top oil producer Saudi Arabia cut charges for US customers in a move seen as ...
Oil tumbles more than $6 to 4-year low as OPEC keeps output high
Zee News - 11/27/2014 11:08:05 PM
Ministers from the Organization of the Petroleum Exporting Countries had been discussing at their meeting in Vienna whether to agree a production ... oil market vulnerable to much bigger falls as abundant supply of high quality, light crude oil flooded ...
Oil prices plummet after OPEC meeting
The Age - 11/28/2014 6:03:15 AM
Photo: AP Vienna: Crude prices plunged on Thursday after the powerful Organisation of Petroleum Exporting Countries said it wouldn't cut production levels to stem the collapse in oil prices that have fallen more than 30 per cent since June. Saudi Arabia's ...
OPEC will not cut oil production: Saudi minister
Money Control - 11/27/2014 4:12:54 PM
The Organization of Petroleum Exporting Countries (OPEC) - led by Saudi Arabia - decided on Thursday not to cut oil production, despite sliding oil prices. Following a meeting of OPEC in Vienna, Saudi Arabia's oil minister Al-Naimi was asked whether the ...
Economy under threat as oil price falls below $73
Punch - 11/27/2014 11:51:01 PM
OPEC noted that although world oil demand was forecast to increase during ... Oni further said that the country might not see significant growth in production as a result of oil theft, adding that the contribution from the oil sector to revenue could ...
Australian energy firms hammered by OPEC decision
France 24 - 11/28/2014 3:04:18 AM
Australian energy firms were hit hard Friday by the OPEC cartel's decision against cutting production ... of the Petroleum Exporting Countries, a 12-nation cartel that pumps out one-third of the world's oil, opted to stick by its output target even ...
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.
Opec ministers opt for status quo as oil prices slide
The National - 11/27/2014 4:34:22 PM
Opec oil ministers meeting in Vienna yesterday opted to hold production steady ... a Paris-based energy watchdog for the major consuming countries, said the world oil market had entered a new phase because the biggest consumers — the United States ...