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
Oil Wars The Beginning of The New World Order
News Wire - 12/18/2014 10:43:10 PM
As long as the oil price exceeds cash production costs, which it does in all OPEC countries, they in fact have an incentive to increase production, Roger Andrews estimated. In the US, experts agree that almost all US shale oil production is economic at ...
EIA expects non-OPEC countries to grow faster than OPEC countries
Market Realist - 12/18/2014 4:38:06 PM
In 2013, OPEC crude oil production averaged 29.9 MMBbl/d. Higher production in non‐OPEC countries will slow down OPEC production in 2014 and 2015. OPEC accounted for 40% of total world crude oil supply in 2013. OPEC has 12 member countries, including ...
Saudi Arabia Says Hard for OPEC to Give Up Oil-Market Share
Businessweek - 12/18/2014 4:23:47 PM
if not impossible” to give up market share by cutting crude production, the country’s oil minister said. Global oil markets are experiencing “temporary” instability caused mainly by a slowdown in the world economy, Oil Minister Ali Al-Naimi said ...
World Sets New Oil Production and Consumption Records
Energy Trends Insider - 7/9/2014 11:53:36 PM
Last month BP (NYSE: BP) released the Statistical Review of World Energy 2014. This report is one of the most comprehensive sources of global and country level statistics on production and consumption of oil, natural gas, coal, nuclear power and renewables.
Why oil is down by half, what it means for you
Rushville Republican - 12/19/2014 6:57:05 AM
Since 2008 oil companies in the U.S., for example, have increased production ... last week that the world would need 28.9 million barrels of its oil per day next year, the lowest in more than a decade. At the same time, OPEC countries plan to produce ...
The countries slammed worst by plunging oil prices
CNBC - 12/6/2014 11:44:31 AM
The drop has taken a multibillion-dollar bite out of the world economies that depend heavily on oil production. It's also created a windfall for countries, companies and consumers that use all that oil. The latest evidence came in Friday's trade data ...
OPEC won’t act to halt falling oil prices, says chief
The Star - 12/14/2014 4:28:32 PM
Speaking at a forum in the Gulf commercial hub of Dubai, Abdullah al-Badri said continued investment by Gulf nations will help prevent a shortfall in oil supplies once demand picks back up. Increased production by non-OPEC countries is adding to world ...
Gulf Oil Ministers Defend OPEC Output Stance
Wall Street Journal - 12/18/2014 1:53:27 PM
Rising oil production from nonmembers of the Organization ... What we are facing, and the world is facing is a temporary situation. The world economy, especially the economies of the emerging countries, will return to grow steadily and subsequently demand ...
20 countries seeing biggest increase in oil production
Rediff India Abroad - 11/8/2013 6:23:12 AM
3.11 million barrels per day Overall rank in oil production rise in 2012: 7 Canada, one of the most advanced countries in the world, has more than 4 per cent share of oil production. Change in share of world oil production (1973-2012): 0.59 per cent Share ...
The Conventional Wisdom On Oil Is Always Wrong
Five Thirt Eight - 12/18/2014 9:02:57 PM
Would post-Saddam Iraq ever return to the ranks of the world’s great oil producers ... pulling back production. Tumbling prices are wreaking havoc on Russia’s economy, and they could easily lead to political unrest in other countries as well.
US oil production surge to break Saudi Arabia's grip on world energy
Daily Telegraph - 11/7/2014 8:51:20 AM
The report comes as Saudi Arabia - the world's largest oil exporter - appears willing ... oversupply and uncertainty over the future production policies of the Organisation of Petroleum Exporting Countries (Opec). The group of 12 mainly Middle East petro ...
Oil price slump ‘temporary’
Arab News - 12/19/2014 1:49:17 AM
“The situation that we and the world currently face is temporary ... of the Petroleum Exporting Countries decided last month against cutting production. OPEC pumps about 30 percent of global crude. Oil markets gained on Thursday after recent volatility.
Saudi Arabia holds the key to the global crude oil market
Yahoo Finance - 12/18/2014 8:12:51 PM
The countries are mainly located in Africa and the Middle East. Venezuela and Ecuador are the exceptions. OPEC accounts for ~35% of the world’s crude oil production. It accounts for ~60% of global crude oil trade. Major producers Saudi Arabia is the ...
World Depends on Two Countries for Increase in Oil Production
Oil Price - 11/12/2013 11:22:05 PM
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MPs approve recommendations to prop oil
Arab Times - 12/18/2014 10:28:51 PM
He said world oil markets have seen a remarkable rise in ... This is in addition to the fluctuation of Libyan oil production this year, considering Libya is an influential country in the Organization of Petroleum Exporting Countries (OPEC).