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
Global shale oil production ‘to more than double by 2040’
Energy Live News - 8/24/2016 10:55:17 AM
The EIA stated: “Russia, Mexico, Colombia, Australia and other countries that hold large technically ... equivalent of 1.8 million b/d – of the projected total world tight oil production of 10.36 million b/d by 2040.”
Indonesia to increase oil production in 2016
customstoday.com.pk - 8/24/2016 1:18:27 PM
JAKARTA: Indonesia has managed to increase oil production this year, a first for the country since 2008 ... years has been facing severe challenges as a result of the decline in world oil prices. Nevertheless, the industry still managed to make some ...
Russia Kicks Up Arctic Oil Drilling As Polar Ice Caps Melt
hellenicshippingnews.com - 8/24/2016 7:27:42 AM
Russian oil company Gazprom Neft, the country’s fourth largest oil producer ... “Although this has little immediate effect on Russian production, the sanctions, along with the low world oil prices, have made it more difficult for Russian energy ...
Oil Prices Fall on Iraq Production Increase: Short Term Top?
ETF Daily News - 8/23/2016 9:01:56 AM
Reportedly, Iraq, which is the world’s seventh largest oil producing country, will ramp up its exports amid higher production. Iraq’s July oil production rose to 3.71 million barrels per day. Strong oil output from China (the fourth largest oil ...
Oil turns higher on report Iran may support crude-output freeze
Market Watch - 8/23/2016 11:53:44 AM
A floating oil ... production freeze faded and expectations of a ramp up in Iraqi and Nigerian production grew, but a report from Reuters sparked a reversal. Citing sources in the industry as well as at the Organization of the Petroleum Exporting Countries ...
China Oil Giants Unmoved by Bull Rally After Worst-Ever Earnings
Yahoo Finance - 8/24/2016 2:37:11 PM
Tesla Unveils the World’s Fastest Production Car: 0 to 60 in 2.5 Seconds Oil has whipsawed this year, flipping five times between bear and bull markets, as output from nations outside the Organization of Petroleum Exporting Countries, including China and ...
Morgan Stanley Doubtful Over OPEC Production Cut: 4 Picks
NASDAQ - 8/23/2016 10:49:19 AM
This was revealed by the Saudi data that the production level of the desert country increased ... based Nabors conducts oil, gas, and geothermal land drilling operations and is the largest land-drilling contractor in the world. It is also one of the ...
Oil costs fall as analysts say market nonetheless oversupplied
worldwide-finance.net - 8/23/2016 4:44:14 AM
SINGAPORE (Reuters) – Oil prices fell over 1 percent ... of the Organization of the Petroleum Exporting Countries (OPEC) and other producers like Russia to freeze output at current levels “would leave production at record highs” and therefore do ...
An ‘OPEC’ cartel for labor-exporting countries
Japan Times - 8/23/2016 10:27:50 AM
As the world’s dependence on oil increased, so did OPEC’s power ... and 6.6 percent in Egypt and Morocco. For many developing countries, labor is a strategic production factor, just as commodities are for resource-rich economies.
Iraq looks to boost oil output before OPEC talks in Algeria
worldoil.com - 8/23/2016 1:26:48 PM
BAGHDAD (Bloomberg) -- Iraq asked international oil companies to boost output just as other OPEC nations are heading for talks amid a global glut. Newly installed Oil Minister Jabbar Al-Luaibi called on companies to increase oil and gas production to boost ...
Malaysia challenges the world over palm oil on peatland
The Jakarta Post - 8/24/2016 6:01:48 AM
Malaysia is a “lone ranger” in Southeast Asia as it fights more or less solo against the majority of environmentalists’ views that palm oil ... the world, Malaysia lobbied members of the International Peat Society (IPS) so that the peatland country ...
Oil prices fall as analysts say market still oversupplied
Metro International - 8/23/2016 12:55:10 AM
SINGAPORE (Reuters) - Oil prices fell early on Tuesday ... of the Organization of the Petroleum Exporting Countries (OPEC) and other producers like Russia to freeze output at current levels "would leave production at record highs" and therefore do little ...
Kenya: Country finalises agreement for development of crude oil pipeline
pulse.ng - 8/24/2016 2:22:52 PM
Tullow and Africa Oil first struck oil in the Lokichar Basin in the country's northwest in 2012 ... The government and the companies are pushing to start small scale crude oil production in 2017, at about 2,000 barrels per day to be initially transported ...
Rethinking NNPC’s Oil Search in the North
This Day Live - 8/23/2016 12:05:04 AM
Shell’s efforts, which were interrupted by the Second World War in 1945, later resumed in 1947 ... made Lagos to join the league of oil and gas producing states in the country. Crude oil production commenced from the Aje oil field located in Oil Mining ...
Oil Below $49 as Glut Outweighs Production Reduction Hopes
worldenergynews.com - 8/23/2016 12:36:41 PM
"Today we remain bearish on crude oil," said Georgi Slavov, analyst at Marex Spectron. "Supply looks likely to increase in the short term." Goldman Sachs, in a report, said talk of an output freeze by the Organization of the Petroleum Exporting Countries ...