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
Oil Wars The Beginning of The New World Order
News Wire - 12/18/2014 10:43:10 PM
As long as the oil price exceeds cash production costs, which it does in all OPEC countries, they in fact have an incentive to increase production, Roger Andrews estimated. In the US, experts agree that almost all US shale oil production is economic at ...
Angola: Retrospect 2014 - Block 17 Boosted Country's Oil Production
AllAfrica - 12/19/2014 1:45:07 PM
In reaching the average 1,7 million barrels/day, the country's hydrocarbon sector reached equal level of production of 2012 and 2013 ... not come true due to steep fall in the crude oil prices on the world market. That has been a price fall that has ...
Oil Supply Is Up, Forcing Oil Prices To Drop
Yahoo Finance - 12/19/2014 3:03:51 PM
Increase in production in other countries – Oil supply is high due to an ... The non-OPEC production growth has been outpacing the growth in world consumption for oil, as you can see in the graph above. The increase in oil supply, when contrasted ...
World Sets New Oil Production and Consumption Records
Energy Trends Insider - 7/9/2014 11:53:36 PM
Last month BP (NYSE: BP) released the Statistical Review of World Energy 2014. This report is one of the most comprehensive sources of global and country level statistics on production and consumption of oil, natural gas, coal, nuclear power and renewables.
Falling Oil Prices Could Affect Supply, Pemex CEO Says
Wall Street Journal - 12/19/2014 4:15:26 PM
As oil companies around the world cut costs and investments to offset the damage ... But Mexico finds itself in a good position for now—the Finance Ministry hedged the country’s production exports for this upcoming year at $76 per barrel.
The oil boom hasn't busted, but it's straining at the seams
High County News - 12/19/2014 2:42:23 PM
That seemed unlikely at the time: Many analysts predicted that it was only a matter of days before Saudi Arabia cut production, thus halting the price slide. What happened, instead, is that the Saudis thumbed their noses at the world’s other oil ...
Getting over oil
Earth Island Institute - 12/19/2014 11:53:34 PM
No country shall produce oil at above its present depletion ... if the world is to respond peacefully to the inevitable peaking of world oil production. While a voluntary agreement to limit oil production and imports would offer the benefits of lower ...
The countries slammed worst by plunging oil prices
CNBC - 12/6/2014 11:44:31 AM
The drop has taken a multibillion-dollar bite out of the world economies that depend heavily on oil production. It's also created a windfall for countries, companies and consumers that use all that oil. The latest evidence came in Friday's trade data ...
Why oil is down by half, what it means for you
Rushville Republican - 12/19/2014 6:57:05 AM
Since 2008 oil companies in the U.S., for example, have increased production ... last week that the world would need 28.9 million barrels of its oil per day next year, the lowest in more than a decade. At the same time, OPEC countries plan to produce ...
OPEC won’t act to halt falling oil prices, says chief
The Star - 12/14/2014 4:28:32 PM
Speaking at a forum in the Gulf commercial hub of Dubai, Abdullah al-Badri said continued investment by Gulf nations will help prevent a shortfall in oil supplies once demand picks back up. Increased production by non-OPEC countries is adding to world ...
20 countries seeing biggest increase in oil production
Rediff India Abroad - 11/8/2013 6:23:12 AM
3.11 million barrels per day Overall rank in oil production rise in 2012: 7 Canada, one of the most advanced countries in the world, has more than 4 per cent share of oil production. Change in share of world oil production (1973-2012): 0.59 per cent Share ...
Steep oil plunge slams Russia, Venezuela but US, China other big economies stand to benefit
Lethbridge Herald - 12/19/2014 6:31:27 PM
For countries that consume a large amount of the world’s oil, it’s a different story ... THE HOPEFULS: BRAZIL, COLOMBIA, MEXICO Ambitious plans to boost oil production in Brazil, Colombia and Mexico will almost certainly be pushed back.
Other views: Get the US back into oil-exporting
Lansing State Journal - 12/19/2014 7:07:14 PM
With the United States reestablishing itself as the world’s foremost oil ... In 1975, the U.S. was dependent on foreign oil, two-thirds of which was supplied by the unfriendly Organization of the Petroleum Exporting Countries. Four decades later, the ...
Why Russia Said 'No Deal' to OPEC on Cutting Oil Production
Businessweek - 11/26/2014 4:14:05 PM
No country is suffering more from plunging oil prices than Russia. The world’s biggest producer of crude ... of Petroleum Exporting Countries to shore up prices by cutting production? One explanation is that Moscow can’t easily turn off the tap ...
US oil production surge to break Saudi Arabia's grip on world energy
Daily Telegraph - 11/7/2014 8:51:20 AM
The report comes as Saudi Arabia - the world's largest oil exporter - appears willing ... oversupply and uncertainty over the future production policies of the Organisation of Petroleum Exporting Countries (Opec). The group of 12 mainly Middle East petro ...