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
The American energy story Obama won’t tell the world
Reuters - 11/29/2015 1:51:08 PM
President Barack Obama is poised to repeat his history of weak-handed negotiations on the world ... countries gather in Paris on Monday to consider an international response to climate change. According to the president, rejecting the Keystone XL oil ...
Gulf unwilling to tighten oil taps alone: analysts
The Express Tribune - 11/29/2015 9:47:45 AM
KUWAIT CITY: Saudi-led Gulf OPEC members will reject pressure to shoulder the cost of cutting oil production alone despite warnings ... The Organisation of the Petroleum Exporting Countries is to hold a crucial meeting on December 4 to study prices ...
Iran woos oil and gas giants at its biggest industry event
Al Bawaba - 11/29/2015 8:57:39 AM
Foreign companies are excited at the prospects of big businessin a country which owns the world's largest oil and gas reserves ... Iran plans to boost oil production to 5.7 million barrels a day and gas output to 1.4 billion cubic meters a day by 2021.
Iran's New Oil And Gas Contract Framework Revealed
International Business Times - 11/28/2015 1:52:19 PM
“The new model of oil contracts is an instrument to repair [our] relations with the industrialized world ... country’s petroleum industry has struggled. In the mid-1970s, its oil output was as high as 6 million barrels per day. Now, its oil production ...
IEA sees India's oil imports rising despite plans to up domestic output | Reuters
Firstpost - 11/28/2015 10:56:21 PM
But the IEA said India's production will tail off due to limited resources and relatively high costs for new projects, leading to more imports as economic growth picks up speed. India's oil minister Dharmendra Pradhan has visited energy-rich countries ...
Oil's Big Players Line Up for $30 Billion of Projects in Iran
Bloomberg - 11/28/2015 9:44:46 PM
Total SA, Royal Dutch Shell Plc and Lukoil PJSC are among international companies that have selected oil and natural gas deposits to develop in Iran as the holder of the world ... Exporting Countries so that Iran’s planned additional production remains ...
Oil prices gain ahead of OPEC meeting
The Frontier Post - 11/28/2015 2:25:08 AM
London: World oil ... despite sliding oil prices, so extending its strategy of preserving market share and fending off competition from the US shale energy boom.Keeping the status quo would see the Organization of Petroleum Exporting Countries´ official ...
This British Bank Is Backing The Bullish Case For Oil
Seeking Alpha - 11/28/2015 6:07:02 AM
The IEA reports that, although there has been some increase in the demand for oil in countries like India ... States overtook Saudi Arabia (which had a production of 11.5 million barrels per day) as the world's biggest producer of crude oil in 2014.
Oil price on world markets
tjcnewspaper.com - 11/28/2015 1:49:20 AM
US production of both oil and natural gas increased in 2014. The country surpassed Saudi Arabia to become the largest exporter of crude oil to China in September and continues to look for ways to expand sales routes, including a visit to Japan this month ...
Shayne Heffernan Oil Price Report
Live Trading News - 11/28/2015 5:41:23 PM
Brent crude, the benchmark for about half the world’s crude, closed as low as 42.69 a ... rejoins after a seven-year hiatus that was triggered by the Asian country’s wilting oil production. The ceiling may be raised to 31mn bpd, from the current ...
Biggest oil buyers likely to be winners from OPEC meeting
Fuel Fix - 11/27/2015 3:33:44 PM
Members of the Organization of Petroleum Exporting Countries will gather Dec. 4 in Vienna, where Iran has said it will announce plans to boost production by 500,000 ... the benchmark for more than half the world’s oil, has dropped about 21 percent ...
Oil majors queue up for $42b projects in Iran
Australian Financial Review - 11/29/2015 4:47:07 AM
Total, Royal Dutch Shell and Lukoil are among international companies that have selected oil and natural gas deposits to develop in Iran as the holder of the ... Gulf country prepares for the end of sanctions that have stifled its energy production.
India's Oil Imports Seen Rising Despite Plans to Up Domestic Output
NDTV - 11/28/2015 8:01:34 AM
But the IEA said India's production will tail off due to limited resources and relatively high costs for new projects, leading to more imports as economic growth picks up speed. Oil Minister Dharmendra Pradhan has visited energy-rich countries including ...
Iran seeks $30bn of new oil contracts
BBC - 11/29/2015 11:35:08 AM
The country has some of the biggest oil and gas reserves in the world. The new contracts were announced at ... Iran has big plans to increase oil production in the coming years, from about three million barrels a day now to five million by the end of ...
Kenya: UN Agency Urges African Countries to Invest in Mining Sector
AllAfrica - 11/27/2015 9:07:11 AM
"The benefits that the extractive industries could bring to developing countries include revenues for host countries through production sharing agreements ... Africa is home to eight per cent of the world's oil and gas reserves. The United States ...