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
New Saudi King signals no change on continuing oil production
For Argyll - 1/27/2015 12:58:52 PM
in oil production policy at least ... Since June last year, 2014, OPEC[ Organization of Petroleum Exporting Countries’, of which Saudi Arabia is the largest producer and the most powerful voice, has refused to cut its output to keep demand at a level ...
Oil price 'too low': Saudi Aramco chief
Channel News Asia - 1/27/2015 10:07:04 AM
... the world's largest oil company in terms of crude production and exports. The kingdom is the world's leading oil exporter and the top producer in the Organization of the Petroleum Exporting Countries (OPEC). In November, the cartel decided to maintain ...
10 Key Points about U.S. and World Oil Supply
Falls Church News-Press - 1/26/2015 2:25:57 PM
Outside North America, world oil production is flat. The world’s largest oil producer ... Higher oil prices started cutting demand for oil in OECD countries back in 2005-07; more cutbacks appear likely (except in the U.S., in the short term, where ...
Oil politics: Why Obama's Taj visit was cancelled due to Saudi King's death
Firstpost - 1/27/2015 11:40:07 AM
the country which was by then home to the largest oil reserves in the world. Ian Carson and V.V. Vaitheeswaran point this out in their 2007 book, Zoom—The Global Race to Fuel the Car of the Future. Car production had come to a standstill in the United ...
Oil price 'too low': Saudi Aramco chief Khalid al-Falih
Economic Times - 1/27/2015 10:35:42 AM
Saudi Aramco is the world's largest oil company in terms of crude production and exports. The kingdom is the leading exporter and top producer in the Organization of the Petroleum Exporting Countries (OPEC). In November, the cartel decided to maintain its ...
Oil price 'too low' - Saudi Aramco
Iafrica - 1/27/2015 8:05:22 AM
... the world's largest oil company in terms of crude production and exports. Saudi Arabia is the world's leading oil exporter and the top producer in the Organization of the Petroleum Exporting Countries (OPEC). In November the cartel decided to maintain ...
Where's the oil price outrage? Our view
USA Today - 1/26/2015 6:43:39 PM
Since 2010, domestic crude oil production has shot up by 2 million barrels a day. Combined with biofuels and liquids made from natural gas, this surge has made the United States the world's largest producer. Few people saw this surge coming. Until recently ...
5 reasons why oil prices won't be recovering anytime soon
Environment Energy Publishing - 1/27/2015 4:52:06 AM
When the world has plenty of oil ... Sooner or later, these countries may have to drastically reduce their oil production. But given the economic and political consequences facing them, don't be surprised if it's a last resort.
Domestic oil production bolsters trucking, economy
Las Vegas Review-Journal - 1/27/2015 7:58:13 AM
Every day, we pass by at least one truck delivering goods across our country. It probably barely registers ... prices and offer future predictability is to increase domestic production of oil. In fact, current low oil prices are a direct result of ...
Saudi firm says oil price ‘too low’
The Rakyat Post - 1/27/2015 8:12:32 AM
Falih also said American shale oil production is important for the world’s long-term energy future and Saudi ... and the top producer in the Organisation of the Petroleum Exporting Countries (OPEC). In November, the cartel decided to maintain its output ...
World’s largest oil refinery adds algae demonstration project
Biofuels Digest - 1/27/2015 5:27:53 AM
India is the world’s third largest producer of CO2 and the facility’s ethanol and renewable crude oil production could help meet critical demand for energy in the country as well as help to reduce green house emissions from carbon dioxide. Algenol’s ...
Author Middelkoop: Oil Price Decline Represents US 'Economic Warfare'
News Max - 1/26/2015 7:16:27 AM
The plunge of oil prices to 5 ½-year lows stems partly ... IEA [International Energy Agency] — they claim that total world demand will be around 92 million barrels per day and total world production will be a share of 93 million barrels per day.
New King In Saudi Arabia But Same Old Oil Policy
The Motley Fool - 1/26/2015 1:43:00 PM
This article was written by Oilprice.com, the leading provider of energy news in the world. Check out these ... decline since data collection began by oil services firm Baker Hughes, dating back to 1987. Production cuts will eventually follow.
OPEC’s El-Badri Says $200 Oil Possible With Lack of Spending
Businessweek - 1/26/2015 7:05:07 PM
Investment in oil production will fall by $100 billion, or 15 percent, this year compared with 2014, Fatih Birol, chief economist at the IEA, said at the World Economic Forum in Davos, Switzerland on Jan. 21. This means oil at $45 a barrel will be a ...
East Africa: Weak Global Economy Dampens EAC Oil Hopes
AllAfrica - 1/26/2015 11:41:18 AM
The World Bank says in its 2015 global economic prospect report that several low-income countries, including those in East ... especially coffee and tea but that could change if oil production starts in Uganda and Kenya as well as gas in Tanzania.