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 to maintain higher oil production despite fears of a slump to $20/bbl mark
Firstpost - 11/25/2015 9:52:30 AM
The Organisation of the Petroleum Exporting Countries (OPEC) is determined to keep the production of oil the same despite ... cut back on capital spending. But the world is still producing much more oil than it needs. Russian output has unexpectedly ...
Iran gears up for big return to world oil markets
CNN Money - 11/24/2015 9:56:40 PM
Crews are working flat out, hoping to quadruple production ... country delegations from Europe and Asia -- often including energy CEOs in tow -- beating a path to Tehran since the interim agreement was signed July 14. Iran's reemergence as a world oil ...
Eni: US entered top 10 in world oil reserves in 2014
Oil & Gas Journal - 11/24/2015 5:46:08 PM
World oil production increased 2.2%, the most significant rise in the last 10 years, concentrated in countries outside of the Organization of Petroleum Exporting Countries. The US surpassed both Saudi Arabia and Russia, jumping a record 15.4% to become the ...
OPEC meet in focus as oil post gains on geopolitical tensions
CNBC - 11/25/2015 4:37:32 AM
magnifying the impact of a possible cut in production from the Organization of the Petroleum Exporting Countries. Russia is one of world's largest oil producer and the conflict that took place on the edge of Syria contributes significantly to the premium ...
A Surprising Look At Oil Consumption
Seeking Alpha - 11/25/2015 12:34:09 AM
Important: All charts are of consumption, not production ... and Oceania's largest consumer is China. The country has increased oil consumption 6.5 percent per year since 1985. Most of the rest of the world has not seen the consumption boom that was ...
Liberia: How Sime Darby & Oil Palm Production Will Help Liberia's Economy
AllAfrica - 11/24/2015 3:44:27 PM
At present, the world's largest oil palm plantation ... According to company sources, the eight ton plant is expected to start production by December 2015. This will greatly help improve the country's economy. But the thirty too plant is being set up ...
Here’s Why Crude Oil (USO) Is Down Today
bidnessetc.com - 11/23/2015 7:34:42 PM
The world crude oil benchmark which has lost more than ... They also decide how they can facilitate increased production from Iran. Once western sanctions on Iran’s exports are uplifted, the country plans to increase its output by 500,000 barrels per ...
OPEC Seen Holding the Line as $40 Oil Looms Over Vienna Meeting
Rigzone - 11/24/2015 7:47:49 PM
Their “experiment in letting prices bring adjustments to the world’s oil balance has yet to run ... after a seven-year hiatus that was triggered by the Asian country’s wilting oil production. The ceiling may be raised to 31 million barrels a day ...
Oil crash sparks OPEC revolt against Saudis
KCCI 8 Des Moines - 11/23/2015 10:40:49 PM
The smaller countries want the cartel to hit the brakes on production to help lift depressed oil prices ... Saudi Arabia was the world's largest oil producing nation, churning out nearly twice as much crude oil as the U.S. But American output has ...
Major oil gains came from outside OPEC
United Press International - 11/25/2015 1:34:24 PM
"The United States surpassed Saudi Arabia and Russia and became the first oil producer in the world ... Countries remains robust, Eni said the "most significant" increase came from non-OPEC members, where gains increased by 2.2 percent. Iraqi oil ...
Oil prices up in Asia ahead of OPEC meeting, US report
freemalaysiatoday.com - 11/25/2015 1:02:47 AM
... of comments by the Saudi Arabian oil minister that his country was prepared to work with other oil producers to stabilise prices was muted because there was no firm signal to slash production to ease the glut in global crude supples. The market will ...
Oil climbs as Turkey shoots down Russian jet
The Express Tribune - 11/25/2015 5:13:20 AM
Analysts said comments from Saudi Arabian oil minister Ali al-Naimi, who said his country was prepared to work with ... its headquarters in Vienna on December 4 for a regular production meeting. World oil prices have more than halved in the past 18 months ...
Oil up after Saudi's comments, but will OPEC change their output strategy?
Al Bawaba - 11/25/2015 11:25:34 AM
The world's biggest oil producer added that it is ready to cooperate ... and after a decision by the Organization of Petroleum Exporting Countries last year not to cut production. OPEC will meet on December 4 to review their output strategy.
Energy Downturn Spreads Beyond Oil Patch — Energy Journal
The Wall Street Journal - 11/24/2015 2:18:33 PM
The ripple effects of low oil prices can be seen world-wide, even in places like the Chili’s ... N.D. The biggest impact is felt in areas where production costs are highest, like shale oil, oil sands and the offshore Arctic. John Sessions, co-owner ...
What it costs to produce a barrel of oil
WSBT 22 - 11/24/2015 11:33:54 AM
"Vigorous production" from OPEC countries has created a "massive cushion" of 3 billion barrels of oil around the world, the International Energy Agency said in a recent statement. The resulting crash in oil prices is pinching even the strongest OPEC members.