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
Has crude oil production already peaked?
The Christian Science Monitor - 4/16/2014 12:47:17 PM
The oil from deep shales (properly called "tight oil") is allowing production to grow in the United States even as production sinks elsewhere in the world. Other countries having shales containing oil will likely try to exploit them. But, the retirement ...
IEA Trims 2014 Oil Demand Growth Forecast
The Wall Street Journal - 4/11/2014 4:10:40 AM
The IEA also lowered its expectations for the increase in oil supply from outside the Organization of the Petroleum Exporting Countries in 2014 by 250,000 barrels a day to 1.5 million barrels a day, largely as a result of declining production at old oil ...
Iran boosts oil output despite Western sanctions
The Christian Science Monitor - 4/11/2014 4:13:39 PM
Iran produced 2.79 million barrels of oil in March, according to the latest monthly market report from the Organization of Petroleum Exporting Countries. That's 3.5 percent higher than the average reported for 2013 and Zanganeh said he thinks production ...
World Depends on Two Countries for Increase in Oil Production
Oil Price - 11/11/2013 11:59:04 PM
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Brazil’s Star, Petrobras, Is Hobbled by Scandal and Stagnation
New York Times - 4/16/2014 2:10:12 AM
Now Petrobras is coming to symbolize something else entirely: the disarray afflicting Brazil’s sluggish economy and the reassessment of growth prospects in emerging markets around the world. Instead of surging, Petrobras’s oil production has stagnated ...
UAE committed to raising oil production capacity to 3.5 million barrels-per-day by 2017
7 Days In Dubai - 4/12/2014 12:44:52 PM
He added, “UAE is set to raise its production ... in oil generation and supply to world and our participation in the conferences is aimed to highlight state’s stature and its strategic role as a trusted source.” “We will focus on the country ...
EIA: US Oil Reserves Jump On Shale, But Gas Tumbles In 2012
Rigzone - 4/10/2014 3:39:03 PM
Production in the world's largest oil consumer is booming thanks to shale oil and gas ... The boost in oil reserves reflects the buoyant U.S. energy industry, but it does not change the country's standing among the world's petroleum powerhouses.
Rebel fighters insisted that oil companies shut down production and evacuate workers, but five workers were still wounded
Supply & Demand Chain Executive - 4/16/2014 3:10:27 PM
JUBA, South Sudan (AP) — Rebel fighters in South Sudan claimed Tuesday that they captured the capital of an oil-rich state, and they issued an ultimatum to oil companies to shut down production and ... violence sweep the country in December, when ...
Engineers meeting in Tulsa share technologies to boost oil production
Oklahoma News - 4/15/2014 1:14:07 AM
TULSA — Petroleum engineers from around the world are gathering here this week to share the latest advances in maximizing oil production ... more than 800 professionals from more than two dozen countries. Event chairman Sada D. Joshi said enhanced ...
Angola focuses on oil block auctions to keep production balanced
Macauhub - 4/14/2014 10:55:08 AM
Angola’s Oil Minister ... daily production of 1.9 million barrels until 2025 Angola oil production reaches 1.78 million barrels per day in December 2012 Members of Angola’s parliament authorize government to draw up oil block legislation « World ...
Top 5 Oil-Producing Countries In 2011
Investopedia - 3/22/2011 11:58:11 PM
However, some have commented that current price rise may be an overreaction, since Libya produces only about 2% of the world's oil per day. While that is not an insignificant amount, other large oil producing countries could potentially step up production ...
Iran challenges US sanctions with plans to double oil output by 2018
Opalesque Hedge Fund News - 4/14/2014 3:52:47 AM
Iran has unveiled plans to double its oil production by the end of the decade ... currency reserves into developing its share of the world’s largest natural gas reservoir in the Persian Gulf. The country’s new oil minister, Bijan Zanganeh, has set ...
Crude oil climbs to multi-week highs amid on-going crisis in Ukraine, inventories eyed
Forex Street - 4/16/2014 2:34:40 PM
Russian President Vladimir Putin has described the country as being on the "brink of civil war." Oil investors are shrugging off signs of weaker demand in China. GDP growth in the world’s second ... Industrial production climbed to 8.8% y-o-y from ...
OPEC prepares meting ahead of production increment
The North Africa Post - 4/10/2014 11:07:02 AM
their ideas on how to manage adequate production from these three countries are yet to be designed. After several years of conflict and under sanctions, the 5th country in the world with the largest oil reserves, Iraq, is receiving help from various ...
"Production vs consumption" in Moab
High County News - 4/16/2014 10:24:07 AM
Early prospectors discovered useful minerals – uranium, vanadium, potash and manganese – near the farming and ranching outpost, and in the 1950s, Moab became known as the “Uranium Capital of the World ... of oil. Fidelity Exploration & Production ...