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
Arctic braced for oil rush as Shell eyes return to Alaska
Daily Telegraph - 3/29/2015 2:21:01 AM
Shell’s plan for the Chukchi may involve using two rigs to reach production eventually ... Most of the new oil to meet world demand over the next 20 years will come from existing resources owned by countries such as Saudi Arabia, Iran and the Gulf ...
Oil surges after Saudi strikes in Yemen
CNN Money - 3/26/2015 3:31:59 PM
It has the world's largest proven oil reserves and production capacity. The country's leading position within the OPEC cartel makes it a key player in setting world oil prices. Adding to the uncertainty is Yemen's strategic location on a shipping route ...
Oil Producers Sound Retreat From China
Wall Street Journal - 3/27/2015 11:20:15 AM
BEIJING—Global oil companies ... and-production strategy in China. It declined to provide a breakdown of its China spending this year. Shell says it remains committed to China and cooperating with PetroChina on projects around the world.
Iran oil to put pressure on prices as nuclear talks in critical stage
Gulf News - 3/28/2015 12:44:58 PM
holds the world’s fourth-largest proved crude oil reserves and the world’s second-largest natural gas reserves. The country’s oil production has declined over the years due to international sanctions. Justin Dargin, a global energy expert at the ...
These 2 emerging giants are the biggest beneficiaries of cheap oil
The Business Insider - 3/27/2015 8:17:08 PM
With the possible addition of Iranian oil to the global oil supply, the refusal of OPEC to cut down its production levels ... is the fourth largest global consumer of oil in the world. Since the country imports around 80% of its total crude oil requirement ...
Schlumberger - One Of The Best Current Oil Plays
Seeking Alpha - 3/26/2015 5:12:12 PM
Much of this demand is coming from a growing middle class and demand from developing countries. This is significant ... from where the majority of Saudi Arabia's oil production comes from and over 5% of the world's oil production. However, this field ...
Saudi Arabia, Kuwait to beef up oil security after Yemen strikes
Arabian Business - 3/28/2015 7:01:22 AM
Oil prices rallied on Thursday after the air strikes in Yemen, on the borders of Saudi Arabia, sparking fears of a wider Middle East conflict that could disrupt world ... oil production was about 100,000 barrels per day (bpd) in March 2014. The country ...
US drillers are fighting back against OPEC, low oil prices
The Augusta Chronicle - 3/27/2015 6:22:36 PM
NEW YORK — OPEC and lower global oil prices have delivered ... oil and gas producer in the world. The increase alone in daily U.S. production since 2008 – nearly 4.5 million barrels per day – is more than any OPEC country produces other than Saudi ...
3 Very Real Reasons Why Lower Oil Prices Could Be The Catalyst For World War III
MARKET DAILY NEWS - 3/27/2015 8:31:27 PM
This increased level of production has quickly led to the United States resuming her position as the leading oil producing country in the world, a title not held for more than a decade. Have you ever wondered how billionaires continue to get RICHER ...
Jim Cramer -- Welcome to a New Oil World No Longer Beholden to Saudi Arabia
The Street - 3/27/2015 9:54:21 AM
much to the chagrin of a regime that has 10 million barrels a day of production and is still the swing producer in the world that can influence price more than any country on earth. And this is all that oil can mount? A meager couple of bucks on the news ...
Indexology®: Hedging Geopolitical Risk With Oil
ETF Trends Setting The Pace - 3/28/2015 11:33:23 AM
As a notable example, in the early part of 2014, conflicts in Libya and Iraq led to temporary outages in their oil production, keeping world prices high, even as supply elsewhere in the world continued to ramp up. When production from those two countries ...
FACTBOX-Oil production cost estimates by country
Reuters - 7/28/2009 5:19:37 AM
July 28 (Reuters) - The cost of pumping ... other individual countries, obtained from traders and industry analysts. It also gives the International Energy Agency's more general assessment of costs for the oil-producing regions of the world.
Everything you want to know about falling oil prices
The Economist online - 3/17/2015 11:56:35 PM
Why is the oil price falling ... contributing to a glut on world markets. Other producers have decided not to try to curb their production and keep the price up. The Organisation of Petroleum Exporting Countries is dominated by Gulf producers, notably ...
PM sets sight on 10% cut in oil imports by 2022
Times of India - 3/27/2015 11:23:15 PM
Modi said if imports were cut by 10% by 2022, the country could look at halving it by 2030. "This 10%, we will produce ourselves and this should be our dream," he added. India is the fourth largest oil importer in the world after US, China and Japan.
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 ...