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
Iranian Minister Says OPEC Production Cut 'Unlikely'
Radio Free Europe - 5/24/2015 8:31:15 AM
Iran's oil minister has said that OPEC is unlikely to cut oil output when the group of oil-exporting countries meets ... meeting that OPEC could cut production to boost flagging global oil prices. Saudi Arabia, one of the world's leading oil producers ...
Adnoc research & development budget unaffected by dropping oil prices
Zawya - 5/25/2015 5:45:26 AM
Abu Dhabi: The UAE government had announced that it will continue to invest in the oil and gas sector to increase oil production to 3.5 million barrels per day (mbpd) by 2017. The country currently ... “The new centre will be world class and we’ve ...
Crude Oil Prices Rise 40% on Lower Oil Rig Count
Spend Matters - 5/25/2015 2:27:59 PM
For months now, crude oil has been making headlines as the price ... production in the non- Organization of Petroleum Exporting Countries (OPEC), driven by increased production in the US - the world’s largest producer in 2014. The price fall was ...
Will Offshore Exploration Fall Victim to Low Oil Prices?
The Maritime Executive - 5/25/2015 1:30:43 PM
Saudi Bear Hug By electing to hold production steady and leave price-setting decisions up to the marketplace, Saudi Arabia was acknowledging that the oil world had changed ... on the long-term outlook for your country, a shrinking market due to weak ...
Iran's Oil Minister Says OPEC Unlikely To Change Output Ceiling: Mehr News Agency
International Business Times - 5/24/2015 8:09:47 AM
The Organization of the Petroleum Exporting Countries (OPEC) is unlikely to change its production ceiling when the group meets in June, Iran’s Oil Minister Bijan Zanganeh ... in reaching a final deal with six world powers over its nuclear program.
Iran says OPEC unlikely to change production ceiling at June meeting
Big News Network - 5/25/2015 2:32:09 AM
He said that oil production should be cut by approximately 1.5 million barrels per day in order to support a recovery of the oil price. The Organization of the Petroleum Exporting Countries will ... of a final deal with six world powers over its nuclear ...
OVL crawls as Chinese firms race to pick up oil fields
Financial Express - 5/25/2015 9:13:01 AM
Ehsan Ul-Haq, a senior market consultant at KBC Energy Economics in London, points out that China has become the largest oil importer in the world with ... are trapped in war-torn countries. OVL had registered the highest ever production of 9.45 mtoe ...
Iran to invest $200bn in oil sector
Press TV - 5/25/2015 6:38:31 PM
Iran will become the central point for gas and oil projects in the world after the sanctions over Tehran ... per day but officials have already emphasized that the country would increase production by an extra 1 million barrels per day after sanctions ...
Olive oil could be RATIONED in the UK as poor harvests in Spain and Italy sees traders warn of supply shortfall
Daily Mail - 5/25/2015 1:59:21 PM
The effect on production will mean shortages in the supply of olive oil and is likely to lead to higher prices for shoppers in Britain and around the world. Vytenis Andriukaitis, the European Commissioner for Food Safety and Security, said he was ...
Goldman Sachs Warns Oil Rally Premature
FX Empire - 5/25/2015 10:03:08 AM
Spending on some of the world’s largest projects ... demands from for reduction in amount of oil pumped, yet even officials from countries which favor a curb see it as unlikely. OPEC is unlikely cut its production ceiling when the group meets in June ...
Germany’s Wintershall Interested in Occidental’s Libyan Oil Assets
Wall Street Journal - 5/21/2015 11:58:14 PM
teaming up with the country’s state-run oil company to exploit Africa’s largest oil-and-gas reserves. But since last year, Libya’s oil industry has been crippled by strikes, the armed conflict between rival factions and terrorist attacks. Production ...
The Easy Oil Is Gone
Seeking Alpha - 5/25/2015 6:14:04 AM
Oil is essential to the modern markets and their functionality. And despite its negative effects, even with effort to decrease reliance on oil, oil will continue to be an essential part of our world for ... in the most developed countries will stay roughly ...
Will The World's New Swing Oil Producer Stand Up?
Forbes - 5/15/2015 12:02:22 PM
In three weeks, the Organization of Petroleum Exporting Countries will meet in Vienna for the first time since November, when OPEC decided not to cut production, sending the price of crude oil plummeting. With Brent crude oil having rebounded in recent ...
When it comes to oil pricing, politics trumps economics
origin-businesstoday.intoday.in - 5/25/2015 11:29:02 AM
Crude oil, the most important commodity traded across the world, affects everything from geo-political ... The parity of distribution leads to trading between countries with excess production and excess demand. The Oil Producing and Exporting Countries ...
Oil trades sideways as markets weigh demand, supply metrics
Market Watch - 5/25/2015 2:03:31 AM
The number of oil rigs in the U.S. fell by only one last week, according to data from oil services company Baker Hughes, raising concerns that U.S. shale production could rebound ... two of the world’s largest oil consumers, have helped support oil ...