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
Russia open to meeting with major oil-producing countries
Quadrangle - 2/11/2016 10:24:40 PM
He also stated bluntly that with the lowest cost production in the world, the Kingdom could live with low ... referring to the closely-watched USA inventory data. The country has many rich oil plays which are just ready to pump big oil inventories.
OPEC January Production
Seeking Alpha - 2/11/2016 2:43:33 AM
Most other OPEC countries will, I believe, be flat to down slightly. Iraq increased production more than any other OPEC ... China is among the world's top five oil producers, but its fields are growing depleted and are increasingly expensive to pump.
IEA: Global oil demand to decline considerably
SoloNews - 2/12/2016 12:33:31 AM
Global crude production is outpacing demand following a boom in US shale oil and after a decision by the Organization of the Petroleum Exporting Countries past year not ... Those gathered for the World Government Summit in Dubai offered no immediate ...
United States oil price drops amid resilient production
Laurel Leader-Call - 2/11/2016 4:05:17 PM
Oil prices rallied on Tuesday in Asia after a three-day sell-off that saw the USA benchmark sink back below $30 a barrel, but analysts warned the ongoing supply glut and world economic weakness ... the supplies from OPEC countries will increase up to ...
Oil prices fall as US inventories hit record high, economic woes continue
Abruzzo Tv News - 2/12/2016 12:33:31 AM
USA oil price retreated Wednesday as data showed the oil production of the country fell less-than-expected. OPEC pointed to a larger oil supply surplus on the world market this year than previously thought as Saudi Arabia and other members pump more oil ...
IEA Warns Global Oil Glut Could Worsen
Comment - 2/12/2016 12:04:53 AM
Global oil production by OPEC countries increased by 280,000 barrels a day, last month, to 32.63 million, the IEA said. "By that time, every storage tank and swimming pool in the world will be filled with oil", Mr. Dudley said, warning that a price ...
Oil slumps close to 13-year low in New York
Channel News Asia - 2/11/2016 9:27:24 PM
LONDON: World ... oil stocks fell about 800,000 barrels for the week ending Feb 5. But they soon dropped back as traders took note of higher supplies of gasoline, a rise in stocks at the key Cushing, Oklahoma trading hub and a scant drop in oil production.
Iran's oil is for sale: Who benefits, who loses?
Al JAZEERA - 2/10/2016 9:18:27 AM
Assuming that Iran is able to increase oil production and exports to ... the gains to the oil-importing countries are modest, mostly in the range of between a quarter and half a percent, but the world as a whole is better off as the gains to oil importers ...
USA oil price drops amid resilient production
Tri-County Sun Times - 2/11/2016 1:56:26 PM
A separate EIA report issued Tuesday (http://www.marketwatch.com/story/eia-lowers-2016-wti-brent-oil-price-forecasts-2016-02-09) said USA crude-oil production averaged ... forecasts the supplies from OPEC countries will increase up to 39.16 million barrels ...
India steel output to grow by 7% in 2016: Platts
Economic Times - 2/11/2016 3:22:20 PM
"In 2015, out of the 10 largest steel production countries in the world, nine saw production cuts ... This is tempered by a continued slowdown in steel demand from the oil and gas industry. In 2015, the US produced 78.9 MT of crude steel, a decline ...
Oil's Geopolitical and Economic Connection
Economy Watch - 2/11/2016 7:11:24 PM
according to a report by the World Bank. Iran confirmed on January 18 that the country’s daily oil production of 2.9 million barrels would be immediately increased by half a million, and another million by the end of the year. In other words, Iran’s ...
Oil slumps close to 13-year low
Business Recorder - 2/11/2016 7:54:21 PM
LONDON: World ... oil stocks fell about 800,000 barrels for the week ending February 5. But they soon dropped back as traders took note of higher supplies of gasoline, a rise in stocks at the key Cushing, Oklahoma trading hub and a scant drop in oil ...
Russia's Sechin asks on oil output: Who is going to cut?
Reuters - 2/10/2016 12:31:43 PM
when asked if world oil exporters could reach consensus on cutting crude production, responded on Wednesday by asking which country would reduce their output. "Who's going to cut? Will the Saudis or Iran cut? Or should Russia cut alone?@ Sechin said to ...
Bloomberg: Oil Prices Could Jump 50% By The End Of 2016
Yahoo News - 2/11/2016 6:54:06 AM
Output from Russia, which vies with Saudi Arabia and the US as the world’s top producer ... Bernstein & Co. The country’s production set a post-Soviet high in January 2016 as output of crude and a light oil called condensate climbed 1.5 percent ...