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
Top 10 Oil Rich Countries
MILLIONAIRE CORNER - 7/27/2015 12:51:48 PM
The drop in price due to increased American production and improved fuel efficiency has had a negative effect on the country, which is sitting on ... No. 1 Venezuela – This is the wild card in the world’s oil marketplace. With almost 300 billion ...
Oil down in Asia, hurt by Chinese factory slump
Times of India - 7/27/2015 4:33:42 PM
Oil prices fell further in Asia on Monday, hurt by a slump in the manufacturing sector in China, the world's top energy ... is seen as a key barometer of the country's economic health. In a sign of drillers ramping up production, US producers added 21 ...
The nuclear deal is mostly about oil
Mining - 7/27/2015 11:28:53 PM
It also has the world's second largest reserves of natural ... percent in 2013/14 to $56 billion (Islamic Republic of Iran, Country Report, April 14, 2014). By May 2015, Iran's daily oil production had fallen from 4 million barrels in 2008 to just over ...
World commodities : Oil
Dawn - 7/27/2015 1:10:17 AM
World oil demand growth is expected to slow in the second ... Currency devaluation in other producing countries also helped support production and exports. The current downturn in the global oil industry may prove to be more severe than in 1986, when ...
Oil prices drop on Chinese woes
MENAFN - 7/28/2015 7:14:10 AM
A strong dollar and signs of increasing US oil production added further pressure to prices ... Jul 28 2015 - 'Kuwait One Of Top Countries In World Suffering From Diabetes', Arab Times (MENAFN - Arab Times) The following is an interview with Dr Kazem ...
Crude oil exports and the U.S. role in global energy production
The Wichita Eagle Kansas - 7/23/2015 9:24:46 PM
Over the past several years, our nation has left behind decades of energy scarcity and has become a worldwide leader in energy production ... country’s energy consumption. Today, the U.S. is the number one producer of oil and natural gas in the world.
Palm oil can be Ghana’s next ‘gold’
Ghana Web - 7/26/2015 10:01:11 AM
Speaking at the Tropical Forest Alliance 2020 Palm Oil Initiative Ghana Country Workshop held ... if it commits to sustainable production,” he added. Global Commitment to Sustainable Palm Oil He said, as one of the world’s largest buyers of palm ...
Unsated By Crude Glut, Asian Oil Buyers Size Up Iran’s Barrels
Bloomberg - 7/28/2015 2:27:50 AM
Brent crude, the international benchmark, has fallen more than 50 percent since June 2014 as a global glut of oil triggered international competition, led by OPEC’s increase in production to the highest level in almost three years. Six world powers and ...
In a perfect world oil would be $100 and the loonie 80 cents — too bad that’s never going to happen
Financial Post - 7/27/2015 3:04:49 AM
It is central to many of the world’s great ... goods manufactured in the country more attractive on the export market, and turns Canada into a more enticing destination for foreign travellers. Clearly, the ebb and flow of oil prices and our petrocurrency ...
The Oil Patch Will Rise Again
Investing Daily - 7/28/2015 2:20:41 AM
Not only did U.S. oil production grow faster than the output in Saudi ... for Economic Co-operation and Development (OECD) — the grouping of the world’s developed countries. But demand growth in developing countries overwhelmed the declines in the ...
BP Q2 Earnings Preview: Lower Oil Prices To Overshadow Production Growth
NASDAQ - 7/27/2015 3:19:08 AM
However, higher production volume because of the contribution ... Headquartered in London, BP is one of the world's leading oil & gas multinationals with operations in more than 80 countries. As a vertically integrated oil and gas major, it has both ...
Palm Oil Next 'Gold' For Ghana’
Modern Ghana - 7/27/2015 12:08:51 PM
The objective of the workshop was to identify the challenges that affect sustainable oil palm production and develop ... is one of the leading palm oil producing countries - second in Africa and eight in the world, Ghana is still a net importer of palm ...
Iran’s Discount Deal for Global Oil
Wall Street Journal - 7/14/2015 10:36:53 AM
Imagine if Bakken Shale producers, somewhat resilient to lower oil prices anyway ... many extra barrels could the country sell into the world market and how quickly? The International Energy Agency thinks Iran could raise production by between 600,000 ...
NBK: Oil Prices retreat as OPEC production hits new highs
CPI Financial - 7/27/2015 10:07:09 AM
“Although oil prices were jittery ... affected a number of countries. Nevertheless, the IEA has raised its forecast for non-OPEC supply growth has been raised to 1.0 mb/d from 0.83 mb/d in last month’s report. “World supply growth was flat quarter ...
Brent oil drops to 6-month low, WTI falls below $47 on glut concerns
investing.com - 7/28/2015 7:57:07 AM
Iran and six world powers reached a long-awaited ... is outpacing demand following a boom in U.S. shale oil production and after a decision by the Organization of Petroleum Exporting Countries last year not to cut production. Meanwhile, the spread between ...