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
Where do the latest U.S. sanctions leave Russian oil?
Washington Post - 7/30/2014 3:00:28 PM
When it comes to bolstering its oil exploration and production ... prospects in the world. On Tuesday, the Obama administration moved to choke off the flow of U.S. technology for Arctic and shale oil exploration in Russia, the country's next hydrocarbon ...
Which Countries Produce The Most Fossil Fuels?
The Energy Collective - 7/30/2014 3:07:37 PM
The world's biggest producers and consumers, China and America, are both very similar. Each country has a production:consumption ratio of just over 0.75, and they are both largely self-sufficient in terms of coal, but import large amounts of oil.
OPEC oil output rises in July on fragile Libyan rebound
Arabian Business - 7/30/2014 10:21:17 AM
Supply from the Organization of the Petroleum Exporting Countries ... production at the moment, probably due to the external events," said Eugen Weinberg, commodities analyst at Commerzbank in Frankfurt. The 12-member OPEC pumps a third of the world's oil.
America Has Saved the World From a Global Oil Crisis
The Motley Fool - 7/19/2014 4:10:46 PM
Let's take a look at what has happened in the world oil markets during the past several ... War between Sudan and South Sudan has led to oil production being half what it was since then from the now separate countries. The Arab Spring has sent Libya ...
OPEC Crude Oil Output Rises In July On Libyan Rebound
Live Trading News - 7/30/2014 9:48:29 PM
Supply from the Organization of the Petroleum Exporting Countries ... the world’s Crude Oil. In July, the largest increase has come from Libya, where supply rose by 210,000 to 430,000 BPD, the survey found. Still, a reversal of the rising production ...
The 10 Most Oil-Rich States
Yahoo Finance - 7/28/2014 10:09:21 AM
“Without [horizontal drilling and hydraulic fracturing] much of the ‘unconventional’ production wouldn’t ... If Texas were its own country, it would be the sixth largest oil producer in the world.
World Bank loans Kenya $50 million to improve oil industry management
PennEnergy - 7/28/2014 2:19:53 PM
A report by the International Monetary Fund suggested Kenya will begin commercial oil production in five years ... for sustainable development," said Diarietou Gaye, the World Bank's country director for Kenya. More information on the power market in ...
Energy Companies Rethinking Russia After New Round of Sanctions
New York Times - 7/31/2014 12:18:48 AM
Russia rivals Saudi Arabia as the world’s leading oil producer, and it was second in natural gas production last year to the resurgent United States. But Russia’s traditional oil fields in West Siberia, which have sustained the country’s output for ...
Guest blog: Hamilton has it right on oil
blogs.platts.com - 7/30/2014 11:54:21 AM
Is Kemp right when he says: “Since 2008, the dramatic increase in oil and gas production from shale formations in North America, and the abundance of shale resources around the world ... even as other countries’ potential remains untested.
Oil production at Kashagan to be resumed in 2016: Kazakhstan’s Oil Minister
en.tengrinews.kz - 7/30/2014 6:35:13 PM
The most probable time to resume the commercial production at the giant Kashagan oilfield is late 2015, the country ... in the world. According to Kazakhstan geologists, geological reserves of Kashagan are estimated at 4.8 billion tons of oil.
Ukraine Rapeseed Exports Seen Lower by Oil World as Output Ebbs
Bloomberg - 7/29/2014 1:28:35 PM
Russia’s total grain and legume crop area may increase for a fourth straight year to 46.1 million hectares, up from 45.8 million last year, Oil World said. The country’s combined grain production may be close to 100 million tons, compared with 92.4 ...
Offshore security threats weighing on Nigeria’s oil industry
Businessday - 7/29/2014 11:22:44 PM
Major offshore oil and gas assets in the country include Agbami with daily production of 250,000 barrels per day (bpd ... economic concern for many governments in the contemporary world, especially in the oil-rich Gulf of Guinea, said Okechukwu Ogbonna ...
FACTBOX-Oil production cost estimates by country
Reuters - 7/28/2009 9:15:50 AM
July 28 (Reuters) - The cost of pumping ... to make new discoveries, production costs were generally estimated at $20 a barrel (operating and capital costs). Those figures do not include the more expensive Orinoco oil from the country's sand deposits.
U.S. Leads the World in Oil Production and Climate Denial
Ring of Fire - 7/23/2014 3:15:55 PM
Just this week, the U.S. was announced as the leading producer of oil in the world. It beat out Saudi Arabia and all the other countries in the world. The U.S. is also the world leader in climate change denial. It’s a terrifying combination that leaves ...