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
This Is How Many Barrels of Oil the 13 OPEC Countries Produced Last Month
The Motley Fool - 3/24/2017 7:48:17 AM
and how the different OPEC countries are affected by oil prices. OPEC's oil production and how it compares to the rest of the world According to the U.S. Energy Information Administration, 96 different countries produce crude oil, with estimates ranging ...
OPEC, non-OPEC committee recommends extending oil output cut by six months
Yahoo Finance - 3/26/2017 11:20:40 AM
OPEC and rival oil-producing countries were meeting in Kuwait to review progress ... We assured ourselves and the world that we would reach our adjustment to 100 percent conformity," Marzouq said.
Russia says oil cuts may be extended amid high compliance
FOX News - 3/26/2017 11:27:49 AM
OPEC agreed in late November to cut its production by 1.2 million barrels a day, the first reduction agreed to by the cartel since 2008. Nearly a dozen other countries pledged in December to cut an additional 558,000 barrels a day. Crude oil sold for over ...
As Thailand ramps up its palm oil sector, peat forests feel the pressure
Mongabay - 3/23/2017 11:55:50 PM
Thailand is aiming to increase its domestic palm oil production ... country’s palm oil sector. Expansion of land areas dedicated to growing oil palm continues to soar worldwide. In 2009, oil palm plantations accounted for approximately 10 percent of the ...
Don't look now, but OPEC is losing its ability to control the price of oil | Mulshine
New Jersey Online - 3/26/2017 6:20:01 AM
But one of the more important developments in recent history is occurring in the world of oil ... as shale-oil production has become price-competitive with conventional oil. The OPEC countries, particularly Saudi Arabia, have been dictating to us since ...
Is OPEC Losing Its Ability to Influence Oil Prices?
forexfactory.com - 3/21/2017 7:33:21 PM
The Organization for Petroleum Exporting Countries (OPEC) has exerted a great deal of control over world-wide oil production and prices since 1960.1 The figure below shows the percentage of oil production by country for 2015. OPEC member nations made up 42 ...
OPEC, non-OPEC oil producers meet in Kuwait over output-cut compliance
Reuters - 3/26/2017 10:01:55 AM
Iraq's oil production is running at 4.312 million bpd in March, Luaibi said, adding that his country had cut its oil exports by 187,000 ... We assured ourselves and the world that we would reach our adjustment to 100 percent conformity," Marzouq said.
Russia remains world’s top oil producer in January
India - 3/21/2017 10:39:28 PM
Moscow, March 22 (IANS) Russia continued to be the world’s largest oil producer in January ... of the Petroleum Exporting Countries (OPEC) and 11 non-OPEC producers, including Russia, agreed in November 2016 to trim production by a total of 1.8 million ...
Exxon applies for Guyana oil production license
Seeking Alpha - 3/15/2017 5:10:09 PM
Exxon Mobil (NYSE:XOM) has asked Guyana's government for a production license to let it start pumping oil from the seabed by late 2019, in the country's first-ever oil ... wells off Guyana discovered a "world-class" reservoir that could hold up to 1.4B ...
Saudi pledges stable oil supply as market confused by data
hellenicshippingnews.com - 3/24/2017 11:23:02 AM
On Jan. 1, a deal between the Organization of the Petroleum Exporting Countries and some non-OPEC states to curb production by 1.8 million bpd ... Saudi Arabia, the world’s top oil exporter, has long been OPEC’s only holder of significant spare ...
Oil rises as US fuel-supply drop counters crude-stockpile gain
BusinessMirror. - 3/25/2017 4:29:39 PM
Oil rose as an increase in US crude inventories ... as swollen US inventories and rising American production weighed on output cuts by the Organization of the Petroleum Exporting Countries (Opec) and other producers. While Opec won’t decide until May ...
Cutting oil production aims to rebalance oil market -- Oil Min.
KUNA - 3/26/2017 10:23:24 AM
آ آ آ Al-Marzouq told reporters before the start of the second meeting of the Joint Ministerial Committee to monitor the oil market ... East Asian countries than North America and Europe." آ آ آ And on the agreement on reducing production and ...
Should You Invest Your Tax Refund In Oil?
Forbes - 3/23/2017 5:33:28 AM
Statements from states that centrally manage oil production can be particularly influential ... because Russia is currently the world’s top oil producer and the country maintains close control over the industry. In particular, the oil market tends ...
Oil edges up as Saudis cut supplies to US, but global glut remains
The Hindu Business Line - 3/24/2017 6:58:11 AM
which has pushed up US oil production by more than 8 per cent since mid-2016 to just above 9.1 million bpd. To other major consumer regions, however, Saudi exports remain high despite an effort led by the Organization of the Petroleum Exporting Countries ...
Oil Prices Continue to Fall as Glut Worries Continue
Fox Business - 3/22/2017 3:00:09 PM
Saudi Arabia, the world's largest oil exporter ... Russian news agency, Tass, earlier this week reported that the country slashed its oil production by 161,000 barrels a day as of March 19 compared with the October 2016 level, the baseline used by the ...