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
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 ...
Algeria Spending $100 Billion To Turn Around Falling Oil And Gas Production
Forbes - 7/24/2014 11:04:12 AM
Intent on finally turning the tide on a five year decline in oil and gas production ... is home to the world’s third largest shale deposits behind China and Argentina with 707 trillion cubic feet, though this remains unproven. The country’s potential ...
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 ...
Oil Prices Affected By Ukraine-Russia, Israel-Hamas and ISIS-Iraq Conflicts
The Inquisitr - 7/21/2014 1:16:36 PM
Often, the spike in oil prices during times of conflict in the Middle East or in other oil rich countries like Russia rises more than the actual effect on oil production and distribution ... The report also suggests that the world could see a spike in ...
OPEC Says Oil Production, Market Share Fell in 2013
Wall Street Journal - 7/18/2014 7:22:15 AM
LONDON—OPEC said Friday its crude production and market share fell last year as a boom in U.S. shale dents demand for its oil. In an annual statistical report, the Organization of the Petroleum Exporting Countries ... Around the World Twitter Facebook ...
EIA: Iran still hurt by sanctions
United Press International - 7/23/2014 11:48:20 AM
EIA, the statistical arm of the Energy Department, updated its country profile for Iran ... technology and expertise needed to expand the capacity at oil and natural gas fields and reverse production declines," the report said. Iran under the terms ...
FACTBOX-Oil production cost estimates by country
Reuters - 7/28/2009 9:15:50 AM
Those figures do not include the more expensive Orinoco oil from the country's sand deposits ... from various types of hydrocarbons in different parts of the world: Oilfields Estimated Production /source Costs ($ 2008) Mideast/N.Africa oilfields 6 ...
Chevron U.S.A.’s base oil facility begins production
Mississippi Business Journal - 7/21/2014 1:02:17 PM
helping countries around the world meet increasingly strict regulatory requirements and higher performance standards for lubricants. Premium base oil is the main ingredient in the production of top-tier motor oils that help improve fuel economy ...
More investments needed as world oil demand rises next year
NATIONAL MIRROR - 7/22/2014 10:33:46 PM
It maintained that, “World oil demand in 2015 is forecast ... spreads to bilateral energy ties with many of our member countries. “For example, Russia’s Lukoil recently started oil production from the giant West Qurna-2 oil field in Iraq; Russian ...
Venezuela Oil Exports to United States Fall to Record Low
Latin American Herald Tribune - 7/24/2014 4:59:07 AM
Well, whether or not it suits Chávez in the changed circumstances of world oil markets ... just released by the Organization of Petroleum Exporting Countries (OPEC) said Venezuelan oil production was up by 23,000 barrels a day, or 1%, in May compared ...
Oil path signals wrong way for world energy
Oil Voice - 7/18/2014 6:03:30 AM
Refining strategy also focuses the world's NOCs or national oil companies, sometimes based on large national oil reserves and production (like several OPEC states) but also including countries with a zero-base of oil reserves or production - like Singapore.
Commentary: Shale revolution delivers oil abundance
Chron - 7/24/2014 9:31:08 AM
Oil and gas production from ... U.S., is becoming the world's biggest oil importer. China is now importing 6.4 million barrels of oil per day. This may rise to 9 million barrels per day by 2020, a staggering 70 percent of that country's oil needs.
World Depends on Two Countries for Increase in Oil Production
Oil Price - 11/11/2013 11:59:04 PM
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Top 10 oil and gas producing countries in 2012
Mining - 6/14/2013 10:46:25 PM
World oil production rose about 2.5% last year ... with 395 million tonnes of oil produced last year. Eight out of 10 countries increased their oil output and only two — Iran and Mexico — fell. The US is the leader in terms of oil production growth ...
Domestic oil production approaching refinery capacity
The Bismarck Tribune - 7/24/2014 9:45:27 AM
North Dakota, where oil production was stagnant and even declining ... With the U.S. on the verge of becoming the largest oil-producing country in the world as early as 2014 and lack of refining capacity for light sweet crude, exchanges involving ...