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, 2012
See also: Oil - production mapRelated News
Chevron Can Bubble To $145 On Improving Production Outlook
Forbes - 5/23/2013 4:31:39 PM
Chevron’s price estimate updated to near $1145 apiece on rising production and stable demand. Chevron’s ongoing large scale natural gas projects in Australia are expected to boost its production by more than 20% by 2017. Crude oil prices ...
Global oil boom forcing Saudi Arabia to cut oil production
fuelfix.com - 5/23/2013 12:46:45 AM
Saudi Arabia has cut crude oil production this year and will have to cut it further if it wants to prevent a significant drop in the global oil price, according to the latest Global Crude Oil Outlook from Energy Security Analysis Inc. The ...
US boom transforming global oil trade
WOOD - 5/22/2013 10:16:26 PM
NEW YORK (AP) — The surge in oil production in the U.S. and Canada and shrinking oil consumption in the developed world is transforming the global oil market. The threat of chronic oil shortages is all but gone, U.S. dependence on Middle ...
Why Are OPEC Countries Abandoning Oil Consumption?
Daily Finance - 5/17/2013 1:43:58 AM
The first thought that comes to mind with OPEC is oil. This collection of countries is responsible for over 40% of all oil production around the world. For many of these countries, oil is far and away the largest source of governmental revenue. In Saudi ...
With U.S. Awash in Oil, Keystone Argument Weakens
Bloomberg - 5/23/2013 7:09:07 PM
That means an additional 1.4 million barrels of U.S.-produced oil will be available each day--about twice as much as the Keystone would bring in from Canada. Although the United States will still need foreign oil for years to come, declining ...
Oil flow shifting direction
Durango Herald - 5/19/2013 6:35:05 AM
Americans created the world oil market more than a century ago ... If prices fall, however, members could be asked to cut production at a time when those countries desperately need oil revenue to fund domestic programs. “Pressure on OPEC is going ...
OIL MARKET IS BEING RESHAPED BY U.S. BOOM
Utsandiego - 5/19/2013 12:04:22 PM
“It will affect relationships between countries. Most leaders believe they ... the political and economic benefits of lower U.S. imports, however. Because the oil market is global, a supply disruption in the Middle East would send prices higher ...
World eyes Gulf nations as demand for oil grows
Gulf News - 5/19/2013 11:53:02 PM
The latest and most up to date products, services and technology for oil and gas exploration, production, processing, maintenance, new refining will be required more in this region than anywhere in the world. Adipec is already established as one of the ...
Oil and pipelines driving Canada's economy
United Press International - 5/24/2013 10:11:04 AM
QUEBEC CITY, May 24 (UPI) -- Natural resources form "one of the cornerstones" of the Canadian federal and provincial economies, Natural Resources Minister Joe Oliver said. Canada is the one of the Top 10 oil producers in the world. The Canadian ...
When oil forecasts get it wrong
The Christian Science Monitor - 5/20/2013 9:43:00 PM
So, what made the IEA so sanguine about oil supply growth in the year 2000? It cited the revolution taking place in deepwater drilling technology which was expected to allow the extraction of oil supplies ample for the world's needs for decades ...
Oil sector not yet ready to apply cabotage rule
Jakarta Post - 5/23/2013 5:40:14 AM
Indonesia, a former member of the Organization of the Petroleum Exporting Countries (OPEC), may experience a further decline in its crude oil production as the exemption for oil and gas vessels from the cabotage rule is set to expire in 2015 ...
South Sudan cuts oil output
worldbulletin.net - 5/21/2013 11:57:50 PM
South Sudan has almost halved its oil production as it faces new "problems" exporting crude to Sudan, it said on Tuesday, suspecting its long-time rival had closed a cross-border pipeline ... The cut in oil production is bad news for both African countries ...
Oil Pipelines to Drive Canada Economy Like 1880s Railroad
Businessweek - 5/22/2013 4:32:50 PM
“We’re a commodity producing country and we can’t hide from that. Pipelines define who we are ... data compiled by Bloomberg show. Enbridge (ENB) fell 0.1 percent to C$48.59 at the close today in Toronto, cutting its gain this year to ...
Afghanistan to start first commercial oil production in July
pakistantoday.com.pk - 5/20/2013 1:40:25 AM
Shahrani quoted by ABC News said, the oil production will eventually supply oil domestically in a bid to prevent oil import from outside the country. In the meantime Australia has pledged to provide training opportunities for the Afghan mines officials in ...
Senator Menendez: The Oil Conservation Revolution
Think Progress - 5/22/2013 3:28:24 PM
As Chairman of the Foreign Relations Committee, I see a lot of fanfare applauding increased oil production in the U.S. and the increase ... and truly end the world’s dependence on energy from unstable parts of the world, we need to use a ...
