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
OPEC’s Control Over Global Oil Prices Slips Away – Analysis
Eurasia Review - 4/30/2016 4:51:46 AM
Across the world, higher oil prices caused a jump in inflation ... In the early 1980s, for example, OPEC countries, agreed to cut production to keep prices high. But though Saudi production fell from 10,000 barrels per day in 1980 to half that by 1985 ...
OPEC Members Fail to Reach Deal on Production Freeze, Oil Tumbles
SoloNews - 4/29/2016 10:25:14 PM
With those sanctions now lifted as a result of Iran's nuclear accord with world powers, Tehran wants to increase its daily oil ... Exporting Countries (OPEC). Iran's absence from the meeting was due to the country's ambition to ramp up production by ...
World Bank raises 2016 oil price forecast to $41 per barrel
Bills Insider - 4/29/2016 3:34:13 AM
The World Bank (WB) predicts a decline in oil supplies from the non-OPEC countries by 0.7 million barrels per day in 2016 mainly due to a decrease in production at the USA onshore fields, said WB latest Commodity Markets Outlook. The bank's latest ...
Oil Patch Relieved by Price Rebound
Wall Street Journal - 4/30/2016 2:07:08 AM
Declining U.S. production, corporate cost-cutting and production outages around the world have raised hopes ... of the Petroleum Exporting Countries and reports that showed continued declines in U.S. oil production. Light, sweet crude for June delivery ...
Production From This Key OPEC Member Just Fell 61% In A Day
Senegal Actu - 4/30/2016 2:14:17 AM
The February meeting in Doha was a good platform for opening communication channels between the concerned oil producing countries ... of Iran's nuclear accord with world powers, Tehran wants to increase its daily oil production by 1 million barrels ...
Guerrillas and rebels do for world oil market what producers couldn't
Houma Today - 4/29/2016 11:19:30 AM
"The world has become highly prone to disruptions of supply in vulnerable petro states." An effort by the largest oil-producing countries to seal a deal to freeze production failed after an April 17 meeting among OPEC members and nations outside the group ...
OPEC Builds Confidence In Global Oil Markets
Forbes - 4/29/2016 11:58:17 PM
As we closed out the first quarter of 2016, a production freeze proposed by the Organization of the Petroleum Exporting Countries (OPEC) created some optimism about achieving balance in the global oil markets ... to the rest of the world.
Brent crude oil rises by almost 4% against World Bank forecast
Laurel Leader-Call - 4/29/2016 4:10:01 AM
However, the World Bank yesterday said crude oil market rebounded to $40 per barrel in April following production disruptions in Iraq and Nigeria and a decline in non-Organisation of the Petroleum Exporting Countries (OPEC) production, mainly USA shale.
World Bank raises 2016 oil price forecast
iNews Today - 4/29/2016 4:38:39 AM
However, the World Bank yesterday said crude oil market rebounded to $40 per barrel in April following production disruptions in Iraq and Nigeria and a decline in non-Organisation of the Petroleum Exporting Countries (OPEC) production, mainly US shale.
OPEC fails to agree on production cut after Iran, Saudi Arabia disagreement
Bonham Journal - 4/30/2016 1:24:11 AM
... members from the Organisation of Oil Exporting Countries were expected to agree to stabilise output at January levels until October 2016. Saudi Arabia, the world's biggest exporter, says any production freeze must be binding to all OPEC producers.
There will be pandemonium: The end of the old oil order has already begun
Salon - 4/29/2016 8:27:42 AM
The leaders of these countries were well aware of one thing ... we are indeed entering a new world in which, among other things, the titans of oil production will no longer hold sway over our lives as they have in the past. This, in fact, appears to ...
Will oil prices drop to $20 a barrel?
Ambiente Já - 4/30/2016 2:42:55 AM
The world's key oil producing countries failed to deliver any concrete agreement to freeze production at the end of their ministerial meeting in Doha, Qatar on Sunday amid disagreements on the wording of the agreement. With Monday's news that OPEC members ...
Oil prices recover after early rout
bilbaoya.com - 4/30/2016 3:18:43 AM
... after rising tensions between the world's largest crude producers derailed plans to tackle the market's crippling oversupply by freezing oil production levels. The Organization of Petroleum Exporting Countries (OPEC) and other major producers are ...
Oil freeze talks collapse
Investment Underground - 4/30/2016 2:35:46 AM
Iran's absence from the meeting was due to the country's ambition to ramp up production by one million barrels ... 2016 in Vienna, Austria. Oil prices are heading south after the world's top producers failed to reach a deal on freezing output.
Nymex oil hits 5-month high on weak U.S. production data
NYSE Post - 4/29/2016 9:06:29 PM
World oil prices rebounded to 2016 highs for the third straight day on Thursday, buoyed by the weaker dollar and sliding USA production, dealers said ... idled shale operations in the country could be brought online once again. A Reuters survey showed ...