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
Food Use Seen by Oil World Driving Cooking Oils as Biofuels Slow
Businessweek - 6/18/2013 3:17:51 PM
Food use will drive demand for vegetable oils and fats in 2012-13 as the world population grows and per-capita consumption rises, while biofuel use will increase at the slowest pace in a decade, Oil World forecast. Total use of 17 oils and fats ...
Keystone Seen Failing to Sop Up Canada Oil Glut: Energy Markets
Businessweek - 6/18/2013 6:09:39 PM
Even if U.S. President Barack Obama approves the Keystone XL pipeline, Canadian crude oil probably ... similarly-dated West Texas Intermediate, the U.S. benchmark grade, at 11:30 a.m. today, according to the Bloomberg Fair Value Index.
Stakeholders envision further drop in oil production
Vanguard - 6/18/2013 2:03:17 AM
Stakeholders in Nigeria’s oil and gas industry predict that the country may suffer even lower crude output than stated in last week’s report by the International Energy Agency, IEA, that Nigeria’s crude oil output declined to a six-month low to 1.96 ...
Forty percent of fishmeal and oil production is IFFO RS certified
fishupdate.com - 6/18/2013 2:06:16 PM
“Overall 103 plants in 10 countries are now IFFO RS certified, amounting to 40% of world combined fishmeal and fish oil production and 70% of that produced by IFFO members,” says Francisco Aldon Head of Standards at IFFO. “More factories are in the ...
As U.S. production soars, oil companies eye far horizons
fuelfix.com - 6/18/2013 4:47:56 AM
Even as much attention focuses on the Gulf of Mexico and U.S. onshore production from ... it easier to produce the oil and gas and deliver it to market. Outside the U.S., those elements aren’t uniform across the world. It may take years ...
Developing world oil demand surpasses wealthy nations: EIA
Reuters - 6/11/2013 9:52:42 PM
Ten years ago, the developing world consumed just two-thirds as much oil as wealthier countries, historical data from the ... a bigger share of post-2003 Iraqi oil development and production than international oil companies.
Iraq excludes Kurds from ambitious 2014 oil output target
Reuters - 6/18/2013 5:33:52 PM
LONDON, June 18 (Reuters) - Iraq aims to ramp up oil production by nearly 45 percent by the end of next year - without any input from its autonomous Kurdistan region - which suggests a lasting compromise in their long-running oil feud may be a ...
Iraq eyes 29% boost in oil production in 2014
Des Moines Register - 6/12/2013 6:52:34 PM
BAGHDAD (AP) - A senior Iraqi official on Wednesday said his country expects to ramp up oil production to 4.5 million barrels per ... which sits atop the world's fourth largest proven reserves of conventional crude, is also aiming to produce 9 million ...
World Oil Market Facing Product Glut: IEA
CNBC - 6/12/2013 9:05:35 AM
The world is heading for a glut of refined products as new Asian and Middle East refineries increase oil processing in a move likely to force less advanced competitors in developed countries to close ... signs that China's oil use, like its economy ...
Another New Oil Production Record For North Dakota In April
Seeking Alpha - 6/17/2013 5:56:32 PM
North Dakota set another new monthly oil production record at 793,302 barrels per day (bpd) in April according to oil production data released last Friday by North Dakota's Department of Mineral Resources (see chart below). For the ninth month in a row ...
Even if approved, Keystone seen failing to relieve Canada’s oil glut
Financial Post - 6/18/2013 8:54:18 PM
That means at least 1.3 million barrels of extra production will need to move out of the country by then. The four existing routes from Alberta to the U.S. West and Midwest have a combined capacity of 3.7 million barrels a day, more than the 3.2 ...
BP statistical review reveals biggest annual increase in US oil production, as world energy system adapts to changing global dynamics
OilVoice - 6/12/2013 10:45:48 AM
World natural gas consumption grew by 2.2%, below the historical average of 2.7%. World primary energy consumption grew by 1.8% in 2012, well below the 10-year average of 2.6%. Consumption in OECD countries ... except Africa. Oil remains the world ...
Americans Exporting More Oil First Time Since ’70s
Bloomberg - 6/18/2013 3:57:49 AM
The U.S. oil boom is moving Congress closer than it has been in more than three decades to easing the ban on exporting crude imposed after the Arab embargo. Advances such as hydraulic fracturing are leading to record production that may outstrip ...
A Protest in U.S. Oil Country Spells Trouble for Fracking Abroad
Bloomberg - 6/18/2013 8:39:59 PM
The residents’ main objection however is largely unspoken: Unlike TV’s oil-soaked Beverly Hillbillies, or the many landowners who became fracking millionaires, the Texans don’t really get paid for their inconvenience and worry. In the U.S ...
