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
Oklahoma energy production makes it a world leader, survey says
Oklahoma News - 5/29/2015 11:52:55 AM
If Oklahoma was a country, it would rank in the top 30 nations in the world for its production of natural gas, oil and wind energy. A new survey by the American Petroleum Institute released the rankings for oil and gas on Thursday. It’s not quite ...
Iran to pump 170,000 bpd crude oil to boost production
customstoday.com.pk - 5/29/2015 4:14:47 AM
In April, Iranian Oil Minister Bijan Namdar Zanganeh said it will take just a few months for the country to increase its oil production to pre-sanction ... Iran possesses the world’s fourth largest crude oil reserves.
Oil Rally Will Be Short Lived, Sharply Lower Crude Prices Will Remain Longer Than Expected
Seeking Alpha - 5/29/2015 8:11:01 AM
In recent weeks we have witnessed a rally in oil that was ... activity some of the world's largest economies like China, the Eurozone and Brazil starts to pick up. In fact, given the number of headwinds including growing OPEC production it appears highly ...
Russia, Venezuela Oil Firms Reach $14B Oil, Gas Production Deal
HNGN - 5/28/2015 2:31:35 PM
The state-owned oil companies of Russia and Venezuela have ... Confirming the deal, PDVSA said on Twitter that the two countries will create a company to boost crude production and expand crude extraction in the Orinoco Belt, where Rosneft already has ...
Study shows Oklahoma ranks high in natural gas production
PennEnergy - 5/28/2015 3:28:51 PM
A new study by the American Petroleum Institute shows Oklahoma would rank among the world's top natural gas producing countries, even surpassing eight of the 12 OPEC countries in total natural gas production. The study released Thursday uses oil and ...
Russia, Venezuela agree on massive oil & gas deal
Axis of Logic - 5/28/2015 1:41:29 PM
... largest crude oil reserves in the world. The two countries will also look into developing the Latin American nation’s gas sphere. PDVSA had set an ambitious target to try and double the country’s oil production to 6 million barrels a day by 2019 ...
End of Oil Glut Seen Nigh as World's Use Set to Top Production
Rigzone - 5/28/2015 2:31:35 PM
(Bloomberg) -- Make the most of abundant oil because by the end of the year the world may be consuming more than it pumps ... “Once we see U.S. production growth come to an end, with demand growth running at about 1.5 million barrels a day, we’ll ...
How a Geneva-based commodity trader became the largest exporter of Russian oil
Times Union - 5/28/2015 12:22:44 PM
Given that Russia is currently the world's largest oil producer, and production is largely controlled by a number ... threatening deeper economic damage to oil exporting countries and increasing the likelihood of oil company defaults.
Everyone Is Fleeing Oil's Biggest Fund
Yahoo Finance - 5/29/2015 6:23:38 AM
... Probe The Organization of Petroleum Exporting Countries, which supplies about 40 percent of the world’s oil, meets June 5 in Vienna to discuss output policy. The group will maintain its production target, Mohammad Oun, Libya’s deputy vice prime ...
Venezuela inks $14-bn oil deal with Russia's Rosneft
Domain-b - 5/29/2015 10:55:39 AM
Venezuela claims to possess the world's biggest crude oil reserves of about 298 ... PDVSA has made ambitious targets to double the country's oil production to 6 million barrels a day by 2019, two-thirds of which is projected to come from its prolific ...
Croatian dilemma: Oil in the Adriatic, or tourism
Knoxville News Sentinel - 5/28/2015 7:32:14 PM
The stunning medieval walled town of Dubrovnik was severely damaged by shelling, and broadcasts of warfare beamed around the world ... country's prime minister. The initial exploration, which will determine the quantities and profitability of oil ...
BofA Sees 50% Chance U.S. Ends Crude-Export Ban by 2017
Bloomberg - 5/29/2015 12:14:23 PM
West Texas Intermediate crude, the U.S. benchmark, dropped 46 percent in 2014, the biggest annual decline in six years, amid a surge in domestic production. The country switched from being the world’s largest buyer of foreign oil 10 years ago to the ...
OPEC Sees Rivals Boosting Oil Output Despite Weak Prices
NDTV - 5/28/2015 10:56:50 AM
and oil sands would guarantee aggregate growth at 6 percent per year and contribute 45 percent of the growth in energy production to 2035. "Improved technology, successful exploration and enhanced recovery from existing fields have enabled the world to ...
Russia's Rosneft and Venezuela Agree $14 Billion in Oil and Gas Deals
The Moscow Times - 5/28/2015 5:01:54 PM
Russia's top oil firm Rosneft and Venezuela have agreed on $14 billion investments in the ... contains one of the world's largest oil deposits. Rosneft said in a statement Thursday that it plans to increase its own crude oil production in Venezuela from ...
US oil production hits 43-year high ahead of OPEC
MSN - 5/29/2015 11:09:58 AM
Oil prices ... Petroleum Exporting Countries has adopted a market-based pricing strategy that it hoped would shake out high cost producers. One such high cost producer is the U.S. shale industry, which dramatically boosted world production in recent ...