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
Global Oil Output Freeze: Another OPEC Folly?
Forbes - 9/24/2016 3:26:19 PM
Ever since the OPEC cartel and Saudi Arabia assumed control of the world oil supply, they have applied many strategies to master the oil market. Sometimes they acted in the role of “swing” producer, filling occasional gaps created by production ...
Why Iraq’s Oil Production Has Reached It Limits
peakoil.com - 9/24/2016 8:55:36 PM
Iraq has succeeded in ramping up oil production by more than 1 million barrels per day over the past two years, a remarkable achievement for a country that was torn apart ... largest oil field in the entire world, will see production stay flat at 1.4 ...
Oil Tumbles on More OPEC Skepticism
The Wall Street Journal - 9/23/2016 9:51:04 AM
Oil prices sank Friday on more skepticism that the world’s largest exporters are about to start ... Saudi Arabia doesn’t expect the Organization of the Petroleum Exporting Countries to reach an agreement when it meets later this month in Algeria ...
Mexico Energy Profile: Among Largest Sources Of US Oil Imports – Analysis
Eurasia Review - 9/24/2016 1:21:39 AM
Cantarell was once one of the largest oil fields in the world, but its output has been declining ... light crude oil from the southern part of the country, accounting for 76% of Mexico’s onshore production. The largest oilfield in the south of Mexico ...
The Oil Imbroglio
theindianeconomist.com - 9/24/2016 1:35:58 AM
Under that scenario, world supply meets demand of ... Libya Oil Production: Crude oil production disruptions in Nigeria were still about 500,000 barrels per day (b/d) in August. The country will try to restore output to 2 mmbd as soon as it can.
Saudis offer oil cut for OPEC deal if Iran freezes output: sources
investing.com - 9/22/2016 11:56:56 PM
The group, which produces a third of the world's oil, will also have a formal gathering ... "Our goal is to reach a consensus and look at different scenarios for the production levels of the OPEC countries. We are looking forward to a credible and ...
Oil slumps 4 percent as no output deal expected for OPEC
egyptindependent.com - 9/24/2016 11:51:35 AM
Crude futures slumped after sources said Saudi Arabia did not expect a decision in Algeria where the Organization of the Petroleum Exporting Countries ... the world's largest oil exporter, also hit record highs in production this week.
Venezuela Oil Price Falls for 4th Consecutive Week
Latin American Herald Tribune - 9/24/2016 11:47:24 PM
Oil is the main export of Venezuela and provides most of the country's foreign currency. As of 2015, Venezuela had nearly 298 billion barrels of proved oil reserves -- the largest in the world ... member -- that its production was 2.364 million barrels ...
International Oil Prices: How much influence Saudi Arabia still exerts
timesofislamabad.com - 9/24/2016 6:29:27 AM
Support came from data showing US commercial inventories fell more than six million barrels last week, suggesting stronger demand in the world’s top oil-consuming country. Libya and Nigeria continued to struggle to raise production. Libya’s effort to ...
Oil Price Outlook: Production Freeze in Play at Algeria Summit
economiccalendar.com - 9/24/2016 7:22:33 PM
OPEC member-states such as Venezuela are particularly vulnerable to sustained low oil prices, but wealthier countries like ... deal with six major world powers. Economic Calendar reported Friday that even a deal to freeze production probably wouldn ...
Iraq sets ceiling on oil production before Algeria meeting
thelakeandeswave.com - 9/24/2016 4:06:17 AM
Saudi Arabia, which in recent years has declined to act as the world's swing producer to balance ... It is expected that the talks on oil production freeze will be held between OPEC and non-OPEC countries. "These are different things", he said.
Russia Said to Plan Joining Oil Talks Provided OPEC Reaches Deal
hellenicshippingnews.com - 9/23/2016 8:49:38 PM
Saudi Arabia, the world’s largest oil ... if its regional rival were to cap production at 3.6 million, according to two people familiar with the matter. Other proposals were also discussed by oil officials from the countries at the headquarters of ...
Saudis Said to Have Offered to Cut Oil Output; No Deal Reached
naija247news.com - 9/24/2016 5:17:52 AM
Saudi Arabia, the world ... to cap production at 3.6 million, according to two people familiar with the matter, who asked not to be identified because the talks were private. Other proposals were also discussed by oil officials from the countries at ...
Algiers forum and oil stability Algorithm
Vanguard - 9/24/2016 1:43:07 AM
He also held a meeting with OPEC Secretary General, Nigeria’sMuhammed Barkindo on the world oil market ... about 33 percent new production. (Boston Consulting Group) Survivals of some countries threatened by depressing oil prices are devaluing currencies.
Saudi offers oil cut for Opec accord if Iran freezes output
gdnonline.com - 9/24/2016 7:26:43 AM
The group, which produces a third of the world’s oil, will also have a formal gathering ... “Our goal is to reach a consensus and look at different scenarios for the production levels of the Opec countries.” “We are looking forward to a credible ...