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
History of OPEC oil production changes
albawwaba.net - 5/26/2016 8:48:47 PM
is seen as a neutral observer in the internal rivalries dividing OPEC between Saudi Arabia and Iran and richer countries like Kuwait and poorer ones like Venezuela. The 13-nation group that controls more than a third of the world's crude-oil output has ...
Oil prices break $50 barrier
Channel 3000 - 5/26/2016 2:58:02 PM
World oil prices have just passed a key milestone ... The global oil market has been helped by a decline in U.S. oil production. It is exactly the outcome that Saudi Arabia and other OPEC countries were hoping for when they implemented a strategy of ...
Can OPEC Agree on Oil Production Policy?
Payvand Iran News - 5/26/2016 2:07:55 PM
Whereas the Kingdom of Saudi Arabia, the world’s top oil producer and exporter ... While Riyadh, Tehran, and Moscow exchange barbs and denounce production limit demands, pressure on the remaining oil-producing countries mounts at a dizzying rate.
The World's Largest Oil And Gas Companies 2016: Exxon Is Still King
Forbes - 5/26/2016 3:05:11 PM
ExxonMobil remains the world’s largest oil company and No ... Earlier this year, oil bottomed in the low $30s. This has been particularly bad news for countries that depend on oil. State-owned oil companies are getting squeezed and in Russia, for ...
Trump heads to shale country
United Press International - 5/26/2016 9:24:34 PM
During his tenure, Obama has embraced an "all-of-the-above" energy policy that saw the United States march closer to its first-ever commercial offshore wind farms while at the same time moving to become a top world ... of the oil production in North ...
ExxonMobil CEO: ending oil production 'not acceptable for humanity'
hitc.com - 5/26/2016 7:12:44 AM
Related: ExxonMobil tried to censor climate scientists to Congress during Bush era Tillerson’s presentation at the meeting showed that Exxon believes oil and gas will still provide about 60% of the world’s energy demands by 2040, even if countries ...
Oil Prices Hit $50 A Barrel For The First Time In Seven Months, But Will They Stay There?
The Inquisitr - 5/26/2016 8:41:37 PM
U.S. oil production itself is down 500,000 barrels a day from the start of the year, and outages in several Latin American countries such as Venezuela ... U.S. shale producers — and present the world with another wave of oversupply.
Oil above $50 for first time this year
Business Recorder - 5/26/2016 3:19:30 PM
indicating strong demand in the world's top oil consumer. The Bank of Canada meanwhile said that the destruction by fire of homes and businesses and the halt to oil production would shave about 1.25 percentage points off the country's gross domestic ...
U.S. leads globe in oil production for third year
Claremore Daily Progress - 5/25/2016 3:49:19 PM
The U.S. led the world last year in producing both oil and gas ... Government estimates show that crude oil production has continued to grow across the country, from nearly 8 million barrels of oil per day in 2008 to about 15 million in 2015.
Iran’s Oil Deals Hit Banking Snag
The Wall Street Journal - 5/26/2016 9:57:23 AM
TEHRAN—Even after the lifting of international sanctions against Iran, long-standing U.S. banking limitations are impeding the country’s oil resurgence ... powerful implications for world oil markets. Iran’s crude production fell from more than ...
French labour dispute: Energy supplies hit by strike action
BBC - 5/26/2016 9:28:45 AM
France is braced for further disruption to its energy supplies as workers at oil ... of the country's electricity. Grid operator RTE said nuclear power capacity was being cut by at least four gigawatts - equivalent to 6% of the country's total production ...
Rebel Group The Niger Delta Avengers Threatens One of World's Largest Oil Supplies
Yahoo News - 5/25/2016 9:40:04 PM
The group has threatened to shut down the West African nation’s production of oil and gas if its demands are not met. The Niger Delta Avengers’ attacks on the region have led to Nigeria’s oil output plummeting by nearly 40 percent, the country’s ...
A Tale of Two Gluts: Oil and Ore Approach $50 on Opposite Paths
Bloomberg - 5/26/2016 8:45:48 AM
Crude oil and iron ore are two of the world’s most important industrial ... the battle for market share in iron ore, click here. Oil production outside the Organization of Petroleum Exporting Countries is headed for its biggest drop since 1992 as the ...
Shale Oil Seen Stifling OPEC's Classic Market-Balancing Role
Rigzone - 5/26/2016 8:24:19 AM
The Organization of Petroleum Exporting Countries was able to balance ... peak due to a global glut fed partly by production at shale deposits in the U.S. OPEC, which pumps about 40 percent of the world’s oil, meets in Vienna on June 2 to assess its ...
Oil Nudges $50 a Barrel as Investors Bet on Shrinking Overhang
SB News Online - 5/26/2016 10:04:32 AM
World oil prices rose Tuesday ... from a 12-year low earlier this year on signs the global glut will ease amid declining production in Nigeria and non-OPEC countries including in the U.S. The Organization of Petroleum Exporting Countries is unlikely ...