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
US Will Never Gain Oil Market Crown Says IEA Head
The Motley Fool - 3/2/2015 2:27:23 PM
... production growth is good to diversify the market but it will not solve the world's oil problems." Certainly, Birol acknowledged, 2014 crude production by countries that are not among OPEC's 12 members was greater than it had been in three decades ...
Oil falls 1 percent on weak China outlook, higher Libya production
The Business Insider - 3/1/2015 9:02:17 PM
The bank expects Beijing to lower the country's growth target ... following a recovery in Libya's oil production to more than 400,000 barrels per day (bpd). Iraq's Oil Minister Adel Abdel Mehdi said on Sunday world oil prices were gradually rebounding ...
Shale Gas and Tight Oil Are Commercially Produced in Just Four Countries
Al-Jazeerah - 2/21/2015 3:39:30 AM
Republished to clarify China and Argentina's production of shale gas and tight oil, respectively. The United States, Canada, China, and Argentina are currently the only four countries in the world that are producing commercial volumes of either natural gas ...
Counter OPEC’s Power by Boosting American Crude Oil Exports
The Morrow County Sentinel - 3/2/2015 2:34:33 PM
Drivers can mostly thank the highest level of domestic oil production in four decades — over 9 million ... But Saudi Arabia, Kuwait, and the rest of the Organization of Petroleum Exporting Countries (OPEC) have recently launched a price war to force ...
Venezuela: A Closer Look at the Oil Economy of Venezuela
Live Trading News - 2/28/2015 11:40:57 PM
Venezuela was the world’s 9th largest exporter and ... As a result, much of Venezuela’s oil production must go to specialized domestic and international refineries. The country’s most prolific production area is the Maracaibo basin, which contains ...
GUEST APPEARANCE: Political economy of oil — a brief sketch
Finger Lakes Times - 3/1/2015 1:59:56 PM
This decline is the confluence of multiple factors, both political and economic, and its many implications affect countries ... of oil, domestic U.S. production has not led to energy independence since its consumption level as the world’s largest ...
FACTBOX-Oil production cost estimates by country
Reuters - 7/28/2009 5:19:37 AM
July 28 (Reuters) - The cost of pumping ... other individual countries, obtained from traders and industry analysts. It also gives the International Energy Agency's more general assessment of costs for the oil-producing regions of the world.
The easy oil is gone so where do we look now?
Enter Stage Right - 3/2/2015 1:41:27 AM
With U.S. shale oil production soaring from 600,000 barrels ... Current estimates have over 80 percent of the world's proven oil reserves located in OPEC member countries, with Middle Eastern reserves comprising 65 percent of the OPEC total.
Oil drops as gain in Saudi Arabian output boosts Opec production
Live Mint - 3/2/2015 11:42:45 AM
Melbourne: Oil fell after the first monthly gain since June as Saudi Arabia stepped up production ... and analysts shows. The country pumps the most crude among the 12 nations of OPEC, which supplies about 40 % of the world’s oil. Prices may trade ...
Slumping Oil Price and the Political Consequences
Kurdish Globe - 3/1/2015 9:52:23 PM
World economic slowdown in general , Chinas ... do not help ease the tension. The oil export countries consequently didn?t come to an agreement to reduce the oil production; all these pressed oil prices further down. Technology of shale oil production ...
Top 10 oil and gas producing countries in 2012
Mining - 6/14/2013 10:46:25 PM
World oil production rose about 2.5% last year ... with 395 million tonnes of oil produced last year. Eight out of 10 countries increased their oil output and only two — Iran and Mexico — fell. The US is the leader in terms of oil production growth ...
Oil-rich Libya, torn by conflict, may be going broke
Washington Post - 2/19/2015 1:40:11 AM
The country’s economic lifeblood, oil accounts for almost 100 percent ... below forecasts from the World Bank and IMF. “We’ve revised down expectations on Libya production,” he said, “simply because things are not holding together, for lack ...
Oil falls more than 1 percent on strong dollar, supply concerns
Yahoo Finance - 3/2/2015 8:22:19 AM
SINGAPORE (Reuters) - Oil ... to curb production. Iraq's oil minister, Adel Abdel Mehdi, said on Sunday he expected to see a barrel of crude selling at around $65. Supply disruption among members of the Organization of the Petroleum Exporting Countries ...
Less drilling: decline inevitable as oil prices likely to remain low
Al Bawaba - 3/1/2015 5:27:32 PM
The first quarter 2015 edition of Douglas-Westwood’s (DW) World Drilling and Production ... northern Iraq added significant downside risk to the country’s forecast – DW revised its Q3 2014 oil production forecast down from 6mb/d to 4.1mb/d.
In Mexico, 50 billion barrels of oil are up for grabs
Money Week - 3/2/2015 4:29:05 PM
Mexicos’ president, Enrique Peña Nieto, is drumming up interest in his country’s energy ... Mexico also has great shale oil and gas reserves: according to the US Energy Administration Agency, Mexico has the world’s fourth-biggest shale oil reserves.