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
10 Countries Most Reliant on Oil
INSIDER MONKEY - 1/18/2017 11:35:42 AM
... how much of the GDP the oil rents (difference between the value of crude oil production at world prices and total costs of production) were in 2014 for a number of countries. We compiled all this data, offered points for each nation, depending on ...
China's Oil Collapse Is Unintentionally Helping OPEC
Bloomberg - 1/17/2017 7:15:01 PM
Brent crude, benchmark for half of the world’s oil, averaged about $45 a barrel ... output as much as expected because of high production costs, said Bernstein’s Neil Beveridge, who forecasts the country will pump 4 percent less this year.
Oil Production Here Is Declining Faster Than Anywhere On Earth
Oil Price - 1/18/2017 9:48:19 AM
In fact, the decline is substantially greater than production pullbacks anywhere else in the world ... Pacific’s “big four” oil producers — China, Indonesia, Malaysia, and Thailand. Coming as big fields in those countries hit maturity — thus ...
OPEC slashes production but sees higher U.S. output ahead
Fuel Fix - 1/18/2017 2:48:58 PM
Crude production in Saudi Arabia and other member nations of the Organization of Petroleum Exporting Countries dropped by 220,900 barrels a day last month, the month before the group has promised to begin slashing its oil output by 1.2 million barrels a day.
Rising U.S. shale-oil output threatens OPEC’s production pact
hellenicshippingnews.com - 1/18/2017 2:41:49 PM
The oil market got a stark reminder ... 41,000 barrels a day in February oil production to 4.748 million barrels a day. “That is bearish for oil and a concern for [the Organization of the Petroleum Exporting Countries,” said James Williams, energy ...
Land Rush in Permian Basin, Where Oil Is Stacked Like a Layer Cake
nytimes.com - 1/18/2017 8:15:16 AM
“The Permian Basin has now become the crown jewel of the world’s oil and gas industry,” said Scott ... firming as members of the Organization of the Petroleum Exporting Countries moved to cut production. The Bass family had tried to sell its private ...
Oil prices drop nearly 2% on dollar strength, shale worries
Market Watch - 1/18/2017 9:41:10 AM
Investors are getting jittery about reports of rising U.S. shale oil production that could wipe out the price gains made since the Organization of the Petroleum Exporting Countries and other ... that Saudi Arabia, the world’s top crude exporter ...
World Energy Trends: What’s New in Floating Production
Marine Link - 1/18/2017 10:05:37 PM
(Source: IMA/World Energy Reports ... Maritime Reporter TV) Oil pricing continues to hover in the mid-$50s, market confidence is slowly returning and the production floater fabrication market is stirring. A major order for a production semi was placed ...
Oil Prices Fall; U.S. Shale Production To Blame
Barron's - 1/18/2017 1:44:33 PM
While production from OPEC has fallen, climbing output from countries ... the world’s top crude exporter, previously committed to cutting. Earlier in the week, the U.S. Energy Information Administration projected that shale oil production would increase ...
Oil prices will be much more volatile in 2017: IEA
Reuters - 1/15/2017 9:16:05 AM
ABU DHABI Global oil ... the world's second-largest oil consumer, China, after it reported the steepest falls in overall exports since 2009. [O/R] Birol said although the OPEC agreement could signal higher oil prices, it would also encourage more ...
Curacao: Could Guyana end up among the world's major oil producers?
Entorno Inteligente - 1/18/2017 5:26:27 PM
GEORGETOWN - A leading consultancy firm says Guyana is poised to join the world's major oil producing countries on the heels of the latest oil find. Last Thursday, international oil and gas company Exxon Mobil struck liquid gold a second time in its ...
Oil Futures Settle Lower
www.dtnpf.com - 1/18/2017 9:29:50 PM
a stronger dollar and concerns that rising U.S. oil shale production could undermine efforts to reduce global oil supply glut by the Organization of Petroleum Exporting Countries and non-OPEC oil producers. The dollar index rebounded from a five-week low ...
Oil Prices Higher Ahead of U.S., OPEC Production Data
ih.advfn.com - 1/17/2017 11:18:24 PM
On Tuesday, China's top economic planning body said the country's oil production will likely fall to ... gainers of China's growing thirst. China's falling production comes at a time when the world's top crude suppliers, including 10 of the 13 members ...
Russia ready to do its part as OPEC countries agree on oil output cut
MercoPress - 1/9/2017 1:48:04 PM
“Our negotiations with non-OPEC countries also make it possible for us to expect ... deal participants to market stabilization efforts is much higher than the world’s oil production surplus and makes it possible to intensify the rebalancing process ...