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
The US Economy Runs Into A Problem If Oil Hits $75
The Business Insider - 10/30/2014 7:45:04 PM
US shale oil is now the marginal swing barrel in the ... members raises the question of the fiscal sustainability of these countries. First and foremost and as we discuss above, cutting production to maintain prices at a higher level is not the optimal ...
US oil production on steady upwards swing
Energy Global - 10/29/2014 4:18:39 PM
Stagnation in world economies has produced a ... Normally, OPEC would cut production to keep prices high rather than let them dip to below breakeven point where oil exporting countries can balance their national budgets. However, Saudi Arabia, OPEC ...
The 5 Worst Climate Villains Among World Leaders
The Motley Fool - 10/30/2014 5:43:22 PM
A desert country that was long the world's foremost oil producer, Saudi Arabia seems both naturally and intentionally destined to be a man-made climate change skeptic. Although the U.S. is poised to overtake it in terms of oil production, Saudi Arabia ...
POLL-Biggest oil price forecast cut since financial crisis-Reuters poll
Reuters - 10/30/2014 4:24:38 PM
Goldman Sachs and other analysts say the ability of the Organization of the Petroleum Exporting Countries, which pumps around a third of the world's crude oil, to influence prices has been eroded by the new shale oil production. But what is bad for oil ...
My view: America’s new role in the oil market
Deseret News - 10/30/2014 11:23:59 AM
as the key country for meeting growing world oil demand in the coming two decades. In May, the IEA reported that Iraq was producing 3.4 million barrels of oil per day. IEA projections pegged Iraqi production rising to 5.8 million barrels per day by 2020 ...
High price of cheap oil
The Indian Express - 10/31/2014 1:50:08 AM
From his lavish office in Caracas, Juan Pablo Perez Alfonso, founder of the Organisation of the Petroleum Exporting Countries ... as the world’s largest oil producer. Industry studies make it clear that the boom in natural gas and oil production ...
Oil the wheels
The Scotsman - 10/30/2014 11:48:26 PM
Noticeably, Opec, the cartel of oil-producing countries, meets in November ... is of benefit to North Sea oil and gas production with its high oil costs. However, ought consumers face fuel price increases in a world said to be awash with oil?
How Plunging Oil Scrambles Geopolitics
Wall Street Journal - 10/30/2014 7:52:13 PM
The OPEC members rallying for a price-boosting cut in oil production are more-populous countries like Iran and Venezuela. Although some states may be vulnerable to social instability if they are forced to trim subsidies due to the drop in oil prices ...
Iran’s Oil Revenue Falls 30% Because of Global Price Decline
Bloomberg - 10/29/2014 2:45:36 PM
Brent crude, a benchmark for more than half of the world’s oil, has plunged more than ... Iran dropped in 2012 to fifth from second in production among the 12 members of the Organization of Petroleum Exporting Countries. It pumped 2.78 million barrels ...
How Oil’s 29% Tumble Took Investors by Surprise and Why OPEC Is to Blame
Yahoo Finance - 10/29/2014 10:59:31 PM
The Organization of Petroleum Exporting Countries boosted September production to an 11-month high of 30.9 million ... The Paris-based International Energy Agency predicted world oil consumption would expand at the slowest pace since 2009 after cutting ...
Total's new boss says Europe must fight U.S. oil export ban
Reuters - 10/30/2014 2:37:15 PM
He was also not afraid of making bold statements at odds with many in the often conservative industry, saying oil production would peak ... a shale oil revolution that has put the country on course to become the world's largest producer for the first ...
A World Awash in Cheap Oil Threatens GCC
businessweekme.com - 10/30/2014 6:09:01 AM
The main shock came when the world’s biggest oil exporter ... Abu Dhabi, where the vast majority of the country’s oil reserves and production is located, is on the verge of completing projects to double the capacity of its largest refinery at Ruwais ...
Oman oil and gas minister praises fracking at Downtown conference
POWER SOURCE - 10/29/2014 3:32:43 AM
Even as his home region captures headlines for the ongoing conflict in Syria and Iraq, a long-serving energy minister in the Middle East said Tuesday that he wants U.S. businesses to know that his country ... 2000 to 2007, oil field production in the ...
OPEC secretary general says don't panic after oil price fall
worldbulletin.net - 10/29/2014 11:25:10 AM
Abdullah al-Badri did not say whether OPEC needed to cut oil production at its next meeting in ... The Organization of the Petroleum Exporting Countries, which pumps around a third of the world's oil, meets on Nov. 27 in Vienna. The oil-price drop ...